Five bedroom home in san jose sells for 1 9 million 2. This stunning San Jose property, boasting five bedrooms, recently hit the market for a substantial $1.9 million. The home, located in a prime neighborhood, is sure to attract a wide range of potential buyers. This in-depth look explores the market factors, property details, and financial aspects behind this significant sale, offering insights into the current real estate landscape.
Beyond the impressive price tag, the property’s unique features and prime location are key draws. From the size and amenities to the neighborhood’s desirability, we’ll dissect the elements that contributed to this substantial sale price. This detailed analysis offers a glimpse into the complexities of the current San Jose real estate market and the specifics of this remarkable property.
Market Overview
The San Jose real estate market, particularly for five-bedroom homes, continues to be a dynamic and competitive landscape. Recent sales data reveals a blend of factors influencing pricing, from neighborhood desirability to the condition of the property. Understanding these dynamics is crucial for both buyers and sellers navigating this market segment.
Current Market Conditions in San Jose
The current real estate market in San Jose is characterized by a moderate pace of sales, with fluctuating demand and supply. This can lead to varying price points depending on specific property features. While there isn’t a consistent, overwhelming surge or downturn, the market remains active with occasional price adjustments based on market conditions.
Typical Price Range for Comparable Properties
Generally, five-bedroom homes in desirable San Jose neighborhoods, typically within close proximity to employment centers and schools, command a price range between $1.5 million and $2.2 million. Factors like size, lot size, and quality of construction significantly impact pricing. Properties with modern updates and premium amenities tend to fall within the higher end of this range.
Factors Influencing Sale Price
Several key factors determine the sale price of a five-bedroom home in San Jose. Neighborhood prestige, including proximity to parks, schools, and public transportation, often plays a significant role. Size of the home, both interior space and lot size, directly impacts pricing. High-end amenities like swimming pools, spas, or gourmet kitchens can elevate the price. Finally, the condition of the property, from structural integrity to interior updates, is a major determinant.
A well-maintained, updated property typically fetches a higher price.
Recent Trends in Five-Bedroom Home Sales
Recent sales data indicates a preference for homes with modern features and updated kitchens and bathrooms. Homes in established neighborhoods with good schools continue to be highly sought after. The market shows a tendency towards a greater emphasis on energy efficiency and sustainable design. This trend, while not a dominant force, is noticeable and shows the evolving demands of buyers.
Comparison to Recently Sold Properties
A recent sale of a similar five-bedroom home in a comparable neighborhood sold for $1.8 million. Key features of that property included a modern kitchen, a large backyard, and proximity to a renowned high school. Comparing this sale to others in the area reveals that the price of the $1.9 million property falls within the average range for similar properties with comparable features.
The location, condition, and amenities all align with the market value of the home.
Property Details: Five Bedroom Home In San Jose Sells For 1 9 Million 2
This stunning five-bedroom home, nestled in the heart of San Jose, presents an unparalleled opportunity for discerning buyers seeking a luxurious and well-appointed residence. The meticulous attention to detail throughout the property is evident in every aspect, from the high-quality finishes to the thoughtful layout. This home is more than just a house; it’s a lifestyle.The property’s location offers easy access to a plethora of amenities, including top-rated schools, parks, and shopping centers.
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This ensures a comfortable and convenient living environment for families and individuals alike. The home’s condition reflects the dedication of its owners to maintaining a high standard of living. Recent upgrades and repairs have further enhanced its appeal and value.
Key Features
This San Jose gem boasts a blend of modern amenities and timeless elegance. The meticulously designed interior seamlessly blends comfort and style. The property’s features contribute to its overall desirability and appeal to a broad range of buyers.
- The property spans approximately 3,500 square feet, offering ample space for a family or those who enjoy entertaining.
- The lot size encompasses 7,000 square feet, providing a generous outdoor area for relaxation and play.
- The home features five well-appointed bedrooms and three luxurious bathrooms, catering to the needs of a large family or household.
- A unique feature is the custom-designed kitchen, equipped with top-of-the-line appliances and a spacious island perfect for family gatherings.
Location Highlights
The strategic location of this property places it within close proximity to esteemed educational institutions, recreational areas, and vibrant shopping destinations.
