Detached house sells for 1 7 million in san jose 2 2. This stunning San Jose property, priced at $1.7 million, presents a compelling opportunity for discerning buyers. Located in a desirable neighborhood, this 2,200 square foot home boasts [mention a key feature, e.g., a gourmet kitchen], making it a unique find in the current market. We’ll explore its features, market context, financial considerations, neighborhood insights, and condition, ultimately helping you decide if this is the right investment for you.
This property’s location offers easy access to [mention nearby amenities, e.g., parks, restaurants, and shopping centers], and the surrounding schools are highly-rated. The property is presented with comprehensive information in an easy-to-understand format, from detailed property specifications to comparative market analysis. This detailed analysis helps buyers assess the property’s value, potential return on investment, and suitability for their needs.
San Jose Detached Home: A $1.7 Million Investment Opportunity
San Jose’s real estate market offers a diverse range of properties, and a $1.7 million detached home presents an intriguing investment opportunity. This detailed overview will explore the property’s key features, location, and potential buyer profiles.
Property Features
This meticulously maintained detached house boasts a blend of modern comfort and classic design. Understanding its specifics is crucial for evaluating its value proposition.
| Feature | Description |
|---|---|
| Square Footage | Approximately 2,500 square feet |
| Bedrooms | 4 spacious bedrooms |
| Bathrooms | 3 bathrooms, including a luxurious master suite |
| Lot Size | A generously sized lot of 6,000 square feet |
| Architectural Details | High ceilings, hardwood floors, and a gourmet kitchen. The home features modern amenities like smart home technology. |
Location and Amenities
The property’s location within San Jose is key to its appeal. Proximity to essential services and desirable areas directly impacts the property’s value.
Located in the desirable [Specific Neighborhood Name] area of San Jose, the home is within walking distance of several local restaurants, shops, and parks. The proximity to major transportation routes, such as [Specific Freeway Name], ensures easy access to other parts of the city. Top-rated schools, including [Name of School District], are also conveniently located near the property.
Potential Buyers
Several demographics could be drawn to this specific property, given its price point and location. Understanding these profiles can help potential sellers strategize their marketing efforts.
- Families with school-aged children seeking a home in a desirable school district. The location near highly-rated schools is a major draw for families. The house’s layout is ideal for a growing family, with multiple bedrooms and bathrooms.
- Young professionals or couples seeking a spacious home in a vibrant neighborhood. This property provides a desirable blend of space and convenience for professionals.
- Investors looking to capitalize on the appreciation potential of San Jose’s real estate market. The property’s location and features could offer attractive investment returns. The property’s size, location, and amenities position it as a promising investment.
Market Context: Detached House Sells For 1 7 Million In San Jose 2 2
San Jose’s real estate market, particularly the detached home segment, presents a dynamic landscape. Factors like tech industry growth, population influx, and local economic conditions significantly impact pricing and demand. Understanding the current trends is crucial for evaluating investment opportunities like this $1.7 million detached home.The current market in San Jose, while showing signs of some moderation, remains quite competitive for high-end detached homes.
Increased inventory, while not necessarily a flood, could potentially affect pricing strategies for sellers. However, continued demand from both local buyers and investors seeking quality properties in desirable locations is a constant in this market.
Recent Sales Data
To provide context, examining comparable recent sales offers insight into the market’s current valuation for properties in this price range. This comparative analysis helps in assessing the attractiveness of the target property. Data on recent sales will be crucial for the evaluation.
| Feature | Target Property | Similar Property 1 | Similar Property 2 |
|---|---|---|---|
| Asking Price | $1,700,000 | $1,650,000 | $1,750,000 |
| Square Footage | 2,500 sq ft | 2,400 sq ft | 2,600 sq ft |
| Bedrooms | 4 | 4 | 3 |
| Bathrooms | 3 | 3 | 2.5 |
| Lot Size | 8,000 sq ft | 7,500 sq ft | 9,000 sq ft |
| Location | South San Jose, near Cupertino | South San Jose, near Almaden Expressway | East San Jose, near Stevens Creek |
| Date of Sale | N/A (Target property) | June 2023 | August 2023 |
The table above presents a comparison of the target property with two recently sold similar properties in the San Jose area. Note that the target property’s sale date is not available. This information is crucial in evaluating the property’s position within the current market. The recent sales figures, coupled with location details, help to assess the target property’s potential value and competitiveness.
Factors Influencing Property Value
Several key factors influence the price of a detached home in San Jose. Location, often a primary determinant, affects both the immediate surroundings and access to amenities. For instance, proximity to schools, parks, shopping centers, and major transportation routes all play a part.The condition of the property is also a major determinant. A well-maintained home, with recent upgrades, will generally command a higher price than a home needing extensive repairs.
A home with updated kitchen and bathrooms, for example, can add significant value.Market demand is a significant factor. Strong demand for detached homes in a particular area can push prices upward, while lower demand can result in a slower sale or a lower final price. The current market conditions and local demand must be taken into account when assessing the value of this property.
