2834 Rainwood Court, San Jose, California 95148, San Jose, 95148 - 4 bed, 2 bath
2834 Rainwood Court
San Jose, California 95148
Property Price
SUMMARY
Analysis of 2834 Rainwood Court, San Jose, California 95148 reveals a Prime Investment Opportunity with a current list price of $1,100,000—significantly undercutting the $1,145,968 Fair Market Value by 4%. This valuation gap indicates a +$45,968 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 2834 Rainwood Court Subject | $1,100,000* List Price | 4 | 2 | 1,380 | $830 | - |
A 2816 Scottsdale Drive Sold | $1,350,000 | 4 | 2 | 1,451 | $930 | 0.8 mi |
B 2563 Gumdrop Drive Sold | $1,200,000 | 3 | 2 | 1,487 | $807 | 0.4 mi |
C 2995 Pettigrew Court Sold | $1,240,000 | 3 | 2 | 1,358 | $913 | 1.0 mi |
D 2604 Bon Bon Drive Sold | $1,218,000 | 3 | 2 | 1,487 | $819 | 0.4 mi |
E 2209 Fairmont Drive Sold | $1,399,888 | 3 | 2 | 1,472 | $951 | 1.0 mi |
F 2595 Gumdrop Drive Pending | $1,395,000 List Price | 4 | 2 | 1,487 | $938 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1979, the property is described as a 'blank canvas,' indicating it remains largely in its original state or has not been updated in several decades. The kitchen and bathrooms feature dated cabinetry, laminate countertops, and older appliances consistent with the era of construction. While the structure appears sound and maintained, the interior requires significant cosmetic modernization, including new flooring, updated light fixtures, and a full kitchen/bath remodel to meet current 'good' or 'excellent' standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Evergreen Valley High School (9/10).
- Top-Tier School District
The property is located in the highly desirable Evergreen area, providing access to top-rated schools such as Evergreen Valley High (9/10) and Quimby Oak Middle (7/10), which are major drivers for property value.
- High Equity Potential
Marketed as a 'blank canvas,' this home offers a significant opportunity for investors or handy homeowners to customize the space and build immediate sweat equity through renovations.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Needed
The description indicates the home requires substantial updates and personal touches, suggesting that the buyer will need to budget for significant additional costs beyond the purchase price.
- Compact Living Area
With 1,380 square feet of living space for a four-bedroom home, the individual room sizes may feel constrained compared to more modern or larger-scale builds in the area.
About 2834 Rainwood Court
This is a great opportunity to own in Evergreen. A blank canvas for you to come in and add your personal touches to make it a dream home. The possibilities are endless!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 5,100 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Cedar Grove Elementary School
Grades K-6 • 0.2 mi
Norwood Creek Elementary School
Grades K-6 • 0.3 mi
Millbrook Elementary School
Grades K-6 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,380 | 1,562 | 22% |
| Lot Size | 5,100 | 6,009 | 22% |
| Price | $1.10M | $1.47M | 13% |
| Price per sq ft | $797 | $877 | 31% |
| Built year | 1979 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 150 | 3% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,100,000
Initial Listing
Sold
Oct 24, 2002
$447,000
Public Record