403 Mignot Lane, San Jose, California 95111, San Jose, 95111 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$1,285,000
403 Mignot Lane, San Jose, California 95111
3Beds
2Baths
1,215Sqft
10,351Lot
Price Vs. Estimate
The estimated value ($1,199,838.86) is $85,161.14 (6%) lower than the list price ($1,285,000). 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 = 10351, living area = 1215.
Top Cons:
Older Construction: Despite significant upgrades, the home's original construction year of 1959 may present potential concerns regarding underlying structural elements, older plumbing/electrical systems not fully updated, or a less open floor plan compared to newer builds.
Compared to the nearby listings
Price:$1.28M vs avg $1.10M (+$185,000)74%
Size:1,215 sqft vs avg 1,300 sqft22%
Price/sqft:$1.1K vs avg $82396%
More Insights
This property has been on the market for 87 days.
Built in 1959 (66 years old).
Condition: Despite being built in 1959, this property underwent extensive upgrades in 2018, including the kitchen, bathrooms, A/C, and ceiling insulation, with kitchen and bathroom fixtures recently refreshed. The images confirm a modern, move-in ready condition with updated Pergo laminate and tile flooring, recessed lighting, and stainless steel appliances. The 2018 renovation (6 years ago) places it firmly within the 'extensively renovated within 5 to 15 years' criteria for a 'Good' rating, indicating well-maintained systems and minimal wear and tear.
Year Built
1959
Close
-
List price
$1.28M
Original List price
$1.3M
Price/Sqft
$1,058
HOA
-
Days on market
87 Days
Sold On
2025-12-05
MLS number
ML82018818
Home ConditionGood
Features
Deck
Patio
View-
About this home
Welcome to 403 Mignot Lane! Beautifully maintained home on a quiet street, set on a generous 10,351 sq. ft. lot with potential for a lot split or ADUs. The kitchen, bathrooms, garage, A/C, and ceiling insulation were upgraded in 2018, with the kitchen and bathrooms recently refreshed with new fixtures. Inside, enjoy Pergo laminate flooring and recessed lighting move-in ready. Step outside to a private backyard retreat with a deck, covered patio, koi pond that adds to the homes good feng shui, wooden shed, and fruit trees including apple, fig, peach, persimmon, and passion fruit. Conveniently located near schools, parks, shopping, and freeway access, this home offers comfort today with huge potential for tomorrow. Grasp this amazing opportunity!
Condition Rating
Good
Despite being built in 1959, this property underwent extensive upgrades in 2018, including the kitchen, bathrooms, A/C, and ceiling insulation, with kitchen and bathroom fixtures recently refreshed. The images confirm a modern, move-in ready condition with updated Pergo laminate and tile flooring, recessed lighting, and stainless steel appliances. The 2018 renovation (6 years ago) places it firmly within the 'extensively renovated within 5 to 15 years' criteria for a 'Good' rating, indicating well-maintained systems and minimal wear and tear.
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 = 10351, living area = 1215.
Development Potential: The generous 10,351 sq. ft. lot offers significant potential for a lot split or the addition of Accessory Dwelling Units (ADUs), providing future value and flexibility for expansion or rental income.
Extensive Recent Upgrades: Key areas including the kitchen, bathrooms, garage, A/C, and ceiling insulation were upgraded in 2018 and recently refreshed, ensuring modern comfort and reducing immediate maintenance needs for a new owner.
Move-in Ready Condition: Featuring Pergo laminate flooring and recessed lighting throughout, the home is presented in a well-maintained, move-in ready state, appealing to buyers seeking immediate occupancy without major renovations.
Private Backyard Oasis: The property boasts a private backyard retreat complete with a deck, covered patio, a charming koi pond, a wooden shed, and mature fruit trees (apple, fig, peach, persimmon, passion fruit), enhancing outdoor living and lifestyle appeal.
Convenient Location: Situated on a quiet street, the home offers convenient access to essential amenities including schools, parks, shopping centers, and major freeways, making it desirable for families and commuters alike.
Cons
Older Construction: Despite significant upgrades, the home's original construction year of 1959 may present potential concerns regarding underlying structural elements, older plumbing/electrical systems not fully updated, or a less open floor plan compared to newer builds.
Modest Interior Square Footage: With 1215 sqft of living space on a large lot, the interior might be considered modest for some buyers, especially those seeking more expansive living areas or a larger home to match the generous outdoor space.
Extended Days on Market & Price Reduction: The property has been on the market for 87 days and has seen a recent price reduction from $1.299M to $1.285M, which could indicate initial overpricing or some market resistance, potentially requiring further strategic adjustments.