20410 Thelma Avenue, Saratoga, California 95070, Saratoga, 95070 - 2 bed, 2 bath
ACTIVE$4,250,000
20410 Thelma Avenue, Saratoga, California 95070
2Beds
2Baths
1,646Sqft
15,246Lot
Price Vs. Estimate
The estimated value ($4,250,000) is $0 (0%) lower than the list price ($4,250,000). 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 = 15246, living area = 1646.
Top Cons:
Outdated Existing Structure: The 1948-built home (2 beds, 2 baths, 1646 sqft) is likely a tear-down candidate, requiring significant demolition and new construction costs rather than a simple renovation.
Compared to the nearby listings
Price:$4.25M vs avg $4.16M (+$87,500)52%
Size:1,646 sqft vs avg 2,647.5 sqft12%
Price/sqft:$2.6K vs avg $1.6K97%
More Insights
Built in 1948 (77 years old).
Condition: The property was built in 1948, making it over 50 years old. The listing description explicitly markets it as an 'Amazing Opportunity to Build Your Dream Home,' and the AI analysis confirms it's 'likely a tear-down candidate' where the 'value is based solely on the land.' The exterior image shows an aged structure with an old roof and general wear, consistent with a property that has not undergone major renovations in decades. Given the age and marketing, the kitchen and bathrooms are undoubtedly original or severely outdated, requiring complete replacement. The property's condition is beyond repair for modern living standards, and its value is in the land for redevelopment.
Year Built
1948
Close
-
List price
$4.25M
Original List price
$4.25M
Price/Sqft
$2,582
HOA
-
Days on market
-
Sold On
-
MLS number
ML82022308
Home ConditionTear down
Features
View-
About this home
Amazing Opportunity to Build Your Dream Home in the Golden Triangle. Award Winning Saratoga Schools!
Nearby schools
9/10
Argonaut Elementary School
Public,•K-5•0.4mi
9/10
Foothill Elementary School
Public,•K-5•0.4mi
8/10
Saratoga Elementary School
Public,•K-5•1.1mi
7/10
Country Lane Elementary School
Public,•K-5•2.8mi
9/10
Redwood Middle School
Public,•6-8•0.9mi
6/10
Moreland Middle School
Public,•6-8•2.9mi
10/10
Saratoga High School
Public,•9-12•0.3mi
7/10
Prospect High School
Public,•9-12•2.1mi
10/10
Los Gatos High School
Public,•9-12•4.5mi
Condition Rating
Tear down
The property was built in 1948, making it over 50 years old. The listing description explicitly markets it as an 'Amazing Opportunity to Build Your Dream Home,' and the AI analysis confirms it's 'likely a tear-down candidate' where the 'value is based solely on the land.' The exterior image shows an aged structure with an old roof and general wear, consistent with a property that has not undergone major renovations in decades. Given the age and marketing, the kitchen and bathrooms are undoubtedly original or severely outdated, requiring complete replacement. The property's condition is beyond repair for modern living standards, and its value is in the land for redevelopment.
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 = 15246, living area = 1646.
Great Schools: Elementary School: Foothill Elementary School (9/10). Middle School: Redwood Middle School (9/10). High School: Los Gatos High School (10/10).
Premium Location: Situated in Saratoga's highly coveted 'Golden Triangle,' offering prestige and desirability within a top-tier Silicon Valley community.
Exceptional School District: Access to award-winning Saratoga schools, including the top-rated Saratoga High School (10/10 rating, 0.29 miles away), a major draw for families.
Significant Development Potential: Explicitly marketed as an 'Amazing Opportunity to Build Your Dream Home,' indicating the primary value lies in the land for a custom new construction.
Generous Lot Size: A substantial 15,246 sqft (approx. 0.35 acres) lot provides ample space for a large custom residence, extensive landscaping, and potential amenities.
Strong Investment Value: The high list price for a property of this type in this location suggests robust land value and potential for significant appreciation post-development in a high-demand market.
Cons
Outdated Existing Structure: The 1948-built home (2 beds, 2 baths, 1646 sqft) is likely a tear-down candidate, requiring significant demolition and new construction costs rather than a simple renovation.
High Initial Investment: The $4.25M list price represents a substantial investment primarily for the land, with additional significant capital required for new construction, making the total project cost very high.
Limited Immediate Occupancy: The current structure's age and size suggest it is not suitable for immediate move-in without extensive renovation or a complete rebuild, targeting a niche buyer specifically looking for a new build project.