38623 Cherry Lane 171, Fremont, California 94536, Fremont, 94536 - 3 bed, 2 bath
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38623 Cherry Lane 171
Fremont, California 94536
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,199Sq Ft
649,044Lot Size
Property Price
LIST PRICE$589,000
EST. MARKET VALUE
$620,324
5% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $589,000—positioned well below the $620,324 Fair Market Value by 5%. This valuation gap provides $31,324 in Instant Equity for the next owner. Featuring a Good Condition Rating with recent upgrades like Luxury Vinyl Plank flooring and a refreshed kitchen, the home offers a move-in ready lifestyle near the Historic Niles District. This property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable, amenity-rich asset.
Estimated Market Value
$620,324+$31,324 Equity Potential
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 Lane 171 Subject | $589,000* List Price | 3 | 2 | 1,199 | $517 | - |
A 38623 Cherry Ln 148 Sold | $594,900 | 3 | 2 | 1,101 | $540 | - |
B 38740 Tyson Ln 213b Sold | $720,000 | 2 | 2 | 1,178 | $611 | 0.2 mi |
C 38242 Redwood Terrace Sold | $698,000 | 2 | 2 | 1,290 | $541 | 0.3 mi |
D 976 Huntington Ter Sold | $698,000 | 2 | 2 | 1,168 | $598 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1974, the interior has undergone significant recent renovations including brand-new luxury vinyl plank flooring, fresh paint, and a refreshed kitchen with stone countertops. The property is move-in ready with a newer in-wall AC unit, placing it in the 'Good' category as a well-maintained home with updates completed within the 5-15 year window.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Condition
The property features significant recent upgrades including brand-new luxury vinyl plank flooring, new window coverings, and fresh interior paint, offering a turnkey experience for the next owner.
- Strategic Location
Ideally situated near the Historic Niles District, BART, and major commute routes, this home provides excellent accessibility to local amenities and the broader Bay Area.
- Community Amenities
Residents benefit from resort-style amenities including a swimming pool, clubhouse, and playground, adding significant lifestyle value to the condominium complex.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =649044, other record lot size in square feet = 649200.
- High Monthly HOA Fees
The association fee of $582 per month is a substantial recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Bathroom Ratio
With three bedrooms but only 1.5 bathrooms, the property may face challenges appealing to larger families or households that prioritize multiple full bathing facilities.
About 38623 Cherry Lane 171
Welcome to this beautifully updated *3-bedroom, 1.5-bath* condo offering the perfect blend of comfort, style, and convenience. With street-level entry and a thoughtfully designed floor plan, this inviting home features spacious living areas, a private balcony, and an in-unit laundry closet for added everyday convenience. Recent improvements include brand-new luxury vinyl plank (LVP) flooring, fresh interior paint completed approximately three years ago, brand-new window coverings, and the added comfort of a newer in-wall air conditioning unit. The kitchen offers ample cabinet and counter space, and all appliances are included, making this home truly move-in ready. Enjoy resort-style community amenities including a sparkling swimming pool, clubhouse, and playground. Ideally located just minutes from the charming Historic Niles District, you'll be close to boutique shopping, local restaurants, parks, BART, and major commute routes, offering easy access throughout the Bay Area. Whether you're a first-time homebuyer, downsizing, or searching for an investment opportunity, this well-maintained condo offers exceptional value, comfort, and convenience in one of Fremont's most desirable locations. *** Property has been Virtually Staged. ***
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 649,044 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,199 | 1,139.405 |
| Lot Size | 649,044 | 74,326.036 |
| Price | $589.0K | $712.7K |
| Price per sq ft | $491 | $642 |
| Built year | 1974 | 1998 |
| HOA | $582.0 | $533 |
| Days on market | 34 | 51 |
Pricing History
Listed for Sale
Aug 6, 2026
$589,000
Initial Listing