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Joan Tabb, 60, has lived here since this charming two-story home was built. Fiona Kelliher is a breaking news reporter at The Mercury News. Los Gatos widow alleges psychics scammed her out of her house, savings A lawsuit describes how a family psychics convinced a 73-year-old kindergarten teacher her … She was a single mother raising her son, Zac, who was a senior in high school at the time, and she was juggling two jobs seven days a week at the Los Gatos Parks Department and the Sheriff’s Office. “On the spectrum,” said Coldwell Banker broker Renee Avila, who represents the seller, “this is one of the best deals I’ve ever seen.”. Tabb’s townhouse is one of 117 for-sale units; the program also includes 54 rental units, said town manager Laurel Prevetti. In the event of a tie between applicants — as was the case with Tabb — available homes are allotted via lottery. The average Los Gatos house price was $1.88M last month, up 9.0% since last year. It’s winning the lottery — it’s like I won a million dollars,” Tabb said from her living room Saturday, pausing to choke back tears. But she’ll leave behind the memories of barbecuing in the cozy backyard and the calm she felt sitting for hours alone at the kitchen table quilting. She won the lottery to buy the house back in 2003, a moment that still brings tears to her eyes. I had to actually sit down. No typo: This $1.1 million Los Gatos house is…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email this to a friend (Opens in new window), 49ers 23, Rams 20: Defensive takeaways, Deebo Samuel power Niners to critical road win, No typo: This $1.1 million Los Gatos house is selling for $274,000, A leader in the battle for local control over development, Thinking small: How coronavirus is changing how we build Bay Area homeless shelters, Judge rejects Milpitas group’s bid to block sale of hotel for homeless housing, Milpitas approves 44 more apartments at mixed-income complex, Downtown San Jose tower would create affordable senior housing. LOS GATOS — A house in sumptuous Los Gatos — one of Silicon Valley’s most desirable cities — is on the market for $274,000. After the application process ends, the city will sort through the applicants with program administrator Hello Housing to pick the home’s next lucky buyer. You don’t even have to bid for the rock-bottom price. That’s not a typo. For Tabb, the house was exactly what she needed to feel like she wasn’t just surviving on the day-to-day. “We have so, so much demand for the low-priced units because the area has such a tremendous need for affordable housing,” Prevetti said. LOS GATOS — A house in sumptuous Los Gatos — one of Silicon Valley’s most desirable cities — is on the market for $274,000. “This was it.”. It’s winning the lottery — it’s like I won a million dollars,” Tabb said from her living room Saturday, pausing to choke back tears. You don’t even have to bid for the rock-bottom price. All Access Digital offer for just 99 cents! Post was not sent - check your email addresses! “I almost fainted. Check here for important messages emailed by Principal, Guidance, & District. We have multiple consumer reviews, photos and opening hours. Judge rejects Milpitas group’s bid to block sale of hotel for homeless housing Applicants must not exceed 100 percent of the local area median income, which means $105,100 for a household of two and up to $152,400 for a family of six. Housing Programs The Town of Los Gatos Community Development Department works in partnership with the housing successor agency to the former Los Gatos Redevelopment Agency to improve and preserve the supply and quality of existing rental and ownership housing opportunities that are available for residents and employees of local businesses. The Los Gatos housing program has been in place since 1979 and aims to keep a supply of affordable single-family homes on the market in a town where median home prices have skyrocketed to a whopping $1.8 million. A recent open house welcomed more than 20 interested visitors, Avila said, including local couples and families with kids. Los Gatos is a city in Santa Clara County, California with a population of 30,398. She previously covered housing and real estate for the San Francisco Business Times. 36.28% of households in Los Gatos are renters. Read More about Message Central. This was it. “I almost fainted. But you do have to fit into a super modest income bracket by Silicon Valley standards — less than $132,000 for a family of four — and submit an application by the day after Christmas. Bay Area Office Pool Wins Hefty $543M Lottery Prize - Los Gatos, CA - Eleven employees of a Santa Clara County financial firm played on … But now … The Los Gatos, CA housing market is very competitive, scoring 73 out of 100. Sorry, your blog cannot share posts by email. To find out more on the program and how to apply for this home, go to www.hellohousing.org or call 415-863-3036. It still wasn’t enough to afford a home at the market rate. Los Gatos Housing Market Information. The median gross income for households in Los Gatos is $126,122 a year, or $10,510 a month. The Los Gatos housing program has been in place since 1979 and aims to keep a supply of affordable single-family homes on the market in a town where median home prices have skyrocketed to a whopping $1.8 million. She previously covered housing and real estate for the San Francisco Business Times. Could a mysterious, ’30s-era scrapbook document the first-ever women’s surf club? And it’s not a vermin-infested, fire-ravaged tear-down on a weed-choked lot requiring millions in renovations, like many of the bargains that raise eyebrows in Silicon Valley and the ire of neighbors. Crazy as the price tag, it’s unclear how many buyers are battling for Tabb’s house. Then she hit the jackpot. “This was it.”. To find out more on the program and how to apply for this home, click here or go to www.hellohousing.org or call (415) 863-3036. The program awards applicants within the qualifying income brackets points for factors like having children in the local school system. 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