1608 La Terrace, San Jose, California 95123, San Jose, 95123 - 2 bed, 2 bath
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San Jose, California 95123
This Recently Remodeled Lakeside Condo is a High-Potential Investment Opportunity, listed at $699,950—positioned well below the $787,584 Fair Market Value by 11%. This valuation gap offers $87,634 in Instant Equity. Boasting a Turnkey Condition Rating, the unit features a modern kitchen with shaker cabinetry and stone countertops. Located adjacent to Almaden Lake Park, the property includes a Lake and Park View, pool, and spa. It is a premier choice for Owner-Occupants seeking lifestyle luxury or Buy-and-Hold Investors targeting a stable, high-equity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1608 La Terrace Subject | $699,950* List Price | 2 | 2 | 1,138 | $692 | - |
A 936 Owens Lake Drive Sold | $749,900 | 2 | 2 | 982 | $764 | 0.2 mi |
B 3109 La Terrace Circle Sold | $750,000 | 2 | 2 | 995 | $754 | 0.1 mi |
C 1120 La Terrace Circle Sold | $710,000 | 2 | 2 | 1,138 | $624 | 0.1 mi |
D 1907 La Terrace Circle Sold | $660,000 | 2 | 1 | 904 | $730 | 0.1 mi |
E 1513 La Terrace Circle Sold | $740,000 | 2 | 2 | 995 | $744 | 0.1 mi |
F 1005 Foxchase Drive Sold | $610,000 | 1 | 2 | 964 | $633 | 1.0 mi |
G 1104 La Terrace Circle Active | $698,888 List Price | 2 | 2 | 1,138 | $614 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone an extensive recent renovation that meets current market standards. The kitchen features modern white shaker cabinetry, stone countertops, a subway tile backsplash, and stainless steel appliances. The bathrooms have been updated with contemporary vanities and fixtures. The interior boasts new wood-look flooring, fresh paint, and recessed lighting throughout, presenting a turnkey condition with no visible deferred maintenance.
Situated adjacent to Almaden Lake Park, the property offers immediate access to extensive walking and running trails, providing an exceptional outdoor lifestyle for active residents.
The unit features a recently remodeled open floor plan with abundant natural light, modern finishes, and the high-demand convenience of an in-unit washer and dryer.
With a significant price reduction from the original $800,000 listing to $699,950, the property now offers enhanced value and a more accessible entry point into the San Jose market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17297, other record lot size in square feet = 435.
The assigned public schools, specifically the elementary (3/10) and high school (4/10), have lower ratings which may deter families prioritizing top-tier educational performance.
The history of multiple price drops within a short timeframe suggests the property may have faced initial overpricing or challenges in attracting buyer interest in the current market.
Great unit located in the beautiful Lakeview Terrace complex. Very private and secure condo. Open floor plan with lots of natural light. Recently remodeled. Next to Almaden Lake Park, great walking and running trails, shopping & restaurants nearby, easy access to highway 85/17. In unit washer and dryer. Nice patio with plenty of storage space.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,138 | 916 | 76% |
| Lot Size | 17,297 | - | 98% |
| Price | $700.0K | $522.0K | 84% |
| Price per sq ft | $615 | $607 | 51% |
| Built year | 1985 | 1984 | 58% |
| HOA | $72.0 | $603 | 2% |
| Days on market | 52 | 111 | 9% |
Mar 18, 2026
$699,950
$729,950
-4% Price Drop
Initial Listing
Mar 3, 2026
$729,950
$800,000
-9% Price Drop
Initial Listing
Mar 1, 2026
$800,000
Initial Listing
Sep 4, 2018
$705,000
Public Record