434 Mignot Lane, San Jose, California 95111, San Jose, 95111 - 4 bed, 2 bath
ACTIVE$998,888$1,215/sqft
Est. Value: $954,741
-4%
AboveEstimate
434 Mignot Lane, San Jose, California 95111
4Beds
2Baths
1,215Sqft
5,350Lot
Price Vs. Estimate
The estimated value ($954,741.285) is $44,146.715 (4%) lower than the list price ($998,888). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Central Location: Conveniently located in central San Jose, offering excellent access to shopping, dining, parks, schools, gyms, and major commuter routes (Highways 101, 85, 87) within the desirable Silicon Valley market.
Top Cons:
Requires Renovation/Modernization: Built in 1959, the property explicitly highlights 'value-add upgrades' and the need to 'renovate, personalize,' indicating it is not move-in ready with contemporary finishes and may require significant investment to update.
Compared to the nearby listings
Price:$998.9K vs avg $1.07M ($-73,612)35%
Size:1,215 sqft vs avg 1,420.5 sqft19%
Price/sqft:$822 vs avg $80154%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this property shows significant cosmetic updates, including a modern kitchen with shaker cabinets, quartz-like countertops, subway tile backsplash, and a contemporary refrigerator. Flooring throughout (hardwood in living, LVP in kitchen/bedrooms) and fresh paint also contribute to a refreshed look. Bathrooms feature updated vanities and one shower has modern tiling. However, the listing explicitly states 'value-add upgrades' and the need to 'renovate, personalize,' indicating that while cosmetically appealing, the property likely has older underlying systems (electrical, plumbing, HVAC) typical of its age that may require substantial future investment. The overall condition is aged but maintained with recent updates, requiring further attention to reach a 'good' standard.
Year Built
1959
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$822
HOA
-
Days on market
-
Sold On
-
MLS number
ML82028950
Home ConditionFair
Features
Patio
View-
About this home
Great opportunity in a convenient central San Jose location. This 4-bedroom, 2-bath home offers a functional floor plan with strong potential for value-add upgrades, rental income, or future expansion. Features include ample front parking, an attached 2-car garage, and a large private backyard with storage. Natural light fills the home, and the layout works well for families, shared living, or work-from-home needs. Close to shopping, dining, parks, schools, gyms, and major commuter routes, including Highways 101, 85, and 87. This property offers flexibility for investors or homeowners looking to renovate, personalize, or hold long-term in a desirable Silicon Valley market. A solid opportunity with room to grow.
L
Leticia Panuco
Listing Agent
Price History
Date
Event
Price
02/12/24
Sold
$995,000
01/07/16
Sold
$540,000
Condition Rating
Fair
Built in 1959, this property shows significant cosmetic updates, including a modern kitchen with shaker cabinets, quartz-like countertops, subway tile backsplash, and a contemporary refrigerator. Flooring throughout (hardwood in living, LVP in kitchen/bedrooms) and fresh paint also contribute to a refreshed look. Bathrooms feature updated vanities and one shower has modern tiling. However, the listing explicitly states 'value-add upgrades' and the need to 'renovate, personalize,' indicating that while cosmetically appealing, the property likely has older underlying systems (electrical, plumbing, HVAC) typical of its age that may require substantial future investment. The overall condition is aged but maintained with recent updates, requiring further attention to reach a 'good' standard.
Pros & Cons
Pros
Prime Central Location: Conveniently located in central San Jose, offering excellent access to shopping, dining, parks, schools, gyms, and major commuter routes (Highways 101, 85, 87) within the desirable Silicon Valley market.
Strong Value-Add Potential: The property presents significant potential for value-add upgrades, rental income generation, or future expansion, making it an attractive opportunity for investors or homeowners looking to customize.
Versatile & Functional Layout: A functional 4-bedroom, 2-bath floor plan that is well-suited for families, shared living arrangements, or dedicated work-from-home spaces.
Ample Parking & Outdoor Space: Features include ample front parking, an attached 2-car garage, and a large private backyard with additional storage, providing practical amenities and outdoor living potential.
Abundant Natural Light: The home is filled with natural light, creating a bright and inviting atmosphere throughout the living spaces.
Cons
Requires Renovation/Modernization: Built in 1959, the property explicitly highlights 'value-add upgrades' and the need to 'renovate, personalize,' indicating it is not move-in ready with contemporary finishes and may require significant investment to update.
Potential for Outdated Systems: As an older home from 1959, there is a likelihood of outdated electrical, plumbing, or HVAC systems, which could lead to higher maintenance costs or necessitate costly replacements in the near future.
Implied As-Is Condition: The description emphasizes 'opportunity' and 'room to grow,' suggesting the property may be offered in an 'as-is' condition, requiring buyers to account for potential deferred maintenance or immediate repairs beyond cosmetic updates.