38623 Cherry Lane 203, Fremont, California 94536, Fremont, 94536 - 2 bed, 1 bath
38623 Cherry Lane 203
Fremont, California 94536
Property Price
SUMMARY
Analysis of 38623 Cherry Lane 203, Fremont, California 94536 is currently available with a list price of $488,888. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Fremont Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained. Although built in 1974, it features several modern updates including stainless steel kitchen appliances, stone countertops, and updated laminate flooring. The bathroom has been refreshed with a newer vanity and fixtures. While not a full top-to-bottom luxury renovation, the unit shows minimal wear and tear and meets the criteria for a solid 'Good' condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Commuter Location
The property offers exceptional accessibility, located minutes from the Fremont BART station and major highways 680, 880, and 84, making it ideal for Bay Area commuters.
- Desirable Unit Positioning
As a corner/end unit, this condo provides enhanced privacy and potentially more natural light compared to standard interior units.
- Competitive Market Entry Point
With a significant price reduction to $488,888, this property represents a rare affordable opportunity for first-time buyers or investors in the Fremont area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =646574, other record lot size in square feet = 649200.
- High Monthly Carrying Costs
The association fee of $582 per month is relatively high for a 799-square-foot unit, which may impact the overall monthly budget for some buyers.
- Limited Bathroom Ratio
The 2-bedroom, 1-bathroom configuration may be a drawback for families or roommates compared to more modern layouts that typically offer a second bathroom.
About 38623 Cherry Lane 203
This spacious Corner/End unit Condo, offers a well maintained 2- Bedroom / 1 Bathroom. Ideal for first - time home buyer & investor, easy access to major highways 680, 880 and 84. Enjoy the perfect blend of comfort and convenience. Minutes away from the Fremont Bart station, Fremont Hub and the historic Niles.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 646,574 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 799 | 945 | 22% |
| Lot Size | 646,574 | 1,100 | 96% |
| Price | $488.9K | $510.0K | 39% |
| Price per sq ft | $612 | $554 | 74% |
| Built year | 1974 | 1986 | 17% |
| HOA | $582.0 | $555 | 52% |
| Days on market | 5 | 110 | 4% |
Pricing History
Listed for Sale
Mar 3, 2026
$488,888
Initial Listing
Price Change
Mar 2, 2026
$550,000
Initial Listing
Sold
Sep 2, 2011
$146,000
Public Record
Sold
May 26, 2006
$358,000
Public Record
Sold
Sep 10, 2003
$236,000
Public Record
Sold
Apr 13, 1999
$124,272
Public Record