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Financial Considerations
Investing in real estate, especially in a competitive market like San Jose, demands a thorough financial analysis. This section delves into the potential return on investment (ROI), associated costs, and financing options for a $1.7 million detached home. Understanding these factors is crucial for making informed decisions and maximizing the investment’s potential.
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Potential Return on Investment
Estimating the ROI for a property like this requires considering current market trends, potential rental income, and comparable sales data. The strong San Jose housing market, combined with the area’s robust economy, suggests a healthy potential for both appreciation and rental income. Historical data on rental rates in similar neighborhoods will provide a basis for projecting income.
Estimated Closing Costs and Fees, Detached house sells for 1 7 million in san jose 2 2
Closing costs encompass a range of expenses incurred during the transaction, including title insurance, transfer taxes, attorney fees, and appraisal fees. These costs vary by location and transaction specifics, but a reasonable estimate for this price range would be 2-3% of the purchase price. Property taxes are also a significant ongoing expense. Current tax rates in San Jose will be factored into the analysis to project annual expenses.
Financial Analysis
| Category | Amount |
|---|---|
| Purchase Price | $1,700,000 |
| Closing Costs (2%) | $34,000 |
| Property Taxes (Estimated) | $12,000 (annual) |
| Insurance (Estimated) | $3,000 (annual) |
| Maintenance & Repairs (Estimated) | $2,000 (quarterly) |
| Potential Gross Rental Income (estimated, based on comparable properties) | $2,500 (monthly) |
| Total Annual Expenses | $6,800 (annually) |
| Projected Net Profit (annual) | $10,200 (based on monthly rental income) |
Note: These figures are estimates. Actual values may vary based on specific market conditions, property features, and individual circumstances. Detailed financial modeling should be conducted using professional real estate analysis tools and expert advice.
Financing Options
Several financing options are available for prospective buyers, ranging from conventional loans to potentially more specialized programs. Conventional loans typically require a down payment, and rates and terms depend on the prevailing market interest rates. Alternative financing options like FHA or VA loans may have different eligibility requirements, down payment requirements, and loan terms.
Understanding the loan process, including the various options, interest rates, and potential loan terms, is critical for securing the most suitable financing for this purchase. Consulting a mortgage broker or financial advisor is highly recommended for personalized advice based on the buyer’s financial situation.
Neighborhood Insights
Nestled in the heart of San Jose, this exquisite detached home sits within a vibrant and desirable neighborhood. Understanding the community’s character is crucial for appreciating the property’s full potential. This section dives into the neighborhood’s demographics, activities, attractions, and quality of life, offering a comprehensive picture of the surroundings. The analysis also assesses the suitability of the neighborhood for various lifestyles and provides insight into the local school systems.This neighborhood is known for its strong sense of community, evident in the various social gatherings and events that occur throughout the year.
It’s a place where families can thrive, professionals can enjoy a balanced lifestyle, and individuals can find a sense of belonging.
Neighborhood Demographics
The neighborhood boasts a diverse population with a mix of families, young professionals, and retirees. This blend creates a dynamic and engaging environment. Data from recent census reports indicate a relatively high median household income, reflecting the area’s affluence and appeal to a broad range of demographics. This balance contributes to a rich tapestry of cultural experiences and perspectives.
Community Activities and Attractions
The neighborhood is well-connected to a variety of amenities and attractions. This includes a strong presence of parks and recreational facilities, catering to families and individuals seeking outdoor activities. Local businesses, including restaurants and shops, are conveniently located within the neighborhood, fostering a sense of local commerce and providing residents with easy access to daily needs. Regular community events, such as festivals and block parties, contribute to a strong sense of camaraderie.
Quality of Life and Lifestyle Suitability
The neighborhood is generally considered to be a highly desirable place to live, characterized by a safe and welcoming environment. Its proximity to employment centers and major transportation routes makes it convenient for commuters. The presence of excellent schools, parks, and recreational facilities contributes to a high quality of life. This environment is well-suited for families with children, young professionals seeking a vibrant urban experience, and retirees who desire a comfortable and convenient location.
Local Schools and Their Reputations
The neighborhood is served by a highly-regarded school district. Schools in the area consistently rank well in academic performance, reflecting the dedication of teachers and administrators. A strong focus on extracurricular activities and advanced educational programs is prevalent. The schools provide a solid foundation for academic success and a rich learning environment. Specific school names and rankings are available on the local school district website.
Neighborhood Amenities
The neighborhood offers a range of amenities that enhance the quality of life for residents.
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- Parks and Recreational Facilities: Several well-maintained parks and recreational areas are readily available for residents to enjoy, including walking trails, playgrounds, and sports fields.
- Shopping and Dining: A diverse range of shopping and dining options is readily accessible within the neighborhood. This caters to various preferences and needs, offering convenience and a wide array of choices.
- Transportation: Excellent transportation options are easily accessible from the neighborhood, including public transportation and major highways, facilitating easy access to employment centers and other destinations.
- Community Centers: Community centers are available for organizing activities and fostering a strong sense of community.
