488 Madison Court, San Jose, California 95123, San Jose, 95123 - 4 bed, 2 bath
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488 Madison Court
San Jose, California 95123
ACTIVE UNDER CONTRACT
CONDITION: GOOD
4Beds
2Baths
1,410Sq Ft
5,662Lot Size
Property Price
LIST PRICE$1,399,999
EST. MARKET VALUE
$1,460,488
4% BelowMARKET VALUE
SUMMARY
This 4-bedroom Single Family Residence is a Prime Investment Opportunity, listed at $1,499,000—positioned well below the $1,541,141 Fair Market Value by 2%. This valuation gap offers $42,141 in Instant Equity. Featuring a newly renovated kitchen and a swimming pool with a new liner, the home maintains a Condition Rating of 3. Located near Santa Teresa High School (Rating 8), this property balances lifestyle appeal with financial upside. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$1,460,488+$60,489 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 |
|---|---|---|---|---|---|---|
★ 488 Madison Court Subject | $1,399,999* List Price | 4 | 2 | 1,410 | $1,036 | - |
A 361 Allegan Circle Sold | $1,462,500 | 4 | 2 | 1,410 | $1,037 | 0.4 mi |
B 474 Tuscarora Drive Sold | $1,300,000 | 4 | 2 | 1,495 | $870 | 0.4 mi |
C 6102 Urlin Court Sold | $1,331,150 | 4 | 2 | 1,556 | $855 | 0.6 mi |
D 276 Bieber Sold | $1,300,000 | 3 | 2 | 1,237 | $1,051 | 0.7 mi |
E 6075 Bigelow Court Sold | $1,545,000 | 4 | 2 | 1,410 | $1,096 | 0.7 mi |
F 488 Tuscarora Drive Sold | $1,561,500 | 4 | 2 | 1,495 | $1,044 | 0.4 mi |
G 5953 Shawcroft Drive Sold | $1,615,000 | 4 | 2 | 1,495 | $1,080 | 0.4 mi |
H 6246 Gunter Way Sold | $1,610,000 | 3 | 2 | 1,409 | $1,143 | 0.9 mi |
I 451 Santa Mesa Drive Active | $1,398,888 List Price | 4 | 2 | 1,365 | $1,025 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The home features a recently renovated kitchen (<5y) with modern cabinetry and stainless appliances, along with updated central HVAC and a new pool liner. However, the bathrooms remain dated with older oak vanities and tile work (Fair condition), and the 1968 structure prevents an 'Excellent' rating. Overall, it is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Kitchen Renovation
The property features a newly renovated kitchen completed as a permitted six-month project, offering high-end finishes and immediate move-in readiness for discerning buyers.
- Private Outdoor Amenities
A backyard swimming pool equipped with a brand-new liner provides a premium recreational space, a highly sought-after feature in the San Jose market.
- Proximity to Top-Rated Schools
The home is ideally situated near quality education, including Santa Teresa High School (Rating 8), which is located just over half a mile away.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5662, other record lot size in square feet = 6100.
- Compact Living Space
At 1,410 square feet for a four-bedroom layout, the individual room sizes and common areas may feel constrained for larger families.
- Limited Lot Utility
The 5,662 square foot lot is largely occupied by the pool and residence, potentially limiting additional yard space or future expansion opportunities.
About 488 Madison Court
PRICE REDUCED! This 4-bedroom, 2-bathroom home is located in San Jose. Newly renovated kitchen with permits. This was a 6-month project renovation. 1,410 square feet of living space. The property features a wood-burning fireplace, providing a cozy atmosphere in the living area. Central AC and central forced air heating ensure year-round comfort. The home is part of a local school district in San Jose. This residence combines functional living spaces with essential amenities in a convenient location. Swimming pool with a brand-new pool liner. 2 cars garage. Please bring your picky buyers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 5,662 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
Oak Ridge Elementary School
Grades K-6 • 0.2 mi
5/10
Glider Elementary School
Grades K-6 • 0.4 mi
0/10
Anderson (Alex) Elementary School
Grades K-6 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,410 | 1,706.046 |
| Lot Size | 5,662 | 6,261.966 |
| Price | $1.40M | $1.68M |
| Price per sq ft | $993 | $979 |
| Built year | 1968 | 1965 |
| HOA | $0 | $200 |
| Days on market | 70 | 37 |
Pricing History
Listed for Sale
Aug 22, 2026
$1,399,999
$1,447,777
-3% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$1,447,777
$1,499,000
-3% Price Drop
Initial Listing
Price Change
Jul 1, 2026
$1,499,000
Initial Listing