
San Jose, California 95122
This High-Potential Investment Opportunity is a versatile condo listed at $398,888, positioned well below the $390,478 Fair Market Value by -2%. Featuring a 4 Condition Rating, the unit offers a functional layout with a loft and community pool access. While the property requires cosmetic updates, its location near top-rated schools like Jeanne R. Meadows Elementary provides long-term stability. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the San Jose market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1034 Summermist Court Subject | $393,888* List Price | 1 | 1 | 720 | $528 | - |
A 1050 Summermist Court Sold | $415,000 | 1 | 1 | 746 | $556 | 0.0 mi |
B 2386 Balme Drive Sold | $365,000 | 1 | 1 | 648 | $563 | 0.3 mi |
C 2175 Summerton Drive Active | $420,888 List Price | 1 | 2 | 746 | $564 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is functional and move-in ready but significantly dated. While it features central HVAC and updated laminate flooring, the kitchen cabinetry and overall finishes appear to be original or older than 20 years, requiring cosmetic updates and minor repairs to meet modern standards.
The inclusion of a loft and high ceilings significantly enhances the 720 sq. ft. layout, providing a flexible area for a home office, guest space, or additional storage.
The unit is equipped with highly desirable features for this price point, including central air conditioning, heating, and the convenience of in-unit laundry.
Priced under $400,000 in the San Jose market, this property offers a strong 'own vs. rent' proposition for first-time buyers looking to establish homeownership.
The absence of a private garage is a notable drawback in a commuter-heavy area like San Jose, which may impact resident convenience and vehicle security.
The $614 monthly association fee is relatively high for a one-bedroom unit, which could impact a buyer's debt-to-income ratio and overall monthly budget.
Why pay rent, when you can own! Welcome to this bright and versatile San Jose condo offering approximately 720 sq. ft. of living space. The home features 1 bedroom, 1 full bathroom, and a loft that can be used as a second sleeping area, home office, or flex space. High ceilings enhance the open layout and create a spacious feel throughout the home. The kitchen is equipped with an electric oven range, dishwasher, and refrigerator, along with a breakfast bar and eat-in dining area. Flooring includes a combination of carpet and laminate throughout the home. Additional conveniences include in-unit laundry and central air conditioning and heating. Residents enjoy access to a community pool facility. The property does not include garage parking and does not feature a separate family room. Conveniently located in San Jose within the Franklin-McKinley Elementary School District, with easy access to nearby shopping, dining, and commuter routes.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.7 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 720 | 988 |
| Lot Size | - | 1,550 |
| Price | $393.9K | $671.0K |
| Price per sq ft | $547 | $625 |
| Built year | 1985 | 1985 |
| HOA | $614.0 | $586 |
| Days on market | 100 | 48 |
Jun 18, 2026
$393,888
$398,888
-1% Price Drop
Initial Listing
May 24, 2026
$398,888
$405,000
-2% Price Drop
Initial Listing
Apr 14, 2026
$405,000
Initial Listing
Feb 23, 2011
$125,000
Public Record
May 17, 2005
$286,500
Public Record