
San Jose, California 95112
This Strong Value Opportunity is a Single Family Residence listed at $948,998, positioned well below the $971,519 Fair Market Value by 2%. This valuation gap offers $22,521 in Instant Equity. Featuring a Good Condition Rating, the home includes significant infrastructure upgrades like a 2023 trenchless sewer line and 2020 electrical updates. While local school ratings are modest, the property’s flexible occupancy makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, move-in ready asset in San Jose.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 541 Madera Avenue Subject | $948,998* List Price | 4 | 2 | 1,252 | $776 | - |
A 640 N 15th Street Sold | $925,000 | 3 | 2 | 1,286 | $719 | 0.6 mi |
B 656 N 16th Street Sold | $1,135,000 | 2 | 2 | 1,578 | $719 | 0.6 mi |
C 521 Santa Ana Avenue Active | $790,000 List Price | 2 | 1 | 866 | $912 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the structure dates to 1935, the interior was remodeled approximately 10 years ago. The property features excellent recent system upgrades including new electrical (2020), a new main water line (2020), and a trenchless sewer line (2023). These major infrastructure improvements, combined with a functional interior, meet the criteria for 'Good' condition despite the dated marketing photos.
The property features critical recent updates including a new electrical system (2020), a new main water line (2020), and a trenchless sewer line (2023) with a 10-year warranty, reducing the risk of immediate capital expenditures.
The home has undergone a complete interior remodel, offering a contemporary living environment that balances the charm of a 1935 build with modern functionality and aesthetics.
Currently occupied by a reliable tenant, the property provides immediate cash flow for investors or can be delivered vacant for owner-occupants, catering to multiple buyer profiles.
The listing photos are 10 years old and do not reflect the current condition of the home after a decade of tenant occupancy, which may create uncertainty regarding wear and tear.
The assigned local schools, including Grant Elementary and San Jose High, have lower performance ratings (2-3), which may be a deterrent for families prioritizing high-ranking educational districts.
Photo taken 10 yrs ago before tenants moved in, completely interior remodeled. Good Tenant currently occupied and will deliver vacant per buyer's request. House offer Updated the following: main water line to street in Nov-2020, Trenchless Sewer line to street (10 yr warranty) in Oct-2023, New electrical In Sep-2020.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,252 | 1,706.046 |
| Lot Size | 5,166 | 6,261.966 |
| Price | $949.0K | $1.68M |
| Price per sq ft | $758 | $979 |
| Built year | 1935 | 1965 |
| HOA | $0 | $200 |
| Days on market | 6 | 37 |
Sep 3, 2026
$948,998
Initial Listing
May 11, 2012
$225,000
Public Record
Nov 17, 1999
$230,000
Public Record