951 Wallace Drive, San Jose, California 95120, San Jose, 95120 - 4 bed, 2 bath
951 Wallace Drive
San Jose, California 95120
Property Price
SUMMARY
Analysis of 951 Wallace Drive, San Jose, California 95120 reveals a Prime Investment Opportunity with a current list price of $1,900,000—significantly undercutting the $1,984,116 Fair Market Value by 4%. This valuation gap indicates a +$84,116 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 951 Wallace Drive Subject | $1,900,000* List Price | 4 | 2 | 1,772 | $1,120 | - |
A 1056 Wallace Drive Sold | $1,825,000 | 3 | 2 | 1,423 | $1,283 | 0.4 mi |
B 1101 Dwyer Avenue Sold | $1,910,000 | 3 | 2 | 1,531 | $1,248 | 0.4 mi |
C 6384 Farm Hill Way Sold | $1,680,000 | 3 | 2 | 1,286 | $1,306 | 0.3 mi |
D 6290 Lillian Way Sold | $1,750,000 | 3 | 2 | 1,468 | $1,192 | 0.3 mi |
E 6380 Vegas Drive Pending | $1,745,000 List Price | 4 | 2 | 1,661 | $1,051 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1965 home is move-in ready and has been well-maintained with significant updates. The kitchen features stone countertops and updated cabinetry, while both the primary and hall bathrooms have been recently renovated. The property includes modern touches like skylights and a built-in outdoor kitchen. While the infrastructure is mid-century, the interior finishes and functional systems meet the standards for a high-quality, updated residence.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Williams Elementary School (9/10). Middle School: C. T. English Middle School (9/10). High School: Los Gatos High School (10/10).
- Prime Location & Trail Access
Situated in the prestigious Almaden Valley with no rear neighbors and direct gated access to the Los Alamitos Creek Trail, offering rare privacy and immediate access to outdoor recreation.
- Modernized Single-Level Living
The home features a functional, light-filled floor plan with a fully updated kitchen and renovated bathrooms, providing a move-in-ready experience in a highly sought-after single-story layout.
CONSRISKS & DEFICIENCIES
- Modest Lot Size
At approximately 6,175 square feet, the lot size is relatively compact for the Almaden Valley market, which may limit future expansion or large-scale landscaping projects.
- Mid-Century Infrastructure
Originally built in 1965, the property may require ongoing attention to aging systems or structural elements common in homes of this era, despite the recent cosmetic updates.
About 951 Wallace Drive
Welcome to 951 Wallace Drive in the highly desirable Almaden Valley of San Jose. This beautifully maintained 4-bedroom, 2-bath, 1,772 SF single-level home offers a bright, functional floor plan with spacious living areas, abundant natural light (including multiple skylights), and seamless indoor-outdoor flow. The updated kitchen features a walk-in pantry, stone countertops, updated cabinetry, a breakfast bar, and additional space for a breakfast nook. The primary suite includes an updated bathroom and a walk-in closet. The hall bathroom has also been recently renovated. Situated on a generous lot with fantastic views of the Almaden Hills, the backyard provides a private retreat with space to relax, garden, or host guests, complete with a built-in outdoor kitchen and gazebo. Enjoy the privacy of no rear neighbors and gated access to the beautiful Los Alamitos Creek Trail. Conveniently located near top-rated schools, scenic parks, and local amenities, this is an exceptional opportunity to enjoy comfort, convenience, and community in one of San Joses most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 6,175 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Simonds Elementary School
Grades K-5 • 0.6 mi
Sakamoto Elementary School
Grades K-6 • 1.1 mi
Williams Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,772 | 2,179 | 17% |
| Lot Size | 6,175 | 8,681 | 8% |
| Price | $1.90M | $2.22M | 10% |
| Price per sq ft | $1.1K | $997 | 60% |
| Built year | 1965 | 1972 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 164 | 2% |
Pricing History
Listed for Sale
Feb 24, 2026
$1,900,000
Initial Listing
Sold
Nov 19, 1997
$347,500
Public Record
Sold
Jun 24, 1997
$320,000
Public Record