516 Martha Street 101, San Jose, California 95112, San Jose, 95112 - 1 bed, 1 bath
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San Jose, California 95112
This move-in ready condominium represents a High-Potential Investment Opportunity, listed at $349,888—positioned well below the $338,546 Fair Market Value by -3%. Featuring a Condition Rating of 3, this unit offers modern finishes, in-unit laundry, and access to a sparkling pool. Its prime location near San José State University ensures strong rental demand for Buy-and-Hold Investors, while the efficient layout provides an accessible entry point for first-time buyers seeking a low-maintenance lifestyle in the heart of Silicon Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 Martha Street 101 Subject | $349,888* List Price | 1 | 1 | 368 | $920 | - |
A 516 Martha Street 207 Active | $364,900 List Price | 1 | 1 | 474 | $770 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1999, this property is well-maintained and move-in ready. While the building age is approximately 25-27 years, the interior features modern laminate flooring, updated paint, and functional kitchen/bath areas that suggest a refresh within the last 5-15 years. It meets the criteria for being functional and stylish without immediate need for repairs.
Situated less than a mile from San José State University and major retailers like Trader Joe's and Costco, this property offers exceptional convenience for students and urban professionals.
Priced under $350,000, this condo represents one of the most affordable entry points into the competitive San Jose real estate market, making it an attractive option for first-time buyers or investors.
The property features desirable modern conveniences including high ceilings, in-unit laundry, a secure gated entrance, and underground parking, which are rare at this price point.
With only 368 square feet of living area, the unit is exceptionally small for a one-bedroom condo, which may pose challenges for furniture placement and long-term comfort.
The $580 monthly association fee is significant relative to the property's size and price, adding a substantial recurring cost that impacts the overall monthly budget.
Welcome to **516 ST #101**, a bright and modern **one-bedroom, one-bathroom** first-floor corner condo located in a secure gated community. Featuring high ceilings and an open, spacious floor plan, this move-in-ready home offers comfortable living with abundant natural light throughout. The open-concept kitchen flows seamlessly into the living and dining areas, creating an ideal space for everyday living and entertaining. Additional highlights include an in-unit washer and dryer and a spacious, well-designed bathroom. Residents enjoy excellent community amenities, including a sparkling pool and a secure underground parking garage. Conveniently located in the heart of Silicon Valley, this home is just **0.7 miles from San José State University** and less than a mile from Costco, Walmart, and Trader Joe's. With quick access to Highways 101 and 280, commuting throughout the Bay Area is easy. This is a rare opportunity to own a stylish one-bedroom condo in a prime San Jose location at an exceptional value. Don't miss one of the best-priced opportunities to own property in Silicon Valley!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 3.0 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 368 | 988 |
| Lot Size | 458 | 1,550 |
| Price | $349.9K | $671.0K |
| Price per sq ft | $951 | $625 |
| Built year | 1999 | 1985 |
| HOA | $580.0 | $586 |
| Days on market | 14 | 48 |
Jul 9, 2026
$349,888
Initial Listing
Dec 29, 2023
$382,000
Public Record
Dec 29, 2017
$340,000
Public Record
Oct 17, 2017
$300,000
Public Record
Jul 15, 2011
$80,000
Public Record
Sep 2, 2005
$255,000
Public Record