144 S 3rd Street 607, San Jose, California 95112, San Jose, 95112 - 1 bed, 1 bath
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San Jose, California 95112
This penthouse at Paseo Plaza represents a Strong Value Opportunity, listed at $575,000—positioned well below the $539,373 Fair Market Value by -6%. While the unit features a Condition Rating of 4 with original finishes, the penthouse status provides premium skyline views and an elevated lifestyle. The building offers extensive recent capital improvements, mitigating future assessment risks. This property is an ideal acquisition for Buy-and-Hold Investors or urban professionals seeking a high-walkability residence near SJSU and major transit hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 144 S 3rd Street 607 Subject | $575,000* List Price | 1 | 1 | 1,023 | $527 | - |
A 415 N 2nd Street 245 Sold | $635,000 | 2 | 2 | 1,050 | $605 | 0.8 mi |
B 384 S 11th Street Sold | $578,000 | 2 | 3 | 1,050 | $550 | 0.6 mi |
C 350 N 2nd Street 323 Sold | $660,000 | 2 | 2 | 1,178 | $560 | 0.7 mi |
D 144 S 3rd Street 321 Active | $525,000 List Price | 1 | 1 | 936 | $561 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, the property is nearly 30 years old and retains its original dated oak cabinetry and white tile countertops in both the kitchen and bathroom. While the unit is well-maintained and the building has recently upgraded major systems like the roof and boilers, the interior finishes are significantly dated and require modernization.
As a top-floor penthouse, this residence offers premium skyline views and an elevated sense of privacy and prestige within the Paseo Plaza community.
The complex has recently completed major capital improvements, including a new roof, updated water systems, and modernized elevators, reducing the likelihood of near-term special assessments.
The property boasts an exceptional location with immediate access to SJSU, San Pedro Square, public transit, and major employers, making it ideal for urban professionals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =954, other record lot size in square feet = 871.
The monthly HOA fee of $956 is significantly high for a one-bedroom unit, which may deter budget-conscious buyers and impact overall affordability.
With only one deeded parking space for a unit exceeding 1,000 square feet, the property may pose a challenge for couples or residents with multiple vehicles.
Desirable penthouse at Paseo Plaza in downtown San Jose. Rarely lived in as a private city retreat, this residence offers impressive skyline views and an elevated setting. Spacious living and dining area with marble-trimmed gas fireplace and wet bar ideal for relaxing or entertaining. The primary suite features balcony access, a large walk-in closet, and bath with dual vanities and shower-over-tub. Bright kitchen with minimal use and a recently purchased oven. Additional highlights include abundant natural light, in-unit laundry, and one deeded parking space. Paseo Plaza has completed major upgrades including a new roof, updated water system and boilers, and modernized garage gates and elevators. Secure community with pool, spa, fitness center, lounge, and landscaped courtyards. Prime downtown location near City Hall, MLK Library, SJSU, Caesar Chavez Park, San Pedro Square, dining, eateries, Caltrain, VTA Light Rail, SAP Center, Highways 280 & 87, and Mineta San Jose International Airport.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,023 | 1,050 | 47% |
| Lot Size | 954 | - | 88% |
| Price | $575.0K | $660.0K | 29% |
| Price per sq ft | $562 | $584 | 41% |
| Built year | 1996 | 2001 | 41% |
| HOA | $956.0 | $703 | 94% |
| Days on market | 60 | 137 | 12% |
Apr 27, 2026
$575,000
$600,000
-4% Price Drop
Initial Listing
Apr 8, 2026
$600,000
Initial Listing
Mar 28, 2000
$317,500
Public Record
Aug 16, 1996
$220,000
Public Record