5231 Graves Avenue, San Jose, California 95129, San Jose, 95129 - 3 bed, 2 bath
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5231 Graves Avenue
San Jose, California 95129
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,409Sq Ft
5,880Lot Size
Property Price
LIST PRICE$1,899,000
EST. MARKET VALUE
$1,986,724
4% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $1,998,000—positioned well below the $2,043,511 Fair Market Value by 2%. This valuation gap offers $45,511 in Instant Equity. Featuring a Condition Rating of 3, the home offers refreshed interiors, natural hardwood floors, and a private backyard with a deck and patio. Located in the desirable Happy Valley Estates near top-rated schools, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Estimated Market Value
$1,986,724+$87,724 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 |
|---|---|---|---|---|---|---|
★ 5231 Graves Avenue Subject 3 bd · 2 ba · 1,409 sqft · $1,410 | $1,899,000* List Price | 3 | 2 | 1,409 | $1,410 | - |
A 1527 Fields Drive Sold 3 bd · 2 ba · 1,550 sqft · $1,492 · 0.1 mi | $2,313,125 | 3 | 2 | 1,550 | $1,492 | 0.1 mi |
B 1219 Teresita Drive Sold 3 bd · 2 ba · 1,685 sqft · $1,377 · 0.6 mi | $2,320,000 | 3 | 2 | 1,685 | $1,377 | 0.6 mi |
C 1463 Teresita Drive Sold 3 bd · 2 ba · 1,570 sqft · $1,561 · 0.2 mi | $2,450,000 | 3 | 2 | 1,570 | $1,561 | 0.2 mi |
D 5031 Doyle Road Sold 4 bd · 2 ba · 1,607 sqft · $1,325 · 0.7 mi | $2,130,000 | 4 | 2 | 1,607 | $1,325 | 0.7 mi |
E 4533 Doyle Road Sold 3 bd · 2 ba · 1,392 sqft · $1,365 · 0.9 mi | $1,900,000 | 3 | 2 | 1,392 | $1,365 | 0.9 mi |
F 1192 Forest Creek Drive Active 3 bd · 2 ba · 1,436 sqft · $1,392 · 0.6 mi | $1,998,888 List Price | 3 | 2 | 1,436 | $1,392 | 0.6 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 property is well-maintained and move-in ready, featuring a recently refreshed interior with new paint, LED lighting, and natural hardwood floors. Although the kitchen and bathrooms have older renovations (such as granite tile countertops and dated shower tile), they are fully functional and in clean condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Schools
Situated in the highly desirable Happy Valley Estates, this home offers immediate proximity to top-rated Country Lane Elementary and local parks, ensuring strong long-term property value.
- Turnkey Interior Updates
The property features a refreshed interior with refinished hardwood flooring, new LED recessed lighting, and fresh paint, providing a move-in-ready experience for modern buyers.
- Functional Outdoor Living
A private backyard featuring a step-out deck and low-maintenance landscaping offers an ideal space for al fresco dining and outdoor recreation in a quiet neighborhood setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1409, other record living area = 1302.
- Dated Kitchen Finishes
The galley-style kitchen utilizes granite tile countertops rather than modern solid slabs, which may require further investment to meet the expectations of luxury buyers at this price point.
- High Price per Square Foot
With a modest 1,409 square feet of living space priced near $2 million, the property represents a significant premium that may challenge buyers looking for more interior volume.
About 5231 Graves Avenue
Excellent price!! Open Sat/Sun 1:30-5:00 10/24 10/25. Welcome home to this just listed Happy Valley Estates neighborhood home. Close proximity to Country Lane Elementary School within the immediate neighborhood. Refreshed interior with natural hardwood flooring throughout, fresh painting, new LED lighting fixtures and recessed lighting. Upon entering you will enjoy the forward-facing formal Living Room. Everyday dining is adjacent to the galley Kitchen with loads of cabinetry storage, stainless appliances and granite tile counters. A light-filled step-down Family Room with wood burning fireplace overlooking rear yards with sliding glass door and extra wide windows. The Primary Bedroom Suite is set at the back of the home with full sized wardrobe closets and it's own Bathroom Suite complete with stall shower, bright lighting and tile flooring. Two more hallway Bedrooms each with their own wardrobe closets share a common and large bathroom with extra wide counter space and a shower over tub. The Backyard is private and features a step-out deck area for dining al fresco, some low maintenance landscape and room to grow your own vegetables, plus room for all levels of play! Westgate West Shopping Center close, Saratoga Creek Park, Dog Park and Fitness Circuit at the end of Graves Ave.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 5,880 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,409 | 1,721.238 |
| Lot Size | 5,880 | 6,271.145 |
| Price | $1.90M | $1.67M |
| Price per sq ft | $1.3K | $972 |
| Built year | 1959 | 1965 |
| HOA | $0 | $190 |
| Days on market | 38 | 38 |
Pricing History
Listed for Sale
Oct 2, 2026
$1,899,000
$1,998,000
-5% Price Drop
Initial Listing
Price Change
Sep 16, 2026
$1,998,000
Initial Listing
Sold
Jun 21, 1996
$265,000
Public Record