216 Cheltenham Place, San Jose, California 95139, San Jose, 95139 - 4 bed, 3 bath

216 Cheltenham Place
San Jose, California 95139
Property Price
SUMMARY
Analysis of 216 Cheltenham Place, San Jose, California 95139 reveals a Prime Investment Opportunity with a current list price of $1,599,999—significantly undercutting the $1,664,125 Fair Market Value by 3%. This valuation gap indicates a +$64,126 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 216 Cheltenham Place Subject | $1,599,999* List Price | 4 | 3 | 2,347 | $709 | - |
A 7528 Phinney Place Sold | $1,720,000 | 5 | 3 | 2,347 | $733 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1977, the property has undergone extensive recent renovations that meet modern quality standards. The kitchen is fully remodeled with contemporary cabinetry, stone countertops, and stainless steel appliances. The interior features updated flooring (LVP/hardwood and fresh carpet), modern recessed lighting, and updated bathrooms. The addition of owned solar panels and the well-maintained condition of the systems and finishes suggest the home has been renovated within the last 5 years, qualifying it for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Kitchen & Open Layout
The home features a beautifully remodeled kitchen with modern finishes that flows seamlessly into the main living and dining areas, catering to contemporary preferences for open-concept entertaining.
- Flexible Living Potential
A large downstairs living area provides exceptional versatility, offering the potential for a fifth bedroom, home office, or a multi-generational living suite to accommodate diverse family needs.
- Energy Efficiency
The inclusion of owned solar panels is a significant value-add, providing the homeowner with substantial long-term energy savings and environmental benefits.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Aging Infrastructure
Constructed in 1977, the property may have original systems or structural components that require more frequent maintenance or updates compared to newer builds.
- Limited Usable Outdoor Space
While offering beautiful hillside views, the 6,050 sqft lot size and sloped topography may limit the amount of flat, usable yard space for recreation or gardening.
About 216 Cheltenham Place
The home you have been waiting for in the hillside Santa Teresa neighborhood of San Jose is here! From the moment you walk in, you are welcomed by a light-filled floor plan that blends open-concept living with thoughtfully defined spaces for both entertaining and everyday comfort. The remodeled kitchen is the heart of the home, featuring modern finishes and seamless flow into the main living and dining areas. Downstairs, a spacious third living area, believed to have originally been offered as a fifth bedroom option, offers excellent flexibility for guests, a home office or playroom, with potential for conversion to accommodate multi-generational living. Upstairs, generously sized bedrooms offer comfort for all, and the primary suite feels like a peaceful retreat! Step outside to lush landscaping and beautiful hillside views, perfect for morning coffee or evening gatherings. Additional highlights include owned solar for energy savings! Ideally located near the golf course, hiking trails, shopping, and dining, this is a rare opportunity in one of South San Jose's most desirable hillside communities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 6,050 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,347 | 1,608 | 75% |
| Lot Size | 6,050 | 6,050 | 50% |
| Price | $1.60M | $1.41M | 63% |
| Price per sq ft | $682 | $896 | 13% |
| Built year | 1977 | 1975 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 170 | 13% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,599,999
Initial Listing





























