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514 Mayellen Avenue, San Jose, California 95126, San Jose, 95126 - 3 bed, 1 bath

514 Mayellen Avenue, San Jose, California 95126 home-pic-0
ACTIVE$1,149,950
514 Mayellen Avenue, San Jose, California 95126
3Beds
1Bath
1,088Sqft
5,600Lot
Year Built
1953
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$1,057
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026516
Home ConditionGood
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $1.15M(21th), sqft - 1088(18th), beds - 3(50th), baths - 1(15th).

Welcome to 514 Mayellen Ave in San Jose. This updated home offers 3 bedrooms, 1 bathroom and 1,088sqft. Inside you'll find new carpet, updated bathroom flooring and refreshed kitchen and bathroom spaces. It is a fantastic opportunity to own in a central and convenient location. The home provides easy access to shopping, dining, parks, major commute routes, and many of Silicon Valleys key destinations. Whether you're a first-time buyer, downsizing, or looking for an investment property, this home offers excellent versatility. Don't miss this opportunity to own a well-maintained home in San Jose at an affordable price. This property is located in a census tract designated as a High Cost Area. For first time homebuyers (FTHBs) with income under $19,230/mo, the High Cost Area Purchase Program offers up to $28,102 in agency credits for an interest rate buydown. Contact Brandon for info.

Price History

Date
Event
Price
11/13/25
Listing
$1,149,950
03/15/23
Sold
$1,080,000
04/18/22
Sold
$905,000
Condition Rating
Good
Built in 1953, this home has undergone significant recent cosmetic renovations, making it move-in ready. The kitchen features new white shaker cabinets, modern white countertops, subway tile backsplash, new stainless steel appliances, and contemporary lighting. The bathroom is fully updated with a modern floating vanity, stylish round mirror, new tiled shower with glass enclosure, and modern fixtures. New LVP flooring is present in the main living areas, and new carpet in the bedrooms. While the visible components are virtually new and meet current quality standards, the property's age suggests that major underlying systems (e.g., plumbing, electrical, HVAC) may still be older, as their replacement is not explicitly mentioned, preventing an 'Excellent' rating.
Pros & Cons

Pros

Prime Silicon Valley Location: The property boasts a central and convenient location in San Jose, offering easy access to shopping, dining, parks, major commute routes, and key Silicon Valley destinations, which is highly desirable.
Recent Cosmetic Updates: The home features recent updates including new carpet, updated bathroom flooring, and refreshed kitchen and bathroom spaces, making it move-in ready for prospective buyers.
First-Time Homebuyer Incentives: Located in a High Cost Area, eligible first-time homebuyers can benefit from the High Cost Area Purchase Program, offering up to $28,102 in agency credits for an interest rate buydown.
Versatile Investment Opportunity: Described as an excellent opportunity for first-time buyers, those downsizing, or investors, indicating broad market appeal and potential for rental income or appreciation in a strong market.
Competitive Pricing: The current list price of $1,149,950 is below the estimated property value of $1,200,619, suggesting good value for a well-maintained home in San Jose.

Cons

Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present practical challenges for families or multiple occupants, potentially impacting convenience and future resale appeal.
Smaller Living Space: At 1,088 square feet, the home offers relatively compact living quarters for a 3-bedroom single-family residence in the San Jose market, which might not suit buyers seeking more expansive space.
Older Infrastructure Potential: Built in 1953, despite cosmetic updates, the property may still have original or older core systems (e.g., plumbing, electrical, HVAC) that could require significant maintenance or replacement in the future, not explicitly addressed in the description.

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