5815 Falon Way, San Jose, California 95123, San Jose, 95123 - 3 bed, 2 bath
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San Jose, California 95123
This property presents a Strong Value Opportunity with a List Price of $1,280,000—positioned well above the $1,187,135 Fair Market Value by -7%. While the pricing reflects a premium, the 8,160 sq. ft. lot and 1,827 sq. ft. floor plan offer significant potential for value-add renovations. With a Condition Rating of 5, the home requires modernization, making it a prime candidate for Fix-and-Flip Investors or Owner-Occupants seeking to customize a home in a neighborhood with Top-Rated Schools like Santa Teresa High.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5815 Falon Way Subject | $1,280,000* List Price | 3 | 2 | 1,827 | $650 | - |
A 358 Conestoga Way Active | $1,250,000 List Price | 4 | 2 | 1,688 | $741 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966, this 58-year-old home features original or significantly outdated bathrooms with aged cabinetry and fixtures. The listing description explicitly identifies the property as an opportunity to 'update and customize,' and the exterior shows signs of deferred maintenance, fitting the criteria for a property needing a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8160, living area = 1827.
Situated in the desirable Blossom Valley area with immediate access to Highways 85 and 87, and minutes from Westfield Oakridge and Almaden Lake Park.
The property features a substantial 8,160 sq. ft. lot and a spacious 1,827 sq. ft. single-story layout, offering rare scale and privacy for the neighborhood.
The home is positioned as an 'opportunity to update,' indicating that buyers will need to budget for significant cosmetic and functional modernizations.
Dating back to 1966, the property may require upgrades to original systems such as electrical, plumbing, or insulation to align with current building codes.
Spacious 3 bedroom, 2 bathroom single-story home located in the Blossom Valley area of South San Jose. Approximately 1,825 sq. ft. on a generous lot, this property offers an opportunity for a buyer to update and customize to their own style. Features include a detached garage, ample parking, and a functional floor plan. Conveniently located near shopping, dining, parks, schools, and major commuter routes including Highways 85 and 87. Nearby amenities include Westfield Oakridge, Almaden Lake Park, and Santa Teresa County Park. Established neighborhood with mature trees and surrounding homes that reflect pride of ownership. Excellent opportunity in a well-established South San Jose neighborhood.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,827 | 1,612 | 61% |
| Lot Size | 8,160 | 6,240 | 85% |
| Price | $1.28M | $1.58M | 15% |
| Price per sq ft | $701 | $933 | 8% |
| Built year | 1966 | 1968 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 103 | 1% |
Jun 10, 2026
$1,280,000
Initial Listing