
Campbell, California 95008
This property presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well above the $1,443,408 Fair Market Value by -17%. While the pricing reflects a premium, the 7,200 sq. ft. oversized lot with rear alley access offers significant development upside. Featuring a Condition Rating of 4, the home requires modernization. The inclusion of a separate studio unit and potential Mills Act tax benefits make this a strategic value-add asset ideal for Buy-and-Hold Investors or custom home developers seeking a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 212 E Rincon Avenue Subject 2 bd · 1 ba · 1,084 sqft · $1,332 | $1,699,000* List Price | 2 | 1 | 1,084 | $1,332 | - |
A 670 W Rincon Avenue Sold 3 bd · 2 ba · 1,211 sqft · $1,263 · 0.8 mi | $1,530,000 | 3 | 2 | 1,211 | $1,263 | 0.8 mi |
B 1130 Normandy Dr Sold 2 bd · 1 ba · 1,235 sqft · $1,360 · 1.0 mi | $1,680,000 | 2 | 1 | 1,235 | $1,360 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1906, the property is offered 'As-Is' and features a kitchen and bathrooms that appear to be 20-30 years old. While functional and well-maintained for its age, the interior finishes, unpermitted square footage, and aged systems require modernization and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1084.
Situated just two blocks from vibrant Downtown Campbell, the property offers exceptional walkability to the Sunday Farmers Market, local dining, the Light Rail, and the Los Gatos Creek Trail.
The oversized 7,200 sq. ft. lot features rare rear alley access, providing a unique opportunity for ADU expansion, multi-generational living, or custom development in a high-demand Silicon Valley pocket.
The upstairs suite and separate studio are not included in the official square footage or bedroom/bathroom count, creating potential hurdles for financing and requiring the buyer to verify legalization status.
The property is being sold strictly in its current condition, which, given the 1906 construction date, likely implies significant deferred maintenance and the need for substantial renovation capital.
Positioned just two blocks from vibrant Downtown Campbell, this classic 1906 character home blends historic charm with unparalleled footprint potential.Rare oversized lot with highly coveted rear alley access, this is an exceptional canvas for primary residents, multi-generational families, or savvy Silicon Valley investors.Close to restaurants,Sunday Farmers Mkt, L.G. Creek Trail,New Library,Community Center,Light Rail & Freeway access.Timeless craftsmanship featuring a paneled parlor, open living area, large kitchen with pantry, laundry room, and two bedrooms with a Jack-and-Jill bath.Expansive upstairs room with an attached full bathroom, walk-in closets, and a private rear balcony perfect for a primary suite or playroom.Separate, self-contained studio unit featuring a full kitchen, full bathroom,and its own private yard space ideal for rental income or a quiet home office.Rear alley access opens immense possibilities for custom development or separate ADU expansion.May qualify for a Mills Act Contract, offering substantial property tax reductions.Offered strictly As-Is.Upstairs, studio, and outside work/play spaces are not included in the official square footage or bedroom/bathroom count. Buyer to verify all legalization and expansion potential with the City of Campbell.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.6 |
| Square foot | 1,084 | 1,880.182 |
| Lot Size | 7,200 | 7,039.545 |
| Price | $1.70M | $2.07M |
| Price per sq ft | $1.6K | $1.1K |
| Built year | 1906 | 1958 |
| HOA | $0 | $185 |
| Days on market | 56 | 50 |
Sep 19, 2026
$1,699,000
$1,750,000
-3% Price Drop
Initial Listing
Aug 29, 2026
$1,750,000
Initial Listing