553 Mill River Lane, San Jose, California 95134, San Jose, 95134 - 3 bed, 3 bath
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553 Mill River Lane
San Jose, California 95134
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,091Sq Ft
1,401Lot Size
Property Price
LIST PRICE$1,399,888
EST. MARKET VALUE
$1,355,120
3% AboveMARKET VALUE
SUMMARY
This Spacious Corner Unit Townhome is a Strong Value Opportunity, listed at $1,499,800—positioned well above the $1,390,000 Fair Market Value by -7%. While priced at a premium, the property features an Excellent Condition Rating with luxury finishes like marble flooring, dual fireplaces, and a jetted master tub. Its prime Silicon Valley location near major tech hubs and Levi’s Stadium offers unmatched professional convenience. This is an ideal acquisition for Silicon Valley Professionals or Owner-Occupants seeking a turnkey, high-end lifestyle in a central, high-demand corridor.
Estimated Market Value
$1,355,120
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 |
|---|---|---|---|---|---|---|
★ 553 Mill River Lane Subject | $1,399,888* List Price | 3 | 3 | 2,091 | $648 | - |
A 415 Camille Circle 16 Sold | $1,400,888 | 3 | 3 | 2,061 | $680 | 0.2 mi |
B 426 Galleria Drive Unit 8 Sold | $1,425,000 | 3 | 3 | 1,920 | $742 | 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.
Although built in 1991 (33 years old), the property is in well-maintained, move-in ready condition with visible updates. The interior features modern stainless steel appliances, marble and hardwood flooring, and updated bathroom fixtures. The systems like central A/C are functional, and the overall aesthetic suggests a partial renovation within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silicon Valley Location
Situated in the heart of Silicon Valley with immediate access to major tech hubs, Levi’s Stadium, and key transit corridors like Highways 101 and 237, offering exceptional convenience for professionals.
- Spacious Corner Unit Layout
As a large corner unit featuring over 2,000 square feet, high ceilings, and multiple private patios, the property provides a sense of scale and natural light rarely found in standard townhomes.
- Premium Interior Features
The home is well-appointed with luxury finishes including marble tile flooring, dual wood-burning fireplaces, and a master suite equipped with a jetted tub and walk-in closet.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1401, other record lot size in square feet = 1620.
- High Monthly HOA Fees
The $560 monthly association fee represents a significant recurring carrying cost that may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Moderate School Ratings
The assigned middle and high schools have average ratings of 5 and 6, which may be a drawback for families specifically targeting top-tier academic districts in the South Bay.
About 553 Mill River Lane
Gorgeous & spacious corner unit townhome w/ high ceilings, lots of windows & abundant natural light located in a highly desirable community! Living room w/ marble tile flooring, wood burning fireplace, & encompasses a cozy den/office/library area; open kitchen w/ plenty of counter & cabinet space, comfy family room w/ stunning rich hardwood flooring; large master bedroom suite w/ a wood burning fireplace & walk in closet; huge master bathroom w/ a jetted tub, separate shower, & dual sinks. Additional features include: surround sound; central A/C; extra large 2 car garage w/ plenty of room for storage; small patio off the family room; a large patio off the living room that is great for relaxing & entertaining; an abundance of guest parking; & close to the swimming pool. Location! Location! Location! This home is located in the heart of Silicon Valley & near employment, high tech companies, Levi Stadium, Rivermark, San Jose airport, the Great Mall, highways 880, 101, and 237 & much more!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1991
- Lot Size
- 1,401 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $560.0 / Month
Neighborhood Insights
San Jose Unified Schools
Buchser Middle School
Grades 6-8 • 4.2 mi
5/10
Santa Clara High School
Grades 9-12 • 5.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,091 | 1,430.394 |
| Lot Size | 1,401 | 1,287.486 |
| Price | $1.40M | $963.3K |
| Price per sq ft | $669 | $648 |
| Built year | 1991 | 1999 |
| HOA | $560.0 | $424 |
| Days on market | 47 | 43 |
Pricing History
Listed for Sale
Aug 22, 2026
$1,399,888
$1,499,800
-7% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$1,499,800
Initial Listing
Sold
May 31, 2016
$980,000
Public Record
Sold
Mar 28, 2006
$725,000
Public Record
Sold
Jun 30, 1995
$300,000
Public Record