3014 Florence Avenue, San Jose, California 95127, San Jose, 95127 - 7 bed, 5 bath
ACTIVE$1,650,000
3014 Florence Avenue, San Jose, California 95127
7Beds
5Baths
1,620Sqft
17,580Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Massive Lot & Development Potential: The property boasts a massive, deep, and private 17,580 sq. ft. lot, offering significant space for expansion, an oversized garage, or the potential to add another unit (ADU), subject to permits.
Top Cons:
Permit Dependency for Development: The significant potential for adding units or an oversized garage is 'all subject to permits,' which can introduce additional costs, time, and uncertainty to the development process.
Compared to the nearby listings
Price:$1.65M vs avg $1.06M (+$585,000)87%
Size:1,620 sqft vs avg 1,388 sqft63%
Price/sqft:$1.0K vs avg $80386%
More Insights
Built in 1991 (34 years old).
Condition: The property, built in 1991, has been recently renovated, as stated in the description, and features brand new central A/C. The main kitchen is updated with white shaker cabinets, dark countertops, stainless steel appliances, and recessed lighting. All visible bathrooms have also been recently updated with modern subway tile showers and contemporary fixtures. While some flooring (terracotta-style tile) and the more basic kitchens in the additional units are not high-end, the overall condition is move-in ready with no immediate renovations required, and major systems are functional and updated. This aligns well with the 'Good' score criteria.
Year Built
1991
Close
-
List price
$1.65M
Original List price
$1.75M
Price/Sqft
$1,019
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017372
Home ConditionGood
Features
Patio
View-
About this home
AMAZING Investment Opportunity! Spacious, Move in READY 4 Bedroom / 2 Bath 1620 sq. ft. Home on a Massive Lot! Welcome to a one-of-a-kind property, offering immense potential and space! Located on a deep and private lot, this property boasts multiple possible income streams or the perfect setup for a large family. Single Family 4 bed/ 2 bath Built in 1991, this spacious home features brand new central A/C, a perfect blend of comfort and modern convenience. This recently renovated home includes an expansive attic with high ceilings ready for your imagination! Ample space for cars, RVs, or trailers. Endless Possibilities with the Workshop/Storage: This area offers the opportunity to build an oversized garage or even the possibility of adding another unit (all subject to permits). Bart expansion in process! Envision the endless possibilities this private, deep lot offers. Don't miss the opportunity to make this unique property yours!
Condition Rating
Good
The property, built in 1991, has been recently renovated, as stated in the description, and features brand new central A/C. The main kitchen is updated with white shaker cabinets, dark countertops, stainless steel appliances, and recessed lighting. All visible bathrooms have also been recently updated with modern subway tile showers and contemporary fixtures. While some flooring (terracotta-style tile) and the more basic kitchens in the additional units are not high-end, the overall condition is move-in ready with no immediate renovations required, and major systems are functional and updated. This aligns well with the 'Good' score criteria.
Pros & Cons
Pros
Massive Lot & Development Potential: The property boasts a massive, deep, and private 17,580 sq. ft. lot, offering significant space for expansion, an oversized garage, or the potential to add another unit (ADU), subject to permits.
Investment & Income Opportunity: Explicitly marketed as an 'AMAZING Investment Opportunity' with 'multiple possible income streams,' making it attractive for investors or multi-generational living.
Move-in Ready & Recent Upgrades: The home is described as 'Move in READY' and 'recently renovated,' featuring brand new central A/C, ensuring immediate comfort and reduced initial maintenance for buyers.
Future Expansion & Customization: Includes an expansive attic with high ceilings 'ready for your imagination' and a workshop/storage area, providing clear opportunities for future customization and value addition.
Future Infrastructure & Accessibility: The ongoing Bart expansion in the area suggests potential for improved public transportation access and future appreciation in property value.
Cons
Permit Dependency for Development: The significant potential for adding units or an oversized garage is 'all subject to permits,' which can introduce additional costs, time, and uncertainty to the development process.
Price Reduction History: The property has undergone a recent price reduction from $1,749,500 to $1,650,000, which might indicate initial overpricing or a need for market adjustment.
Unfinished Potential Areas: While the attic and workshop offer 'endless possibilities,' they are presented as unfinished spaces requiring substantial further investment and effort from the buyer to realize their full potential.