whats the current Sq ft rate in zip code 95135 San jose?

Asked by Realsearch, San Jose, CA Mon Jun 15, 2009

whats the current Sq ft rate in zip code 95135 San jose?The school district is evergreen elementry.

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Michelle Carr-Crowe’s answer
Michelle Car…, Agent, Coppertino, AL
Sun Aug 25, 2013
Keep in mind that a smaller home will have a higher price per sf due to the fact that any piece of land with a home on it in Silicon Valley has an intrinsic value; and an even higher value if it is located in a prime school district such as Cupertino or Palo Alto.

There is a good reason appraisers do not calculate valuations based on price per square foot.
0 votes
Bill Mccord, Agent, San Jose, CA
Mon Jun 15, 2009
I'm sure you will get numerous specific answers to your question, but frankly I do not think you will have obtained any useful information. Dollars per Sq Ft is such a minor factor in residential property valuation that it meaningless on it;s own.
If you want to value a given property take the short cut and compare it with recent similar sales. This will give you a value which already incorporates all the many relevant statistics in order to create the Fair Market Value.
Good luck, Bill
1 vote
charles butt…, Agent, san jose, CA
Tue Jun 28, 2011
There is no square foot rate for property for residential property. The value per square foot is merely a factor to consider when buying a home.

However the value per square foot for a particular property is affected by many factors.

For example just some of the factors that influence value of the square footage in a home varies with the quality of construction, the quality of the finish work, the location of the property and whether or not the property is an overimprovement for the area, just to name a few of the factors that influence the value per square foot.

Also, becaue the value of the land is often very large in San Jose, it is first important to subtract the value of the land before you attempt to calculate the value per square foot.

For example a home on a 6,000 square foot lot will sell for much less than the same home on a 1 acre lot.

If you were to divide the square footage of the house into the sale price to determine the number of dollars per square foot, you will get two different answers for the same house if you do not subtract the value of the land first.


For residential property I recommend that you do not rely on dollars per square foot as a reliable measure of Fair Market Value. .
0 votes
Terri Vellios, Agent, Campbell, CA
Mon Jun 15, 2009
Ditto. This question is too vague. Are you looking for a condo? Townhouse? Single Family Home? Is the home new? Located on a busy street? Has updates? A pool? Large lot? Near Power Lines? Road Noise? This affects value. According to the Mercury News dated 5/16/09 zip code 95135 was $278 per sq. ft. and on 2/14/09 it was $272 this was the average over 20 days for 13 sold homes both period. I venture to guess it's not far off. But it is not a good way to bench mark the price of a home.

Find and choose an experienced agent and let them do what they do for a living.
Web Reference:  http://www.terrivellios.com
0 votes
Glen Mitchell, Agent, Half Moon Bay, CA
Mon Jun 15, 2009
a rough calculation of homes in the area which sold in the last 6 months gave me a number of $305. As Bill mentioned below this number is not worth much on its own. For example, maybe that's an estimate of 10 fixers and 5 estate homes, 12 properties on 5000 sq foot lots and 10 properties on 1/2 acre lots and you are trying to compare to a condo. There are many other factors that could make the number invalid. There are much better ways to get an accurate price of a home. I'd be happy to give you a free market evaluation of any property, just send over the details of what you need.

Glen
Broker
Web Reference:  http://www.maui4rent.com
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