1191 Carrie Lee Way, San Jose, California 95118, San Jose, 95118 - 3 bed, 2 bath
1191 Carrie Lee Way
San Jose, California 95118
Property Price
SUMMARY
Analysis of 1191 Carrie Lee Way, San Jose, California 95118 reveals a Prime Investment Opportunity with a current list price of $1,699,888—significantly undercutting the $1,820,336 Fair Market Value by 6%. This valuation gap indicates a +$120,448 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1191 Carrie Lee Way Subject | $1,699,888* List Price | 3 | 2 | 1,651 | $1,103 | - |
A 1342 Carrie Lee Way Sold | $2,128,000 | 3 | 3 | 1,754 | $1,213 | 0.3 mi |
B 3496 Picadilly Drive Sold | $1,640,000 | 3 | 2 | 1,521 | $1,078 | 0.1 mi |
C 3496 Picadilly Drive Sold | $1,640,000 | 3 | 2 | 1,521 | $1,078 | 0.1 mi |
D 4464 Bald Eagle Way Sold | $1,725,000 | 4 | 2 | 1,710 | $1,009 | 0.5 mi |
E 3351 Gardendale Drive Sold | $1,610,000 | 3 | 2 | 1,265 | $1,273 | 0.2 mi |
F 1329 Rodney Drive Active | $1,998,000 List Price | 3 | 3 | 2,144 | $932 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern aesthetic updates, including vaulted ceilings, recessed lighting, and rich wood flooring. While originally built in 1957, the home has been well-maintained with a well-appointed kitchen and updated interior features. It fits the 'good' criteria as a well-maintained home with functional major systems and modern updates, though it retains some mid-century infrastructure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8165, living area = 1651.
- Outdoor Entertainment Oasis
The property features a sizable 8,331-square-foot lot with a sparkling pool, providing a private and premium space for year-round outdoor living and gatherings.
- Modern Interior Aesthetics
Thoughtful upgrades including vaulted ceilings, recessed lighting, and rich wood flooring create a bright, airy, and contemporary feel throughout the single-story layout.
CONSRISKS & DEFICIENCIES
- Mid-Century Infrastructure
Built in 1957, the home may have underlying aging systems or structural elements that require more maintenance compared to newer constructions.
- Limited Bedroom Count
At a price point near $1.7M, the three-bedroom configuration may be a constraint for larger families or buyers seeking multiple dedicated home office spaces.
About 1191 Carrie Lee Way
Nestled in the heart of Cambrian, this beautifully maintained single-story home is a rare gem that blends timeless comfort with everyday elegance. Thoughtfully designed, the home features rich wood flooring, recessed lighting, and vaulted ceilings that create an airy, light-filled atmosphere throughout. A welcoming fireplace anchors the living room, while a seperarate living and dining room offer flexibility for both entertaining and relaxed daily living. The kitchen is well-appointed with abundant cabinetry and generous workspace, ideal for hosting or casual family meals. Step outside to your private backyard retreat, where a sparkling pool sets the stage for year-round entertaining, weekend gatherings, and peaceful evenings under the stars. Offering 3 bedrooms and 2 bathrooms, this 1,651-square-foot residence sits on a sizable 8,331-square-foot lot, complete with a two-car garage and ample outdoor space. Located in a prime Cambrian location with excellent schools, and just moments from shopping, dining, and everyday conveniences, this home delivers both lifestyle and location. A true opportunity not to be missed this is Cambrian living at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 8,165 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,651 | 1,422.5 | 69% |
| Lot Size | 8,165 | 6,250 | 93% |
| Price | $1.70M | $1.66M | 55% |
| Price per sq ft | $1.0K | $1.1K | 31% |
| Built year | 1957 | 1963 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 162 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,699,888
Initial Listing
Sold
May 21, 2021
$1,470,000
Public Record
Sold
Sep 18, 2015
$995,000
Public Record