2925 Florence Avenue 67, San Jose, California 95127, San Jose, 95127 - 3 bed, 2 bath
ACTIVE$500,000
2925 Florence Avenue 67, San Jose, California 95127
3Beds
2Baths
960Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Affordability & Market Positioning: Positioned as the 'most affordable 3-bedroom condo in San Jose,' making it an attractive entry point for first-time buyers or a solid investment opportunity.
Top Cons:
High Monthly HOA Dues: A substantial monthly HOA fee of $540, even with inclusions, can significantly impact overall affordability and buyer qualification.
Compared to the nearby listings
Price:$500.0K vs avg $402.5K (+$97,500)75%
Size:960 sqft vs avg 825.5 sqft75%
Price/sqft:$521 vs avg $50850%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this property is 60 years old. While it features updated wood laminate flooring and some newer appliances (range, stacked washer/dryer), the kitchen and bathroom are significantly outdated and show considerable wear. The kitchen has very old wood cabinets, dated tiled countertops, and an older refrigerator. The bathroom vanity and sink are worn and appear to be original or from a very old renovation, requiring full replacement. The property has popcorn ceilings. These critical areas would require substantial renovation and rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
Year Built
1964
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$521
HOA
$540
Days on market
-
Sold On
-
MLS number
ML82012550
Home ConditionPoor
Features
View-
About this home
Welcome to the most affordable 3 bedroom condo in San Jose. Great 1st time buyer or investor opportunity. 3 bedrooms and 1.5 bathroom. Wood laminate flooring, half bath downstairs, ample storage, sliding door, private backyard. HOA covers cable, water, garbage, and common areas maintenance. Walking distance to VTA, Light Rail Station and shopping plaza, easy access to 280 and 680.
Nearby schools
5/10
Lyndale Elementary School
Public,•K-5•0.3mi
4/10
William Sheppard Middle School
Public,•6-8•1.1mi
4/10
James Lick High School
Public,•9-12•0.4mi
Condition Rating
Poor
Built in 1964, this property is 60 years old. While it features updated wood laminate flooring and some newer appliances (range, stacked washer/dryer), the kitchen and bathroom are significantly outdated and show considerable wear. The kitchen has very old wood cabinets, dated tiled countertops, and an older refrigerator. The bathroom vanity and sink are worn and appear to be original or from a very old renovation, requiring full replacement. The property has popcorn ceilings. These critical areas would require substantial renovation and rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Affordability & Market Positioning: Positioned as the 'most affordable 3-bedroom condo in San Jose,' making it an attractive entry point for first-time buyers or a solid investment opportunity.
Comprehensive HOA Coverage: The HOA fee includes essential services like cable, water, garbage, and common area maintenance, simplifying budgeting and reducing recurring out-of-pocket expenses.
Prime Commuter Location: Excellent connectivity with walking distance to VTA and Light Rail stations, plus easy access to major freeways (280 and 680), ideal for commuters.
Desirable Outdoor Space: Features a private backyard, a valuable and sought-after amenity for condo living, offering personal outdoor relaxation or entertainment space.
Functional Interior Features: Includes practical elements such as wood laminate flooring, a convenient half-bath downstairs, and ample storage, enhancing daily living.
Cons
High Monthly HOA Dues: A substantial monthly HOA fee of $540, even with inclusions, can significantly impact overall affordability and buyer qualification.
Older Building Age: Built in 1964, the property is over 50 years old, which may imply potential for aging infrastructure, systems, or a need for future renovations to meet modern standards.
Compact Living Space: With 960 sqft for 3 bedrooms, the living areas are relatively compact, which might feel cramped for larger families or those desiring more spacious accommodations.