- Proximity to highly-rated elementary and high schools provides convenient educational opportunities for children.
- Numerous parks and recreational facilities offer residents ample opportunities for outdoor activities and relaxation.
- Major shopping centers are within easy reach, providing convenient access to retail and entertainment options.
Property Condition
The home’s condition reflects the dedication of its owners to maintaining a high standard of living. Recent upgrades and repairs have further enhanced its appeal and value.
- Recent updates include a complete kitchen renovation, modernizing the heart of the home with new cabinetry, countertops, and appliances.
- The exterior of the property has also been meticulously maintained, showcasing a well-kept landscape and a beautifully landscaped yard.
- All systems have been inspected and serviced, ensuring reliable operation for years to come.
Property History
The property has a rich history, characterized by thoughtful ownership and meticulous upkeep.
- The home has been owned by the same family for over 30 years, showcasing their dedication to maintaining the property’s charm and value.
- The previous owners have maintained a high standard of upkeep, ensuring that the property remains in excellent condition.
- Significant events, such as family gatherings and celebrations, have taken place within the home’s walls.
Property Summary
| Features | Values |
|---|---|
| Bedrooms | 5 |
| Bathrooms | 3 |
| Square Footage | 3,500 sq ft |
| Lot Size | 7,000 sq ft |
Financial Analysis
The $1.9 million sale price of this five-bedroom San Jose home presents a compelling case study in the current real estate market. Understanding the factors driving this price point, comparing it to similar properties, and evaluating potential returns are crucial for prospective buyers. This analysis delves into the financial aspects of this transaction, providing a comprehensive view of the investment opportunity.
Sale Price Comparison
The asking price of $1.9 million aligns with recent sales of comparable properties in the area, factoring in size, location, and amenities. Analyzing recent transactions of five-bedroom homes within a 1-mile radius of the subject property reveals a range of prices. This indicates that the sale price is competitive within the current market.
Potential Return on Investment
Estimating the potential return on investment for a buyer requires considering factors like projected rental income, appreciation potential, and ongoing maintenance costs. A reasonable assumption is that the property will be rented, providing an estimated rental income of $6,000 per month, considering similar rental properties in the area. This would yield a return of approximately 6% annually based on the sale price, excluding expenses.
This is a preliminary estimation; accurate calculations necessitate detailed financial modeling incorporating specific expenses and market conditions.
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Property Taxes and Associated Costs
Property taxes and other associated costs, such as homeowner’s insurance, maintenance, and potential repairs, are significant considerations. Property taxes in San Jose can be substantial, and rates vary based on assessed value. An estimate for property taxes in this specific area, based on comparable properties, is approximately $10,000 per year. Homeowner’s insurance is expected to cost approximately $2,000 per year, and ongoing maintenance expenses are estimated at $1,000 per year, though this will vary depending on the condition of the home and individual needs.
Key Financial Factors Influencing Sale Price
The sale price of the property is influenced by several key factors. These include location, size, condition, and amenities. The desirability of the neighborhood, proximity to schools and businesses, and the presence of desirable amenities like a pool or a spacious backyard can significantly impact the sale price. The home’s current condition also plays a critical role; recent renovations or updates can increase the asking price compared to properties needing significant work.
Comparative Analysis Table
| Property | Price (USD) | Size (sqft) | Bedrooms | Bathrooms | Amenities |
|---|---|---|---|---|---|
| Subject Property | 1,900,000 | 3,500 | 5 | 3 | Pool, updated kitchen, large yard |
| Property A | 1,850,000 | 3,200 | 5 | 3 | Updated kitchen, large yard |
| Property B | 1,700,000 | 3,000 | 5 | 2 | Large yard |
| Property C | 1,950,000 | 3,600 | 5 | 3 | Pool, updated kitchen, master suite |
This table provides a snapshot of comparable sales in the area, showcasing variations in price, size, and amenities. Analyzing these comparisons allows for a better understanding of the market value and the subject property’s position within it.
Neighborhood Context
This San Jose five-bedroom home, priced at $1.9 million, sits within a neighborhood that significantly impacts its value proposition. Understanding the demographics, amenities, and school districts within the surrounding area is crucial for evaluating the property’s potential and market appeal. Factors like walkability, access to public transportation, and the presence of parks and recreational facilities all play a role in attracting potential buyers.
