247 N Capitol Avenue 164, San Jose, California 95127, San Jose, 95127 - 2 bed, 1 bath
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San Jose, California 95127
This High-Potential Investment Opportunity is listed at a List Price of $380,000, positioned well below the $385,749 Fair Market Value by 1.5%. This valuation gap offers $5,749 in Instant Equity. Featuring a Condition Rating of 4, the unit requires cosmetic updates to modernize the interior. The bonus room adds significant utility, while community amenities like a pool and spa enhance rental appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the San Jose market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 247 N Capitol Avenue 164 Subject | $380,000* List Price | 2 | 1 | 777 | $496 | - |
A 259 N Capitol Avenue 231 Sold | $405,000 | 1 | 1 | 777 | $521 | 0.1 mi |
B 259 Capitol Avenue 163 Active | $449,000 List Price | 2 | 1 | 828 | $542 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is over 45 years old and maintains a largely dated interior. While the living areas are presented with digital staging, the actual bathroom fixtures and vanity are aged, and the listing description explicitly states the kitchen is 'ready for your personal touches,' indicating it has not had a recent renovation. It is functional and move-in ready but requires cosmetic and system updates to meet modern standards.
Priced at $380,000, this property offers a rare and affordable entry point into the San Jose real estate market, making it highly attractive for first-time buyers and investors.
The inclusion of a bonus room provides the functional utility of a two-bedroom residence, offering essential flexibility for a home office, guest room, or nursery.
Situated within the gated Mission Grove community, the property features resort-style amenities including a pool and spa, with HOA dues covering major utilities like water, sewer, and trash.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The $580 monthly association fee is relatively high for this price bracket, which may impact the overall monthly affordability and debt-to-income ratios for some buyers.
Built in 1977 and noted as needing 'personal touches,' the unit likely requires additional capital investment for cosmetic updates or renovations to meet contemporary standards.
Welcome to a rare opportunity in the desirable Mission Grove gated community. This spacious and versatile residence features one primary bedroom plus an additional bonus room, offering the functionality of a two-bedroom layout perfect for a home office, guest room, nursery, fitness area, or additional living space. The home offers a bright and comfortable floor plan with a spacious living area, dedicated dining space, and a functional kitchen ready for your personal touches. The generous primary bedroom, ample storage, and thoughtful layout provide both comfort and convenience. Enjoy low-maintenance living with HOA dues covering water, sewer, garbage, exterior maintenance, beautifully maintained common areas, gated access, and resort-style amenities including a community pool, spa, and clubhouse. Ideally situated in the heart of San Jose with convenient access to shopping, restaurants, parks, public transportation, and major commute routes, this home presents an excellent opportunity for first-time buyers, downsizers, or investors looking to build equity and make it their own. Affordable, flexible, and full of potential dont miss your chance to own this unique home with the functionality of a two-bedroom layout in a well-maintained gated community.
No exterior & parking available.
Grades 3-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 777 | 988 |
| Lot Size | - | 1,550 |
| Price | $380.0K | $671.0K |
| Price per sq ft | $489 | $625 |
| Built year | 1977 | 1985 |
| HOA | $580.0 | $586 |
| Days on market | 36 | 48 |
Jun 16, 2026
$380,000
Initial Listing
Oct 19, 2009
$120,000
Public Record
Jun 14, 2006
$285,000
Public Record
Oct 5, 2000
$177,500
Public Record