832 Penitencia Street, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 2 bath

832 Penitencia Street, Milpitas, California 95035 home-pic-0
ACTIVE UNDER CONTRACT$1,560,000
832 Penitencia Street, Milpitas, California 95035
3Beds
2Baths
1,574Sqft
6,500Lot

Price Vs. Estimate

The estimated value ($1,560,000) is $0 (0%) lower than the list price ($1,560,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Schools: Situated in a tranquil community with top-tier schools, offering unparalleled convenience for families with easy walkability to school and quick commutes to downtown Milpitas or San Jose.
Top Cons:
Mixed Flooring: The description notes a 'harmonious mix of hardwood flooring and carpeting throughout,' which may not appeal to all buyers who prefer consistent hard surface flooring for modern aesthetics or allergy reasons.

Compared to the nearby listings

Price:$1.56M vs avg $1.66M ($-100,000)38%
Size:1,574 sqft vs avg 1,718.5 sqft44%
Price/sqft:$991 vs avg $98152%

More Insights

This property has been on the market for 97 days.
Built in 1962 (63 years old).
Condition: This property, built in 1962, has undergone significant and recent upgrades to major systems, including a new roof in 2020 and an upgraded HVAC system in 2021, both falling well within the 5-15 year renovation window for the 'Good' category. Solar panels are also a modern addition. The kitchen features updated stainless steel appliances, though the honey oak cabinets and speckled countertops suggest an update that is functional and clean but not ultra-modern (likely 15-25 years old). The flooring, a mix of hardwood and carpeting, appears well-maintained throughout. While no bathroom images were provided, the overall condition of the visible areas, including the well-maintained backyard with pavers and pergola, indicates a move-in ready home with no immediate renovation required. The property is well-maintained and functional, aligning with the 'Good' condition criteria.
Year Built
1962
Close
-
List price
$1.56M
Original List price
$1.69M
Price/Sqft
$991
HOA
-
Days on market
97 Days
Sold On
2025-09-08
MLS number
ML82009442
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

"Welcome to this stunning residence situated in a tranquil community renowned for its top-tier schools. This expansive home boasts a grand vaulted ceiling in the living room, a spacious updated kitchen, a formal dining room, a cozy fireplace, and a harmonious mix of hardwood flooring and carpeting throughout. Step outside to the delightful backyard oasis featuring a patio BBQ area with elegant pavers and a charming pergola. Additionally, the backyard offers a detached versatile workshop or hobby room, along with an additional exterior space perfect for a gym, home office, or kids' play area. With a spacious 2-car garage offering ample storage, this home comes equipped with solar panels, a new roof installed in 2020, and a recently upgraded HVAC system in 2021. Enjoy the unparalleled convenience of walking your children to school each day and a quick commute to downtown Milpitas or San Jose."

Nearby schools

8/10
Curtner Elementary School
Public,K-60.1mi
7/10
Anthony Spangler Elementary School
Public,K-60.6mi
9/10
Thomas Russell Middle School
Public,7-81.2mi
9/10
Milpitas High School
Public,9-121.1mi
Condition Rating
Good

This property, built in 1962, has undergone significant and recent upgrades to major systems, including a new roof in 2020 and an upgraded HVAC system in 2021, both falling well within the 5-15 year renovation window for the 'Good' category. Solar panels are also a modern addition. The kitchen features updated stainless steel appliances, though the honey oak cabinets and speckled countertops suggest an update that is functional and clean but not ultra-modern (likely 15-25 years old). The flooring, a mix of hardwood and carpeting, appears well-maintained throughout. While no bathroom images were provided, the overall condition of the visible areas, including the well-maintained backyard with pavers and pergola, indicates a move-in ready home with no immediate renovation required. The property is well-maintained and functional, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Location & Schools: Situated in a tranquil community with top-tier schools, offering unparalleled convenience for families with easy walkability to school and quick commutes to downtown Milpitas or San Jose.
Significant Recent Upgrades: Equipped with solar panels, a new roof (2020), and an upgraded HVAC system (2021), providing modern efficiencies and reducing immediate maintenance concerns for buyers.
Versatile Detached Spaces: Features a detached workshop/hobby room and an additional exterior space, offering flexible options for a gym, home office, or kids' play area, catering to diverse lifestyle needs.
Updated Interior Features: Boasts a spacious updated kitchen, grand vaulted ceiling in the living room, formal dining room, and a cozy fireplace, enhancing the home's appeal and functionality.
Inviting Outdoor Oasis: The backyard offers a delightful patio BBQ area with elegant pavers and a charming pergola, creating an ideal space for outdoor entertaining and relaxation.

Cons

Mixed Flooring: The description notes a 'harmonious mix of hardwood flooring and carpeting throughout,' which may not appeal to all buyers who prefer consistent hard surface flooring for modern aesthetics or allergy reasons.
Age of Property: Built in 1962, despite recent major upgrades, the underlying structure's age might raise concerns for some buyers regarding older systems (e.g., plumbing, electrical) not explicitly mentioned as updated.
Extended Market Time & Price Reduction: With 97 days on market and a significant price reduction from $1.685M to $1.56M, this suggests the property may have been initially overpriced or has faced challenges in attracting offers at its original asking price.

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