2223 Summereve Court, San Jose, California 95122, San Jose, 95122 - 2 bed, 1 bath
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2223 Summereve Court
San Jose, California 95122
ACTIVE
CONDITION: GOOD
2Beds
1Baths
953Sq Ft
0Lot Size
Property Price
LIST PRICE$449,000
EST. MARKET VALUE
$460,480
SUMMARY
This High-Potential Investment Opportunity is a 2-bedroom, 1-bath condominium listed at $449,000—positioned well below the $460,480 Fair Market Value by 2%. This valuation gap offers $11,480 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a remodeled bathroom, granite kitchen, and pond views. While the HOA fee is notable, the move-in-ready status and proximity to major transit make this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a serene, well-connected San Jose residence.
Estimated Market Value
$460,480
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 |
|---|---|---|---|---|---|---|
★ 2223 Summereve Court Subject 2 bd · 1 ba · 953 sqft · $483 | $449,000* List Price | 2 | 1 | 953 | $483 | - |
A 2217 Summereve Court Sold 2 bd · 2 ba · 1,024 sqft · $488 · 0.0 mi | $500,000 | 2 | 2 | 1,024 | $488 | 0.0 mi |
B 2207 Summereve Court Sold 1 bd · 1 ba · 746 sqft · $576 · 0.0 mi | $430,000 | 1 | 1 | 746 | $576 | 0.0 mi |
C 1050 Summermist Court Sold 1 bd · 1 ba · 746 sqft · $556 · 0.1 mi | $415,000 | 1 | 1 | 746 | $556 | 0.1 mi |
D 2386 Balme Drive Sold 1 bd · 1 ba · 648 sqft · $563 · 0.3 mi | $365,000 | 1 | 1 | 648 | $563 | 0.3 mi |
E 2175 Summerton Drive Active 1 bd · 1 ba · 746 sqft · $536 · 0.0 mi | $399,888 List Price | 1 | 1 | 746 | $536 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1985, the property is well-maintained and move-in ready with significant updates. It features a newly remodeled bathroom, newer laminate flooring, recessed lighting, and granite countertops. Key systems are functional with a newer water heater and central HVAC, fitting the criteria for a well-maintained 5-15 year renovation profile.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Updates
The unit features high-quality interior enhancements including newer laminate flooring, recessed lighting, granite countertops, and a newly remodeled bathroom, providing a move-in-ready aesthetic.
- Serene Community Setting
Located in a gated community, this ground-level condo offers peaceful pond views from an enclosed patio and access to extensive amenities including a pool, spa, and tennis courts.
- Strategic Commuter Location
The property is ideally situated near major retail hubs like Eastridge Mall and Costco, with immediate access to Highways 101, 680, and 280 for efficient commuting across Silicon Valley.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Monthly HOA Fees
The association fee of $698 per month is notably high for a 2-bedroom, 1-bathroom unit, which may deter budget-conscious buyers and impact overall affordability.
- Significant Value Decline
The current list price of $449,000 is substantially lower than the 2023 sale price of $532,000, suggesting a sharp correction in value or potential difficulty in maintaining equity in the short term.
About 2223 Summereve Court
PEACEFUL GROUND-LEVEL CONDO WITH POND VIEWS IN GATED COMMUNITY | Welcome to this charming 2-bedroom, 1-bath first-floor condo offering 953 sq. ft. of comfortable living in a quiet, gated San Jose community. Newer laminate flooring and recessed lighting create a bright and inviting interior. The kitchen features granite countertops and hardwood cabinetry, while the newly remodeled bathroom and newer water heater add valuable updates. Enjoy a cozy gas-burning fireplace, central A/C and heat, and convenient indoor laundry with washer and dryer included. Step onto the enclosed patio with storage and BBQ area to enjoy the peaceful pond and flowing water features just outside. Community amenities include a swimming pool, spa, and two tennis courts. Conveniently located near Costco, Target, Eastridge Mall, Grand Century Plaza/Little Saigon, restaurants, shopping, and major freeway access including 101, 680, and 280. A wonderful opportunity to enjoy comfort, convenience, and serene community living in San Jose.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $698.0 / Month
Neighborhood Insights
San Jose Unified Schools
Jeanne R. Meadows Elementary School
Grades K-6 • 0.2 mi
7/10
Robert F. Kennedy Elementary School
Grades K-6 • 0.7 mi
4/10
Yerba Buena High School
Grades 9-12 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 953 | 1,090.036 |
| Lot Size | - | 1,343.164 |
| Price | $449.0K | $635.7K |
| Price per sq ft | $471 | $614 |
| Built year | 1985 | 1988 |
| HOA | $698.0 | $602 |
| Days on market | 31 | 58 |
Pricing History
Listed for Sale
Oct 21, 2026
$449,000
$479,000
-6% Price Drop
Initial Listing
Price Change
Sep 23, 2026
$479,000
Initial Listing
Sold
Nov 14, 2023
$532,000
Public Record
Sold
Feb 16, 2021
$500,000
Public Record
Sold
Oct 31, 2014
$299,000
Public Record
Sold
Mar 28, 2003
$250,000
Public Record