This Value-Add Almaden Valley Estate represents a strategic Asset acquisition, listed at $2,400,000 and positioned near its $2,238,454 Fair Market Value. Carrying a Poor Condition Rating, the 1965-built residence serves as a premier shell for a full-scale modernization project to capture significant forced appreciation. The property is distinguished by an expansive 14,100 sqft lot, offering rare potential for expansion in a high-demand enclave. Located within the elite San Jose Unified District, it provides access to Williams Elementary (9/10) and Leland High (8/10). This is an ideal project for Luxury Renovators or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6597 Crystal Springs Drive Subject | $2,400,000* List Price | 4 | 3 | 2,368 | $945 | - |
A 1336 Echo Valley Drive Sold | $2,200,000 | 4 | 3 | 2,476 | $889 | 0.8 mi |
B 1256 Hillcrest Drive Sold | $2,975,000 | 4 | 3 | 2,508 | $1,186 | 0.3 mi |
C 6840 Hampton Drive Sold | $2,265,000 | 4 | 2 | 2,164 | $1,047 | 0.9 mi |
D 6227 Via De Adrianna Sold | $1,720,000 | 3 | 2 | 1,630 | $1,055 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1965, making it 59 years old. Without any provided image URLs or textual descriptions of recent renovations, it is highly probable that the home's major systems (plumbing, electrical, HVAC) and finishes (kitchen, bathrooms, flooring, fixtures) are significantly outdated or at the end of their expected lifespan. This age, coupled with the lack of evidence of recent updates, suggests that the property will require substantial repairs and rehabilitation to meet current safety, functionality, and aesthetic standards. The absence of images prevents a detailed assessment of specific interior conditions, but the age alone strongly indicates a 'Poor' condition, requiring significant investment.
Situated in San Jose (95120 postal code), a highly sought-after and affluent area known for its strong job market and good schools.
A substantial 14,100 sqft lot provides ample outdoor space, privacy, and potential for future expansion or landscaping enhancements.
With 4 bedrooms and 3 bathrooms, the property offers a practical and spacious layout suitable for families, accommodating various living arrangements.
Built in 1965, the home is nearly 60 years old, suggesting that significant updates to systems (electrical, plumbing, HVAC) and aesthetics may be required to meet modern buyer expectations.
Having been listed since April 2023 (over a year), the prolonged market presence could indicate overpricing relative to its condition or market value, or a lack of buyer interest.
The $2.4 million list price is substantial for a 1965-built home, potentially limiting the buyer pool to those willing to invest in a property that may require considerable renovation at this price level.
Exceptional opportunity in California. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,368 | 2,192.5 | 54% |
| Lot Size | 14,100 | 8,877.5 | 82% |
| Price | $2.40M | $2.40M | 50% |
| Price per sq ft | $1.0K | $1.0K | 46% |
| Built year | 1965 | 1975 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 1098 | 148 | 0% |
Apr 20, 2023
$2,400,000
Initial Listing