282 Vista Avenue, San Jose, California 95127, San Jose, - bed, bath
ACTIVE$2,136,900
282 Vista Avenue, San Jose, California 95127
3Beds
1Bath
966Sqft
25,669Lot
Year Built
1920
Close
-
List price
$2.14M
Original List price
$2.14M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82012057
Home ConditionTear down
Features
ViewNeighborhood
About this home
!!! POSSIBLE BUY WITH THE OTHER LOTS NEXT TO IT AND MAKE IT TO BE ABOUT 1 ACRE THE OTHER LOTS.T-INTERSECTION LOT. SINGLE FAMILY NEIGHBORHOOD COMMUNITY COMMERCAIL (NCC) ZONE IN URBAN VILLAGE GENERAL ZONE. !!!!VALUE IS IN LAND! CITY. EASILY APPROVED FOR 100% AFFORDABLE HOUSING. IT IS GOOD FOR BE SUBDIVIDED TO MORE LOTS. SELLER PAID THE FEES FOR ANNEXING THE LAND TO SAN JOSE CITY ALREADY. THE HOUSE RENTED NOW. DO NOT DISTURB TENANTS!
Price History
Date
Event
Price
06/23/25
Listing
$2,136,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (63 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 1 | 2 | 23% |
| Square foot | 966 | 1,418 | 14% |
| Lot Size | 25,669 | 6,500 | 95% |
| Price | $2.14M | $1.09M | 94% |
| Price per square foot | $2,212 | $777 | 98% |
| Built year | 1920 | 9775978 | 2% |
| HOA | |||
| Days on market | 135 | 142 | 47% |
Condition Rating
Tear down
The property was built in 1920, making it over 100 years old. The listing description explicitly states, 'VALUE IS IN LAND!' and suggests the property is 'GOOD FOR BE SUBDIVIDED TO MORE LOTS' and 'EASILY APPROVED FOR 100% AFFORDABLE HOUSING,' indicating the existing structure is not the primary asset. While one interior image shows some cosmetic updates (new flooring, paint, light fixture), there are no images of the kitchen or bathroom, which are critical for assessing the overall condition. Given the age and the seller's emphasis on land value and redevelopment potential, it's highly probable the structure is beyond economical repair or significant renovation, aligning with the 'tear-down' criteria where value is solely based on the land.
Pros & Cons
Pros
High Development Potential: The property is zoned NCC (Neighborhood Community Commercial) within an Urban Village General Zone, explicitly stating 'VALUE IS IN LAND!' and suitability for subdivision and various development projects.
Significant Land Size: A large lot of 25,669 sqft (approx. 0.59 acres) offers substantial space for development, with potential to expand to approximately 1 acre by acquiring adjacent lots.
Affordable Housing Incentives: The property is 'easily approved for 100% affordable housing,' presenting a streamlined path and potential financial benefits for developers focusing on this sector.
Pre-Approved Annexation: The seller has already paid fees for annexing the land to San Jose City, significantly reducing the buyer's initial costs and administrative burden for development.
Strategic San Jose Location: Located in San Jose, a desirable and growing city in Silicon Valley, enhancing the long-term value and demand for any future development.
Cons
Outdated Existing Structure: The 1920-built, 966 sqft house is old and small, indicating it's likely a tear-down or requires extensive renovation, adding to initial development costs.
Tenant Occupancy: The property is currently rented, which complicates immediate access for due diligence, showings, and requires managing tenant relocation or eviction for redevelopment.
T-Intersection Lot Configuration: While offering visibility, a T-intersection lot can present challenges for site planning, traffic flow, noise considerations, and potentially limit certain development layouts.