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$1,365,000

Beds
3
Baths
2.0
sq ft
1,204

421 Leigh Ave, San Jose, CA 95128

421 Leigh Ave

San Jose, CA 95128

  • 66 days on market
    • Price drop $34,000↓
Newly Beautifully renovated single house with a Building Permit on a Huge Lot offer a rare opportunity. R1-N2 zoning. The most recent building permit# DVE24—0502 has approved the entire house for 3 Bedrooms & 2 Bathrooms & 1 Enclosed Front Porch. However, the public record may not be updated yet because of the slow process. 1204 sqft Main house of 3/2 and the est 576 sqft detached ADU (A Bonus feature for potential rent)- new flooring throughout; new light fixtures in every room bring bright & modern style; new kitchen & new bathrooms, new Heat pump for both central heating & A/C, so much more. Works are done with a building permit!! Upon entry, a permitted beautiful covered sun porch of 88 sqft with large, framed windows, extending the living space. The open concept living room & kitchen with an abundance of natural light through the oversized windows and the high ceilings. The master room offers a roomy layout and an en-suite bathroom, other Two bedrooms upstairs share a bathroom, in-unit laundry. The 576 sqft ADU (permit unknown) has his separate entrance& own yard and kitchen, would generate a good rents (the previous tenant paid rent of $1,450 before the remodel.) The huge backyard of 6124 sqft with low maintenance paved concrete, perfect for a new ADU or 2nd unit.

Details

Property type

Single Family Residence

Est. home value

$1,136,129

Lot size

6,124 sq ft

Price per sq ft

$1,134

Year built

1919

HOA

No

Price History

02/25/2025
BridgeMLS

BridgeMLS #41083523

Price change
$1,365,000
-2.43%
02/12/2025
BridgeMLS

BridgeMLS #41083523

Price change
$1,399,000
-4.18%
01/24/2025
BridgeMLS

BridgeMLS #41083523

Listed
$1,460,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$601,337
Asking price
$1,365,000
Closing costs (~8% of asking)
-$109,200
Est. remaining loan balance
-$654,463
Cash to seller
$601,337

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

March 2021

Original loan amount

$720,000

Est. remaining balance

$654,463

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Tianxing Wang and Yanling Huang

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/31/2025 at 10:35 AM

Listing updated: 03/23/2025 at 3:40 PM

Listed by: Yan Hearns, KW Advisors Phone #: (510) 552-6505

MLS: BridgeMLS #41083523

BridgeMLS logo

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