masterkey logo
3193 Calzar Dr
San Jose, CA

3193 Calzar Dr

$1,098,000
4 bd • 1 ba • 1,140 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

Listen

AI Property Analysis

0:00
0:00 / 0:00
List Price

$1,098,000

Price/Sq.Ft

$963

Year Built

1953

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 3193 Calzar Dr, San Jose, CA 95118 offers several positive attributes: 1. Location: Within the boundary of award-winning schools like Schallenberger Elementary (rated 6/10), which is just 1.1 miles away. Proximity to Kirk Park, Target, Home Depot, and major expressways/freeways enhances convenience. 2. Size and Layout: At 1,140 sqft with 4 bedrooms, the home provides ample space for various living arrangements. The price per square foot ($963.16) is competitive for the San Jose market. 3. Features: The property includes a large gated front porch, attached two-car garage, generously sized family room, dine-in kitchen with a bay window, and patio access from the kitchen. These features add value and functionality. 4. Outdoor Space: The expansive backyard offers potential for gardening, entertaining, or relaxation. 5. Climate Risks: The property has minimal flood risk (1/10), fire risk (1/10), and wind risk (1/10), which is advantageous for insurance costs and long-term safety. 6. Appreciation Potential: The property has shown significant appreciation, increasing from $365,000 in 2001 to the current listing price of $1,098,000, representing a 200.8% increase over 22 years. 7. Rental Potential: With average rental rates for 4-bedroom homes in the area at $4,202/month (2023 data), there's potential for rental income if desired. 8. Low Maintenance: The listing mentions a low-maintenance exterior, which can be cost-effective for homeowners.

The Bad

1. Age of the Property: Built in 1953, the home is 70 years old, which may require more frequent repairs and updates compared to newer constructions. 2. Limited Bathrooms: With only 1 bathroom for a 4-bedroom house, this could be inconvenient for larger families or when hosting guests. 3. Outdated Systems: The property uses a wall furnace for heating and wall/window units for cooling, which may be less efficient than modern HVAC systems. 4. High Price per Square Foot: At $963.16/sqft, it's priced higher than many areas of San Jose, potentially limiting the buyer pool. 5. School Ratings: While Schallenberger Elementary is rated 6/10, Willow Glen Middle School is rated only 4/10, which may be a concern for families with school-age children. 6. Air Quality Risk: The property has an extreme air quality risk (9/10) with 17 bad air days per year, which could affect residents' health and quality of life. 7. Heat Risk: With a moderate heat risk (4/10) and 8 hot days per year where temperatures reach 95°F, comfort during summer months could be a concern, especially given the older cooling system. 8. Limited Features: The listing doesn't mention any recent upgrades or high-end features, suggesting the interior may be dated or in need of modernization.

The Ugly

1. Potential for Major Repairs: Given the age of the home (70 years), there's a high likelihood of needing significant updates or replacements for major systems like plumbing, electrical, or roofing in the near future. These could easily cost $30,000-$50,000 or more. 2. High Total Cost of Ownership: - Mortgage (assuming 20% down, 30-year fixed at 6.5% interest): ~$5,500/month - Property Taxes (estimated at 1.25% of purchase price): ~$1,145/month - Insurance: $329/month - Utilities and Maintenance (1% of home value annually): ~$915/month Total Monthly Cost: Approximately $7,889/month or $94,668/year 3. Affordability Concerns: Based on the traditional 28/36 rule, a household would need an annual income of at least $282,000 to comfortably afford this property, which is significantly above the median income for the area ($130,745). 4. Potential Market Volatility: The San Jose real estate market is heavily influenced by the tech industry. Any downturn in this sector could significantly impact property values. 5. Zoning and Renovation Restrictions: Given the age and location of the property, there may be strict zoning laws or historical preservation requirements that could limit renovation options. 6. Single Bathroom Challenge: The cost to add a second bathroom could be substantial, potentially $20,000-$30,000 or more, depending on the extent of work required. 7. Energy Efficiency Issues: Older homes often have poor insulation and inefficient systems. Upgrading to modern, energy-efficient appliances and improving insulation could cost $15,000-$25,000. 8. Potential for Hazardous Materials: Homes built in the 1950s may contain asbestos or lead-based paint. Remediation, if necessary, could be extremely costly, potentially $20,000-$30,000 or more.

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

This property is best suited for: 1. High-income professionals or families: With a required income of around $282,000/year to comfortably afford the property, it's ideal for well-established professionals, potentially in the tech industry. 2. Buyers looking for a project: Those who have the budget and desire to renovate and modernize an older home could find this property appealing. 3. Families prioritizing good schools: Despite mixed school ratings, the property is within the boundary of some well-rated schools, making it suitable for families with school-age children. 4. Investors with renovation experience: Given the property's appreciation history and location, investors who can modernize the property might see good returns. 5. Buyers valuing outdoor space: The large backyard and front porch make this ideal for those who enjoy outdoor living and entertaining. 6. Commuters: Its proximity to major expressways/freeways makes it suitable for those who need easy access to different parts of San Jose or Silicon Valley. 7. Multi-generational families: The four-bedroom layout could accommodate extended family living arrangements, despite the bathroom limitation. 8. First-time homebuyers with high incomes: For those able to afford it, this property offers a chance to enter the competitive San Jose market with a home that has potential for customization.

