646 Luna Park Drive, San Jose, California 95112, San Jose, 95112 - 3 bed, 3 bath
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646 Luna Park Drive
San Jose, California 95112
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,391Sq Ft
0Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$820,000
SUMMARY
This Turnkey Townhouse is a Strong Value Opportunity, listed at $799,000—positioned well below the $820,000 Fair Market Value by 2%. This valuation gap offers $21,000 in Instant Equity for the buyer. Featuring a Good Condition Rating, this end-unit includes hardwood floors, an attached 2-car garage, and a unique enclosed balcony. Located near Japantown, it offers a vibrant lifestyle with easy transit access. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home.
Estimated Market Value
$820,000
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 |
|---|---|---|---|---|---|---|
★ 646 Luna Park Drive Subject 3 bd · 3 ba · 1,391 sqft · $590 | $799,000* List Price | 3 | 3 | 1,391 | $590 | - |
A 825 Berryessa Sold 3 bd · 3 ba · 1,391 sqft · $664 · 0.1 mi | $923,000 | 3 | 3 | 1,391 | $664 | 0.1 mi |
B 741 Modern Ice Drive Sold 3 bd · 3 ba · 1,391 sqft · $665 · 0.1 mi | $925,000 | 3 | 3 | 1,391 | $665 | 0.1 mi |
C 796 N 10th Street 1 Sold 2 bd · 3 ba · 1,241 sqft · $725 · 0.4 mi | $900,000 | 2 | 3 | 1,241 | $725 | 0.4 mi |
D 337 Cereza Place Sold 2 bd · 3 ba · 1,280 sqft · $676 · 0.8 mi | $865,000 | 2 | 3 | 1,280 | $676 | 0.8 mi |
E 742 N 6th St Sold 2 bd · 3 ba · 1,344 sqft · $685 · 0.7 mi | $920,000 | 2 | 3 | 1,344 | $685 | 0.7 mi |
F 685 Modern Ice Drive Active 3 bd · 2 ba · 1,150 sqft · $695 · 0.0 mi | $799,000 List Price | 3 | 2 | 1,150 | $695 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2009 (17 years old), the property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready, featuring a functional kitchen with granite countertops and stainless steel appliances, along with recent cosmetic refreshes including new paint and carpeting.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Situated near historic Japantown and adjacent to Luna Park, this home offers excellent walkability to local hotspots and convenient access to major highways 101, 280, and 880 for easy commuting.
- Premium End-Unit Upgrades
As a former model end-unit, the home features abundant natural light, builder upgrades like hardwood flooring, and recent refreshments including new paint and carpeting, making it move-in ready.
- Functional Modern Layout
The floor plan maximizes utility with a bright great room, a dedicated office nook, an attached two-car garage, and a unique enclosed balcony suitable for pets or outdoor relaxation.
CONSRISKS & DEFICIENCIES
- Below-Average School Ratings
The assigned public schools have lower ratings (3/10 and 4/10), which may be a concern for families prioritizing high-performing educational districts.
- Recent Price Adjustment
A recent price reduction from the original list price suggests the property may have faced initial market resistance, potentially impacting perceived value or negotiation leverage.
About 646 Luna Park Drive
Rates too high? The seller is willing to consider an interest rate buy down that could lower your monthly payment by almost 19% saving you more than $15,000! Reach out for more information! This Luna Park townhome is a downtown dream! Just outside of historic Japantown, this home sits in the quiet community of Modern Ice, adjacent to Luna Park. As you enter your attached 2-car garage, you enter a bright and airy foyer which leads you to the great room bathed in sunlight. The great room has corner windows, an office nook and private balcony. The balcony has been enclosed with strong netting that could be perfect for a Catio or pet play room. This former model home is an end unit and has many builder upgrades, hardwood floors in the great room, tile bathrooms, & upgraded light switches. This home has been refreshed with new paint & carpeting and is ready for its new owner. The primary bedroom is spacious and bright and has double sinks, and a walk-in closet. Coming home will be a joy when you take your evening walks around the community park! Located moments from viral hot spots like B'anne Bakery, Nijiya Market and Roy's Station. Enjoy great community events like the weekly farmers' market! Easy commute on 280, 101 and 880. Make this home yours!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2009
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $304.0 / Month
Neighborhood Insights
San Jose Unified Schools
Peter Burnett Middle School
Grades 6-8 • 0.9 mi
4/10
San Jose High School
Grades 9-12 • 1.3 mi
3/10
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 | 1,391 | 1,448.469 |
| Lot Size | - | 1,326.75 |
| Price | $799.0K | $970.7K |
| Price per sq ft | $574 | $657 |
| Built year | 2009 | 1997 |
| HOA | $304.0 | $424 |
| Days on market | 36 | 43 |
Pricing History
Listed for Sale
Oct 3, 2026
$799,000
$820,000
-3% Price Drop
Initial Listing
Price Change
Sep 18, 2026
$820,000
Initial Listing
Sold
May 30, 2012
$471,000
Public Record