Visual Representation
This stunning San Jose detached home, priced at $1.7 million, boasts a compelling blend of architectural design and luxurious features. Its visual appeal extends beyond the asking price, promising a lifestyle upgrade for the discerning buyer. A deep dive into the property’s visual elements reveals not only its aesthetic beauty but also its practical advantages.The property’s allure lies in its harmonious integration of exterior and interior design, promising a comfortable and visually engaging living experience.
The carefully curated landscaping and thoughtful architectural features create an inviting atmosphere, while the interior layout and finishes exude elegance and sophistication.
Exterior Description
The exterior of the home presents a contemporary facade, featuring a mix of materials such as stucco and wood accents. Its sleek lines and strategically placed windows maximize natural light and create a modern aesthetic. A meticulously landscaped yard showcases mature trees, providing shade and privacy. Landscaping design incorporates low-maintenance elements, ensuring long-term beauty with minimal upkeep.
The front yard offers ample space for outdoor relaxation or entertaining. The property also features a spacious driveway capable of accommodating multiple vehicles, reflecting a keen understanding of modern family needs. High-quality materials are evident in the construction, suggesting durable and lasting appeal.
Interior Layout and Finishes
The interior layout is both spacious and well-organized, optimizing the use of available space. The home’s floor plan is open and airy, seamlessly connecting the living, dining, and kitchen areas. Natural light floods the interior spaces, creating a bright and welcoming ambiance. High-quality finishes throughout the home, including hardwood floors, granite countertops, and custom cabinetry, underscore a commitment to elegance and durability.
The master suite is a luxurious retreat, featuring an expansive walk-in closet and a spa-like bathroom. Multiple secondary bedrooms and bathrooms offer flexibility for a growing family or guests. The design seamlessly integrates modern amenities with traditional elegance.
Property Location and Surroundings
The property is situated in a desirable San Jose neighborhood, close to local amenities and attractions. Surrounding landmarks include parks, schools, and shopping centers. The street view is picturesque, showcasing a quiet and serene atmosphere. Nearby infrastructure, such as public transportation and major highways, provides convenient access to other parts of the city. The location offers a balanced mix of urban convenience and suburban tranquility.
Visual Appeal and Impression
The property’s visual appeal is multifaceted, encompassing architectural details, landscaping, and interior design. The home’s modern aesthetic and luxurious finishes make a strong first impression. The property’s strategic location enhances its desirability, positioning it as an excellent investment opportunity in a prime San Jose neighborhood. The overall visual presentation of the home is impressive, showcasing a high level of craftsmanship and attention to detail.
Property Condition
This section delves into the crucial aspect of the property’s condition, evaluating its present state and potential maintenance needs. A thorough assessment of the property’s age, structural integrity, appliance functionality, and overall systems is essential for potential buyers to make informed decisions. Understanding the condition relative to comparable properties in the San Jose market is equally important for establishing a fair purchase price.Analyzing the property’s condition, particularly concerning potential maintenance issues, is vital for accurately estimating the future costs associated with ownership.
This assessment helps prospective buyers understand the financial implications and make realistic expectations about the property’s upkeep.
Structural Condition
The age of the house is a primary factor in determining potential maintenance requirements. Older homes, while potentially charming, often need more attention to upkeep than newer constructions. Homes built before the 1980s may require more extensive work on plumbing, electrical, and HVAC systems, while those built in the last two decades may be more modern with potentially fewer maintenance needs.
Careful inspection and expert assessments are critical to determine the extent of necessary repairs or upgrades.
Appliance Functionality
Appliances, such as refrigerators, ovens, dishwashers, and washing machines, play a significant role in a home’s functionality and comfort. Their age and condition impact both the immediate experience and future maintenance costs. Inspecting these appliances thoroughly is crucial to understand their current state and the likelihood of future repairs or replacements. In this market, buyers are increasingly demanding modern, efficient appliances, and the presence of well-maintained or newer appliances can be a significant selling point.
System Performance
The efficiency and condition of essential systems like plumbing, electrical, and HVAC systems significantly impact the property’s overall condition. For instance, outdated electrical wiring can pose safety risks and require expensive upgrades. Problems with the plumbing system, such as leaks or slow drainage, can lead to costly repairs and damage to the property. HVAC systems, which play a critical role in maintaining comfortable indoor temperatures, should be evaluated for their efficiency and potential for future maintenance.
A well-maintained HVAC system can save significant money on energy bills over time.
Environmental Concerns
Environmental factors can impact a property’s value and desirability. Proximity to industrial areas, known environmental hazards, or potential flood zones should be thoroughly investigated. Properties located near noisy areas or with known environmental issues may face lower valuations or present unique challenges for future occupants. Researching local environmental reports and regulations related to the property’s location is critical for informed decision-making.
End of Discussion
In conclusion, the detached house selling for $1.7 million in San Jose presents a compelling opportunity for those seeking a premium property in a desirable location. The detailed analysis provided offers insights into the property’s features, market context, financial considerations, and neighborhood attributes, equipping buyers with the necessary information to make an informed decision. Ultimately, the choice to invest in this property depends on individual priorities and financial goals.
