2607 Gimelli Place 115, San Jose, California 95133, San Jose, 95133 - 2 bed, 2 bath
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2607 Gimelli Place 115
San Jose, California 95133
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
975Sq Ft
0Lot Size
Property Price
LIST PRICE$530,000
EST. MARKET VALUE
$553,280
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $530,000—positioned well below the $553,281 Fair Market Value by 4%. This valuation gap offers $23,281 in Instant Equity for the buyer. Featuring a comprehensive top-to-bottom remodel and a Mint Condition Rating, this ground-level unit offers modern kitchen finishes and seamless commuter access to the Berryessa BART. It is an ideal acquisition for Silicon Valley professionals or first-time buyers seeking a move-in ready, low-maintenance lifestyle.
Estimated Market Value
$553,280+$23,280 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2607 Gimelli Place 115 Subject | $530,000* List Price | 2 | 2 | 975 | $567 | - |
A 2547 Easton Ln 18 Sold | $560,000 | 2 | 2 | 975 | $574 | 0.1 mi |
B 661 Devlin Court Sold | $495,000 | 1 | 1 | 720 | $688 | 0.1 mi |
C 902 Gilchrist 3 Sold | $489,000 | 2 | 1 | 903 | $542 | 0.5 mi |
D 861 Wyman Way 2 Sold | $510,000 | 2 | 1 | 903 | $565 | 0.5 mi |
E 2452 Sequester Court Active | $665,000 List Price | 2 | 2 | 979 | $679 | 0.9 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.
The property has undergone a comprehensive top-to-bottom remodel, featuring a brand-new kitchen with modern cabinetry and appliances, updated bathrooms with contemporary fixtures, and new flooring throughout. Key systems have also been addressed with a new water heater and wall AC unit, placing it in mint, turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Remodel
The property is in turnkey condition following a comprehensive top-to-bottom remodel, featuring new flooring, modernized kitchen cabinetry, updated bathroom fixtures, and brand-new appliances, providing immediate value to the buyer.
- Strategic Commuter Location
Ideally situated for Silicon Valley professionals, the condo offers exceptional proximity to the Berryessa BART station and immediate access to major transit arteries including Highways 101, 880, and 680.
- Ground-Level Accessibility
The unit features a desirable ground-floor layout with step-free access, offering enhanced convenience for move-in and long-term accessibility that appeals to a broad demographic of buyers.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $597 is relatively high for a two-bedroom condo at this price point, which may impact the overall monthly affordability and debt-to-income ratio for potential borrowers.
- Moderate School Ratings
The assigned public schools have ratings ranging from 4 to 6, which may be a deterrent for families specifically seeking the top-tier educational districts often found in the surrounding Silicon Valley area.
About 2607 Gimelli Place 115
Move-in ready and beautifully refreshed, this turnkey ground-level condo offers the perfect blend of modern style and everyday convenience in the heart of Silicon Valley! Enjoy effortless, step-free access to an inviting, bright floor plan that the owner has almost completely remodeled from top to bottom. Major upgrades include gorgeous new flooring and baseboards throughout, all-new interior doors, a new water heater, and a brand-new wall AC unit. The fully remodeled kitchen inspires culinary creativity with new modernized cabinetry, a sleek electric vent hood, a modern electric cooktop, and a new dishwasher, while the hallway bathroom has been tastefully updated with clean, contemporary fixtures. For added value and convenience, the washer, dryer, and refrigerator are all included with the sale. Situated in a highly desirable San Jose community, Unit 115 is a commuter's dream, located just minutes from the Berryessa BART station and major tech employers, with fast access to Highways 101, 880, and 680, plus easy proximity to local shopping centers, diverse dining options, and scenic neighborhood parks.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $597.0 / Month
Neighborhood Insights
San Jose Unified Schools
Ben Painter Elementary School
Grades PK-8 • 0.3 mi
5/10
William Sheppard Middle School
Grades 6-8 • 0.3 mi
4/10
Independence High School
Grades 9-12 • 0.8 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 | 975 | 1,088.503 |
| Lot Size | - | 1,303.863 |
| Price | $530.0K | $648.7K |
| Price per sq ft | $544 | $614 |
| Built year | 1981 | 1987 |
| HOA | $597.0 | $594 |
| Days on market | 41 | 56 |
Pricing History
Listed for Sale
Jul 30, 2026
$530,000
Initial Listing
Sold
Dec 17, 2013
$290,000
Public Record
Sold
Feb 9, 1999
$148,000
Public Record