Description
Exceptional development opportunity in San Jose's coveted Evergreen neighborhood. This pristine 2.5-acre parcel offers unprecedented potential under SB9 zoning with multiple development scenarios. Located at Kettmann Road, this R1-zoned property presents a rare opportunity in one of Silicon Valley's most desirable communities. Perfect for developers, investors, or visionaries looking to create their dream estate. Development potential: *SB9 qualified property allowing multiple duplex units *Can be subdivided into multiple 8,000 sq ft lots *Each new lot eligible for one duplex (two units), two additional ADUs and total potential of 4 units. Property Highlights: Pristine hillside location with panoramic valley views *Established residential neighborhood *All utilities available near lot *Multiple access points. Recent comparable sales: *1.13-acre parcel sold for $3.1M (2022) *Similar lots in area selling for $2.3M-$3.5M per acre. Investment Value: *One of the last large developable parcels in Evergreen *Strong market appreciation in Silicon Valley *High demand location with limited large lot availability Significant development potential under SB9 *Tech stock growth driving buyer purchasing power. Don't miss this hard to find opportunity!
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2.52ACRES
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01/2 BATHS
Description
Exceptional development opportunity in San Jose's coveted Evergreen neighborhood. This pristine 2.5-acre parcel offers unprecedented potential under SB9 zoning with multiple development scenarios. Located at Kettmann Road, this R1-zoned property presents a rare opportunity in one of Silicon Valley's most desirable communities. Perfect for developers, investors, or visionaries looking to create their dream estate. Development potential: *SB9 qualified property allowing multiple duplex units *Can be subdivided into multiple 8,000 sq ft lots *Each new lot eligible for one duplex (two units), two additional ADUs and total potential of 4 units. Property Highlights: Pristine hillside location with panoramic valley views *Established residential neighborhood *All utilities available near lot *Multiple access points. Recent comparable sales: *1.13-acre parcel sold for $3.1M (2022) *Similar lots in area selling for $2.3M-$3.5M per acre. Investment Value: *One of the last large developable parcels in Evergreen *Strong market appreciation in Silicon Valley *High demand location with limited large lot availability Significant development potential under SB9 *Tech stock growth driving buyer purchasing power. Don't miss this hard to find opportunity!
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-06T17:33:59.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.