2929 Kring Drive, San Jose, California 95125, San Jose, 95125 - 3 bed, 2 bath
2929 Kring Drive
San Jose, California 95125
Property Price
SUMMARY
Analysis of 2929 Kring Drive, San Jose, California 95125 reveals a Fairly Priced Property with a current list price of $1,875,000 aligned with the estimated $1,875,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2929 Kring Drive Subject | $1,875,000* List Price | 3 | 2 | 1,824 | $1,028 | - |
A 2986 Aulin Drive Sold | $1,800,000 | 3 | 2 | 1,613 | $1,116 | 0.3 mi |
B 1603 Husted Avenue Sold | $2,100,000 | 3 | 2 | 1,664 | $1,262 | 0.6 mi |
C 2326 Fairglen Drive Sold | $1,900,000 | 4 | 2 | 1,672 | $1,136 | 0.8 mi |
D 2991 Gardendale Drive Sold | $2,050,000 | 3 | 2 | 1,536 | $1,335 | 0.4 mi |
E 903 Lanewood Dr Sold | $1,548,000 | 4 | 2 | 1,572 | $985 | 0.9 mi |
F 1592 Wawona Drive Pending | $1,850,000 List Price | 3 | 3 | 1,913 | $967 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1954, making it 70 years old. While the exterior appears well-maintained with updated paint, windows, and a good roof, there are no interior images provided to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical interior components. Given its age and the absence of visual evidence of recent major renovations, it's highly probable that the interior, particularly the kitchen and bathrooms, would require updates to meet current styles and modern standards, even if functional. Therefore, it falls into the 'Fair' category, suggesting it's aged but maintained, likely needing minor to moderate interior updates.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location
Situated in San Jose, a highly sought-after and competitive market, offering strong appreciation potential and access to amenities.
- Generous Lot Size
The 7,995 sqft lot provides ample outdoor space, offering potential for landscaping, expansion, or the addition of an Accessory Dwelling Unit (ADU).
- Property Type
As a single-family residence, it represents the most in-demand property type in the market, appealing to a broad range of buyers.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1954, the home may require significant updates to its systems (e.g., electrical, plumbing, HVAC) and aesthetics to meet modern buyer expectations, incurring additional costs.
- Extended Market Time
Having been on the market since September 2023, its prolonged listing period could suggest overpricing or perceived issues, potentially deterring buyers or leading to lower offers.
- High Price Point
The $1.875 million list price, while reflective of the San Jose market, positions it at a premium, potentially limiting the pool of prospective buyers.
About 2929 Kring Drive
Exceptional opportunity in San Jose. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,995 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Schallenberger Elementary School
Grades K-5 • 0.4 mi
Willow Glen Middle School
Grades 6-8 • 1.1 mi
Willow Glen High School
Grades 9-12 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,824 | 1,722 | 59% |
| Lot Size | 7,995 | 6,812 | 75% |
| Price | $1.88M | $1.90M | 47% |
| Price per sq ft | $1.0K | $1.1K | 31% |
| Built year | 1954 | 1952 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 897 | 157 | 0% |
Pricing History
Listed for Sale
Sep 22, 2023
$1,875,000
Initial Listing