$2,400,000
553
Description

1207 N. Capitol Avenue, San Jose CA 95132

House - Berryessa CA

High Potential Berryessa Property!

Closed as of Oct 15, 2020

Offered at $2,400,000, sold at $2,430,000

 

1207 N. Capitol Ave Collage

 

1207 N. Capitol Avenue in San Jose’s Berryessa district, zip code 95132

  • Lot size  64,751 SF, just under 1.5 acres
  • House built in 2005 (currently boarded) with 5 bedrooms, 5 bathrooms, and 5627 SF & 3 car garage
  • On-site well used to service the whole property, the house is on city water and septic
  • Various mature fruit trees remain from a once expansive orchard
  • Situated on N Capitol Avenue between Berryessa and Sierra, steps from VTA’s Berryessa light rail stops
  • Within one block to Starbucks and close to plenty of other retail and restaurants

More details written below and view gallery pictures at the bottom of this page.

 

Satellite View of Property

A satellite view of the property marking the major structures. Click to go to 1207 N. Capitol Ave on Google Maps.

Great development opportunity, nearly 1.5 acres ideally situated next to light rail, commercial property on one side and residential on the other. Light rail runs along Capitol with 2 stops nearby, great commute location. Starbucks is one block away with plenty of restaurants and retail nearby. East Side Union school district, Berryessa Union elementary school district.


Zoned R 1-8. Many possibilities. The San Jose planning department told me that “The minimum lot size for the R-1-8 Zone is 5,445 SF. So yes, 1207 N Capitol Ave is able to be subdivided.” It may be possible to change zoning and build mixed use development, commercial, or other uses however we cannot make any guarantees for City approval – buyer to investigate options with the City of San Jose.

 

2 2020-08-19 10.34.05 house with 5600 SF 5 beds 5 baths (Large)
The house, built in 2005, is 2 story and 5627 SF with 5 bedrooms, 5 baths, 3 car garage. Interior features hardwood floors, plantation shutters, island kitchen with granite counters & maple cabinets, high end stainless steel appliances, a butler pantry with wine fridge, and on and on. (Currently boarded up, some work in process.)

 

No inspection reports are available on the house or well – the value is primarily in the land.
Buyer to investigate the development options, whether subdividing or re-zoning for mixed use, condos, etc.
Seller recently inherited the property and disclosures will be done in a week or so.
The inner fence is on a 6 month lease.

Viewings and Offers for 1207 N. Capitol Avenue:

 

Drive by only: Appointments to view the house and land should be available in the coming weeks. Please do not go onto the property now as work is being done, the fire damaged barn is unsafe to access, and the house is boarded up. The property is fenced with a locked gate. No sign on property.

 

Important Offer Information:
  • Make an offer subject to inspection
  • Please use CAR RPA (not a commercial or vacant land contract).
  • Escrow is opened with Cornerstone Title, Los Gatos office, escrow officer is Charlene Ramos.
  • Inner fence is leased, not owned (6 month lease)
  • Seller prefers a short escrow
  • Please contact Mary Pope-Handy with questions and prior to writing an offer 408-204-7673 or mary@popehandy.com.

 

 

View a gallery of images taken of the property below, or follow this link to Google Maps to explore the areas nearby.

Property Features
1207 N. Capitol Avenue, San Jose CA 95132 1
Mary Pope-Handy
Realtor, ABR, CIPS, CRS, SRES
Helping nice folks to buy & sell homes since 1993