1388 Rockledge Lane 5, Walnut Creek, California 94595, Walnut Creek, 94595 - 2 bed, 1 bath
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1388 Rockledge Lane 5
Walnut Creek, California 94595
ACTIVE
CONDITION: GOOD
2Beds
1Baths
1,054Sq Ft
0Lot Size
Property Price
LIST PRICE$289,000
EST. MARKET VALUE
$289,000
SUMMARY
This Sequoia Model Condominium represents a Strong Value Opportunity, listed at $289,000—positioned well below the $289,000 Fair Market Value. While the price is currently stable, the significant $61,000 reduction from the original list price reflects a motivated seller. Featuring a Good Condition Rating with an updated bathroom and a private balcony with serene hill views, this home offers a low-maintenance lifestyle within the premier Rossmoor 55+ community. With access to resort-style amenities and proximity to top-rated schools, this is an ideal acquisition for Active Retirees or Owner-Occupants.
Estimated Market Value
$289,000
Based on Realkey algorithm analyzing recent comparable sales in Walnut Creek.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1388 Rockledge Lane 5 Subject | $289,000* List Price | 2 | 1 | 1,054 | $274 | - |
A 1112 Rockledge Ln 6 Sold | $320,000 | 2 | 1 | 1,054 | $304 | 0.1 mi |
B 1160 Rockledge Lane 2 Sold | $325,000 | 2 | 1 | 1,131 | $287 | 0.1 mi |
C 1208 Rockledge Ln 3 Sold | $300,000 | 2 | 1 | 1,054 | $285 | 0.1 mi |
D 1573 1573 Rockledge Ln 3 Sold | $321,500 | 2 | 1 | 1,095 | $294 | 0.2 mi |
E 1557 1557 Rockledge Ln 2 Sold | $375,000 | 2 | 1 | 1,095 | $342 | 0.2 mi |
F 1117 Golden Rain Rd 1 Sold | $320,000 | 2 | 1 | 1,054 | $304 | 0.2 mi |
G 1232 Leisure Ln 7 Sold | $289,000 | 2 | 1 | 1,054 | $274 | 0.4 mi |
H 1160 Singingwood Ct 5 Sold | $315,000 | 2 | 1 | 1,054 | $299 | 0.6 mi |
I 1348 1348 Rockledge Ln 4 Active | $338,000 List Price | 2 | 1 | 1,048 | $323 | 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.
Although built in 1964, the property is well-maintained and move-in ready. It features a recently updated bathroom with a modern walk-in shower and glass enclosure. The kitchen, while dated with older white appliances and a fluorescent light box, is clean and fully functional, placing the overall condition in the 'Good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Burton Valley Elementary School (10/10). Middle School: M. H. Stanley Middle School (9/10). High School: Acalanes High School (10/10).
- Resort-Style Amenities
Located in the premier Rossmoor 55+ community, residents have access to four pools, a state-of-the-art fitness center, a remodeled restaurant, and extensive sports courts, offering an unparalleled active lifestyle.
- Move-In Ready Condition
This Sequoia model is beautifully maintained with an updated bathroom, indoor washer and dryer, and a private balcony featuring serene hill views, providing immediate comfort for new owners.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,383 per month is substantial and may impact the overall affordability and debt-to-income ratio for prospective buyers on fixed incomes.
- Extended Days on Market
With 91 days on the market, the property has surpassed the typical local turnover rate, which may lead to buyer hesitation or perceptions of lower demand.
About 1388 Rockledge Lane 5
Beautifully maintained upper-level Sequoia model located in Rossmoor, Walnut Creek's premier 55+ active adult community. This move-in ready 2-bedroom, 1-bath home is filled with natural light and offers serene hill views from a spacious private balcony -- perfect for morning coffee or relaxing with friends. Features include an updated bathroom, spacious living and dining area, indoor washer and dryer, and extra storage. Rossmoor offers an exceptional resort-style lifestyle with a beautifully remodeled restaurant featuring outdoor dining, a state-of-the-art fitness center, four swimming pools, five clubhouses, eight tennis courts, three outdoor pickleball courts, two indoor pickleball courts, picnic areas, a dog park, scenic walking trails, and a wide variety of clubs and activities. Whether you're looking for low-maintenance living, an active social lifestyle, or a peaceful place to call home, this condo offers the perfect opportunity to enjoy everything Rossmoor has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1383.0 / Month
Neighborhood Insights
Walnut Creek Unified Schools
Burton Valley Elementary School
Grades K-5 • 0.9 mi
10/10
Parkmead Elementary School
Grades K-5 • 1.4 mi
7/10
Murwood Elementary School
Grades K-5 • 2.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,054 | 1,109.5 |
| Lot Size | - | 967.792 |
| Price | $289.0K | $572.0K |
| Price per sq ft | $274 | $502 |
| Built year | 1964 | 1972 |
| HOA | $1383.0 | $1.3K |
| Days on market | 105 | 52 |
Pricing History
Listed for Sale
Aug 26, 2026
$289,000
$350,000
-17% Price Drop
Initial Listing
Price Change
May 27, 2026
$350,000
Initial Listing