213 Velvetlake Drive, Sunnyvale, California 94089, Sunnyvale, 94089 - 3 bed, 2 bath
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213 Velvetlake Drive
Sunnyvale, California 94089
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,108Sq Ft
7,700Lot Size
Property Price
LIST PRICE$1,488,000
EST. MARKET VALUE
$1,646,171
9% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $1,488,000—positioned well below the $1,646,171 Fair Market Value by 9%. This valuation gap offers $158,171 in Instant Equity for the buyer. Featuring a remodeled kitchen, vaulted open-beam ceilings, and a newer roof (2022), the property maintains an Excellent Condition Rating. Its expansive 7,700 sqft corner lot provides significant lifestyle utility. This is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers prioritizing a prime Silicon Valley location.
Estimated Market Value
$1,646,171+$158,171 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sunnyvale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 213 Velvetlake Drive Subject 3 bd · 2 ba · 1,108 sqft · $1,486 | $1,488,000* List Price | 3 | 2 | 1,108 | $1,486 | - |
A 734 Lakebird Drive Sold 3 bd · 2 ba · 1,108 sqft · $1,431 · 0.5 mi | $1,585,000 | 3 | 2 | 1,108 | $1,431 | 0.5 mi |
B 1101 Prescott Avenue Sold 3 bd · 2 ba · 1,108 sqft · $1,588 · 0.4 mi | $1,760,000 | 3 | 2 | 1,108 | $1,588 | 0.4 mi |
C 714 Lakebird Drive Sold 3 bd · 2 ba · 1,108 sqft · $1,286 · 0.6 mi | $1,425,000 | 3 | 2 | 1,108 | $1,286 | 0.6 mi |
D 794 Lakemuir Drive Sold 3 bd · 2 ba · 1,108 sqft · $1,638 · 0.2 mi | $1,815,000 | 3 | 2 | 1,108 | $1,638 | 0.2 mi |
E 785 Lakechime Drive Sold 3 bd · 2 ba · 1,388 sqft · $1,246 · 0.5 mi | $1,730,000 | 3 | 2 | 1,388 | $1,246 | 0.5 mi |
F 1215 Oak Creek Way Sold 3 bd · 2 ba · 1,000 sqft · $1,650 · 0.6 mi | $1,650,000 | 3 | 2 | 1,000 | $1,650 | 0.6 mi |
G 917 Blazingwood Drive Pending 3 bd · 2 ba · 1,108 sqft · $1,127 · 0.2 mi | $1,249,000 List Price | 3 | 2 | 1,108 | $1,127 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1957, the home has undergone a comprehensive recent renovation within the last 5 years. It features a remodeled kitchen with quartz countertops and stainless steel appliances, updated bathrooms with modern fixtures, new flooring throughout, and a newer roof installed in 2022, placing it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7700, living area = 1108.
- Prime Silicon Valley Location
Ideally situated near major tech campuses including Google, Apple, and Nvidia, offering excellent commute convenience and proximity to the newly renovated Lakewood Park.
- Expansive Corner Lot
The generous 7,700 sqft corner lot provides significant outdoor space for entertaining and gardening, a rare find that also offers potential for future expansion or an ADU.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At just 1,108 square feet for a 3-bedroom, 2-bathroom home, the living spaces may feel compact for families or those requiring a dedicated home office.
- Underperforming School Ratings
The property is zoned for schools with mixed performance ratings, specifically a middle school with a lower rating, which may be a concern for education-focused buyers.
About 213 Velvetlake Drive
Welcome to this updated single-story home offering bright, comfortable living and everyday convenience in the heart of Sunnyvale. Inside, vaulted open-beam ceilings and abundant natural light create an airy feel, while the open-concept layout connects the living, dining, and kitchen spaces. The remodeled kitchen features quartz countertops, stainless steel appliances, and a generous peninsula perfect for casual dining and entertaining. Recent updates include new flooring, and a newer roof completed in 2022. Set on an expansive corner lot, the homes standout feature is the oversized backyard, offering exceptional space for entertaining, gardening, play, or simply enjoying the outdoors. The functional floor plan and thoughtful updates make the home comfortable, inviting, and easy to enjoy from day one. Ideally located near the newly renovated Lakewood Park and the upcoming Lakewood Branch Library & Learning Center, with convenient access to shopping, dining, major commute routes, and some of Silicon Valleys largest employers including Google, Nvidia, Apple, LinkedIn, and more. A rare opportunity to own an updated Sunnyvale home with a large lot, inviting living spaces, and a prime Silicon Valley location near major tech campuses.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 7,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sunnyvale Unified Schools
Fairwood Elementary School
Grades K-5 • 0.4 mi
6/10
Lakewood Elementary School
Grades K-5 • 0.5 mi
4/10
George Mayne Elementary School
Grades K-5 • 2.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,108 | 1,680.494 |
| Lot Size | 7,700 | 6,449.483 |
| Price | $1.49M | $2.77M |
| Price per sq ft | $1.3K | $1.5K |
| Built year | 1957 | 1959 |
| HOA | $0 | $125 |
| Days on market | 3 | 31 |
Pricing History
Listed for Sale
Oct 21, 2026
$1,488,000
Initial Listing
Sold
May 10, 2024
$1,570,000
Public Record
Sold
Mar 23, 2018
$1,300,000
Public Record