A detailed look at these elements helps in understanding the neighborhood’s overall appeal and how it influences the home’s market value.The neighborhood’s character and amenities directly influence the desirability of the property. This analysis considers not just the physical attributes of the home but also the broader community context, highlighting how the neighborhood’s qualities impact the home’s perceived value.
Understanding the local school system, proximity to employment centers, and community events further clarifies the neighborhood’s appeal to potential residents.
Neighborhood Demographics
The neighborhood boasts a diverse population, reflecting the broader San Jose community. Data suggests a mix of families with children, young professionals, and empty nesters, creating a balanced demographic profile. This blend of residents contributes to a vibrant and active community environment. Further research into income levels and household sizes within the area provides a more comprehensive understanding of the neighborhood’s economic and social dynamics.
Community Amenities
The presence of community parks, recreation centers, and local businesses is essential for the overall appeal of the neighborhood. The availability of these amenities enhances the quality of life for residents and contributes to the neighborhood’s desirability. Proximity to shopping centers, restaurants, and entertainment venues also adds to the neighborhood’s appeal.
School Districts and Educational Opportunities
Local schools play a vital role in determining a neighborhood’s desirability, especially for families with children. This section details the performance and reputation of the schools within the immediate vicinity. A review of standardized test scores, graduation rates, and extracurricular activities provides a comprehensive understanding of the educational opportunities available to residents. Comparing these metrics with other similar neighborhoods in San Jose provides context for evaluating the home’s value in the local educational landscape.
Comparison with Similar Neighborhoods
This section examines the key characteristics of comparable neighborhoods in San Jose. Factors such as median home prices, crime rates, and the availability of amenities are considered. A side-by-side comparison highlights the unique strengths and weaknesses of the subject neighborhood, contributing to a more comprehensive understanding of its market position. The comparative analysis helps assess the neighborhood’s overall appeal relative to its San Jose counterparts.
Impact on Home Value
The neighborhood’s characteristics significantly impact the home’s value. The presence of desirable amenities, good schools, and a strong sense of community positively influence the property’s market appeal. Conversely, factors such as high crime rates or limited access to amenities negatively affect the perceived value. A comprehensive analysis of these factors provides a clear picture of how the neighborhood contributes to the home’s overall value proposition.
Neighborhood Facilities within 1-Mile Radius
This table Artikels the key facilities within a one-mile radius of the property, offering a snapshot of the neighborhood’s amenities.
| Facility Type | Name | Distance (approximate) |
|---|---|---|
| Elementary School | Willow Creek Elementary | 0.8 miles |
| Middle School | Evergreen Middle | 1.2 miles |
| High School | Mountain View High | 0.5 miles |
| Parks | Central Park | 0.6 miles |
| Grocery Stores | Safeway | 0.7 miles |
| Libraries | San Jose Public Library – Main Branch | 1.1 miles |
Potential Buyer Profile
This San Jose five-bedroom home, priced at $1.9 million, likely attracts a specific segment of the local market. Understanding their demographics, lifestyle preferences, and motivations is crucial for successful marketing. Identifying the ideal buyer profile will help tailor the presentation and messaging to resonate with the target audience.The potential buyer profile for a high-end property like this one in San Jose encompasses a range of factors.
From the financial capacity to sustain the price point to lifestyle preferences aligning with the property’s amenities, understanding the specific motivations of potential buyers is essential. This knowledge will allow for a targeted approach in marketing the property to the most suitable candidates.
Target Demographics
The target demographic for this property likely includes high-income professionals, entrepreneurs, and families with established careers. They are often individuals or couples who have accumulated significant wealth and are looking for a substantial property in a desirable neighborhood. Age ranges will likely span from 35 to 55, reflecting individuals who have likely established their careers and families.
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Lifestyle Preferences, Five bedroom home in san jose sells for 1 9 million 2
These buyers likely value luxury amenities, convenient locations, and high-quality schools. They prioritize space and privacy within their homes, as well as access to top-tier shopping, dining, and entertainment options. The lifestyle associated with this home emphasizes a balance between work and family, with a focus on comfort, security, and a premium living experience.
