14570 Wyrick Avenue, San Jose, California 95124, San Jose, 95124 - 2 bed, 1 bath
ACTIVE$3,300,000
14570 Wyrick Avenue, San Jose, California 95124
2Beds
1Bath
630Sqft
10,750Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10750, living area = 630.
Top Cons:
Minimal Value of Existing Structure: The current 1952-built, 630 sq ft home offers little to no intrinsic value for the intended development, likely requiring demolition and incurring associated costs.
Compared to the nearby listings
Price:$3.30M vs avg $2.05M (+$1,250,000)97%
Size:630 sqft vs avg 1,574 sqft1%
Price/sqft:$5.2K vs avg $1.2K99%
More Insights
Built in 1952 (73 years old).
Condition: The property, built in 1952, is explicitly marketed as a 'Developers Best Choice' with its value based on the land and potential for redevelopment. The listing states the existing 630 sq ft home offers 'little to no intrinsic value' and is 'likely requiring demolition.' While the kitchen shows some recent cosmetic updates (cabinets, flooring, paint, range hood), the appliances are outdated, and the overall structure is 72 years old with no indication of major system renovations. The property's primary purpose, as highlighted in the description, is for demolition to facilitate new construction on two separate parcels, aligning perfectly with the 'tear-down' criteria where value is solely based on the land.
Year Built
1952
Close
-
List price
$3.3M
Original List price
$3.3M
Price/Sqft
$5,238
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025513
Home ConditionTear down
Features
Patio
View-
About this home
Developers Best Choice - secure two fully buildable lots! The tentative map for SB9 has already been approved. Construction work to split the existing lotby opening the property line through the middle of the current houseis expected to be completed in about one month. Once finished, the tentative map can be officially recorded, creating two separate parcels. The buyer will ultimately own two fully buildable lots. Additionally, the building permit for new construction (approx. 2,400 sq ft, 5 bed / 4 bath) on one of the lots has already been submitted, saving valuable time and leaving plenty of profit on the table.
Nearby schools
8/10
Oster Elementary School
Public,•K-5•0.2mi
9/10
Carlton Elementary School
Public,•K-5•1.4mi
9/10
Union Middle School
Public,•6-8•1.1mi
7/10
Dartmouth Middle School
Public,•6-8•1.9mi
8/10
Leigh High School
Public,•9-12•0.9mi
8/10
Branham High School
Public,•9-12•1.3mi
Condition Rating
Tear down
The property, built in 1952, is explicitly marketed as a 'Developers Best Choice' with its value based on the land and potential for redevelopment. The listing states the existing 630 sq ft home offers 'little to no intrinsic value' and is 'likely requiring demolition.' While the kitchen shows some recent cosmetic updates (cabinets, flooring, paint, range hood), the appliances are outdated, and the overall structure is 72 years old with no indication of major system renovations. The property's primary purpose, as highlighted in the description, is for demolition to facilitate new construction on two separate parcels, aligning perfectly with the 'tear-down' criteria where value is solely based on the land.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10750, living area = 630.
Great Schools: Elementary School: Carlton Elementary School (9/10). Middle School: Union Middle School (9/10).
Approved SB9 Subdivision: Tentative map for SB9 approval is secured, allowing for the creation of two fully buildable separate parcels, a significant value-add in a high-demand market.
Advanced Development Stage: Building permit for a substantial new construction (approx. 2,400 sq ft, 5 bed/4 bath) on one lot has already been submitted, drastically reducing development timelines and associated risks.
Prime San Jose Location: Situated in a highly desirable San Jose neighborhood (95124), ensuring strong future demand and appreciation for the developed properties.
High Profit Potential: The property is explicitly positioned as a 'Developers Best Choice' with 'plenty of profit on the table,' indicating a robust return on investment opportunity.
Top-Rated School Access: Proximity to highly-rated elementary, middle, and high schools (ratings 8-9) will significantly enhance the marketability and value of the future homes.
Cons
Minimal Value of Existing Structure: The current 1952-built, 630 sq ft home offers little to no intrinsic value for the intended development, likely requiring demolition and incurring associated costs.
Substantial Upfront Capital: The $3.3 million list price represents a significant initial investment, potentially narrowing the buyer pool to well-capitalized developers or investors.
Pending Lot Split Completion: While in progress, the official recording of two separate parcels is still pending the completion of construction work to split the existing lot, introducing a minor procedural contingency.