40300 Grimmer Blvd, Fremont, California 94538, Fremont, 94538 - 3 bed, 3 bath
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Fremont, California 94538
This 3-bedroom townhouse presents a Strong Value Opportunity, listed at $788,000—positioned well below the $845,329 Fair Market Value by 6%. This valuation gap offers $57,329 in Instant Equity. While the home has a Fair Condition Rating due to its 1982 vintage, it features a secluded expansive backyard and mountain views. Located in the Fremont Unified School District near top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term appreciation.
3-bed townhouse in Fremont, CA. Listed at $788k with $57k instant equity. Features mountain views, large yard, and top-rated schools. Perfect value-add opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40300 Grimmer Blvd Subject | $788,000* List Price | 3 | 3 | 1,250 | $676 | - |
A 40268 Bonica Rose Ter Sold | $1,000,000 | 3 | 3 | 1,310 | $763 | 0.7 mi |
B 3518 Madison Cmn Sold | $910,000 | 2 | 3 | 1,174 | $775 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property is significantly past the 20-year mark for a 'Good' rating. While the living area appears clean and staged, the bathroom photos reveal dated oak cabinetry, older laminate/cultured marble countertops, and 80s-style fixtures. The laundry and systems appear functional but aged, fitting the 'Fair' criteria of a dated home needing cosmetic updates and minor repairs.
Ideally situated near Lake Elizabeth and major commute routes, this home offers access to highly-rated schools including Irvington High and Durham Elementary, providing significant long-term value.
The property features a rare, secluded, and expansive backyard, offering a level of privacy and outdoor living space seldom found in townhouse developments.
The interior boasts a gourmet kitchen with a bar-top counter that flows seamlessly into the living areas, enhanced by abundant natural light and a well-designed three-bedroom floor plan.
The monthly HOA fee of $550 is relatively high, which may impact the overall affordability and debt-to-income ratio for some buyers.
Built in 1982, the home may require upcoming capital expenditures for aging systems or cosmetic updates to compete with newer contemporary constructions in the area.
Welcome to this beautifully situated two-story home in the heart of Fremont. Featuring 3 spacious bedrooms and 2.5 bathrooms, this home offers an ideal and thoughtfully designed floor plan perfect for both comfortable living and entertaining. The gourmet kitchen is a standout, complete with a stunning bar-top counter that seamlessly connects to the dining and living areas—perfect for casual meals or hosting guests. Generous natural light enhances the inviting atmosphere throughout the home. Enjoy the added benefit of a secluded, expansive back yard, offering a rare sense of privacy and a peaceful space for relaxation or outdoor enjoyment. Conveniently located near Lake Elizabeth Park, shopping, dining, and major commute routes, this exceptional townhome combines comfort, style, and prime location. No rental restriction*
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,250 | 1,440 |
| Lot Size | 46,751 | 8,961 |
| Price | $788.0K | $978.6K |
| Price per sq ft | $630 | $692 |
| Built year | 1982 | 1980 |
| HOA | $550.0 | $375 |
| Days on market | 27 | 45 |
Jun 25, 2026
$788,000
Initial Listing