1060 Wallace Drive, San Jose, California 95120, San Jose, 95120 - 4 bed, 2 bath
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San Jose, California 95120
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $1,649,000—positioned well below the $1,694,283 Fair Market Value by 2%. This valuation gap offers $45,283 in Instant Equity. Featuring a Mint Condition Rating, the home includes modern infrastructure upgrades like an EV charger and tankless water heater. Located in the prestigious Almaden Valley near Top-Rated Schools like Williams Elementary and Leland High, this property is an ideal fit for growing families or discerning owner-occupants seeking a lifestyle-focused, turnkey residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1060 Wallace Drive Subject | $1,649,000* List Price | 4 | 2 | 1,350 | $1,255 | - |
A 1056 Wallace Drive Sold | $1,825,000 | 3 | 2 | 1,423 | $1,283 | 0.0 mi |
B 6380 Vegas Drive Sold | $1,800,000 | 4 | 2 | 1,661 | $1,084 | 0.2 mi |
C 6414 Hidden Creek Drive Sold | $1,840,000 | 3 | 2 | 1,716 | $1,072 | 0.5 mi |
D 6345 El Paseo Drive Sold | $1,852,500 | 4 | 2 | 1,739 | $1,065 | 0.4 mi |
E 951 Wallace Drive Sold | $1,900,000 | 4 | 2 | 1,772 | $1,072 | 0.4 mi |
F 1264 Butterfly Drive Sold | $1,950,000 | 4 | 2 | 1,840 | $1,060 | 0.8 mi |
G 6141 Royal Acorn Place Sold | $1,988,888 | 3 | 3 | 1,760 | $1,130 | 0.5 mi |
H 6385 Tamalpais Avenue Active | $1,849,950 List Price | 4 | 2 | 1,862 | $994 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1962, the property has undergone a comprehensive modern renovation. The kitchen and bathrooms are fully updated with contemporary finishes and stainless steel appliances. Crucially, the major systems have been modernized with a new electrical panel, EV charger, and tankless water heater, placing it in mint, move-in ready condition.
Elementary School: Williams Elementary School (9/10). Middle School: C. T. English Middle School (9/10). High School: Los Gatos High School (10/10).
Situated in the highly sought-after Almaden Valley, this home offers proximity to top-tier schools including Simonds Elementary and Leland High, significantly bolstering long-term property value.
The property features essential modern enhancements such as an EV charger, tankless water heater, and an updated electrical panel, offering immediate utility and energy efficiency for the buyer.
At 1,350 square feet for a 4-bedroom configuration, the individual room sizes and overall living space may feel constrained compared to other single-family residences in the area.
Originally built in 1962, the home may require more frequent maintenance of older structural or plumbing components typical of its era, despite the recent cosmetic and utility updates.
Tastefully updated 4 bedroom, 2 bathroom north-facing home in Almaden with vaulted ceilings, skylights, recessed lighting, original hardwood floors, and abundant natural light throughout. The living and dining areas feel open and connected, leading into a bright kitchen with stainless steel appliances and gas cooking. Updated bathrooms, clean finishes, and flexible rooms offer space for work, guests, hobbies, or everyday living. The backyard features a large patio for outdoor dining, gardening, relaxing, or gathering with friends and family. A long driveway and attached garage add valuable parking, storage, home gym, or workshop potential, while the updated electrical panel, EV charger, and tankless water heater add modern utility. Enjoy a comfortable Almaden setting close to the foothills, outdoor recreation, and neighborhood amenities. Located near highly rated Almaden schools, parks, hiking and biking trails, shopping, and dining. Includes 1-year home warranty.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,350 | 1,683.5 |
| Lot Size | 6,000 | 6,300 |
| Price | $1.65M | $1.70M |
| Price per sq ft | $1.2K | $1000 |
| Built year | 1962 | 1966 |
| HOA | $0 | $160 |
| Days on market | 13 | 35 |
Jul 9, 2026
$1,649,000
Initial Listing
Jan 4, 2022
$1,550,000
Public Record
Jul 22, 2016
$854,000
Public Record