2305 La Terrace Circle, San Jose, California 95123, San Jose, 95123 - 1 bed, 1 bath
ACTIVE$480,000
2305 La Terrace Circle, San Jose, California 95123
1Bed
1Bath
543Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Recreation: The property boasts a prime location with a short stroll to Almaden Lake Park, offering extensive recreational activities, trails, and easy access to shopping, dining, and major highways (85 & 87).
Top Cons:
Compact Living Space: With only 543 square feet for a 1-bedroom, 1-bathroom layout, the unit is quite compact, which may limit appeal for buyers seeking more expansive living areas.
Compared to the nearby listings
Price:$480.0K vs avg $625.0K ($-145,000)20%
Size:543 sqft vs avg 982 sqft4%
Price/sqft:$884 vs avg $64298%
More Insights
Built in 1985 (40 years old).
Condition: Built in 1985, this condo benefits from significant recent updates that elevate its condition. The kitchen features sleek quartz countertops and modern stainless steel appliances, indicating a renovation within the last 5-15 years. Crucially, major systems like the electrical sub-panel are newly installed, and the furnace is only two years old, ensuring excellent functionality and peace of mind. While the bathrooms are clean and functional, their tiling and fixtures appear dated, suggesting they have not been updated as recently as the kitchen. However, the property is move-in ready with no immediate functional renovations required, and the recent updates to key systems and the kitchen outweigh the cosmetic needs of the bathrooms.
Year Built
1985
Close
-
List price
$480K
Original List price
$498K
Price/Sqft
$884
HOA
$660
Days on market
-
Sold On
-
MLS number
ML82019970
Home ConditionGood
Features
Patio
View-
About this home
Welcome to this inviting ground level condo located in the sought after Lakeview Terrace community, just a short stroll to Almaden Lake Park. The kitchen features sleek quartz countertops and a dining area that opens to the private patio, filling the home with natural light. Enjoy a spacious living room, a newly installed electrical sub-panel, and a furnace thats only two years old. The patio offers a planting area, storage closet, and privacy fencing, perfect for relaxing or gardening. Additional conveniences include an in-unit laundry room with washer and dryer. Community amenities include a sparkling pool and clubhouse. Across the street, Almaden Lake Park offers playgrounds, bocce ball courts, and scenic paved trails that connect to Los Alamitos Creek Trail. You will also love the easy access to shopping, restaurants, movie theaters, and highways 85 & 87.
Nearby schools
3/10
Allen at Steinbeck School
Public,•K-5•0.7mi
6/10
Castillero Middle School
Public,•6-8•1.6mi
4/10
Gunderson High School
Public,•9-12•1.4mi
Condition Rating
Good
Built in 1985, this condo benefits from significant recent updates that elevate its condition. The kitchen features sleek quartz countertops and modern stainless steel appliances, indicating a renovation within the last 5-15 years. Crucially, major systems like the electrical sub-panel are newly installed, and the furnace is only two years old, ensuring excellent functionality and peace of mind. While the bathrooms are clean and functional, their tiling and fixtures appear dated, suggesting they have not been updated as recently as the kitchen. However, the property is move-in ready with no immediate functional renovations required, and the recent updates to key systems and the kitchen outweigh the cosmetic needs of the bathrooms.
Pros & Cons
Pros
Exceptional Location & Recreation: The property boasts a prime location with a short stroll to Almaden Lake Park, offering extensive recreational activities, trails, and easy access to shopping, dining, and major highways (85 & 87).
Key System Updates: Recent upgrades include a newly installed electrical sub-panel and a furnace that is only two years old, providing peace of mind regarding major home systems and reducing immediate maintenance concerns.
Modern Interior & Natural Light: The kitchen features sleek quartz countertops, and the dining area opens to a private patio, enhancing natural light throughout the home and offering a modern aesthetic.
Private Outdoor Living & Storage: A private patio with a planting area, storage closet, and privacy fencing offers a dedicated outdoor space for relaxation or gardening, along with practical storage solutions.
Desirable Community Amenities: Residents benefit from access to a sparkling community pool and clubhouse, complemented by the convenience of an in-unit laundry room with washer and dryer.
Cons
Compact Living Space: With only 543 square feet for a 1-bedroom, 1-bathroom layout, the unit is quite compact, which may limit appeal for buyers seeking more expansive living areas.
Substantial Association Fees: The monthly association fee of $660 is relatively high for a unit of this size, significantly adding to the overall cost of homeownership and potentially impacting affordability.
Recent Price Reductions: Multiple price drops from the initial listing price of $498,000 to $480,000 could indicate challenges in market valuation or slower buyer interest, potentially affecting perceived value.