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$2,800,000
Est. payment /mo
2 Beds
1 Bath
1,109 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,109 sqft
Price per Sqft $2,524
MLS Listing ID ML82010766
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1942
Lot Size 9,900 Sqft
Acres 0.2273
Property Sub-Type Single Family Residence
Property Description
Tired of mediocre $3.5-6 million dollar houses in Cupertino on undersized lots with limited appreciation potential? Consider this unique opportunity in Monta Vista. Exceptional family location. Looking for buyer that wants to capture $2 million profit/equity while creating beautiful peaceful residence(s). My lot allows new owner to build a custom 4,200 sq. ft. SFR (& some ADUs). It also allows, for example, a 3,000 sq. ft. principal residence, a large ADU and small ADU. The ADUs would be detached structures with lots of sunlight and you would have a private rear yard behind your principal residence. Or you might build two x 2,000 ft. houses surrounded by garden. Thats three desirable alternates. These build-out options were not permitted until recently by Cupertino. This is a beautiful and private lot. Convert your stagnant appreciated equities into an investment vehicle for inflation safe, high appreciation, real estate in a privileged location. For total investment of approx. $5 million, projected ROI is $2 million. And you may generate over $100k/year income. Desirable location; high investment return; income; privacy; exclusivity; community; and natural beauty. This is the one you have worked your whole life for. 21851Almaden dot com Disclaimer: See Agents Remarks.
Location
State CA
County Santa Clara
Zoning R1-8
Interior
Interior Features Family Room
Heating Wall Furnace
Cooling None
Fireplaces Number 1
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Exterior
Exterior Feature Back Yard
Private Pool false
Building
Lot Description Horses Possible, Level
Story 1
Level or Stories One Story
New Construction No
Schools
School District Fremont Union
Others
Tax ID 35715016
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Listed by John Leahy • John Leahy, Broker