14225 Lora Drive #2 Asks $465,000 — But the Last Unit Its Size Sold for $25,000 Less

Among nine comparable condos and townhomes now listed in Los Gatos — same complex or nearby, one to two bedrooms, 768 to 996 square feet — 14225 Lora Drive #2 ranks third-lowest by asking price. Two units at the same address ask less. The peer rule here: same property type (condos and townhomes), within one bedroom, size within 25%, within 0.5 miles, past 12 months.

The subject record

How it compares with homes like it

The nine active peer listings have a median ask of $550,000 and a median price per square foot of $650. At $570 per square foot, unit #2 is priced above the peer median on a per-foot basis — but its single bedroom and smaller gross square footage pull the total well below what the two-bedroom units in the same complex are asking.

Of the nine peers, only two ask less: 14225 Lora Drive #51 at $399,950 (1 bed, 786 sq ft, $509/sq ft) and 14225 Lora Drive #102 at $430,000 (2 beds, 996 sq ft, $432/sq ft). The second of those is a two-bedroom unit priced below this one on a total-dollar basis — a function of condition or seller motivation the public record does not explain.

The most directly comparable active listing is 14225 Lora Drive #51: same complex, one bedroom, 786 square feet, asking $399,950. That unit is 30 square feet smaller and asks $65,050 less. Unit #2 asks roughly $80 more per square foot than #51.

The three factors that keep this unit near the bottom of the range are straightforward: one bedroom instead of two, 816 square feet against the 996-square-foot two-bedroom floor plan that dominates recent sales, and a 1963 build date that applies equally to the whole complex.

Comparable sales

Five condos and townhomes at or immediately adjacent to 14225 Lora Drive sold in the past 12 months.

All dates are month-estimated from recorded data. The five sales (n=5) show a range of $440,000 to $535,000, with a median of $490,000 and a median price per square foot of $517. The one sale matching this unit's exact floor plan — 14225 Lora #21, also 816 square feet, 1 bed — recorded at $440,000 in September 2026, putting the current ask of $465,000 roughly $25,000 above that transaction on a like-for-like basis.

Condos and townhomes across Los Gatos

Beyond this complex, the broader condo and townhome market in Los Gatos tells a different story. Thirty-five such units are active now, with a median ask of $1,230,000. Over the past 180 days, 57 condos and townhomes have sold at a median price of $1,425,000 and a median of $909 per square foot. The Lora Drive complex occupies a distinct, lower-cost segment of that market — the units here are smaller, older, and priced well below the city's condo median.

How the Los Gatos market is doing

Across all property types in Los Gatos, 223 sales closed in the past 180 days at a median price of $2,380,000 and a median of $1,160 per square foot (median size: 2,129 sq ft). A year ago — the same 180-day window, prior year — 286 sales closed at a median of $2,381,500. Volume is down about 22% year over year; the median price is nearly flat, off by $1,500. The lowest recorded sale in the past 180 days was $355,000; the highest was $7,800,000. These figures cover the full market: houses, condos, and townhomes together.

What it would cost a month

At the list price of $465,000 with the national 30-year average rate of 7.03% (as of the week of September 24, 2026, per Freddie Mac), the principal and interest payment works out as follows. This is not an affordability assessment — taxes, insurance, HOA dues, and other costs are not included.

Three you could write an offer on today

The following units are not listed for sale, but every home in this market has a page on this site. An owner does not have to be listed to receive a written offer — an agent takes the offer directly to the owner, and no one is committed to anything until terms are agreed in a signed contract. Read how an offer works before reaching out.

• 14225 Lora Dr Apt 80 — 2 beds, 1 bath, 996 sq ft, built 1963, last recorded sale $252,500 in February 2018, same complex
• 14225 Lora Dr Apt 89 — 2 beds, 1 bath, 996 sq ft, built 1963, last recorded sale $315,000 in December 2013, same complex
• 14225 Lora Dr Apt 93 — 2 beds, 1 bath, 996 sq ft, built 1963, last recorded sale $90,000 in March 2009, 0.01 miles away

Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272