3108 Kermath Drive, San Jose, California 95132, San Jose, 95132 - 3 bed, 2 bath
ACTIVE$1,525,000
3108 Kermath Drive, San Jose, California 95132
3Beds
2Baths
1,577Sqft
6,090Lot
Price Vs. Estimate
The estimated value ($1,431,070.245) is $93,929.755 (6%) lower than the list price ($1,525,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Located in San Jose, California, a highly desirable and economically robust market known for strong appreciation potential and access to major tech employers.
Top Cons:
Age of Property: Built in 1970, the property is over 50 years old, which may imply outdated systems (e.g., plumbing, electrical) or finishes requiring significant renovation to meet modern standards.
Compared to the nearby listings
Price:$1.52M vs avg $1.63M ($-107,500)36%
Size:1,577 sqft vs avg 1,630 sqft43%
Price/sqft:$967 vs avg $98345%
More Insights
Built in 1970 (55 years old).
Condition: The property was built in 1970, making it 54 years old. There is no information provided about any major renovations. The property analysis explicitly states that its age 'may imply outdated systems (e.g., plumbing, electrical) or finishes requiring significant renovation to meet modern standards.' Without any visual evidence of the property itself (the image provided is an aerial view of the surrounding area) or details of recent updates, and given the age and the likely need for substantial rehabilitation of systems and finishes, the condition is assessed as 'Poor'.
Year Built
1970
Close
-
List price
$1.52M
Original List price
$1.6M
Price/Sqft
$967
HOA
-
Days on market
-
Sold On
-
MLS number
ML82019417
Home ConditionPoor
Features
Good View:
View-
About this home
Condition Rating
Poor
The property was built in 1970, making it 54 years old. There is no information provided about any major renovations. The property analysis explicitly states that its age 'may imply outdated systems (e.g., plumbing, electrical) or finishes requiring significant renovation to meet modern standards.' Without any visual evidence of the property itself (the image provided is an aerial view of the surrounding area) or details of recent updates, and given the age and the likely need for substantial rehabilitation of systems and finishes, the condition is assessed as 'Poor'.
Pros & Cons
Pros
Prime Location: Located in San Jose, California, a highly desirable and economically robust market known for strong appreciation potential and access to major tech employers.
Desirable Property Type: As a Single Family Residence, the property offers privacy, a dedicated yard, and generally higher demand compared to other residential types.
Generous Lot Size: The 6090 sqft lot provides ample outdoor space for recreation, gardening, or potential future expansion, a valuable asset in urban areas.
Practical Layout: With 3 bedrooms and 2 bathrooms, the home offers a functional and appealing configuration suitable for families or individuals seeking comfortable living space.
Recent Price Adjustment: The recent price reduction from $1.599M to $1.525M indicates seller motivation and could present a more attractive entry point for potential buyers.
Cons
Age of Property: Built in 1970, the property is over 50 years old, which may imply outdated systems (e.g., plumbing, electrical) or finishes requiring significant renovation to meet modern standards.
Overpriced Relative to Estimation: The current listing price of $1.525M is 6% higher than the estimated market value of $1.431M, potentially making it less competitive in the current market.
Vague Area/School Information: The 'Not Defined' MLS area and 'Other' high school district lack specific details often crucial for buyers in competitive markets, potentially hindering appeal without further investigation.