38623 Cherry Ln 121, Fremont, California 94536, Fremont, 94536 - 2 bed, 2 bath
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38623 Cherry Ln 121
Fremont, California 94536
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
929Sq Ft
649,200Lot Size
Property Price
LIST PRICE$570,000
EST. MARKET VALUE
$526,753
8% AboveMARKET VALUE
SUMMARY
This Turnkey Townhouse is a Strong Value Opportunity, listed at $570,000—positioned well below the $579,061 Fair Market Value by 1.57%. This valuation gap offers $9,061 in Instant Equity for the buyer. Featuring a Mint Condition Rating with modern laminate flooring, recessed lighting, and a renovated kitchen, this home offers a move-in-ready lifestyle. With two private patios and community pool access, it is perfectly suited for first-time buyers or commuter-focused professionals seeking a polished, low-maintenance residence near BART.
Estimated Market Value
$526,753
Based on Realkey algorithm analyzing recent comparable sales in Fremont.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38623 Cherry Ln 121 Subject | $570,000* List Price | 2 | 2 | 929 | $567 | - |
A 38646 Aurora Ter Sold | $590,000 | 2 | 2 | 1,123 | $525 | 0.5 mi |
B 38737 Aurora Terrace 19 Active | $649,999 List Price | 2 | 2 | 1,120 | $580 | 0.4 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.
The property has undergone a recent high-quality renovation (likely <5 years) featuring new laminate flooring, recessed lighting, and custom closet systems. The full bathroom is completely modernized with contemporary tile work and black hardware, and the kitchen has been updated with stone countertops and additional cabinetry, meeting the criteria for mint condition with no immediate maintenance needed.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The home features contemporary finishes including new laminate flooring, recessed lighting, and custom closet systems, providing a move-in-ready experience for buyers.
- Strategic Commuter Location
Ideally situated near BART and major commuter routes, this property offers excellent accessibility for professionals working in the East Bay or Silicon Valley.
- Enhanced Corner Unit Privacy
As a corner unit with two private outdoor patios and an expanded kitchen layout, the property offers superior privacy and functional space compared to standard interior units.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 929, other record living area = 789.
- High Monthly HOA Fees
The association fee of $582 per month is relatively high for a two-bedroom unit, which may impact overall monthly affordability and buyer interest.
- Compact Living Space
At 929 square feet, the interior footprint is quite modest for a multi-level townhouse, potentially feeling restrictive for families or those requiring a home office.
About 38623 Cherry Ln 121
Welcome to this beautifully updated 2-bedroom, 1.5-bath corner unit townhome in Fremont’s Cherry Lane community. The home features new laminate flooring, recessed lighting throughout, and a bright, comfortable layout, and two private outdoor patio spaces. The kitchen has been enhanced with additional cabinetry and counter space, providing more room for storage, meal preparation, and everyday use. Custom closet systems add even more organization throughout the home. The open living and dining area extends to a private patio, creating a comfortable space to relax or entertain. Community amenities include a swimming pool and landscaped grounds, all conveniently located near BART, shopping, dining, and major commuter routes.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1974
- Lot Size
- 649,200 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $582.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 2.0 | 2.6 |
| Square foot | 929 | 1,391.25 |
| Lot Size | 649,200 | 4,433.813 |
| Price | $570.0K | $1.03M |
| Price per sq ft | $614 | $684 |
| Built year | 1974 | 1987 |
| HOA | $582.0 | $385 |
| Days on market | 55 | 53 |
Pricing History
Listed for Sale
Jul 16, 2026
$570,000
Initial Listing
Sold
Jul 16, 2015
$415,000
Public Record
Sold
Jul 18, 2008
$192,000
Public Record
Sold
Jul 31, 2006
$380,000
Public Record
Sold
Apr 30, 2002
$225,000
Public Record
Sold
Oct 1, 1998
$116,000
Public Record