1372 Branham Lane 1, San Jose, California 95118, San Jose, 95118 - 2 bed, 1 bath
ACTIVE$468,000
1372 Branham Lane 1, San Jose, California 95118
2Beds
1Bath
810Sqft
3,358Lot
Price Vs. Estimate
The estimated value ($442,229.83) is $25,770.17 (5%) lower than the list price ($468,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Accessibility: The property is conveniently located in the desirable Cherry Plaza community, offering easy access to shopping centers and major freeways in San Jose.
Top Cons:
High Monthly Association Fee: A substantial monthly association fee of $495.0 significantly adds to the overall cost of ownership, which could be a deterrent for some buyers.
Compared to the nearby listings
Price:$468.0K vs avg $510.0K ($-42,000)10%
Size:810 sqft vs avg 804 sqft50%
Price/sqft:$578 vs avg $63420%
More Insights
Built in 1967 (58 years old).
Condition: Built in 1967, this property is aged but appears well-maintained with functional systems. The kitchen features updated white cabinets, granite-like countertops, and stainless steel appliances, suggesting a renovation within the last 15-20 years. However, the bathroom is notably dated with older tile, vanity, and shower door. Textured ceilings are present throughout, and the flooring is a mix of older tile and hardwood. While clean and move-in ready, it requires minor updates to bring the bathroom and overall aesthetic to a more contemporary standard, aligning with the 'Fair' condition criteria.
Year Built
1967
Close
-
List price
$468K
Original List price
$538K
Price/Sqft
$578
HOA
$495
Days on market
-
Sold On
-
MLS number
ML82018292
Home ConditionFair
Features
View-
About this home
Price adjustment! One story, Well kept unit like a townhome, in desirable Cherry Plaza community. Spacious living room/kitchen combo, Two bedrooms and 1 bathroom. Conveniently located close to shopping centers and major freeways.
Nearby schools
4/10
Almaden Elementary School
Public,•K-5•0.6mi
5/10
John Muir Middle School
Public,•6-8•0.3mi
7/10
Pioneer High School
Public,•9-12•0.9mi
Condition Rating
Fair
Built in 1967, this property is aged but appears well-maintained with functional systems. The kitchen features updated white cabinets, granite-like countertops, and stainless steel appliances, suggesting a renovation within the last 15-20 years. However, the bathroom is notably dated with older tile, vanity, and shower door. Textured ceilings are present throughout, and the flooring is a mix of older tile and hardwood. While clean and move-in ready, it requires minor updates to bring the bathroom and overall aesthetic to a more contemporary standard, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Prime Location & Accessibility: The property is conveniently located in the desirable Cherry Plaza community, offering easy access to shopping centers and major freeways in San Jose.
Desirable Layout: This one-story unit, described as 'like a townhome,' provides a comfortable and accessible living space, potentially offering more privacy than a traditional condominium.
Motivated Seller & Price Competitiveness: Multiple significant price adjustments from the original $538,000 to the current $468,000 indicate a motivated seller and increasing price competitiveness in the market.
Strong School Ratings: The property benefits from proximity to highly-rated public schools, including Pioneer High School (7), John Muir Middle School (5), and Almaden Elementary School (4), appealing to families.
Well-Kept Condition: Described as a 'Well kept unit,' suggesting the property has been maintained, potentially reducing immediate renovation costs for a new owner.
Cons
High Monthly Association Fee: A substantial monthly association fee of $495.0 significantly adds to the overall cost of ownership, which could be a deterrent for some buyers.
Age of Property: Built in 1967, the property is over 50 years old, which may raise concerns about aging infrastructure, systems, and potentially dated aesthetics requiring future updates or maintenance.
Overpriced Relative to Market Estimation: Despite recent price reductions, the current list price of $468,000 is still higher than the property's estimated value of $442,229.83, suggesting it may still be perceived as overvalued by the market.