995 Melbourne Boulevard, San Jose, California 95116, San Jose, 95116 - 3 bed, 2 bath
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San Jose, California 95116
This Spacious Traditional Home is a Strong Value Opportunity, listed at $999,000—positioned well below the $1,007,751 Fair Market Value by 1%. This valuation gap offers $8,751 in Instant Equity. Maintaining a Well-Maintained Condition Rating, the 1,606-square-foot interior features a cozy fireplace and private patio, providing a larger footprint than typical 1950s builds in the area. While move-in ready, the home offers significant upside through cosmetic modernization. This property is an ideal acquisition for first-time buyers or Owner-Occupants looking to build wealth in a central San Jose location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 995 Melbourne Boulevard Subject | $999,000* List Price | 3 | 2 | 1,606 | $627 | - |
A 691 Lotus Street Sold | $820,000 | 3 | 2 | 1,710 | $480 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this home is well-maintained and move-in ready but shows significant signs of age. The exterior features an aging wood shake roof, while the interior contains dated elements such as blue carpeting and older wallpaper. Given the 'traditional charm' description and lack of mentioned upgrades, the kitchen, bathrooms, and major systems likely exceed the 20-year mark and require modernization.
Recently reduced to under $1M, this property offers a rare entry-level opportunity for a detached 3-bedroom home in the competitive San Jose market.
With 1,606 square feet of living space, the home provides a larger-than-average footprint for its era, allowing for comfortable living and entertaining.
The 1954 construction features traditional charm and a functional layout, including a cozy fireplace that serves as a focal point for the living area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Built in 1954, the home may require significant capital investment to update its aesthetic and core systems to contemporary standards.
The recent price reduction from $1.09M suggests the property faced initial challenges in attracting buyers, which may reflect its current condition or specific neighborhood dynamics.
Welcome to 995 Melbourne Blvd in the vibrant heart of San Jose, CA. This charming single-family home, offering a generous 1,606 square feet of living space, is a delightful blend of comfort and traditional charm. Built in 1954, this residence features three spacious bedrooms and two well-appointed bathrooms, providing ample space for relaxation and entertainment.Upon entering, you are greeted by the inviting ambiance of the living area, complete with a cozy fireplace that adds a warm touch to those cooler evenings. The layout is designed to maximize space and functionality, offering a seamless flow from room to room.
No exterior & parking available.
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 | 1,606 | 1,220 | 65% |
| Lot Size | 5,500 | 4,346 | 74% |
| Price | $999.0K | $962.0K | 57% |
| Price per sq ft | $622 | $817 | 35% |
| Built year | 1954 | 1955 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 174 | 9% |
Apr 16, 2026
$999,000
$1,090,000
-8% Price Drop
Initial Listing
Mar 11, 2026
$1,090,000
Initial Listing