327 Martha Street, San Jose, California 95112, San Jose, 95112 - 3 bed, 1 bath
ACTIVE$888,800
327 Martha Street, San Jose, California 95112
3Beds
1Bath
925Sqft
4,416Lot
Price Vs. Estimate
The estimated value ($828,542.615) is $60,257.385 (6%) lower than the list price ($888,800). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Development Potential: The property description explicitly states 'Ideal ADU to be built on the back of the property,' offering a significant opportunity for value-add, additional income, or multi-generational living.
Top Cons:
Advanced Age & Potential Systemic Issues: Built in 1901, the property's age suggests potential for outdated infrastructure (plumbing, electrical, foundation) and associated high maintenance costs, as well as possible lead paint or asbestos concerns, despite a past remodel.
Compared to the nearby listings
Price:$888.8K vs avg $1.20M ($-306,200)18%
Size:925 sqft vs avg 1,414.5 sqft18%
Price/sqft:$961 vs avg $86361%
More Insights
Built in 1901 (124 years old).
Condition: Built in 1901, this property's age is a significant factor. While the interior was reportedly remodeled 12 years ago, the visible condition of the kitchen (dated cabinets, old white appliances, worn flooring, washer/dryer in kitchen) and the extremely poor exterior (peeling paint, unkempt appearance) suggest that this remodel was either superficial, of low quality, or has deteriorated significantly. The property requires substantial repairs and rehabilitation to meet modern living standards and appeal. The seller's admission of not having been inside the property for an extended period raises concerns about potential undisclosed issues with major systems (plumbing, electrical, foundation) typical of a 1901 build, pushing it beyond 'Fair' condition where only minor updates are needed.
Year Built
1901
Close
-
List price
$889K
Original List price
$889K
Price/Sqft
$961
HOA
-
Days on market
-
Sold On
-
MLS number
ML82012835
Home ConditionPoor
Features
View-
About this home
Ideal ADU to be built on the back of the property. The interior of the house was remodeled 12 years ago. It has 3 bedrooms, 1 bath and a living room. Washer and dryer located in the kitchen. It has been rented without vacancy. Seller has not been inside of the property. Tenant will be vacated in 60 days.
Condition Rating
Poor
Built in 1901, this property's age is a significant factor. While the interior was reportedly remodeled 12 years ago, the visible condition of the kitchen (dated cabinets, old white appliances, worn flooring, washer/dryer in kitchen) and the extremely poor exterior (peeling paint, unkempt appearance) suggest that this remodel was either superficial, of low quality, or has deteriorated significantly. The property requires substantial repairs and rehabilitation to meet modern living standards and appeal. The seller's admission of not having been inside the property for an extended period raises concerns about potential undisclosed issues with major systems (plumbing, electrical, foundation) typical of a 1901 build, pushing it beyond 'Fair' condition where only minor updates are needed.
Pros & Cons
Pros
ADU Development Potential: The property description explicitly states 'Ideal ADU to be built on the back of the property,' offering a significant opportunity for value-add, additional income, or multi-generational living.
Consistent Rental Income: With a history of being 'rented without vacancy,' this property demonstrates strong income-generating potential, making it attractive to investors.
Prime San Jose Location: Located in San Jose, California, the property benefits from being in a highly desirable and appreciating real estate market with strong demand.
Vacant Possession: The tenant will be vacating in 60 days, providing the buyer with the flexibility to either occupy the home immediately or implement their own rental strategy without existing tenant complications.
Recent Interior Remodel: The interior was remodeled 12 years ago, indicating that the living spaces have been updated from their original 1901 condition, offering a more modern and functional environment.
Cons
Advanced Age & Potential Systemic Issues: Built in 1901, the property's age suggests potential for outdated infrastructure (plumbing, electrical, foundation) and associated high maintenance costs, as well as possible lead paint or asbestos concerns, despite a past remodel.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property presents a significant functional limitation, particularly for families or multiple occupants, impacting daily convenience and market appeal.
Seller's Lack of Property Knowledge: The seller's admission of not having been inside the property raises concerns about potential undisclosed issues, limits the availability of comprehensive disclosures, and increases buyer risk regarding the property's true condition.