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248 University Ave, Los Gatos, CA 95030

List Price: $2,899,999On Market FlagOn market
Aug 21, 20251,940 sqft3 beds3 baths
Listed by: Katie Mozzone
License #: 02236436
Phone #: 408-763-9644
Compass
Source:
CRMLS Logo
MLS #: ML82017294

Property Description

A Timeless Offering in the Heart of Downtown Los Gatos. Set along one of the most treasured streets in Los Gatos, University Ave offers a rare chance to own a legacy trophy home in the historic University/Edelen District. Just steps from vibrant downtown, yet tucked into a peaceful, tree-lined enclave, this residence offers a rare balance of privacy and connection. Lovingly held by the same family for over three decades, the home blends classic charm with refined, modern comfort. Light pours into thoughtfully updated interiors, including a custom-renovated kitchen and baths, hardwood floors, and a dedicated home office designed for flexibility. French doors lead to a private patio and a serene backyard, offering indoor-outdoor living perfect for entertaining or a quiet retreat. The location completes the entertainers lifestyle, with award-winning schools, Michelin-caliber dining, boutique shops, a farmers market, and the trendy downtown all just around the corner. Hiking and biking trails, parks, and recreational activities are within easy reach. A detached two-car garage, inviting curb appeal, and an address within one of the town's most historic neighborhoods, this is more than a home. Its an heirloom, a lifestyle, and a rare opportunity in Los Gatos and Silicon Valley.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$16,530

TurboHome Estimated Value

$2,001,000

$1,031 sqft

High Valuation
$2,101,050
$1083/sqft
Normal Valuation
$2,001,000
$1031/sqft
Low Valuation
$1,900,950
$980/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1031/sqft$2,001,000

Neighborhood

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Comparative Value

$1.55M

$1.65M

$1.75M

$2.25M

$2.71M

$2.90M

18400 Overlook Rd 63, Los Gatos, CA 95030

Sale Price: $1,550,000

Selected Comparable

137 New York Ave D, Los Gatos, CA 95030

Sale Price: $1,650,000

Selected Comparable

305 Creekside Village Dr, Los Gatos, CA 95032

Sale Price: $1,750,000

Selected Comparable

481 Woodland Ave, Los Gatos, CA 95032

Sale Price: $2,250,000

Selected Comparable

498 Bird Ave, Los Gatos, CA 95032

Sale Price: $2,710,000

Selected Comparable

248 University Ave, Los Gatos, CA 95030

List Price: $2,899,999

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
248 University Ave, Los Gatos, CA 95030

248 University Ave, Los Gatos, CA 95030

List: $2,899,999

Listed: 8/21/2025

Area:1,940 sqft
Price/sqft:$1,495
Beds:3
Baths:3
Year Built:
Lot Size:5,060

Comparable Properties

COMPARABLE
Choose comps
481 Woodland Ave, Los Gatos, CA 95032

481 Woodland Ave, Los Gatos, CA 95032

Sale: $2,250,000

12/16/20240.23 mi

Area:1,903 sqft
Price/sqft:$1,182
Beds:3
Baths:3
Year Built:
Weight:21.4%
137 New York Ave D, Los Gatos, CA 95030

137 New York Ave D, Los Gatos, CA 95030

Sale: $1,650,000

10/29/20240.44 mi

Area:1,987 sqft
Price/sqft:$830
Beds:3
Baths:3
Year Built:
Weight:20.8%
18400 Overlook Rd 63, Los Gatos, CA 95030

18400 Overlook Rd 63, Los Gatos, CA 95030

Sale: $1,550,000

7/31/20250.79 mi

Area:1,916 sqft
Price/sqft:$809
Beds:3
Baths:2
Year Built:
Weight:20.0%
305 Creekside Village Dr, Los Gatos, CA 95032

305 Creekside Village Dr, Los Gatos, CA 95032

Sale: $1,750,000

5/15/20250.35 mi

Area:1,502 sqft
Price/sqft:$1,165
Beds:3
Baths:3
Year Built:
Weight:19.0%
498 Bird Ave, Los Gatos, CA 95032

498 Bird Ave, Los Gatos, CA 95032

Sale: $2,710,000

6/18/20250.31 mi

Area:1,713 sqft
Price/sqft:$1,582
Beds:3
Baths:2
Year Built:
Weight:18.9%

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