395 S 13th Street, San Jose, California 95112, San Jose, 95112 - 5 bed, 4 bath
ACTIVE$1,495,915
395 S 13th Street, San Jose, California 95112
5Beds
4Baths
2,037Sqft
9,148Lot
Price Vs. Estimate
The estimated value ($1,214,274.935) is $281,640.065 (18%) lower than the list price ($1,495,915). This property may be overpriced.
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 = 9148, living area = 2037.
Top Cons:
Extensive Renovation Required: The property is described as the 'worst house on best block,' indicating a need for comprehensive and costly renovation to bring it to modern standards.
Compared to the nearby listings
Price:$1.50M vs avg $1.20M (+$295,915)74%
Size:2,037 sqft vs avg 1,430.5 sqft82%
Price/sqft:$734 vs avg $83132%
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this property is explicitly marketed as an 'Investor Special' and the 'worst house on best block,' requiring a 'BIG PROJECT' and 'Extensive Renovation.' While one bathroom has a somewhat updated vanity and an attic room has newer laminate flooring, the overall condition, including worn carpets and a very dated second bathroom, indicates substantial repairs and rehabilitation are needed. The detached structure is noted as a 'tear down.' The absence of kitchen images, combined with the overall description, suggests it is also in poor condition. This property is far from move-in ready and requires significant investment to bring it to modern standards.
Year Built
1920
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$734
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025787
Home ConditionPoor
Features
Deck
Patio
ViewNeighborhood
About this home
Investor Special!! Oversized 9,513SF Corner Lot = Potential!! Add a 1,200 SF 3Bed/2.5 bath ADU with 400SF 2 car attached garage and San Salvador St access, then sell off separately??, add dormers to upstairs of main house for additional SF, then renovate worst house on best block, add 2 car garage with 13th St access (check for potential ADU above new garage). Potentially have a fully renovated 2,800ish SF main house with new 2 car garage (and ADU above) along with 1,200 SF 3Bed /2.5Bath ADU with 400 SF garage that can be sold separately. BIG PROJECT WITH POTENTIAL BIG RETURN. Detached structure is a tear down/temporary storage at best. Value is in lot size, location (Naglee Park/corner lot) and Potential for development and improvement.
Nearby schools
2/10
Selma Olinder Elementary School
Public,•K-5•0.4mi
3/10
Lowell Elementary School
Public,•K-5•0.5mi
4/10
Horace Mann Elementary School
Public,•K-5•0.7mi
4/10
Peter Burnett Middle School
Public,•6-8•1.9mi
3/10
San Jose High School
Public,•9-12•1.0mi
Condition Rating
Poor
Built in 1920, this property is explicitly marketed as an 'Investor Special' and the 'worst house on best block,' requiring a 'BIG PROJECT' and 'Extensive Renovation.' While one bathroom has a somewhat updated vanity and an attic room has newer laminate flooring, the overall condition, including worn carpets and a very dated second bathroom, indicates substantial repairs and rehabilitation are needed. The detached structure is noted as a 'tear down.' The absence of kitchen images, combined with the overall description, suggests it is also in poor condition. This property is far from move-in ready and requires significant investment to bring it to modern 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 = 9148, living area = 2037.
Exceptional Development Potential: The property offers significant potential for adding multiple ADUs (Accessory Dwelling Units) and expanding the main house, allowing for multiple income streams or separate sales.
Oversized Corner Lot: A large, 9,513 sqft corner lot provides ample space and flexibility for extensive development and landscaping in a desirable area.
Prime Naglee Park Location: Situated in the highly desirable Naglee Park neighborhood of San Jose, known for its established community and strong market value.
High Return on Investment (ROI) Potential: Explicitly marketed as an 'Investor Special' with the promise of a 'BIG RETURN' after renovation and development, appealing to savvy investors.
Substantial Existing Footprint: The main house, despite its condition, offers a generous 2,037 sqft with 5 beds and 4 baths, providing a solid foundation for a high-value renovation.
Cons
Extensive Renovation Required: The property is described as the 'worst house on best block,' indicating a need for comprehensive and costly renovation to bring it to modern standards.
Significant Project Scope & Investment: This is a 'BIG PROJECT' requiring substantial financial capital, time, and effort for demolition, construction, and renovation, including the tear-down of the detached structure.
Above Estimated Market Value: The listing price is 7% higher than the current property estimation, suggesting the buyer is paying a premium for the development potential rather than the current condition.