Bay Area/ San Jose

San Jose Condo Fetches $1.1 Million Amidst Strong Real Estate Market

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Published on July 15, 2024
San Jose Condo Fetches $1.1 Million Amidst Strong Real Estate MarketSource: Google Street View

The real estate market in San Jose reflects substantial investments, as evidenced by the recent sale of a condominium for $1.1 million. Constructed in 1986 and located in the 500 block of Robertsville Court, the property spans 1,306 square feet and closed at a commanding $812 per square foot on June 28, according to The Mercury News. The condo boasts two bedrooms and two and a half bathrooms, alongside the convenience of a two-car garage, providing substantial space for both vehicles and storage against a backdrop of Silicon Valley's competitive housing market.

Outlining the features that contributed to the sales price, the condominium offers a combination of utility and elegance, ranging from a tile roof to expansive interior spaces with vaulted ceilings and updated flooring. With a lot size of 1,679 square feet, the residence couples indoor luxury with exterior charm, possessing a generous flagstone patio and fenced yard, as per Redfin.

Comparatively, other nearby units have also fetched high prices recently, affirming the robustness of this neighborhood's real estate market. A smaller 975-square-foot unit on Cherry Avenue went for $701,000 in April, while an 810-square-foot condo on Joplin Drive, containing two bedrooms and one bathroom, sold for $585,000 in March. Around the same time, another Joplin Drive unit, slightly larger at 903 square feet, secured a sale price of $600,000, according to The Mercury News.