537 Mayellen Avenue, San Jose, California 95126, San Jose, 95126 - 3 bed, 1 bath
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537 Mayellen Avenue
San Jose, California 95126
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
1Baths
1,000Sq Ft
6,900Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$1,081,715
7% BelowMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $999,000—positioned well below the $1,084,517 Fair Market Value by 7%. This valuation gap provides $85,517 in Instant Equity. Featuring a Condition Rating of 3, the home includes a versatile attached suite with a private entrance, ideal for rental income. Located near Diridon Station and major highways, this property is a prime choice for Buy-and-Hold Investors or Owner-Occupants seeking a well-connected, income-generating asset in San Jose.
Estimated Market Value
$1,081,715+$82,715 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 |
|---|---|---|---|---|---|---|
★ 537 Mayellen Avenue Subject 3 bd · 1 ba · 1,000 sqft · $1,082 | $999,000* List Price | 3 | 1 | 1,000 | $1,082 | - |
A 871 Paula Street Sold 2 bd · 1 ba · 1,153 sqft · $1,058 · 0.8 mi | $1,220,000 | 2 | 1 | 1,153 | $1,058 | 0.8 mi |
B 1052 Luther Avenue Sold 3 bd · 1 ba · 1,066 sqft · $1,046 · 0.9 mi | $1,115,000 | 3 | 1 | 1,066 | $1,046 | 0.9 mi |
C 945 Northrup Street Sold 2 bd · 2 ba · 1,176 sqft · $1,033 · 0.9 mi | $1,215,000 | 2 | 2 | 1,176 | $1,033 | 0.9 mi |
D 825 Pacific Avenue Pending 2 bd · 1 ba · 1,152 sqft · $867 · 0.9 mi | $998,888 List Price | 2 | 1 | 1,152 | $867 | 0.9 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 1954, the property is well-maintained and move-in ready. The kitchen has been updated with stainless steel appliances and painted cabinetry within a likely 5-15 year window. The interior features clean hardwood floors and updated lighting. While the wall heater indicates older HVAC systems, the overall condition is functional and well-preserved rather than dated or in need of immediate repair.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property includes a versatile attached suite with a private entrance, kitchenette, and full bath, ideal for rental income, an in-law unit, or a private home office.
- Prime Commuter Location
Perfectly positioned for Silicon Valley professionals, the home offers rapid access to Highways 880, 87, 101, and 280, as well as proximity to VTA light rail and Diridon Station.
- Generous Lot Size
The 6,900-square-foot lot provides a spacious backyard retreat with mature fruit trees, offering significant room for outdoor entertaining, gardening, or potential expansion.
CONSRISKS & DEFICIENCIES
- Limited Primary Bathrooms
The main living area features a 3-bedroom, 1-bathroom configuration, which may be insufficient for larger families or buyers seeking modern convenience.
- Dated Infrastructure
Built in 1954 and marketed as having 'potential to make it your own,' the property likely requires additional capital investment for cosmetic and functional modernizations.
About 537 Mayellen Avenue
Charming single-level 3BD/1BA home in San Jose's desirable 95126 a fantastic opportunity for owner-occupants and investors alike. The light-filled interior offers a comfortable, easy-flowing layout with great bones and plenty of potential to make it your own. A standout bonus: an attached suite with its own private entrance, kitchenette, living area, bedroom, and full bath perfect as a rental for extra income, an in-law suite, or a private home office. The backyard is a true retreat, well maintained and shaded by mature fruit trees space to garden, entertain, or simply relax. Location is a major perk: minutes from downtown San Jose, with VTA light rail and multiple bus lines nearby, easy access to Highways 880 and 87, and neighborhood parks (Buena Vista, O'Connor) just around the corner. Carport parking completes this move-in-ready opportunity. This well-connected pocket of San Jose puts Silicon Valley within a 1530 minute commute, with Caltrain at Diridon Station and quick access to Highways 101 and 280. On weekends, browse the shops and eateries of Willow Glen's Lincoln Avenue, explore The Alameda's antique shops and galleries, stroll the Rose Garden, or bike the trails of Guadalupe River Park all just minutes from your front door.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 6,900 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 |
| Square foot | 1,000 | 1,721.238 |
| Lot Size | 6,900 | 6,271.145 |
| Price | $999.0K | $1.67M |
| Price per sq ft | $999 | $972 |
| Built year | 1954 | 1965 |
| HOA | $0 | $190 |
| Days on market | 45 | 38 |
Pricing History
Listed for Sale
Sep 9, 2026
$999,000
Initial Listing
Sold
Jan 9, 2009
$330,000
Public Record
Sold
Oct 18, 2007
$60,000
Public Record
Sold
Aug 19, 2005
$585,000
Public Record
Sold
Jun 20, 1996
$181,000
Public Record