4774 Rio Rita Way, San Jose, California 95129, San Jose, 95129 - 2 bed, 2 bath
4774 Rio Rita Way
San Jose, California 95129
Property Price
SUMMARY
Analysis of 4774 Rio Rita Way, San Jose, California 95129 reveals a property with a current list price of $1,499,000, which is 6% above the estimated $1,409,801 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 4774 Rio Rita Way Subject | $1,499,000* List Price | 2 | 2 | 1,350 | $1,044 | - |
A 4733 Lago Vista Circle Sold | $1,275,000 | 3 | 3 | 1,392 | $916 | 0.1 mi |
B 4650 Corrida Circle Active | $1,628,000 List Price | 2 | 2 | 1,350 | $1,206 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with several high-value upgrades including a Presidential composition roof, central A/C, and a water softener system. The interior features a modernized kitchen with stainless steel appliances and updated cabinetry, along with contemporary flooring and recessed lighting. While the home was built in 1981, it has been well-maintained and updated to meet modern aesthetic standards, though it lacks the 'brand new' status required for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Cupertino High School (9/10).
- Premier Location & Schools
The property is ideally situated near Apple Park and Santana Row, offering residents access to top-rated Cupertino schools, including the highly-ranked Cupertino High School.
- Exceptional Outdoor Space
As a rare end-unit, this home features an unusually large redwood-fenced yard with a deck and patio, providing a private outdoor oasis that is uncommon for this property type.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
With only two bedrooms, the property may face a smaller buyer pool in a market where families often prioritize three or more bedrooms for the price point.
- Market Momentum Concerns
The listing has undergone multiple price reductions from an original $1.65M to $1.499M, which may signal initial overpricing or a lack of immediate buyer urgency.
About 4774 Rio Rita Way
Homes with this combination of privacy, location, and outdoor space rarely become available. This bright end-unit features an unusually large redwood-fenced yard with deck and patio a true extension of the living space and perfect for relaxed California living. Thoughtful upgrades including a Presidential composition roof, central A/C, water softener with reverse osmosis, and updated appliances offer move-in peace of mind. Ideally located near Apple Park, the vibrant shops and dining of Santana Row, and world-class events at Levis Stadium, with access to highly rated Cupertino schools this is a home that buyers have been waiting for.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 3,948 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $148.0 / Month
Neighborhood Insights
San Jose Unified Schools
Manuel De Vargas Elementary School
Grades K-5 • 0.6 mi
Dwight D. Eisenhower Elementary School
Grades K-5 • 0.7 mi
Warren E. Hyde Middle School
Grades 6-8 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 3% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,350 | 1,645.5 | 23% |
| Lot Size | 3,948 | 6,645 | 7% |
| Price | $1.50M | $2.74M | 7% |
| Price per sq ft | $1.1K | $1.7K | 7% |
| Built year | 1981 | 1963 | 90% |
| HOA | $148.0 | $0 | 97% |
| Days on market | 53 | 178 | 7% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,499,000
$1,599,000
-6% Price Drop
Initial Listing
Price Change
Feb 17, 2026
$1,599,000
$1,650,000
-3% Price Drop
Initial Listing
Price Change
Jan 13, 2026
$1,650,000
Initial Listing
Sold
Oct 22, 1999
$337,000
Public Record