266 Vista Avenue, San Jose, California 95127, San Jose, 95127 - 2 bed, 1 bath
ACTIVE$900,000
266 Vista Avenue, San Jose, California 95127
2Beds
1Bath
1,107Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($795,874.745) is $104,125.255 (11%) lower than the list price ($900,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Potential: The property explicitly offers 'development potential' and the possibility of combining with neighboring parcels, making it highly attractive to investors and builders.
Top Cons:
Advanced Age of Property: Built in 1920, the property is over a century old, likely requiring significant updates to systems, structure, and aesthetics to meet modern standards.
Compared to the nearby listings
Price:$900.0K vs avg $1.06M ($-160,000)22%
Size:1,107 sqft vs avg 1,357 sqft29%
Price/sqft:$813 vs avg $80351%
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this property is over 100 years old with no indication of major renovations. The listing description explicitly highlights 'development potential' and 'opportunity for investors or builders to create something special,' strongly suggesting the value lies in the land rather than the existing structure. The exterior images show a very aged home with visible signs of deferred maintenance, including what appears to be peeling paint and an unkempt yard. Without interior photos, it's highly probable that the kitchen, bathrooms, and all major systems (plumbing, electrical, HVAC) are original or severely outdated, requiring complete replacement. The property is marketed as a redevelopment opportunity, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and its value is based solely on the land.
Year Built
1920
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$813
HOA
-
Days on market
-
Sold On
-
MLS number
ML82018108
Home ConditionTear down
Features
View-
About this home
PLEASE DO NOT DISTURB OCCUPANTS. Charming 2-bedroom home on a spacious 7,000 sq. ft. lot in San Joses East Foothills. Prime location near Alum Rock and McKee with development potential, can possibly be combined with neighboring parcels. Great opportunity for investors or builders to create something special.
Condition Rating
Tear down
Built in 1920, this property is over 100 years old with no indication of major renovations. The listing description explicitly highlights 'development potential' and 'opportunity for investors or builders to create something special,' strongly suggesting the value lies in the land rather than the existing structure. The exterior images show a very aged home with visible signs of deferred maintenance, including what appears to be peeling paint and an unkempt yard. Without interior photos, it's highly probable that the kitchen, bathrooms, and all major systems (plumbing, electrical, HVAC) are original or severely outdated, requiring complete replacement. The property is marketed as a redevelopment opportunity, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and its value is based solely on the land.
Pros & Cons
Pros
Development Potential: The property explicitly offers 'development potential' and the possibility of combining with neighboring parcels, making it highly attractive to investors and builders.
Generous Lot Size: A spacious 7,000 sq. ft. lot in San Jose provides ample space for expansion, new construction, or multi-unit development, supporting its investment appeal.
Prime San Jose Location: Situated in San Jose's East Foothills near Alum Rock and McKee, offering a desirable location with good access and neighborhood appeal.
Targeted Investor/Builder Opportunity: Clearly marketed as a 'Great opportunity for investors or builders,' indicating its highest and best use is for redevelopment or significant renovation.
Existing Charming Structure: Described as a 'charming 2-bedroom home,' which could offer immediate rental income or serve as a base for renovation while development plans are finalized.
Cons
Advanced Age of Property: Built in 1920, the property is over a century old, likely requiring significant updates to systems, structure, and aesthetics to meet modern standards.
Small Existing Structure: With only 1107 sq. ft. and 2 beds/1 bath, the current home is undersized for the lot and modern family needs, indicating the primary value is in the land.
Occupancy & Access Restrictions: The 'PLEASE DO NOT DISTURB OCCUPANTS' clause suggests limited showing access and potential complexities for due diligence or immediate redevelopment.