397 S Park Victoria Drive, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 2 bath
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Milpitas, California 95035
Analysis of 397 S Park Victoria Drive, Milpitas, California 95035 is currently available with a list price of $1,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Milpitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1966, the property features some functional updates like central A/C, double-paned windows, and a partially modernized bathroom. However, the interior remains dated with popcorn ceilings and older laminate flooring, and the unpermitted status of the second kitchen conversion suggests a need for minor repairs or permit resolution.
The property is situated in an excellent Milpitas location with convenient proximity to schools, shopping, and restaurants, offering easy access to all major freeways for commuters.
The home features a spacious, bright floor plan with significant additions, including a permitted extra bedroom and third bathroom, plus a second kitchen, providing multi-generational living potential.
A large backyard and a substantial side yard that accommodates parking for two additional vehicles offer rare utility and outdoor versatility for a residential lot.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6283, other record living area = 1517.
The conversion of the family room into a second kitchen has an unknown permit status, which could pose risks for future compliance or financing requirements.
A significant price reduction from the original list price suggests the property may have faced challenges with its initial market positioning or valuation.
200K . Price reduction. Welcome to 397 S. Park Victoria Dr. Milpitas . Excellent location. Near school ,restaurants. Church and groceries market , Easy to access to all major freeways Spacious floor plan. Bright and Airy. Double paned window. Central A/C. New interior paint. family room converted to a 2nd kitchen permit unknown , Seller added on another bedroom and 3rd bathroom plus 2nd kitchen with permited. Large back yard .Large side yard can park 2 cars. Good for rent or Ab&bnb Escrow with Fidelity National Title. Escrow #FSBC-4032500530-PD
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 6,283 | 1,860 |
| Lot Size | 6,283 | 4,515 |
| Price | $1.50M | $1.65M |
| Price per sq ft | $239 | $931 |
| Built year | 1966 | 1977 |
| HOA | $0 | $188 |
| Days on market | 161 | 33 |
Jun 23, 2026
$1,500,000
$1,600,000
-6% Price Drop
Initial Listing
Apr 23, 2026
$1,600,000
$1,700,999
-6% Price Drop
Initial Listing
Feb 11, 2026
$1,700,999
Initial Listing