4831 Capay Drive 3, San Jose, California 95118, San Jose, 95118 - 2 bed, 1 bath
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4831 Capay Drive 3
San Jose, California 95118
ACTIVE
CONDITION: GOOD
2Beds
1Baths
903Sq Ft
0Lot Size
Property Price
LIST PRICE$509,900
EST. MARKET VALUE
$537,416
5% BelowMARKET VALUE
SUMMARY
This Condominium is a Strong Value Opportunity, listed at $509,900—positioned well below the $536,184 Fair Market Value by 4%. This valuation gap offers $26,284 in Instant Equity for the buyer. The unit maintains a Good Condition Rating, featuring a Remodeled Kitchen with Granite Countertops and an updated bathroom. Located in the San Jose Unified district near Pioneer High School, this property is an ideal acquisition for first-time buyers or investors seeking a move-in ready asset with private patio space.
Estimated Market Value
$537,416+$27,516 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 |
|---|---|---|---|---|---|---|
★ 4831 Capay Drive 3 Subject | $509,900* List Price | 2 | 1 | 903 | $595 | - |
A 4807 Capay Drive 1 Sold | $520,000 | 2 | 1 | 810 | $642 | 0.0 mi |
B 1330 Joplin Drive 1 Sold | $515,000 | 2 | 1 | 810 | $636 | 0.0 mi |
C 1325 Joplin Drive 2 Sold | $515,000 | 2 | 1 | 903 | $570 | 0.1 mi |
D 4735 Capay Drive 1 Sold | $555,500 | 2 | 1 | 810 | $686 | 0.1 mi |
E 1054 Cedar Gables Drive Sold | $603,000 | 2 | 2 | 845 | $714 | 0.5 mi |
F 1345 Joplin Drive 2 Active Under Contract | $538,000 List Price | 2 | 1 | 903 | $596 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1970, the property has undergone significant interior renovations including a remodeled kitchen with granite countertops and an updated bathroom. The unit appears well-maintained and move-in ready. The presence of window AC units suggests a lack of modern central HVAC, which keeps it from an 'Excellent' rating, but the recent cosmetic updates and functional condition firmly place it in the 'Good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interiors
The property features a remodeled kitchen with granite countertops and an updated bathroom, offering a move-in-ready experience that reduces immediate renovation costs for buyers.
- Competitive Entry-Level Pricing
Listed at $509,900, this condominium represents a highly accessible price point for the San Jose market, making it an ideal opportunity for first-time buyers and investors.
- Private Outdoor and Storage Amenities
The unit includes a private enclosed patio and a dedicated garage with a new opener, providing a level of privacy and utility often missing in standard condominium living.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The $534 monthly HOA fee is relatively high for a 903-square-foot unit, which may impact overall affordability and the buyer's debt-to-income ratio.
- Limited Bathroom Count
With only one bathroom serving a two-bedroom, two-story layout, the floor plan may present logistical challenges for families or roommates compared to units with a half-bath.
About 4831 Capay Drive 3
This charming two-story condominium offers 2 bedrooms and 1 updated bathroom in a comfortable and functional floor plan. The remodeled kitchen features beautiful granite countertops, providing both style and practicality for everyday living. The updated bathroom adds a modern touch, while ceiling fans in the dining area and both bedrooms enhance comfort throughout the home. Enjoy the convenience of a garage equipped with a new garage door opener, offering secure parking and additional storage space. Step outside to your own private enclosed patio, perfect for relaxing, entertaining guests. Ideally located in San Jose's Cherry Plaza community walking distance to the refreshing swimming pool. Don't miss this excellent opportunity for first-time buyers, downsizers, or investors alike.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $534.0 / Month
Neighborhood Insights
San Jose Unified Schools
Almaden Elementary School
Grades K-5 • 0.5 mi
4/10
John Muir Middle School
Grades 6-8 • 0.3 mi
5/10
Pioneer High School
Grades 9-12 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 903 | 1,088.503 |
| Lot Size | - | 1,303.863 |
| Price | $509.9K | $648.7K |
| Price per sq ft | $565 | $614 |
| Built year | 1970 | 1987 |
| HOA | $534.0 | $594 |
| Days on market | 34 | 56 |
Pricing History
Listed for Sale
Aug 6, 2026
$509,900
Initial Listing
Sold
Nov 1, 2010
$175,000
Public Record
Sold
Aug 22, 2003
$243,000
Public Record