Listed low, Good Location & Schools, any takers, Builders/Investors?


#1

#2

Good lot size too, what’s your price guess?


#3

My guess is 1.2-1.25M.

Here’s a comp that is backed against a busy street.

Here’s what you can build after.


#4

My guess, this home will go between 1.4M and 1.5M, most likely 1.45M around.


#5

I bought 148888 Cole Dr, San Jose recently there for 1050K

Bigger and better lot and plan to build a 5100 sq feet house over there have been submitted to county.

I would love to buy this one also but so many fools would bid this up so much leaving no margin.


#6

If Cole is now over 1.5 (according to redfin) why not just sell it and move on? What’s your ARV after construction? Are you counting on continued appreciation?


#7

You are right. Things are changed this year. Last year, I sold a similar (but better) home (like the one showed here) for 1.2M, but now this is sold 1.6M


#8

Cloud is builder/investor and his business is to buy, build and sell !


#9

I was overworking myself so I sold

14508 Nelson Way, San Jose ( Same area )…bought for 1160K and sold for 1.3M but then I wanted to focus on some quality builds.

@ww13
I belive Cole when built at 5100 sq feet should cross 3M+ ( especially with the finishes and build quality I do ) and that is why I’m just not putting it on market


#10

Aside from costs, the effort required to build 5k sqft is high. I think once you hit 3M things change. Maybe it’s faster to build in SJ.

Hope it goes well.