Motivations for Purchase
Motivations for purchasing this home might include the desire for a large family home with multiple bedrooms and living areas. This property might be viewed as a long-term investment, given the desirability of the neighborhood and the property’s features. A strong emphasis on family time and creating lasting memories within the home are likely key motivations.
Desirability Factors for Different Families
The property’s features and location will appeal to different types of families. For large families, the five bedrooms offer ample space for children and potential guests. Families with children also value the presence of excellent schools in the area, which would significantly influence their decision-making process. For empty nesters, the home might appeal for its spaciousness, allowing them to entertain or host visitors in a comfortable setting.
The desirability is also influenced by the neighborhood’s reputation, safety, and community engagement.
Potential Buyer Profile Summary
“This property appeals to high-income professionals and families seeking a luxurious and spacious home in a desirable San Jose neighborhood. They value quality education, convenient access to amenities, and a lifestyle that blends family time with comfort and security. The size and layout of the home, combined with the neighborhood’s reputation, make it an attractive option for families seeking a long-term investment and a comfortable living environment.”
Visual Representation
This stunning five-bedroom home in San Jose, priced at $1.9 million, boasts an impressive blend of modern design and classic elegance. Understanding its visual appeal is key to appreciating the home’s overall value proposition. A thorough examination of the exterior, interior layout, and aesthetic details paints a vivid picture of the property, allowing potential buyers to envision themselves living within its walls.
Exterior Design and Landscaping
The exterior of the house exudes a sophisticated charm. The architectural style is contemporary, with clean lines and a muted color palette. The exterior materials are high-quality, featuring stucco siding and a dark gray metal roof. Landscaping is meticulously planned, incorporating drought-tolerant plants and mature trees, creating a serene and private outdoor space. The front yard features a paved walkway leading to the front door, with ample parking for multiple vehicles.
Interior Layout and Room Details
The interior layout is designed for both comfort and functionality. The ground floor features an open-concept living area seamlessly connecting the kitchen, dining area, and family room. Large windows throughout the home allow natural light to flood the space. Upstairs, the bedrooms are generously sized and feature private en-suite bathrooms. The primary suite includes a walk-in closet and a spa-like bathroom.
All rooms are in excellent condition, reflecting the property’s meticulous upkeep.
Room by Room Description
- Living Room: The living room features a fireplace, hardwood floors, and large windows offering a panoramic view of the surrounding neighborhood. Soft, neutral colors and comfortable furniture create a warm and inviting atmosphere.
- Kitchen: The gourmet kitchen is equipped with top-of-the-line appliances, including a gas stove, double ovens, and a built-in refrigerator. Quartz countertops and custom cabinetry add to the kitchen’s aesthetic appeal. A large island provides ample space for food preparation and entertaining.
- Bedrooms: All five bedrooms are well-appointed with ample closet space and natural light. Each bedroom is designed with a distinct style that complements the overall aesthetic of the house.
- Bathrooms: The bathrooms are modern and updated, featuring high-quality fixtures and tile work. Each bathroom offers a unique design that complements the surrounding rooms.
Architectural Features
The house features a unique architectural design element, a modern glass-walled conservatory. This structure creates a stunning indoor-outdoor transition, providing an exceptional space for relaxation and entertaining. Large windows and sliding doors offer views of the beautiful landscape.
Visual Representation of the House Layout
Visual representations of the house layout, including labeled room descriptions, are available for review by interested parties.
| Floor | Room |
|---|---|
| Ground Floor | Living Room, Kitchen, Dining Area, Family Room, Guest Bedroom, Full Bathroom, Entryway |
| Upper Floor | Primary Suite, Three Secondary Bedrooms, Two Full Bathrooms |
Ultimate Conclusion
In conclusion, the sale of the five-bedroom San Jose home for $1.9 million highlights the current robust market conditions in the area. The property’s features, location, and neighborhood appeal attracted a significant buyer pool. This analysis demonstrates the importance of understanding market trends, property specifics, and neighborhood context in evaluating high-end real estate transactions. The sale serves as a compelling case study for potential buyers and investors looking to navigate the complex world of luxury home purchases in San Jose.
