640 N 15th Street, San Jose, California 95112, San Jose, 95112 - 3 bed, 2 bath
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San Jose, California 95112
This 3BR/2BA Single Family Residence is a Strong Value Opportunity, listed at $998,888—positioned well below the $1,070,596 Fair Market Value by 6%. This valuation gap offers $71,708 in Instant Equity. Featuring a Condition Rating of 3, the home includes a permitted primary suite, central HVAC, and solar panels. While school ratings are modest, the proximity to San Jose State University ensures high rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 N 15th Street Subject | $998,888* List Price | 3 | 2 | 1,286 | $833 | - |
A 791 N 19th Street Sold | $1,240,000 | 3 | 2 | 1,340 | $925 | 0.3 mi |
B 656 N 16th Street Sold | $1,135,000 | 2 | 2 | 1,578 | $719 | 0.1 mi |
C 816 N 13th Street Sold | $1,000,000 | 2 | 2 | 1,168 | $856 | 0.3 mi |
D 403 N 12th Street Sold | $1,088,888 | 2 | 2 | 1,092 | $997 | 0.4 mi |
E 563 N 21st Street Sold | $1,290,000 | 3 | 3 | 1,664 | $775 | 0.3 mi |
F 148 N 12th Street Sold | $1,080,000 | 2 | 1 | 1,084 | $996 | 0.8 mi |
G 135 E Younger Avenue Active | $1,148,000 List Price | 3 | 2 | 1,254 | $915 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1940, the property features significant permitted updates including a primary suite addition, central HVAC, and solar panels. The kitchen and interior finishes (oak cabinetry, granite counters, and recessed lighting) appear to be well-maintained renovations from the 10-20 year range, making the home functional and move-in ready.
The inclusion of central HVAC and a solar power system provides significant energy savings and modern comfort, which is a premium feature for a home of this vintage.
The home features a large, permitted primary bedroom addition, offering a rare 3-bedroom, 2-bathroom configuration that meets modern living standards while maintaining 1940s charm.
Situated near San Jose State University and downtown, the property offers excellent accessibility to major freeways and urban amenities, appealing to both professionals and investors.
The assigned public schools have relatively low ratings (ranging from 2 to 4), which may be a concern for families prioritizing high-performing educational districts.
Despite modern updates, the 1940s construction may require ongoing attention to aging infrastructure components typical of homes from this era.
Character meets modern comfort in this beautifully updated 3BR/2BA home. Original 1940 craftsmanship shines alongside thoughtful improvements, including an updated kitchen with eating area, a large primary bedroom addition - all completed with permits, central HVAC and Solar. Cozy up by the fireplace in the living room or step out onto the attached covered deck. A large detached garage and extra storage shed rounds out this wonderful property. Close to San Jose State University, downtown dining and entertainment, and with easy access to major freeways - location doesn't get better than this. Whether you're an owner-occupant or savvy investor, this is a rare opportunity in one of San Jose's most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,286 | 1,507.5 | 33% |
| Lot Size | 5,125 | 5,750 | 24% |
| Price | $998.9K | $1.15M | 28% |
| Price per sq ft | $777 | $794 | 48% |
| Built year | 1940 | 1920 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 117 | 2% |
Jun 3, 2026
$998,888
Initial Listing