1538 Meadow Ridge Circle, San Jose, California 95131, San Jose, 95131 - 2 bed, 2 bath
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1538 Meadow Ridge Circle
San Jose, California 95131
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
988Sq Ft
1,091Lot Size
Property Price
LIST PRICE$699,999
EST. MARKET VALUE
$718,608
SUMMARY
This Move-In Ready Condominium is a Prime Investment Opportunity, listed at $699,999—positioned well below the $718,608 Fair Market Value by 2%. This valuation gap offers $18,609 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with modern luxury vinyl plank flooring and updated baths, this unit offers resort-style amenities including a pool, spa, and tennis courts. Located near Northwood Elementary (9/10), this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, well-connected Silicon Valley residence.
Estimated Market Value
$718,608
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 |
|---|---|---|---|---|---|---|
★ 1538 Meadow Ridge Circle Subject | $699,999* List Price | 2 | 2 | 988 | $727 | - |
A 1554 Meadow Ridge Circle Sold | $734,000 | 2 | 2 | 1,075 | $683 | 0.0 mi |
B 1725 Parkview Green Circle Sold | $740,000 | 2 | 1 | 940 | $787 | 0.2 mi |
C 1302 Fairway Entrance Drive Sold | $715,000 | 2 | 2 | 988 | $724 | 0.1 mi |
D 1567 Thornbriar Drive Sold | $700,000 | 2 | 2 | 922 | $759 | 0.4 mi |
E 1350 Fairway Entrance Drive Sold | $790,000 | 3 | 2 | 1,203 | $657 | 0.1 mi |
F 112 Morning Star Drive Sold | $678,400 | 2 | 2 | 1,080 | $628 | 0.4 mi |
G 1574 Thorncrest Drive Sold | $694,000 | 2 | 2 | 913 | $760 | 0.4 mi |
H 1309 Fairway Entrance Drive Sold | $670,000 | 2 | 2 | 988 | $678 | 0.1 mi |
I 1637 Thorncrest Drive Active | $730,000 List Price | 2 | 2 | 922 | $792 | 0.4 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 1987, the property has undergone significant recent renovations within the last 5 years. Interior images show modern luxury vinyl plank flooring, updated bathrooms with contemporary vanities and tile work, recessed lighting, and crown molding. The unit is in mint, move-in-ready condition with no apparent deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Northwood Elementary School (9/10). High School: Milpitas High School (9/10).
- Prime Location & Connectivity
Ideally situated in North San Jose across from Townsend Park and the Municipal Golf Course, offering excellent proximity to Berryessa BART and major Silicon Valley highways (880, 680, 101).
- Modern Interior Upgrades
This move-in-ready home features stylish luxury vinyl plank flooring throughout, a light-filled open floor plan, and a cozy fireplace, providing a contemporary living aesthetic.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1091, other record lot size in square feet = 436.
- Stagnant Market Performance
With 50 days on the market and three consecutive price reductions from the original $734,000, the property is struggling to gain traction at its current valuation.
- High Monthly Carrying Costs
The $575 monthly association fee is a significant recurring expense for a sub-1,000 square foot condo, which may impact overall affordability for first-time buyers.
About 1538 Meadow Ridge Circle
Welcome to this beautifully updated 2-bedroom, 2-bath first-floor corner-unit condominium offering 988± sq. ft. of stylish, single-level living in one of North San Joses most desirable communities. This move-in-ready home features luxury vinyl plank flooring throughout, an open, light-filled floor plan, and a cozy fireplace. The spacious living area opens to a private patio, perfect for relaxing or entertaining. Additional features include in-unit laundry, an attached garage, and assigned parking. Enjoy resort-style amenities including a pool, spa, and tennis courts. Ideally located across from Townsend Park and the San Jose Municipal Golf Course, and just minutes from the Berryessa BART Station with convenient access to Highways 880, 680, and 101. Close to shopping, dining, and major Silicon Valley employers. Whether youre a first-time buyer, downsizing, or seeking an excellent investment opportunity, this home offers the perfect combination of comfort, convenience, and location. Dont miss it!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 1,091 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $575.0 / Month
Neighborhood Insights
San Jose Unified Schools
Vinci Park Elementary School
Grades K-5 • 0.6 mi
8/10
Brooktree Elementary School
Grades K-5 • 1.2 mi
6/10
Cherrywood Elementary School
Grades PK-5 • 1.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 988 | 1,088.503 |
| Lot Size | 1,091 | 1,303.863 |
| Price | $700.0K | $648.7K |
| Price per sq ft | $709 | $614 |
| Built year | 1987 | 1987 |
| HOA | $575.0 | $594 |
| Days on market | 60 | 56 |
Pricing History
Listed for Sale
Aug 27, 2026
$699,999
$709,000
-1% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$709,000
$719,950
-2% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$719,950
$734,000
-2% Price Drop
Initial Listing
Price Change
Jul 11, 2026
$734,000
Initial Listing
Sold
Dec 8, 2023
$670,000
Public Record
Sold
Jul 29, 2016
$620,000
Public Record