10472 Mcvay Avenue, San Jose, California 95127, San Jose, 95127 - 3 bed, 2 bath

10472 Mcvay Avenue, San Jose, California 95127 home-pic-0
ACTIVE$1,198,888
10472 Mcvay Avenue, San Jose, California 95127
3Beds
2Baths
1,181Sqft
9,828Lot

Price Vs. Estimate

The estimated value ($1,202,510.23) is $3,622.23 (0%) lower than the list price ($1,198,888). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9828, living area = 1181.
Top Cons:
Substantial Price Reduction History: A significant price drop from the original list price of $1.59M to $1.19M may suggest initial overpricing or could prompt buyer scrutiny regarding market perception.

Compared to the nearby listings

Price:$1.20M vs avg $1.06M (+$133,888)60%
Size:1,181 sqft vs avg 1,357 sqft33%
Price/sqft:$1.0K vs avg $80386%

More Insights

Built in 1950 (75 years old).
Condition: Despite the original build year of 1950, the property has undergone a comprehensive, high-quality renovation, bringing both the main home and the newly built ADU to a virtually new condition. The main home features European oak wide-plank floors, a modern kitchen with a quartz waterfall island, wine refrigerator, and designer lighting, along with marble and stone baths with gold fixtures. All major systems, including plumbing, electrical, windows, and roofing, are new. The ADU is newly constructed with similar modern finishes and includes paid-off solar. The property exhibits no deferred maintenance and all components meet current quality standards, aligning perfectly with an 'excellent' rating.
Year Built
1950
Close
-
List price
$1.2M
Original List price
$1.6M
Price/Sqft
$1,015
HOA
-
Days on market
-
Sold On
-
MLS number
ML82023888
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood
Patio
ViewCity Lights,Mountain(s),Neighborhood

About this home

Grab a Deal !! New Price Offers due 11/25 Tuesday 1PM TWO HOMES, ONE LOT A Must See Rare opportunity to own two beautifully designed homes on one lot, each with its own private entrance and separate utilities. The main home, 1181sqft, features 3 bedrooms and 2 baths, fully remodeled with European oak wide-plank floors, quartz waterfall island, wood ceiling beams, smooth walls, marble and stone baths, gold fixtures, designer lighting, modern doors, recessed lighting, wine refrigerator, washer/dryer, circular driveway, new 50-year roof, and ample attic storage. The ADU, 990 sqft with its own address (10474 McVay Ave), is newly built, fully permitted, and currently rented at $3,650/month. It includes 2 bedrooms, 2 baths, private yard, paid-off solar, new fence, patio, and professionally landscaped front and rear yards for complete privacy and outdoor enjoyment. Both homes feature new fencing, windows, plumbing, sewer line to the street, electrical, stamped concrete and paver driveway, automatic sprinklers, and professional landscaping. Perfect for multi-generational living, rental income, or long-term investment, with modern upgrades, high-quality finishes, and lasting value throughout. Located in East Foothills, with easy access to major freeways, shopping, dining, parks.

Condition Rating
Excellent

Despite the original build year of 1950, the property has undergone a comprehensive, high-quality renovation, bringing both the main home and the newly built ADU to a virtually new condition. The main home features European oak wide-plank floors, a modern kitchen with a quartz waterfall island, wine refrigerator, and designer lighting, along with marble and stone baths with gold fixtures. All major systems, including plumbing, electrical, windows, and roofing, are new. The ADU is newly constructed with similar modern finishes and includes paid-off solar. The property exhibits no deferred maintenance and all components meet current quality standards, aligning perfectly with an 'excellent' rating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9828, living area = 1181.
Exceptional Income & Multi-Generational Potential: Features two distinct homes on one lot with separate utilities and entrances, including a newly built, permitted ADU generating $3,650/month, ideal for rental income or multi-generational living.
Comprehensive Modern Renovations: Both residences have undergone extensive, high-quality remodels and upgrades, including new roofs, plumbing, electrical, windows, and contemporary finishes, ensuring move-in readiness and reduced immediate maintenance.
Energy-Efficient ADU with Paid Solar: The newly constructed ADU is equipped with paid-off solar panels, offering significant energy savings and environmental benefits, enhancing its appeal and long-term value.
Premium Finishes & Curb Appeal: The main home showcases luxurious finishes like European oak floors, quartz waterfall island, and marble baths, complemented by professional landscaping, new fencing, and stamped concrete driveways for superior aesthetic appeal.
Convenient Location with Views: Located in the East Foothills of San Jose, providing easy access to major freeways, amenities, and parks, along with desirable city lights and mountain views.

Cons

Substantial Price Reduction History: A significant price drop from the original list price of $1.59M to $1.19M may suggest initial overpricing or could prompt buyer scrutiny regarding market perception.
Older Main Home Foundation: Despite extensive remodeling, the main home's original structure dates back to 1950, meaning the underlying foundation and core framing are older, which might be a consideration for some buyers.
Unspecified High School District: The high school district is listed as 'Other,' which could be a drawback for buyers specifically seeking highly-rated or well-known school districts within San Jose.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state