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10024 Bret Avenue, Cupertino, California 95014, Cupertino, 95014 - 2 bed, 1 bath

ACTIVE$3,498,000
10024 Bret Avenue, Cupertino, California 95014
2Beds
1Bath
1,063Sqft
9,375Lot

Price Vs. Estimate

The estimated value ($3,368,666.44) is $129,333.56 (3%) lower than the list price ($3,498,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential: Two adjacent parcels with P(CG, Res) zoning offer significant development potential for residential and commercial mixed-use projects.
Top Cons:
Existing Structure Condition: The existing single-family residence, built in 1948 with 2 beds and 1 bath, may require significant renovation or demolition depending on development plans.

Compared to the nearby listings

Price:$3.50M vs avg $3.50M (+$0)50%
Size:1,063 sqft vs avg 2,259 sqft2%
Price/sqft:$3.3K vs avg $1.5K98%

More Insights

Built in 1948 (77 years old).
Condition: The property was built in 1948 and the listing focuses on development potential, suggesting the existing structure is not a primary asset. Given the age and emphasis on redevelopment, it's likely the house requires demolition or extensive renovation, fitting the tear-down category. The description highlights the land's value for new construction rather than the existing home's condition.
Year Built
1948
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$3,291
HOA
-
Days on market
-
Sold On
-
MLS number
ML82013042
Home ConditionTear down
Features
View-

About this home

Two adjacent parcels (APN: 375-11-048 & 375-11-047) present exceptional development potential in a coveted Silicon Valley location. Situated minutes from Apple Park and Main Street Cupertino's premier dining and retail destinations. Both properties feature P(CG, Res) zoning, permitting residential and commercial mixed-use development. Located within highly sought-after Cupertino school boundaries: Sedgwick Elementary, Hyde Middle, and Cupertino High School (buyer to verify). This rare offering provides developers, investors, and owner-users the opportunity to create high-value assets in one of Cupertino's most desirable neighborhoods. Parcels available for purchase individually or together.

Nearby schools

7/10
D. J. Sedgwick Elementary School
Public,•PK-5•0.5mi
7/10
Warren E. Hyde Middle School
Public,•6-8•0.9mi
9/10
Cupertino High School
Public,•9-12•0.4mi
Condition Rating
Tear down
The property was built in 1948 and the listing focuses on development potential, suggesting the existing structure is not a primary asset. Given the age and emphasis on redevelopment, it's likely the house requires demolition or extensive renovation, fitting the tear-down category. The description highlights the land's value for new construction rather than the existing home's condition.
Pros & Cons

Pros

Development Potential: Two adjacent parcels with P(CG, Res) zoning offer significant development potential for residential and commercial mixed-use projects.
Prime Location: Located in a highly desirable Silicon Valley location, minutes from Apple Park and Main Street Cupertino.
Excellent School District: Situated within the highly sought-after Cupertino school boundaries (Sedgwick Elementary, Hyde Middle, and Cupertino High School).
Large Lot Size: The combined lot size of 9375 sqft provides ample space for development or expansion.
Investment Opportunity: Presents a rare opportunity for developers, investors, and owner-users to create high-value assets in a prime Cupertino neighborhood.

Cons

Existing Structure Condition: The existing single-family residence, built in 1948 with 2 beds and 1 bath, may require significant renovation or demolition depending on development plans.
High List Price: The list price of $3,498,000 reflects the land value and development potential, which may limit the pool of potential buyers.
Uncertainty of Development Process: Navigating the development process, including permits and approvals, can be complex and time-consuming.

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