494 Madera Avenue, San Jose, California 95112, San Jose, - bed, bath
ACTIVE UNDER CONTRACT$999,999
494 Madera Avenue, San Jose, California 95112
3Beds
1Bath
1,220Sqft
8,928Lot
Year Built
1930
Close
-
List price
$1,000K
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
201 Days
Sold On
2025-11-18
MLS number
ML82004986
Home ConditionExcellent
Features
Patio
View-
About this home
Bright, sunny bungalow built in 1930, featuring original wainscoting and architectural details. With fresh paint (inside and out), new dual pane windows and flooring throughout, this home shines! The sunny kitchen boasts recently installed sink and cabinet with quartz countertop, new stainless steel refrigerator, range and dishwasher. Outside you will find an extra long partially gated driveway, low maintenance backyard, detached 2 car garage with potential workshop, and a partial basement. This property is zoned LI (light industrial), so could be used for a business, as well. Added bonus: owned solar! This property has been virtually staged. Perfect for first-time buyer, downsizer or investor!
Nearby schools
2/10
Grant Elementary School
Public,•K-5•0.6mi
4/10
Empire Gardens Elementary School
Public,•K-5•1.0mi
4/10
Horace Mann Elementary School
Public,•K-5•1.4mi
2/10
Selma Olinder Elementary School
Public,•K-5•2.0mi
3/10
Lowell Elementary School
Public,•K-5•2.2mi
4/10
Gardner Elementary School
Public,•K-5•2.6mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.6mi
4/10
Washington Elementary School
Public,•K-5•2.6mi
4/10
Peter Burnett Middle School
Public,•6-8•0.6mi
6/10
Orchard Elementary School
Public,•K-8•2.1mi
3/10
Herbert Hoover Middle School
Public,•6-8•2.4mi
5/10
Willow Glen Middle School
Public,•6-8•4.7mi
3/10
San Jose High School
Public,•9-12•1.3mi
6/10
Independence High School
Public,•9-12•2.0mi
5/10
Abraham Lincoln High School
Public,•9-12•2.6mi
6/10
Willow Glen High School
Public,•9-12•4.6mi
Price History
Date
Event
Price
08/21/25
Price Change
$999,999
05/01/25
Listing
$1,199,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (44 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 1 | 2 | 29% |
| Square foot | 1,220 | 1,557 | 33% |
| Lot Size | 8,928 | 6,000 | 87% |
| Price | $1,000K | $1.24M | 22% |
| Price per square foot | $820 | $861 | 49% |
| Built year | 1930 | 1922 | 60% |
| HOA | |||
| Days on market | 188 | 153 | 76% |
Condition Rating
Excellent
Despite being built in 1930, this property has undergone extensive recent renovations, including fresh paint inside and out, new dual-pane windows, and new flooring throughout. The kitchen boasts recently installed cabinets, quartz countertops, and new stainless steel appliances (refrigerator, range, dishwasher). The bathroom features a new vanity, sink, faucet, and clean white tiling. The addition of owned solar further enhances its modern appeal and efficiency. These updates align with the 'extensively renovated within 5 years' criteria, making the property's current condition excellent and move-in ready with virtually new components.
Pros & Cons
Pros
Flexible Zoning (LI): The Light Industrial (LI) zoning offers unique versatility, allowing for both residential and potential business use, appealing to a broad range of buyers including investors, entrepreneurs, and those seeking live/work opportunities.
Extensive Modern Updates: Recent renovations including fresh paint, new dual-pane windows, new flooring, and a fully updated kitchen with new stainless steel appliances and quartz countertops make the home move-in ready.
Owned Solar System: The presence of owned solar panels provides significant long-term benefits through reduced energy costs and a lower environmental footprint, enhancing the property's appeal and value.
Detached 2-Car Garage with Workshop Potential: A spacious detached two-car garage offers ample parking, storage, and the valuable potential for a dedicated workshop or additional functional space.
Charming Original Details: The home retains its 1930s bungalow charm with original wainscoting and architectural details, blending character with modern comforts from recent updates.
Cons
Single Bathroom: For a 3-bedroom home, having only one bathroom can be a significant functional limitation for families or multiple occupants, potentially impacting daily convenience and resale appeal.
Age-Related Infrastructure Concerns: Despite recent cosmetic and window updates, a 1930-built home may still have underlying older infrastructure (e.g., plumbing, electrical, foundation) that could require future maintenance or upgrades.
Extended Market Time & Price Reduction: The property's 201 days on market and a substantial price reduction from its original listing suggest initial challenges in market reception, which could raise questions for potential buyers if the current contract falls through.