2203 Laterrace Circle, San Jose, California 95123, San Jose, 95123 - 2 bed, 1 bath
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2203 Laterrace Circle
San Jose, California 95123
ACTIVE
CONDITION: GOOD
2Beds
1Baths
904Sq Ft
435Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$585,889
6% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $598,000—positioned well below the $603,788 Fair Market Value by 0.96%. This valuation gap offers $5,788 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home is move-in ready with fresh paint, new carpets, and updated appliances. Located in the Lake View Complex, it offers a tranquil lifestyle near Almaden Lake. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a low-maintenance, well-located residence.
Estimated Market Value
$585,889+$36,889 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2203 Laterrace Circle Subject 2 bd · 1 ba · 904 sqft · $648 | $549,000* List Price | 2 | 1 | 904 | $648 | - |
A 1411 La Terrace Circle Sold 2 bd · 1 ba · 904 sqft · $680 · 0.1 mi | $615,000 | 2 | 1 | 904 | $680 | 0.1 mi |
B 5928 Bridgeport Lake Way Sold 1 bd · 1 ba · 716 sqft · $761 · 0.2 mi | $545,000 | 1 | 1 | 716 | $761 | 0.2 mi |
C 2004 La Terrace Circle Sold 1 bd · 1 ba · 650 sqft · $762 · 0.0 mi | $495,000 | 1 | 1 | 650 | $762 | 0.0 mi |
D 3202 La Terrace Circle Sold 1 bd · 1 ba · 650 sqft · $692 · 0.2 mi | $450,000 | 1 | 1 | 650 | $692 | 0.2 mi |
E 1608 La Terrace Sold 2 bd · 2 ba · 1,138 sqft · $505 · 0.1 mi | $575,000 | 2 | 2 | 1,138 | $505 | 0.1 mi |
F 2106 La Terrace Circle Sold 1 bd · 1 ba · 543 sqft · $783 · 0.0 mi | $425,000 | 1 | 1 | 543 | $783 | 0.0 mi |
G 5968 Lake Almanor Drive Sold 1 bd · 1 ba · 734 sqft · $753 · 0.2 mi | $553,000 | 1 | 1 | 734 | $753 | 0.2 mi |
H 854 Lake Mcclure Drive Sold 1 bd · 1 ba · 734 sqft · $783 · 0.1 mi | $575,000 | 1 | 1 | 734 | $783 | 0.1 mi |
I 2348 La Terrace Circle Active 2 bd · 2 ba · 1,138 sqft · $588 · 0.0 mi | $669,000 List Price | 2 | 2 | 1,138 | $588 | 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 1985, the property is well-maintained, functional, and move-in ready due to recent updates. It features fresh interior paint, new carpets in the bedrooms, wood tile flooring, updated granite countertops in the kitchen, and like-new appliances and HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime End-Unit Location
This ground-floor end unit is ideally situated within a tranquil, park-like complex featuring lakes and trees, offering enhanced privacy and immediate proximity to Almaden Lake trails and Oakridge Mall.
- Move-In Ready Condition
The home is turnkey with fresh interior paint, new carpets, wood tile flooring, and updated major systems including a newer central air conditioning unit and furnace.
- Flexible Financing Options
The availability of owner financing offers a rare and valuable opportunity for buyers seeking alternative lending solutions in a competitive market.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $728 per month is notably high for a two-bedroom condo, which may impact overall monthly affordability for budget-conscious buyers.
- Modest School Ratings
The assigned elementary and high schools carry lower ratings (3/10 and 4/10 respectively), which could be a drawback for families prioritizing top-tier public education.
About 2203 Laterrace Circle
This ground-floor updated end unit offers two bedrooms in a great complex park like setting with benches & lakes and many trees. Wood burning fireplace, in unit washer/dryer. Located in a peaceful quiet setting. Like new Central air conditioning & furnace ,storage closet off the patio. One covered assigned parking space is included close to your front entry door a BIG plus!! Many open guest parking is available. Move-in ready with fresh New interior paint & New carpets in both bedrooms, Wood tile flooring, Almost like new appliances ,vinyl shutters coverings. Enjoy outdoor living on the tranquil, private patio- perfect for entertaining or relaxing. Walking distance to Almaden Lake & trails!! Close to Oakridge Mall, San Jose light rail. Near all major freeway, Great access to all your High Tech firms, Downtown, San Jose Mineta Airport. Prime end unit location in the desirable Lake View Complex with pool & spa & lakes. Make this your next home!!!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 435 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $728.0 / Month
Neighborhood Insights
San Jose Unified Schools
Allen at Steinbeck School
Grades K-5 • 0.7 mi
3/10
Castillero Middle School
Grades 6-8 • 1.6 mi
6/10
Gunderson High School
Grades 9-12 • 1.4 mi
4/10
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 | 904 | 1,090.036 |
| Lot Size | 435 | 1,343.164 |
| Price | $549.0K | $635.7K |
| Price per sq ft | $607 | $614 |
| Built year | 1985 | 1988 |
| HOA | $728.0 | $602 |
| Days on market | 37 | 58 |
Pricing History
Listed for Sale
Oct 17, 2026
$549,000
$598,000
-8% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$598,000
Initial Listing
Sold
Jan 11, 2000
$216,000
Public Record