1060 Wallace Drive, San Jose, California 95120, San Jose, 95120 - 4 bed, 2 bath
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1060 Wallace Drive
San Jose, California 95120
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,350Sq Ft
6,000Lot Size
Property Price
LIST PRICE$1,599,000
EST. MARKET VALUE
$1,646,352
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $1,599,000—positioned well below the $1,646,352 Fair Market Value by 2%. This valuation gap offers $47,352 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, the home includes modern infrastructure upgrades like an EV charger and tankless water heater. Located in the San Jose Unified district near top-rated schools, this property is an ideal fit for growing families or discerning owner-occupants seeking a move-in ready home.
Estimated Market Value
$1,646,352
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 |
|---|---|---|---|---|---|---|
★ 1060 Wallace Drive Subject | $1,599,000* List Price | 4 | 2 | 1,350 | $1,220 | - |
A 1075 Cloverbrook Drive Sold | $1,610,000 | 3 | 2 | 1,104 | $1,458 | 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 6563 Camden Ave Sold | $1,625,000 | 4 | 2 | 1,772 | $917 | 0.4 mi |
G 1264 Butterfly Drive Sold | $1,950,000 | 4 | 2 | 1,840 | $1,060 | 0.8 mi |
H 6418 Vegas Drive Pending | $1,599,888 List Price | 3 | 2 | 1,468 | $1,090 | 0.3 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.
Although built in 1962, the property has undergone significant recent renovations including updated bathrooms and a kitchen with stainless steel appliances. Key systems have been modernized with a new electrical panel, EV charger, and tankless water heater. The interior is in mint condition with recessed lighting, vaulted ceilings, and refinished hardwood floors, meeting the criteria for a high-quality, move-in ready home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Williams Elementary School (9/10). Middle School: C. T. English Middle School (9/10). High School: Los Gatos High School (10/10).
- Modern Infrastructure Upgrades
The home features essential modern conveniences including an EV charger, tankless water heater, and an updated electrical panel, significantly reducing immediate capital expenditure for the buyer.
- Prime Almaden Location
Ideally situated near top-rated schools and the scenic Almaden foothills, providing residents with a high-quality lifestyle and easy access to premier hiking and biking trails.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 1,350 square feet for a four-bedroom configuration, the interior layout and individual room sizes may feel constrained for families requiring more generous proportions.
- Extended Market Time
With 57 days on the market and two consecutive price reductions, the property is currently experiencing stagnant momentum, which may affect buyer perception of value.
About 1060 Wallace Drive
This tastefully updated 4 bedroom, 2 bathroom north-facing Almaden home feels bright, comfortable, and inviting. Vaulted ceilings, skylights, recessed lighting, original hardwood floors, and abundant natural light create a warm feel throughout. The bright kitchen features stainless steel appliances, gas cooking, vaulted ceilings, and open beams. Bedrooms and updated bathrooms are set apart from the main living areas, creating a comfortable sense of separation. 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 everyday convenience. Enjoy an 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Simonds Elementary School
Grades K-5 • 0.5 mi
7/10
Los Alamitos Elementary School
Grades K-5 • 0.9 mi
8/10
Sakamoto Elementary School
Grades K-6 • 1.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,350 | 1,706.046 |
| Lot Size | 6,000 | 6,261.966 |
| Price | $1.60M | $1.68M |
| Price per sq ft | $1.2K | $979 |
| Built year | 1962 | 1965 |
| HOA | $0 | $200 |
| Days on market | 62 | 37 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,599,000
$1,624,888
-2% Price Drop
Initial Listing
Price Change
Aug 21, 2026
$1,624,888
$1,649,000
-1% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$1,649,000
Initial Listing
Sold
Jan 4, 2022
$1,550,000
Public Record
Sold
Jul 22, 2016
$854,000
Public Record