573 Illinois Avenue, San Jose, California 95125, San Jose, 95125 - 4 bed, 2 bath
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573 Illinois Avenue
San Jose, California 95125
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,568Sq Ft
6,216Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$1,150,000
4% BelowMARKET VALUE
SUMMARY
This Hybrid Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well below the $1,299,918 Fair Market Value by 11%. This valuation gap provides $149,918 in Instant Equity. Featuring a Condition Rating of 2, the home offers modern updates like quartz countertops and waterproof flooring, while the 6,216 sqft lot provides significant ADU expansion potential. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add asset in Willow Glen.
Estimated Market Value
$1,150,000+$50,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 573 Illinois Avenue Subject 4 bd · 2 ba · 1,568 sqft · $733 | $1,100,000* List Price | 4 | 2 | 1,568 | $733 | - |
A 1336 Bird Avenue Sold 2 bd · 2 ba · 1,510 sqft · $861 · 1.0 mi | $1,300,000 | 2 | 2 | 1,510 | $861 | 1.0 mi |
B 662 Drake Street Active 3 bd · 3 ba · 1,356 sqft · $810 · 0.2 mi | $1,099,000 List Price | 3 | 3 | 1,356 | $810 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1900, the property has been recently updated with new waterproof fiber wood laminate flooring, quartz countertops, stainless steel appliances, and fresh custom paint. The interior and exterior appear in mint, move-in ready condition, meeting the criteria for a recent renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property features a generous 6,216 sqft lot with a spacious concrete backyard and an unfinished walk-in basement, offering significant potential for an ADU, expansion, or additional storage.
- Modern Interior Updates
The home has been recently refreshed with new waterproof fiber wood laminate flooring, quartz countertops, and stainless steel appliances, providing a move-in-ready environment for buyers.
- Buyer Incentives & Accessibility
With a motivated seller and eligibility for special mortgage credits, this property offers a high-value entry point into Willow Glen with easy access to SJSU, Downtown San Jose, and major transit hubs.
CONSRISKS & DEFICIENCIES
- Highway Proximity
Located directly under the I-280 bridge, the property may be subject to persistent traffic noise and environmental concerns despite the presence of acoustic walls.
- Historic Structure & School Ratings
Built in 1900, the home may require specialized maintenance for its aging systems, and the assigned elementary and middle schools have lower performance ratings compared to neighboring districts.
About 573 Illinois Avenue
Price Reduced Motivated Seller! Updated, affordable and conveniently located Willow Glen SFR offering 4 bedrooms, 2 baths, 1,568 sq. ft. of living space on a 6,126 sq. ft. lot. Ideal as a primary residence or investment with future potential. Recent updates include custom interior paint, seamless waterproof wood-look flooring, quartz countertops and stainless-steel appliances. The spacious concrete backyard offers plenty of room for outdoor living and potential detached ADU or expansion. A full-size unfinished walk-in basement provides utilities and generous storage, while a steel gate offers direct backyard access. The flexible floor plan features 2 bedrooms/1 bath downstairs and 2 bedrooms/1 bath plus a loft upstairs. The loft offers potential for conversion to a primary bath to create a primary suite, and an additional downstairs bonus room is ideal for a home office. Convenient access to SJSU, Downtown San Jose, Diridon Station, Hwy 87, I-280 and SJC. Located near the Bird Ave/I-280 overpass, with acoustic walls providing added sound separation and privacy. First-time homebuyers may qualify for special mortgage credits ask for details.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 6,216 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Gardner Elementary School
Grades K-5 • 0.0 mi
4/10
Washington Elementary School
Grades K-5 • 0.8 mi
4/10
Ernesto Galarza Elementary School
Grades K-5 • 1.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,568 | 1,721.238 |
| Lot Size | 6,216 | 6,271.145 |
| Price | $1.10M | $1.67M |
| Price per sq ft | $702 | $972 |
| Built year | 1900 | 1965 |
| HOA | $0 | $190 |
| Days on market | 73 | 38 |
Pricing History
Listed for Sale
Sep 24, 2026
$1,100,000
$1,000,000
+10% Price Increase
Initial Listing
Price Change
Sep 23, 2026
$1,000,000
$1,150,000
-13% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$1,150,000
Initial Listing
Sold
Mar 25, 2011
$205,000
Public Record