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 Residence is listed at $999,000—positioned below the $1,007,751 Fair Market Value by 1%. This valuation gap provides $8,751 in Instant Equity. Boasting a Well-Maintained Condition Rating, the 1,606 sqft interior features a functional layout, cozy fireplace, and a private patio. While the infrastructure is aging, the generous square footage and recent price correction offer significant upside for modernization. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable asset in the competitive San Jose market.
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 | $620 | - |
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 property is well-maintained but dated. The kitchen and bathrooms appear to be from a 30+ year old renovation cycle, featuring older tile countertops and dark wood cabinetry. While the home is staged and move-in ready, the wood shake roof and older windows suggest that major systems are nearing the end of their functional life and will require updates.
Priced under the $1M threshold in the San Jose market, this property offers an accessible entry point for a detached single-family home in a high-demand region.
At 1,606 square feet, the home provides a more spacious living environment than many comparable three-bedroom residences built in the same era.
The floor plan features a seamless flow between living spaces and includes a cozy fireplace, blending classic 1950s charm with practical utility for families.
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 property likely requires updates to major systems and cosmetic refreshments to meet modern energy efficiency and aesthetic standards.
A recent $91,000 price reduction from the original list price suggests that the initial valuation may have been aggressive relative to the property's current condition or immediate market demand.
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 | 1,242 | 65% |
| Lot Size | 5,500 | 4,791 | 70% |
| Price | $999.0K | $962.0K | 61% |
| Price per sq ft | $622 | $817 | 30% |
| Built year | 1954 | 1958 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 87 | 120 | 30% |
Apr 16, 2026
$999,000
$1,090,000
-8% Price Drop
Initial Listing
Mar 11, 2026
$1,090,000
Initial Listing