421 Colony Cove Drive, San Jose, California 95123, San Jose, 95123 - 2 bed, 1 bath
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San Jose, California 95123
This Corner-Unit Condominium represents a strategic Value-Add Asset listed at $599,888. While the $476,605 Fair Market Value reflects its current Condition Rating of 5, the property offers significant upside through a full interior rehabilitation. Key structural strengths include a rare attached two-car garage, central A/C, and a private corner layout. Situated near top-rated Santa Teresa High School and just 15 minutes from Netflix and Adobe headquarters, the location commands strong market interest. This is an optimal project for Fix-and-Flip Investors or Contractors targeting Silicon Valley professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 Colony Cove Drive Subject | $599,888* List Price | 2 | 1 | 919 | $519 | - |
A 5368 Colony Park Circle Sold | $625,000 | 2 | 1 | 919 | $680 | 0.2 mi |
B 285 Tradewinds Drive 6 Sold | $445,000 | 2 | 1 | 959 | $464 | 0.8 mi |
C 5480 Tradewinds Walkway 1 Sold | $460,000 | 2 | 1 | 810 | $568 | 0.9 mi |
D 5558 Judith Street 1 Active | $490,000 List Price | 2 | 1 | 903 | $543 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1984 (40 years old) and largely retains its original kitchen and bathroom finishes, including dated cabinetry, laminate countertops, and older appliances. While the main living areas feature newer laminate flooring, one bedroom has heavily stained carpet and the bathroom shows significant age. Per the criteria, the 30+ year age of the primary systems and lack of major renovations to high-value areas necessitate a full rehab.
Ideally located within a 15-minute drive of major tech employers like Netflix, Adobe, and Zoom, offering excellent commute times for Silicon Valley professionals.
As a corner unit, this residence offers increased privacy and a more open feel compared to standard units, complemented by the rare convenience of an attached two-car garage.
The property is equipped with essential modern conveniences including central A/C, heating, and an inside laundry area, which are premium features for this price bracket.
The 2-bedroom, 1-bathroom configuration may limit appeal for small families or co-living situations where a second bathroom is often a standard requirement.
A monthly association fee of $544 represents a significant recurring expense that may impact the purchasing power and overall affordability for budget-conscious buyers.
Welcome to this charming and beautifully maintained residence in the Colony Green community of San Jose, located next to well-regarded schools, including Del Roble Elementary, Leonard Herman Intermediate, and Santa Teresa High. This corner unit offers a thoughtfully designed layout that blends comfort and style. Upstairs, the living room, kitchen, and dining area flow seamlessly together, featuring classic flooring and warm tones that create an inviting atmosphere. The space is complemented by two bedrooms, including one with a walk-in closet, plus a full bathroom and inside laundry, ideal for family living with central A/C and heating. Downstairs, the property provides the convenience of an attached two-car garage, completing a home that balances functionality with modern living. The neighborhood is marked by meticulously cared-for greenery and a tranquil environment. Conveniently located near Highway 85, this area offers easy access to shopping such as Nordstrom Rack and Whole Foods, and is surrounded by several parks. Just a 15-minute drive brings you to major tech hubs such as Netflix, Adobe and Zoom.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 5-8 • 1.1 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 919 | 916 | 51% |
| Lot Size | - | - | 50% |
| Price | $599.9K | $522.0K | 64% |
| Price per sq ft | $653 | $607 | 69% |
| Built year | 1984 | 1984 | 50% |
| HOA | $544.0 | $603 | 47% |
| Days on market | 34 | 111 | 2% |
Apr 4, 2026
$599,888
$649,888
-8% Price Drop
Initial Listing
Mar 19, 2026
$649,888
Initial Listing
Feb 21, 2014
$330,000
Public Record
Jan 17, 2014
$300,000
Public Record
Jan 25, 1995
$128,000
Public Record