1060 S 3rd Street 148, San Jose, California 95112, San Jose, 95112 - 2 bed, 2 bath
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San Jose, California 95112
This Modern Urban Condominium is a Strong Value Opportunity, listed at $499,995—positioned well below the $545,000 Fair Market Value by 8%. This valuation gap offers $45,005 in Instant Equity, further enhanced by a $10,000 forgivable loan for closing costs. Boasting a Good Condition Rating, the interior features a Granite Kitchen, Stainless Steel Appliances, and a Private Patio. With Resort-Style Amenities and proximity to SJSU, this is a premier acquisition for first-time buyers or Buy-and-Hold Investors seeking urban connectivity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1060 S 3rd Street 148 Subject | $499,995* List Price | 2 | 2 | 1,000 | $545 | - |
A 1060 S 3rd Street 311 Sold | $375,000 | 1 | 1 | 667 | $562 | 0.1 mi |
B 384 S 11th Street Sold | $578,000 | 2 | 3 | 1,050 | $550 | 0.9 mi |
C 1060 S 3rd Street 129 Active | $569,900 List Price | 2 | 2 | 1,000 | $570 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property is approximately 19 years old, placing it within the 'good' category criteria. The unit is move-in ready with well-maintained original features, including granite countertops in the kitchen and bathrooms, stainless steel appliances, and bamboo/wood flooring. While the cabinetry and fixtures reflect the mid-2000s style, they show minimal wear and tear, and the overall condition of the interior and community amenities indicates consistent upkeep without the need for immediate major renovations.
The property qualifies for a $10,000 forgivable loan for closing costs or down payments, providing a substantial financial advantage for eligible first-time or first-generation homebuyers.
Located near Downtown San Jose, SJSU, and major transit hubs like Caltrain and VTA, the unit offers exceptional accessibility for commuters and those seeking an urban lifestyle.
Residents enjoy a robust suite of amenities including a pool, fitness center, billiards room, and secure underground parking with two dedicated spots, adding significant lifestyle value.
The association fee of $807 per month is relatively high for a 1,000-square-foot condo, which may impact monthly affordability and debt-to-income ratios for buyers.
Being a first-floor unit with a patio facing the central courtyard, the property may experience increased noise and reduced privacy from residents using the common areas.
Homebuyer Assistance Program: qualified buyers receive $10,000 for closing costs, rate buy-down &/or down payment! This no-interest, no-payment, private forgivable loan is only available in eligible areas like this condo (and buyers can make up to $292,800 or even $390,400 if they're "first generation" homebuyers).Quiet location at back of complex with easy access to garage stairs and two dedicated parking spots. This first floor unit has a private patio that looks over the central courtyard area.The laundry/utility room is connected to the kitchen. The complex has a secure entrance/underground parking,community pool, billiards room, conference rooms, fitness room,& common area kitchen. Just a short distance to Downtown SJ restaurants, bars, and entertainment venues (sports, museums, galleries, SJSU). Easy access to major freeways and public transportation (Caltrain and VTA @ Tamien) and it's a short drive to San Jose airport (SJC). Everything you need is right here. New park being built with estimated completion early 2028 at Keyes and Third. Seller moving to SFR
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,000 | 1,125 | 35% |
| Lot Size | - | - | 50% |
| Price | $500.0K | $635.0K | 20% |
| Price per sq ft | $500 | $554 | 25% |
| Built year | 2005 | 2000 | 70% |
| HOA | $807.0 | $711 | 60% |
| Days on market | 60 | 141 | 10% |
Mar 17, 2026
$499,995
$545,000
-8% Price Drop
Initial Listing
Feb 21, 2026
$545,000
Initial Listing