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 Condominium is a Strong Value Opportunity, listed at $649,950—positioned well below the $713,644 Fair Market Value by 8%. This valuation gap offers $63,694 in Instant Equity for buyers. Boasting a Condition Rating of 3, the interior features updated cabinetry, modern mosaic tile, and contemporary laminate flooring. Located steps from Almaden Lake Park and major commuter routes, this residence balances immediate lifestyle benefits with significant financial upside. This is an ideal match for first-time buyers or Owner-Occupants seeking a turnkey, value-driven asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1608 La Terrace Subject | $619,950* List Price | 2 | 2 | 1,138 | $545 | - |
A 5913 Lake Almanor Drive Sold | $675,000 | 2 | 2 | 1,002 | $674 | 0.3 mi |
B 1005 Foxchase Drive Sold | $610,000 | 1 | 2 | 964 | $633 | 1.0 mi |
C 918 Owens Lake Drive Sold | $595,000 | 2 | 1 | 867 | $686 | 0.2 mi |
D 792 Warring 3 Sold | $515,000 | 2 | 1 | 903 | $570 | 0.9 mi |
E 1204 La Terrace Circle Sold | $600,000 | 2 | 1 | 904 | $664 | 0.1 mi |
F 1615 La Terrace Circle Active Under Contract | $625,000 List Price | 2 | 1 | 904 | $691 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1985 but features a recent remodel with updated cabinetry, modern mosaic tile backsplash, and contemporary laminate flooring. While some elements like the electric coil stove and popcorn ceilings are slightly dated, the unit is well-maintained, functional, and move-in ready.
The property is ideally situated next to Almaden Lake Park, offering residents immediate access to scenic walking and running trails, outdoor recreation, and nearby shopping and dining.
This recently remodeled condo features a desirable open floor plan with abundant natural light, a private patio with storage, and the high-demand convenience of an in-unit washer and dryer.
Located with easy access to Highways 85 and 17, this unit provides an excellent starting point for Silicon Valley commuters while maintaining a private and secure living environment.
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 elementary and high schools carry lower ratings (3/10 and 4/10 respectively), which may limit appeal for families and impact long-term appreciation compared to neighboring districts.
Significant price reductions from the original $800,000 listing to the current $649,950—now below its 2018 sale price—suggest a struggle to find market value or potential appraisal challenges.
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 | 904 | 81% |
| Lot Size | 17,297 | - | 96% |
| Price | $620.0K | $522.0K | 79% |
| Price per sq ft | $545 | $570 | 30% |
| Built year | 1985 | 1983 | 62% |
| HOA | $72.0 | $600 | 2% |
| Days on market | 105 | 121 | 32% |
Jun 3, 2026
$619,950
$649,950
-5% Price Drop
Initial Listing
Apr 23, 2026
$649,950
$699,950
-7% Price Drop
Initial Listing
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