2997 Tobin Drive, San Jose, California 95132, San Jose, 95132 - 3 bed, 2 bath
ACTIVE$1,549,000
2997 Tobin Drive, San Jose, California 95132
3Beds
2Baths
1,610Sqft
7,200Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $1,549,000.
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 = 7200, living area = 1610.
Top Cons:
Property Age & System Updates: Built in 1971, the home is over 50 years old, which may imply the need for updates to major systems (e.g., HVAC, plumbing, electrical) that are not explicitly mentioned as recently renovated.
Compared to the nearby listings
Price:$1.55M vs avg $1.63M ($-83,500)38%
Size:1,610 sqft vs avg 1,630 sqft45%
Price/sqft:$962 vs avg $98343%
More Insights
Built in 1971 (54 years old).
Condition: Built in 1971, this property is over 50 years old. While it features recent cosmetic updates such as elegant luxury vinyl plank flooring, fresh paint, and recessed lighting in the living areas, the kitchen remains significantly dated with original or very old white cabinets, laminate countertops, and a mix of appliances (some newer, some older). The bathrooms are clean and functional but basic, not fully renovated. The exposed wood beam ceilings and brick accents, while charming to some, also reflect the home's original era. The listing description itself hints at the potential to 'enhance the existing home or start anew,' suggesting that the current structure may require substantial renovation to meet modern buyer expectations. Major systems (HVAC, plumbing, electrical) are likely original or nearing the end of their lifespan, as is common for a home of this age without explicit renovation details. Therefore, the property is well-maintained and livable but requires significant updates, particularly in the kitchen, to align with contemporary standards.
Year Built
1971
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
$962
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026752
Home ConditionFair
Features
Patio
View-
About this home
Welcome to this charming single-level home offering 1,610 sq. ft. of living space on a generous 7,200 sq. ft. corner lot. Step inside to discover elegant luxury vinyl plank flooring, a vaulted living room with recessed lighting, and two cozy fireplaces that create a warm and inviting ambiance. The spacious layout includes three bedrooms and a large backyard with a lovely fruit tree ideal for relaxing or entertaining. Whether youre looking to enhance the existing home or start anew, this property provides the perfect opportunity to bring your vision to life and build your dream residence.
Condition Rating
Fair
Built in 1971, this property is over 50 years old. While it features recent cosmetic updates such as elegant luxury vinyl plank flooring, fresh paint, and recessed lighting in the living areas, the kitchen remains significantly dated with original or very old white cabinets, laminate countertops, and a mix of appliances (some newer, some older). The bathrooms are clean and functional but basic, not fully renovated. The exposed wood beam ceilings and brick accents, while charming to some, also reflect the home's original era. The listing description itself hints at the potential to 'enhance the existing home or start anew,' suggesting that the current structure may require substantial renovation to meet modern buyer expectations. Major systems (HVAC, plumbing, electrical) are likely original or nearing the end of their lifespan, as is common for a home of this age without explicit renovation details. Therefore, the property is well-maintained and livable but requires significant updates, particularly in the kitchen, to align with contemporary 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 = 7200, living area = 1610.
Generous Corner Lot: The property boasts a substantial 7,200 sq. ft. corner lot, offering enhanced privacy, greater outdoor space, and potential for future expansion or landscaping.
Single-Level Layout: Its single-level design provides desirable accessibility and ease of living, appealing to a wide range of buyers including families and those seeking convenience.
Modern Interior Features: Recent updates such as elegant luxury vinyl plank flooring, a vaulted living room with recessed lighting, and two cozy fireplaces contribute to a modern and inviting ambiance.
Desirable Outdoor Space: A large backyard featuring a lovely fruit tree offers excellent potential for relaxation, entertaining, and creating a personalized outdoor oasis.
Development Potential: The description explicitly highlights the opportunity to 'enhance the existing home or start anew,' indicating significant value in the land and flexibility for extensive customization or redevelopment.
Cons
Property Age & System Updates: Built in 1971, the home is over 50 years old, which may imply the need for updates to major systems (e.g., HVAC, plumbing, electrical) that are not explicitly mentioned as recently renovated.
Implied Renovation/Rebuild Investment: The phrasing 'bring your vision to life and build your dream residence' suggests the current structure might require substantial renovation or even a complete rebuild to meet modern buyer expectations, implying a higher total investment.
Recent Price Reduction: A recent price drop from $1,600,000 to $1,549,000 could indicate an initial overvaluation or a struggle to attract offers at the original price point, potentially signaling market resistance.