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1975 Meridian Avenue, San Jose, California 95125, San Jose, 95125 - 2 bed, 2 bath

1975 Meridian Avenue, San Jose, California 95125 home-pic-0
ACTIVE$1,398,000$1,312/sqft
Est. Value: $1,418,746
1%
FairlyEstimate
1975 Meridian Avenue, San Jose, California 95125
2Beds
2Baths
1,312Sqft
12,555Lot

Price Vs. Estimate

The estimated value ($1,418,745.72) is $20,745.72 (1%) lower than the list price ($1,398,000). This property may be overpriced.

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 = 12555, living area = 1312.
Top Cons:
Extensive Renovation Required: The property explicitly states it 'needs a lot of work,' indicating significant renovation costs and effort are necessary to bring it to modern standards.

Compared to the nearby listings

Price:$1.40M vs avg $1.90M ($-502,000)17%
Size:1,312 sqft vs avg 1,794 sqft19%
Price/sqft:$1.1K vs avg $1.1K45%

More Insights

Built in 1950 (76 years old).
Condition: The property, built in 1950, explicitly states it 'needs a lot of work' and that 'value is only in the land.' While HVAC/AC was updated in 2019 and the water heater is newer, the kitchen was last upgraded in 1990 (34 years ago) and is severely outdated with worn flooring and old appliances. The bathrooms are also extremely dated, featuring original or very old fixtures and tilework from the 1950s/60s, requiring complete renovation. The overall interior condition, including walls and light fixtures, shows significant wear and tear, indicating a need for substantial repairs and rehabilitation to meet modern living standards.
Year Built
1950
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$1,066
HOA
-
Days on market
-
Sold On
-
MLS number
ML82031246
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

Investors, Builders, Contractors or experienced property flippers: Property has amazing upside potential as it's located in prime neighborhood of multimillion dollar Willow Glen homes and prestigious Dry Creek Rd. Value is only in the land: amazing 12,555 sq.ft. lot. Explore rehab & home expansion, potential lot split or ADU possibilities (seller makes no representations). Beautifully landscaped front yard provides maximum privacy from the road and a U shaped paver driveway provides easy access. HVAC/AC in 2019. Newer water heater. Wall to Wall windows, cozy fireplace and recessed lighting in Living room and overlooks park like professionally landscaped backyard, with outdoor lighting (not sure if it works), fountain, beautiful foliage raised planting beds and fruit bearing citrus (orange, lemon,grapefruit). Kitchen was upgraded in 1990. Half bath in garage (not known if it's functional). Large enclosed patio room is perfect for parties and family get togethers. The home needs a lot of work, so is perfect for contractor, builder. Call your agent for more details.

S
Sheila Benson
Listing Agent

Nearby schools

4/10
Campbell Middle School
Public,•7-8•2.3mi
5/10
Del Mar High School
Public,•9-12•1.4mi
Condition Rating
Poor
The property, built in 1950, explicitly states it 'needs a lot of work' and that 'value is only in the land.' While HVAC/AC was updated in 2019 and the water heater is newer, the kitchen was last upgraded in 1990 (34 years ago) and is severely outdated with worn flooring and old appliances. The bathrooms are also extremely dated, featuring original or very old fixtures and tilework from the 1950s/60s, requiring complete renovation. The overall interior condition, including walls and light fixtures, shows significant wear and tear, indicating a need for substantial repairs and rehabilitation to meet modern living standards.
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 = 12555, living area = 1312.
Prime Location: Situated in a highly desirable neighborhood amidst multimillion-dollar Willow Glen homes and prestigious Dry Creek Rd, offering significant appreciation potential.
Generous Lot Size: An expansive 12,555 sq.ft. lot provides ample space for substantial home expansion, landscaping, or potential development.
Significant Development Potential: Offers clear opportunities for home expansion, potential lot split, or ADU (Accessory Dwelling Unit) development, appealing to investors and builders.
Recent Essential System Updates: HVAC/AC updated in 2019 and a newer water heater provide modern functionality for critical home systems.
Enhanced Curb Appeal & Privacy: Beautifully landscaped front yard ensures maximum privacy, complemented by a professionally landscaped backyard with mature fruit trees and a U-shaped paver driveway.

Cons

Extensive Renovation Required: The property explicitly states it 'needs a lot of work,' indicating significant renovation costs and effort are necessary to bring it to modern standards.
Outdated Interior Features: The kitchen was last upgraded in 1990, and other areas likely require modernization, necessitating a full interior overhaul.
Value Primarily in Land: The description highlights that 'value is only in the land,' suggesting the existing structure holds limited intrinsic value and may be a tear-down candidate for maximizing potential.
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