
San Jose, California 95126
This property presents a Strong Value Opportunity with a List Price of $999,000—positioned well below the $1,066,386 Fair Market Value by 6%. This valuation gap offers $67,386 in Instant Equity for buyers capable of managing a comprehensive renovation. With a Condition Rating of 5, the home requires significant structural and system updates. Located in the prestigious Shasta/Hanchett Park neighborhood, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to capture value in a high-demand historic district.
Property is extensive renovation needed.
Built in 1914 with no recorded renovations in over 50 years. The listing explicitly states the property needs significant work, is sold 'as-is,' and will not qualify for conventional financing, indicating major safety, structural, or system defects requiring a full rehab.
Situated in the highly coveted Shasta/Hanchett Park neighborhood, the property is surrounded by multimillion-dollar residences and offers excellent walkability to The Alameda and Rose Garden amenities.
Priced under $1M in an area where neighboring homes routinely exceed $2M, this property presents a rare value-add opportunity for investors or buyers looking to build substantial equity through renovation.
The 7,000 sqft lot provides a substantial footprint for expansion or high-end landscaping, a premium feature for this historic urban pocket.
The property requires significant work and is being sold in 'as-is' condition, which will necessitate a large capital injection for repairs and modernization.
Due to its current condition, the home likely will not qualify for conventional financing, limiting the buyer pool to cash investors or those with specialized renovation loans.
Opportunity knocks in one of San Jose's most coveted historic pockets. Located in the prestigious Shasta/Hanchett Park neighborhood, this home sits on a 7,000 sqft lot among tree-lined streets and multimillion-dollar residences just minutes from downtown, The Alameda, and Santa Clara University. This is a rare chance to own in an area where homes routinely sell well over two million dollars. The property needs significant work and is being sold as is, and will likely not qualify for conventional financing, so cash or renovation financing is recommended. For the right buyer, that's exactly where the opportunity lives. The location speaks for itself: classic character, mature landscaping, and a walkable setting close to Rose Garden shops, restaurants, and some of the city's most beautiful streetscapes. Properties in Shasta/Hanchett Park don't come available often, and value like this is even harder to find. Buyer to verify any historic district guidelines with the City of San Jose.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,504 | 1,706.046 |
| Lot Size | 7,000 | 6,261.966 |
| Price | $999.0K | $1.68M |
| Price per sq ft | $664 | $979 |
| Built year | 1914 | 1965 |
| HOA | $0 | $200 |
| Days on market | 44 | 37 |
Jul 27, 2026
$999,000
Initial Listing
Dec 23, 2022
$215,000
Public Record