
San Jose, California 95112
This 2006-built condominium represents a Strong Value Opportunity, listed at $399,888—positioned well below the $426,944 Fair Market Value by 6%. This valuation gap provides $27,056 in Instant Equity for the buyer. Featuring a Good Condition Rating and a private patio, the unit offers a functional, modern layout in a strategic urban location. While carrying costs include a $550 HOA fee, the proximity to downtown and local schools adds long-term utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into the San Jose market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 125 Patterson Street 317 Subject | $620,888* List Price | 2 | 2 | 1,061 | $575 | - |
A 1060 S 3rd Street 307 Sold | $488,000 | 2 | 2 | 1,100 | $444 | 0.4 mi |
B 1060 S 3rd Street 129 Sold | $545,000 | 2 | 2 | 1,000 | $545 | 0.4 mi |
C 144 S 3rd Street 321 Sold | $475,000 | 1 | 1 | 936 | $507 | 0.6 mi |
D 125 Patterson Street 109 Active | $579,800 List Price | 1 | 1 | 945 | $614 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is exactly 20 years old, placing it in the 'Good' category. The exterior and courtyard appear well-maintained and functional. As a mid-2000s construction, the HVAC and electrical systems are relatively modern and the unit is likely move-in ready, though interior finishes may be reaching the end of their initial style cycle.
Listed at $399,888, the property is priced significantly below its 2021 sale price of $650,000, offering a rare and aggressive entry point into the San Jose real estate market.
Built in 2006, this condominium features a contemporary 2-bedroom, 2-bathroom floor plan with over 1,000 square feet of living space, catering well to modern lifestyle needs.
Situated in the 95112 zip code, the property provides excellent proximity to downtown San Jose and is within walking distance (0.37 miles) to Washington Elementary School.
The $550 monthly association fee represents a significant recurring expense that may impact overall affordability and the buyer's debt-to-income ratio.
The assigned middle and high schools have relatively low ratings (3/10 and 5/10), which could be a deterrent for families prioritizing academic performance and may affect future resale value.
Exceptional opportunity in San Jose. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,061 | 1,088.503 |
| Lot Size | - | 1,303.863 |
| Price | $620.9K | $648.7K |
| Price per sq ft | $585 | $614 |
| Built year | 2006 | 1987 |
| HOA | $550.0 | $594 |
| Days on market | 48 | 56 |
Aug 14, 2026
$620,888
$399,888
+55% Price Increase
Initial Listing
Jul 23, 2026
$399,888
Initial Listing
Jun 21, 2021
$650,000
Public Record
Jul 25, 2014
$410,000
Public Record
Aug 3, 2007
$466,000
Public Record