1001 Phelps Avenue, San Jose, California 95117, San Jose, 95117 - 3 bed, 3 bath
Loading property details...
1001 Phelps Avenue
San Jose, California 95117
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,919Sq Ft
6,098Lot Size
Property Price
LIST PRICE$1,698,888
EST. MARKET VALUE
$1,871,506
9% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,899,000—positioned well below the $2,001,313 Fair Market Value by 5%. This valuation gap offers $102,313 in Instant Equity for the buyer. Featuring a Remodeled Kitchen, Waterproof Laminate Flooring, and an Excellent Condition Rating, this property offers a turnkey lifestyle. Located in the Award-Winning Moreland School District, it provides a perfect balance of modern comfort and long-term stability. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a premium Silicon Valley residence.
Estimated Market Value
$1,871,506+$172,618 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1001 Phelps Avenue Subject 3 bd · 3 ba · 1,919 sqft · $975 | $1,698,888* List Price | 3 | 3 | 1,919 | $975 | - |
A 3702 Caravella Drive Sold 4 bd · 2 ba · 1,794 sqft · $1,059 · 0.6 mi | $1,900,000 | 4 | 2 | 1,794 | $1,059 | 0.6 mi |
B 1048 Savannah Drive Sold 4 bd · 2 ba · 2,264 sqft · $887 · 0.3 mi | $2,008,888 | 4 | 2 | 2,264 | $887 | 0.3 mi |
C 744 Boynton Avenue Pending 3 bd · 3 ba · 1,876 sqft · $852 · 0.4 mi | $1,599,000 List Price | 3 | 3 | 1,876 | $852 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The home features a recently remodeled kitchen with modern quartz countertops and stainless steel appliances, new interior paint, updated waterproof laminate flooring, and upgraded copper plumbing, representing a mint-condition renovation completed within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silicon Valley Location
Situated in the desirable Eden neighborhood, the home offers exceptional proximity to Santana Row, Valley Fair, and major tech corridors via easy access to 280, 880, and 85 freeways.
- Modernized Interior Finishes
The property features a fully remodeled kitchen with quartz countertops and stainless steel appliances, complemented by new interior paint and waterproof laminate flooring, ensuring move-in ready appeal.
- Exceptional Outdoor Living
The beautifully landscaped 6,098 sq. ft. lot includes eight fruit trees and a large balcony deck, providing premium space for relaxation and entertaining that is rare for the area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Lack of Central Cooling
The listing specifies central heating but lacks a central air conditioning system, which is a significant drawback for comfort during San Jose's warmer summer months.
- 1960s Era Infrastructure
Despite cosmetic updates, the 1968 construction may present original layout limitations or aging structural components that could require future capital investment compared to newer builds.
About 1001 Phelps Avenue
One of the Lowest Priced Home with Award Winning Moreland Schools*Great Opportunity*Very Quiet Inside*Desirable, Pride of Ownership EDEN NEIGHBORHOOD*Beautifully Landscaped Front and Backyards*8 Fruit Trees*Spacious Balcony Deck for Relaxing and Entertaining*Owner Memories: I loved living here so much I stayed for 33 years*Remodeled Kitchen, Quartz Slab Countertops, Pantry, Breakfast Bar, SS Appliances, 4-Burner Range and Oven, Exhaust Hood, Dishwasher, Double Basin Sink, Pendant Lights, Refrigerator*Living Room, Picture Window, Cozy Brick Fireplace, Sliding Door to Back Patio*Entertainment Center*Family Room/Dining Room, Waterproof Laminate Flooring, Recessed Lighting*Inside Laundry Room*Wine Rack Under Stairs*3 Bedrooms, Including Primary Bedroom Suite, Walk-In Closet*Primary Bathroom, Stall Shower*Spacious Bedroom, Built-In Oak Cabinets, 2 Sliding Glass Doors to Balcony*Possible 4 Bedrooms*Hall Bathroom, Shower Over Tub*Attached 2-Car Garage, Roll-Up Door, Opener*Central Heating*Newer Water Heater*New Interior Paint*Hardwood Floors*Copper Supply Piping*Comp Shingle Roof*Electrical Set Up for Hot Tub in Patio Area*Central Location to Shopping, Dining, Movie Theaters, Near Santana Row+Valley Fair Shopping Centers*Easy Access to 280/880/85 Freeways, San Tomas+Lawrence Expressways
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
George C. Payne Elementary School
Grades K-5 • 0.8 mi
7/10
Moreland Middle School
Grades 6-8 • 1.8 mi
6/10
Prospect High School
Grades 9-12 • 2.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,919 | 1,721.238 |
| Lot Size | 6,098 | 6,271.145 |
| Price | $1.70M | $1.67M |
| Price per sq ft | $885 | $972 |
| Built year | 1968 | 1965 |
| HOA | $0 | $190 |
| Days on market | 30 | 38 |
Pricing History
Listed for Sale
Oct 9, 2026
$1,698,888
$1,899,000
-11% Price Drop
Initial Listing
Price Change
Sep 24, 2026
$1,899,000
Initial Listing