4292 Meg Drive, San Jose, California 95136, San Jose, 95136 - 5 bed, 3 bath
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San Jose, California 95136
This Spacious Renovated Residence is a Prime Investment Opportunity, listed at $1,698,888—positioned well below the $1,748,000 Fair Market Value by 2%. This valuation gap provides $49,112 in Instant Equity. Boasting a Condition Rating of 2, the home features a modernized kitchen, new roof, and copper repiping. The expansive 9,361 sq ft lot offers significant ADU potential and a private patio. Located in the San Jose Unified district, it is an ideal match for Owner-Occupants or Multi-generational Families seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4292 Meg Drive Subject | $1,625,000 | 5 | 3 | 2,609 | $670 | - |
A 632 Lanfair Drive Sold | $1,760,000 | 5 | 3 | 2,554 | $689 | 0.3 mi |
B 4430 Heppner Lane Sold | $1,670,000 | 5 | 4 | 2,195 | $761 | 0.5 mi |
C 4974 Massachusetts Drive Sold | $1,960,000 | 5 | 3 | 2,533 | $774 | 0.6 mi |
D 495 Churchill Park Drive Sold | $1,570,000 | 5 | 3 | 2,533 | $620 | 0.7 mi |
E 5031 Massachusetts Drive Sold | $1,699,000 | 5 | 3 | 2,533 | $671 | 0.7 mi |
F 4530 Crocus Drive Active | $1,538,000 List Price | 4 | 3 | 1,954 | $787 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation within the last 5 years, featuring a modern kitchen with a large island, fully remodeled bathrooms with contemporary finishes, and new LVP flooring throughout. Major systems are in mint condition with a new roof, copper repiping, and a modern heat pump HVAC system.
The 5-bedroom, 3-bathroom floor plan features a flexible design with a main-level living area and an upstairs retreat, making it ideal for large families or multi-generational living.
Recent high-value improvements including a new roof, copper repiping, and a modern heat pump system offer significant long-term savings and peace of mind for the buyer.
Situated on a large 9,361 sq ft pie-shaped lot at the end of a quiet court, the property provides ample outdoor space and significant potential for an Accessory Dwelling Unit (ADU).
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Despite modern interior updates, the 1969 construction may still reflect older design elements and room proportions that lack the open-concept flow found in newer luxury homes.
A $50,000 price reduction shortly after listing indicates the initial pricing may have been above market expectations, potentially signaling a need for further valuation scrutiny.
$150K PRICE IMPROVEMENT! Exceptional value for this spacious and beautifully updated 5BD/3BA home offering 2,609 sq ft on a quiet court with an expansive 9,361 sq ft pie-shaped lot. Over $200K in owner improvements create a rare move-in ready opportunity with major upgrades already completed, including new roof, copper repiping, new water line to street, dual-pane windows & heat pump system. Fresh interior paint, new LVP flooring & updated lighting throughout. Recently remodeled primary bathroom and updated downstairs hall bath add modern style and comfort. Flexible floor plan ideal for multi-gen living with 3 bedrooms/2 baths on main level plus upstairs retreat featuring 2 bedrooms, full bath, large second living area & den. Spacious kitchen with large seating counter, breakfast nook & French doors opening to backyard. Separate living room with gas fireplace. Huge backyard offers room to entertain, play, garden or explore future ADU potential. A rare combination of size, lot, layout & upgrades at this price point an outstanding long-term value in today's market. The best priced home in the neighborhood at $612 a sq ft. Open Sat and Sun from 1:30 to 4pm. Don't delay, come check out this exceptional opportunity to buy a fantastic home in a fantastic neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 2,609 | 1,903 | 94% |
| Lot Size | 9,375 | 6,109 | 96% |
| Price | $1.62M | $1.52M | 63% |
| Price per sq ft | $623 | $824 | 9% |
| Built year | 1969 | 1974 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 98 | 37% |
May 15, 2026
$1,598,888
$1,698,888
-6% Price Drop
Initial Listing
Apr 24, 2026
$1,698,888
$1,748,000
-3% Price Drop
Initial Listing
Mar 25, 2026
$1,748,000
Initial Listing
Dec 4, 2015
$835,500
Public Record
Jul 27, 1995
$251,500
Public Record