Score
0San Jose, CA
1326 Burkette Dr
1.5M
3 beds
2 baths
1,365 sqft
3 bd • 2 ba • 1,365 sf
This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,498,000
Price/Sq.Ft
$1,097
Year Built
1958
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Desirable Clarendon Neighborhood: The property is located in the sought-after Clarendon Neighborhood, which typically commands premium prices due to its location and amenities.
• Corner Lot: The corner lot offers increased privacy and potential for expansion compared to interior lots. The lot size of 6,800 sq ft provides ample outdoor space for gardening or entertaining.
• Expansion Potential: The property description highlights the potential to expand, which could increase the property's value and living space. Verify local zoning regulations and building codes to determine expansion possibilities.
• Convenient Location: The property is conveniently located 0.4 miles from Country Lane Elementary School, which is a plus for families with young children. The two-car garage provides ample parking and storage space.
The Bad
• High Price per Square Foot: At $1097.44 per sqft, the property is priced significantly above the San Jose average of approximately $800-$900 per sqft for similar single-family homes. This premium may be difficult to recoup, even after renovations.
• 'Fixer-Upper' Condition: The property is described as a 'true fixer-upper' in 'mostly original condition', indicating the need for extensive and costly renovations. This includes potential updates to plumbing, electrical, and HVAC systems, which could add significant expenses.
• Average School Ratings: While located in the Moreland Elementary School District, the school's rating is only 6/10. Moreland Middle School is even lower at 5/10. This may deter families prioritizing high-performing schools.
• Higher Property Crime Rate: The property crime rate is 21.9% higher than the state average and 46.1% higher than the national average. This may deter some buyers and could impact insurance rates.
The Ugly
• High Estimated Insurance Cost: The estimated annual insurance cost of $5392.8 is significantly higher than the national average of around $1,500. This could be due to factors such as the property's age, location, and potential risks. Obtain detailed insurance quotes to understand the specific drivers of this cost.
• High Renovation Costs: Given the property's 'fixer-upper' status and 'mostly original condition,' renovation costs could easily exceed $100,000, potentially pushing the total investment beyond market value. Obtain multiple contractor bids and prioritize essential upgrades to manage expenses.
• Air Quality Concerns: The 'severe' air quality risk (7/10) and 13 bad air days per year could pose health risks, especially for individuals with respiratory conditions. This may deter some buyers and necessitate the use of air purifiers. San Jose's air quality consistently ranks among the worst in the nation, impacting property values.
• Property Crime: While violent crime rates are lower than state and national averages, property crime is significantly higher. Burglary rates are 43.9% higher than the state average and 96.2% higher than the national average. Motor vehicle theft is also 54.5% higher than the national average. This could impact insurance rates and require additional security measures.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking a property with significant upside potential through renovation and expansion in a desirable neighborhood. The corner lot and 'good bones' offer a canvas for value-add improvements.
• Buyers comfortable with undertaking a major fixer-upper project. The property's 'mostly original condition' presents an opportunity to customize to personal preferences and potentially increase its market value.
• Families prioritizing location within the Moreland Elementary School District, despite the school's average rating (6/10). Proximity to the school (0.4 miles) is a convenience for young families.
• Individuals who can manage estimated monthly costs of $8,700+ (including mortgage, taxes, insurance, and potential renovation expenses) without exceeding their personal debt-to-income preferences.
Not For
• Buyers seeking a move-in-ready home without the need for extensive renovations. The property's 'mostly original condition' requires a significant investment of time and resources.
• Individuals with limited renovation budgets or those unwilling to manage a major construction project. The property is described as a 'fixer-upper', suggesting substantial work is needed.
• Families highly sensitive to air quality concerns. The property faces 'severe' air quality risk (7/10), with an average of 13 bad air days per year.
• Buyers prioritizing top-rated schools. While located in the Moreland Elementary School District, the school's rating is only 6/10, which may not meet the standards of some families.
Demographics
Area Median Income
$163,245
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 4, 1996Marty A TerzakisMarty A Terzakis, Marty Terzakis Revocable Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$2,466
2024 Tax Assessment
3.7%from previous year
Assessed Value$83,965
Tax Rate2.94%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.0/10
GoodMiddle
6.0/10
GoodHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$2,250
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,498,000
Price/sqft
$1,097
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$2,231,078
32.9%
Your price is 32.9% below average
Median Price
$2,294,470
34.7%
Based on 6 recent sales
Price per Sq.Ft
$1,656
33.7%
Your price is 33.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 4402 Hilton Avenue, San Jose, CA 95130 | $2,294,470 | 1,407 | 3 | 2 | $1,63148.6% | 1/13/2025 |
| 3661 Kendra Way, San Jose, CA 95130 | $2,310,000 | 1,451 | 3 | 2 | $1,59245.1% | 1/13/2025 |
| 1360 Vernal Drive, San Jose, CA 95130 | $2,380,000 | 1,248 | 4 | 2 | $1,90773.8% | 1/16/2025 |
| 4449 Borina Drive, San Jose, CA 95129 | $2,211,000 | 1,236 | 3 | 2 | $1,78963.0% | 1/7/2025 |
| 4449 Borina Drive, San Jose, CA 95129 | $2,211,000 | 1,236 | 3 | 2 | $1,78963.0% | 1/7/2025 |
| 4131 Will Rogers Drive, San Jose, CA 95117 | $1,980,000 | 1,610 | 3 | 2 | $1,23012.1% | 1/30/2025 |
4402 Hilton Avenue, San Jose, CA 95130
Price: $2,294,470
Sq.Ft: 1,407
Beds/Baths: 3/2
$/Sq.Ft:
$1,63148.6%
Sale Date: 1/13/2025
3661 Kendra Way, San Jose, CA 95130
Price: $2,310,000
Sq.Ft: 1,451
Beds/Baths: 3/2
$/Sq.Ft:
$1,59245.1%
Sale Date: 1/13/2025
1360 Vernal Drive, San Jose, CA 95130
Price: $2,380,000
Sq.Ft: 1,248
Beds/Baths: 4/2
$/Sq.Ft:
$1,90773.8%
Sale Date: 1/16/2025
4449 Borina Drive, San Jose, CA 95129
Price: $2,211,000
Sq.Ft: 1,236
Beds/Baths: 3/2
$/Sq.Ft:
$1,78963.0%
Sale Date: 1/7/2025
4449 Borina Drive, San Jose, CA 95129
Price: $2,211,000
Sq.Ft: 1,236
Beds/Baths: 3/2
$/Sq.Ft:
$1,78963.0%
Sale Date: 1/7/2025
4131 Will Rogers Drive, San Jose, CA 95117
Price: $1,980,000
Sq.Ft: 1,610
Beds/Baths: 3/2
$/Sq.Ft:
$1,23012.1%
Sale Date: 1/30/2025
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