AI Report: 1494 Meridian Ave, San Jose | Vetta Home Demo | Vetta Home<br>VettaHome
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← Back to Vetta HomeDEMO REPORT<br>Risk Score:42/100 (Low-Moderate)
1494 Meridian Ave<br>San Jose, CA<br>View on Redfin →<br>Sold Price<br>$1.40M<br>List: $1.34M<br>$873/sqft
4 beds2 baths1,604 sqftLot: 0.21 acresBuilt 1954Multi-FamilyMLS# ML82024742<br>AI Fair Market Value<br>$1.38M
Suggested Offer Range<br>$1.32M - $1.42M
Based on 12 multi-family comps in 95125 zip code over past 90 days. Multi-family properties in this area averaging $873/sqft. Property sold for $1.4M (4.5% above list), indicating strong buyer demand.
Monthly payment + cash to close<br>On $1,340,000 list price<br>Monthly (PITI + HOA)<br>$8,907<br>P&I $6,953 · Tax $1,396 · Ins $558
Cash needed at closing<br>$301,500<br>Down $268,000 · Closing costs $33,500 (~2.5%)
Down payment%<br>Interest rate%<br>Loan termyrs<br>Property tax%<br>Insurance%<br>HOA/mo
Defaults: California Prop 13 tax reset at purchase (1.25%), ~0.5% insurance (raise if the home is in a wildfire/flood zone). Edit any field with your actual prequal numbers.
Disclosure Analysis<br>4 documents: SPQ, TDS, NHD, Pest Report
This 1954 multi-family property shows typical age-related concerns. The dual-unit configuration requires careful review of rental income potential and zoning compliance. Foundation and plumbing are primary areas to investigate given the 70+ year age.
Red Flags (4)<br>HIGHOriginal Cast Iron Plumbing
Main sewer line is original cast iron from 1954. Video inspection recommended before closing. Replacement cost if needed: $15,000-25,000 for trenchless, $30,000-45,000 for traditional.<br>Source: Pest Report - Page 6
MEDIUMFoundation Crack - South Wall
Horizontal crack noted on south foundation wall measuring approximately 3/16 inch. Seller states crack has been stable for 5+ years. Recommend structural engineer evaluation ($400-600).<br>Source: TDS - Page 4, Section 8
MEDIUMDual-Unit Permit Status
Property listed as multi-family. Verify both units have proper permits and meet current ADU/rental regulations. Non-conforming units may affect financing or insurance.<br>Source: SPQ - Page 2
LOWEarthquake Zone
Property is 2.3 miles from Hayward Fault. Standard seismic hazard zone. Foundation not retrofitted. Earthquake insurance recommended (~$1,200/year at this value).<br>Source: NHD - Page 3
Recommendations<br>✓Order sewer line video inspection ($300-500) before removing contingencies<br>✓Get structural engineer evaluation of foundation crack<br>✓Verify dual-unit permit status with San Jose Planning Department<br>✓Request copies of current rental agreements if units are tenanted<br>✓Budget for foundation retrofit ($8,000-15,000) if not completed
Environment Analysis<br>Overall Score<br>72/100
Safety<br>68/100<br>Safe<br>Noise Level<br>68/100<br>Road: 55
Schools<br>85/100<br>3 nearby
Risk factors on the map<br>Sign in to load the hazard layers<br>Loading map...
Safety Details<br>Jurisdiction: San Jose<br>Incidents (1km radius): 156 in 365 days<br>Rate: 8.2 per 1,000 residents<br>• Crime rate slightly above San Jose average<br>• Most incidents are property crimes (vehicle break-ins)<br>• No violent crimes reported within 500m in past 6 months
Nearby Schools<br>Blackford Elementary School<br>elementary • 0.5 mi
5/10<br>Monroe Middle School<br>middle • 1.9 mi
3/10<br>Del Mar High School<br>high • 1 mi
5/10
Superfund Site: Lorentz Barrel & Drum (3.2km away)<br>Risk Score: 8/100 (low)
Feng Shui Analysis<br>Overall Score<br>70/100
Facing Direction<br>225°<br>Southwest
Road Sha Score<br>75/100<br>1 issues
Overall: Period 9 chart shows balanced energy for multi-family use<br>Advice: Southwest facing favorable for rental income. Consider enhancing the front entry with plants.<br>Water: No significant water features nearby - neutral impact<br>Roads: Minor T-junction to north, place protective element near front door
Market Comparable Analysis<br>Avg Sold Price<br>$1.38M
Avg $/Sqft<br>$875
Active Listings
Sold (90 days)<br>12
Market Insights<br>•Sold for $60K (4.5%) above list price - competitive market<br>•Multi-family properties highly sought in San Jose rental market<br>•Del Mar High School (rating 5) adds value to family buyers<br>•Recent comp at 1502 Lincoln Ave sold for $1.35M (similar sqft)<br>•ADU-potential properties commanding 5-10% premium in this area
AI Summary<br>Property sold above asking, reflecting strong demand for multi-family homes in this school district. List price of $1.34M was below market - final sale at $1.4M aligns with comps.
Offer Strategy<br>1Property already sold at $1.4M - use as comp reference
2For similar properties: Start 2-3% below list with strong contingencies
3Sewer inspection contingency is essential for 1950s homes
4Multi-family demand high - expect competition from investors
5Consider pre-inspection to strengthen offer competitiveness
Questions to Ask<br>?What is the current rental income from both units?
?When was sewer line last scoped or repaired?
?Are both units legally permitted as separate dwellings?
?Has foundation crack been evaluated by structural engineer?
?What are current lease terms for tenants...