2386 Balme Drive, San Jose, California 95122, San Jose, 95122 - 1 bed, 1 bath
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San Jose, California 95122
This Condominium represents a Strong Value Opportunity, listed at $375,000—positioned well below the $381,178 Fair Market Value by 1.6%. This valuation gap offers $6,178 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern kitchen and bathroom updates, complemented by a private balcony. Located near major transit arteries and Eastridge Center, this property balances commuter convenience with a low-maintenance lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers entering the Silicon Valley market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2386 Balme Drive Subject | $375,000* List Price | 1 | 1 | 648 | $588 | - |
A 1058 Tekman Drive Sold | $375,000 | 1 | 1 | 648 | $579 | 0.0 mi |
B 1050 Summermist Court Sold | $415,000 | 1 | 1 | 746 | $556 | 0.3 mi |
C 2175 Summerton Drive Active | $429,888 List Price | 1 | 1 | 746 | $576 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1984, the interior shows significant updates within the 5-15 year range, including a kitchen with stainless steel appliances and a bathroom with modern shaker-style cabinetry and stone countertops. The unit is well-maintained and move-in ready, despite some dated features like popcorn ceilings.
Priced at $375,000, this unit represents a rare entry-level opportunity in the Silicon Valley market, making it highly attractive for first-time buyers or investors seeking a low-cost entry point.
Being situated on the second and top floor ensures no neighbors are living above, providing a quieter and more private living environment compared to ground-floor units.
The property offers excellent connectivity to major transit arteries including Highway 101, 280, and 680, alongside close proximity to Eastridge Center and Lake Cunningham Park.
At only 648 square feet, the compact one-bedroom layout may feel restrictive for buyers needing extra storage or a dedicated home office space.
The $404 monthly association fee adds a significant recurring expense to the ownership cost, which may impact the debt-to-income ratio for budget-conscious buyers.
A great opportunity in East San Jose, this 1 bedroom, 1 bathroom condo offers 648 sq ft of comfortable living space in a convenient location. Positioned on the second floor/top floor, the home provides added privacy with no neighbors above and includes a private balcony for fresh air, morning coffee, or a quiet place to unwind. The functional layout makes efficient use of the space, with a comfortable living area, a dedicated bedroom, and an easy low-maintenance condo lifestyle. Whether you are a first-time buyer, investor, or someone looking for a practical San Jose home base, this unit offers strong potential in an accessible Silicon Valley location. Enjoy being near Eastridge Center for shopping, dining, and entertainment, plus Lake Cunningham Park and Action Sports Park for outdoor recreation. Commuters will appreciate convenient access to Capitol Expressway, Highway 101, 280, and 680, connecting you throughout San Jose and the greater Bay Area.
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 38% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 648 | 885 | 25% |
| Lot Size | 656 | - | 75% |
| Price | $375.0K | $550.0K | 25% |
| Price per sq ft | $579 | $579 | 50% |
| Built year | 1984 | 1982 | 50% |
| HOA | $404.0 | $452 | 25% |
| Days on market | 11 | 161 | 13% |
May 27, 2026
$375,000
Initial Listing
Mar 23, 2012
$115,500
Public Record
Oct 5, 1999
$118,000
Public Record