494 Greendale Way, San Jose, California 95129, San Jose, - bed, bath

home-pic
ACTIVE$2,399,000
494 Greendale Way, San Jose, California 95129
0Bed
0Bath
3,793Sqft
7,841Lot
Year Built
1964
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81981021
Home ConditionGood
Features
View-

About this home

Highly coveted CUPERTINO HIGH with the CUPERTINO ELEMENTARY school district is a real bonus with a San Jose address. Double pane windows make each unit quiet. Go inside (by appointment) to listen for yourself. Unit # 1 would make a very desirable home for the new owner, or a tenant who wants extra space, with its 3 bedrooms and 2 bathrooms, and Cupertino schools. Close to Apple, Shopping, and Restaurants. Generally quick access to San Jose Mineta International Airport. (Google maps says the trip is typically 12 to 18 minutes.) Tastefully remodeled kitchens. Long term tenants. Easy access to freeways. 6 parking spaces with automatic garage doors. Do not enter property or contact tenants. LUCKY NEWS for you: Available, again, after selling in 12 days. Original buyer could not wait for new permits for the remodeled kitchens.

Price History

Date
Event
Price
09/19/24
Listing
$2,399,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot3,7933,793
50%
Lot Size7,8417,841
50%
Price$2.4M$2.35M
60%
Price per square foot$632$632
50%
Built year19641968
20%
HOA
Days on market412174
80%
Condition Rating
Good

The property, built in 1964, has undergone significant updates, including 'tastefully remodeled kitchens' with 'new permits' and double-pane windows, as explicitly stated in the description. The exterior images show a well-maintained facade and modern garage doors. While interior images of bathrooms and other living areas are not provided, the recent and significant updates to the kitchens and windows suggest a move-in ready condition with key components updated, aligning with a 'Good' score.
Pros & Cons

Pros

Exceptional School District: Located within the highly coveted Cupertino High and Elementary school districts, a significant draw for families and long-term property value.
Strategic Location: Offers prime proximity to major tech employers (Apple), diverse shopping, restaurants, and excellent access to freeways and San Jose Mineta International Airport.
Recent Interior Upgrades: Features tastefully remodeled kitchens, enhancing tenant appeal and property value.
Stable Income Potential: As a quadruplex with long-term tenants, it presents a reliable rental income stream and a strong investment opportunity.
Enhanced Comfort & Amenities: Benefits from double-pane windows for noise reduction and includes 6 parking spaces with automatic garage doors.

Cons

Permit Compliance Concerns: The previous sale's failure due to unissued permits for remodeled kitchens indicates potential legal or compliance issues that require resolution.
Limited Due Diligence Access: Restricted access to the property and inability to contact tenants directly complicates thorough inspections and tenant evaluations for prospective buyers.
Property Age: Built in 1964, the property's age may suggest potential for deferred maintenance or upcoming capital expenditures for systems beyond the recently remodeled kitchens.

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