Property Overview:
16982 Kennedy Rd is a single-family home in Los Gatos, CA 95032. Built in 1939, it features 2 bedrooms, 2 bathrooms, and 1,546 sq. ft. of living space on a 14,040 sq. ft. double lot. The property includes a parking garage and is currently estimated at $3,261,000. The site is also marketed for builders/investors with approved plans for new construction, including LOT 8 (16982 Kennedy Rd) and LOT 9 (16988 Kennedy Rd).
Neighborhood Highlights:
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Population:
- Community of 22,996 residents (22% growth since 2000)
- 67% families with children
- Largest age group: 45-54 years (18.18%); second largest: 35-44 years (14.92%)
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Crime Rate:
- Personal crime risk: 4.5% (lower than CA average of 11.8%)
- Property crime risk: 6.9% (lower than CA average of 10.8%)
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Schools:
- In the Los Gatos School District
- Nearby schools: Van Meter Elementary, Raymond J. Fisher Middle, Los Gatos High, C.T. English Middle, Loma Prieta Elementary
- State average SAT score: 975
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Job Market:
- 74.2% white-collar jobs, 25.9% blue-collar jobs
- Unemployment rate: 2.1% (lower than state average of 4.7%)
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Cost of Living:
- Median household income: $115,651
- Average annual spending: $76,252
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 41.3°F (January), 77.4°F (July)
- Average rainfall: 26.1 inches/year
- Average snowfall: 0.1 inches/year
Property Features:
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Current Home:
- 2 bedrooms, 2 bathrooms, 1,546 sq. ft.
- Parking garage
- Beautifully landscaped with mature redwoods, patios, and cobblestone accents
- Three homes on two lots: Main house plus two guest cottages/bungalows, each with private patios and grass areas
- Perfect for multi-generational living, rental income, or redevelopment
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Development Opportunity:
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LOT 8 (16982 Kennedy Rd):
- Approved plans for a one-level home with lower level cellar
- Main floor: 2,018 sq. ft.
- Cellar: 1,427 sq. ft.
- 4 bedrooms, 4.5 bathrooms
- Total living area: 3,445 sq. ft.
- Garage: 427 sq. ft.
- Lot size: 7,340 sq. ft.
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LOT 9 (16988 Kennedy Rd):
- Approved plans for a two-level home with lower level cellar
- Main floor: 1,607 sq. ft.
- Second level: 562 sq. ft.
- Cellar: 1,297 sq. ft.
- 4 bedrooms, 4.5 bathrooms
- Total living area: 3,466 sq. ft.
- Garage: 420 sq. ft.
- Lot size: 6,452 sq. ft.
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Luxury New Construction Features (per approved plans):
- Craftsman design with European oak flooring
- High ceilings (10 ft), brilliant natural light
- Gourmet kitchen: Oversized island, Subzero & Wolf appliances
- Family room: In-line fireplace, open to backyard
- Master suite: Grand bath, walk-in closet
- Lower level: Bonus room (home theater), wine refrigerator, utility room
- Smart home features: Multi-zoned heating/AC, Nest thermostats, smart fire alarms, custom smart shades, owned solar
- Gated driveway, security cameras
- ~$300k in upgrades (for new construction)
Location Benefits:
- Walkable to downtown Los Gatos: Shops, restaurants, parks, library, and trails
- Award-winning Los Gatos schools
- Commuter-friendly: Easy access to major highways
- Serene, desirable neighborhood with mature landscaping and privacy
- Low crime, high-income area
- Ideal for families, investors, or developers