736 Pomeroy Avenue, California, Santa Clara, 95051 - 5 bed, 3 bath
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This Value-Add Silicon Valley Asset is listed at $1,999,888, positioned accurately at its $1,999,888 Fair Market Value. Despite a Poor Condition Rating, the property offers a rare 5-bedroom, 3-bathroom configuration on a 6,606 sqft lot, providing a substantial footprint for forced appreciation. The 1961 construction requires significant modernization of major systems and interiors to meet current market standards. Located in a high-demand Santa Clara pocket near major tech hubs, this property represents a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on land value and square footage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 736 Pomeroy Avenue Subject | $1,999,888* List Price | 5 | 3 | 2,116 | $945 | - |
A 2706 Pruneridge Avenue Sold | $2,150,000 | 4 | 3 | 2,160 | $995 | 1.0 mi |
B 534 Flannery Street Sold | $2,000,000 | 4 | 2 | 1,687 | $1,186 | 0.4 mi |
C 587 Cambridge Drive Active | $2,350,000 List Price | 4 | 3 | 2,162 | $1,087 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1961, making it 63 years old. Without any provided images or explicit information regarding recent major renovations (especially within the last 30-50 years), it is highly probable that the kitchen, bathrooms, and other major systems are significantly outdated and require substantial repairs or rehabilitation to meet current standards. While the list price is high, this is likely due to land value in Santa Clara. Based solely on the age and the absence of visual evidence of updates, the property's condition is assessed as 'poor', indicating a need for significant investment to modernize and address potential deferred maintenance.
Situated in Santa Clara, a highly desirable and economically robust area within Silicon Valley, offering excellent access to tech hubs, amenities, and a strong job market.
Features 5 bedrooms and 3 bathrooms, providing ample living space and flexibility for larger families, home offices, or guest accommodations.
A 6,606 sqft lot offers significant outdoor space for landscaping, potential expansion, or recreational activities.
The property has been active since March 2022 without a price change, suggesting potential overpricing or a lack of perceived value by the market.
Built in 1961, the home may require significant updates to its systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet modern buyer expectations.
Listed at nearly $2 million, this price point, while reflective of the market, narrows the pool of eligible buyers and may require a specific financial profile.
Open house Saturday & Sunday 3-12 & 13-2022 1pm-4pm First Showing with Realtor 3-9-2022
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 3.0 | 2.0 | 69% |
| Square foot | 2,116 | 1,572 | 86% |
| Lot Size | 6,606 | 6,000 | 61% |
| Price | $2.00M | $2.15M | 35% |
| Price per sq ft | $945 | $1.4K | 6% |
| Built year | 1961 | 1958 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 1509 | 116 | 0% |
Mar 5, 2022
$1,999,888
Initial Listing