Not For

This property is not suitable for: 1. Budget-conscious buyers: With high monthly costs and potential for expensive repairs/updates, this isn't ideal for those on tight budgets. 2. Large families needing multiple bathrooms: The single bathroom is a significant limitation for bigger households. 3. Those seeking a move-in ready, modern home: The property likely needs updates and doesn't offer modern amenities without further investment. 4. Buyers sensitive to air quality issues: With an extreme air quality risk score, this property isn't suitable for those with respiratory concerns. 5. Investors looking for immediate rental returns: The high purchase price versus potential rental income may not yield attractive immediate returns without significant value-add renovations. 6. Retirees or downsizers: The two-story layout and potential for ongoing maintenance may not be ideal for older buyers or those looking to simplify. 7. Buyers without renovation experience or budget: Those unprepared for the potential costs and challenges of updating an older home should look elsewhere. 8. People with limited time for home maintenance: The age of the home suggests it may require more frequent repairs and upkeep than a newer property.
Demographics
Area Median Income

$130,745

Price Prediction Challenge

Think you know what 3193 Calzar Dr will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Climate Risks

airEXTREME

17 bad air quality days per year

heatMODERATE

8 extreme heat days per year

98th percentile: 95°F

floodMINIMAL

FEMA Zone: D

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

1. Financial Overextension: With high monthly costs (estimated $7,889), there's a risk of financial strain, especially if unexpected repairs arise or if the local job market experiences a downturn. 2. Market Volatility: San Jose's real estate market is closely tied to the tech industry. Any significant changes in this sector could impact property values. Historical data shows potential for both rapid appreciation and depreciation. 3. Repair and Renovation Costs: As a 70-year-old home, major systems (plumbing, electrical, HVAC) may need replacement soon. Estimated costs could easily exceed $50,000-$100,000 for comprehensive updates. 4. Environmental Hazards: Homes of this era may contain asbestos or lead-based paint. Professional inspection and potential remediation are crucial, with costs potentially reaching $30,000 or more. 5. Climate Risks: While flood and fire risks are minimal, the extreme air quality risk (9/10) could lead to health issues and potential future regulations affecting property use or value. 6. Zoning and Permit Challenges: Older homes may not comply with current building codes. Any major renovations could trigger requirements to bring various aspects of the home up to current standards, significantly increasing project costs. 7. Insurance Costs: While the current estimate is $3,952/year, this could increase due to the home's age and potential claims history. Older electrical and plumbing systems may be red flags for insurers. 8. Property Tax Increases: Under California's Proposition 13, the property tax will be reassessed upon sale. The new owner should expect significantly higher property taxes than the previous owner, potentially around $13,725 annually. 9. Neighborhood Changes: As an older neighborhood, there's potential for either gentrification (leading to higher costs) or decline (impacting property values). Research local development plans and trends. 10. Competition for Renovations: High demand for contractors in the San Jose area could lead to higher costs and longer wait times for necessary updates or repairs.
Insurance
Annual Cost

$3,953

$329 per month

Financials

Monthly Costs

Price History

Property Taxes

$7,653
2024 Tax Assessment
2.2%from previous year
Assessed Value$528,619
Tax Rate1.45%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,450,481

32.1% above list price

Median Price

$1,449,887

Based on 6 recent sales

Price per Sq.Ft

$1,288

Comparable Properties

3266 Julio Avenue, San Jose, CA 95124
Price: $1,360,000
Sq.Ft: 1,060
Beds/Baths: 3/1
$/Sq.Ft:
$1,28333.2%
Sale Date: 10/1/2024
1810 Charmeran Avenue, San Jose, CA 95124
Price: $1,380,000
Sq.Ft: 1,091
Beds/Baths: 3/1
$/Sq.Ft:
$1,26531.3%
Sale Date: 9/14/2024
3128 Julio Avenue, San Jose, CA 95124
Price: $1,410,000
Sq.Ft: 1,060
Beds/Baths: 3/1
$/Sq.Ft:
$1,33038.1%
Sale Date: 8/17/2024
2965 Quinto Way, San Jose, CA 95124
Price: $1,550,000
Sq.Ft: 1,136
Beds/Baths: 3/2
$/Sq.Ft:
$1,36441.7%
Sale Date: 10/12/2024
1724 Hillsdale Avenue, San Jose, CA 95124
Price: $1,449,887
Sq.Ft: 1,202
Beds/Baths: 3/2
$/Sq.Ft:
$1,20625.2%
Sale Date: 10/3/2024
1529 San Joaquin Avenue, San Jose, CA 95118
Price: $1,553,000
Sq.Ft: 1,214
Beds/Baths: 3/2
$/Sq.Ft:
$1,27932.8%
Sale Date: 9/28/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$32,940

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results