274 Vista Avenue, San Jose, California 95127, San Jose, 95127 - 1 bed, 1 bath
ACTIVE$774,500
274 Vista Avenue, San Jose, California 95127
1Bed
1Bath
744Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($596,568.78) is $177,931.22 (22%) lower than the list price ($774,500). This property may be overpriced.
Key pros and cons
Top Pros:
Development Potential: The property offers excellent mixed-use or multi-unit development potential, making it highly attractive to contractors, investors, or developers looking to maximize land use.
Top Cons:
Age and Condition of Main Residence: Built in 1920, the existing 744 sqft home is likely outdated and may require extensive renovation or demolition, adding significant project costs for any buyer.
Compared to the nearby listings
Price:$774.5K vs avg $1.06M ($-285,500)6%
Size:744 sqft vs avg 1,357 sqft2%
Price/sqft:$1.0K vs avg $80389%
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this property is over 100 years old. The images reveal extreme neglect and significant disrepair throughout the interior and exterior. The kitchen and bathroom are severely outdated, appear unsanitary, and would require complete demolition and replacement. The exterior shows extensive peeling paint, worn siding, and potential structural issues. The listing description itself targets 'contractors, investors, or developers' and highlights 'development potential,' strongly indicating that the value lies in the land rather than the existing structure. The property appears unlivable in its current condition and is beyond economical repair.
Year Built
1920
Close
-
List price
$775K
Original List price
$875K
Price/Sqft
$1,041
HOA
-
Days on market
-
Sold On
-
MLS number
ML82018109
Home ConditionTear down
Features
View-
About this home
Prime East Foothills Opportunity! Located in a quiet unincorporated area, offering potentially greater flexibility ideal for contractors, investors, or developers. Property includes a 14 x 24 shop with power and a bathroom, offering potential as a guest unit, office, or additional living space. Excellent mixed-use or multi-unit development potential on a peaceful street close to commute routes, local restaurants, and shopping.
Condition Rating
Tear down
Built in 1920, this property is over 100 years old. The images reveal extreme neglect and significant disrepair throughout the interior and exterior. The kitchen and bathroom are severely outdated, appear unsanitary, and would require complete demolition and replacement. The exterior shows extensive peeling paint, worn siding, and potential structural issues. The listing description itself targets 'contractors, investors, or developers' and highlights 'development potential,' strongly indicating that the value lies in the land rather than the existing structure. The property appears unlivable in its current condition and is beyond economical repair.
Pros & Cons
Pros
Development Potential: The property offers excellent mixed-use or multi-unit development potential, making it highly attractive to contractors, investors, or developers looking to maximize land use.
Unincorporated Area Flexibility: Located in a quiet unincorporated area, the property may benefit from greater flexibility in zoning and building regulations, enhancing its development appeal.
Versatile Outbuilding: Includes a 14 x 24 shop with power and a bathroom, providing immediate potential for a guest unit, office, or additional living space, adding significant value and utility.
Strategic Location: Situated on a peaceful street with convenient access to commute routes, local restaurants, and shopping, balancing tranquility with urban accessibility.
Generous Lot Size: The 7000 sqft lot provides ample space for expansion, redevelopment, or landscaping, supporting its investment and development potential.
Cons
Age and Condition of Main Residence: Built in 1920, the existing 744 sqft home is likely outdated and may require extensive renovation or demolition, adding significant project costs for any buyer.
Limited Immediate Residential Appeal: With only 1 bedroom and 1 bathroom, the current dwelling offers very limited living space, making it less suitable for typical owner-occupants without substantial upgrades or redevelopment.
High Initial Investment: The list price of $774,500, combined with the probable need for significant capital for renovation or new construction, represents a substantial upfront investment for a property primarily valued for its land and development potential.