406 Terra Mesa Way, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 3 bath
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Milpitas, California 95035
This Turnkey Townhouse is a Strong Value Opportunity, listed at $1,200,000—positioned slightly above the $1,116,916 Fair Market Value. Despite the premium, the property maintains an Excellent Condition Rating with recent upgrades including a new HVAC system and EV-ready charging. Located in a community with access to Top-Rated Schools like Milpitas High (9/10) and proximity to Dixon Landing Park, it offers a premium lifestyle. This residence is an ideal choice for first-time buyers or owner-occupants seeking a modern, low-maintenance home in a high-demand district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 406 Terra Mesa Way Subject | $1,200,000* List Price | 3 | 3 | 1,547 | $722 | - |
A 1361 Lilac Avenue Sold | $1,100,000 | 2 | 1 | 1,518 | $725 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1992, the property features recent renovations (likely <5 years) including new flooring throughout and a brand-new HVAC system. The inclusion of EV-ready charging and a smart water meter, combined with its 'move-in ready' status, aligns with the criteria for excellent condition.
Middle School: Thomas Russell Middle School (9/10). High School: Milpitas High School (9/10).
The property features significant recent upgrades including a new heating and cooling system, EV-ready charging, and a smart water meter, providing immediate value and reduced maintenance costs for the buyer.
Zoned for highly-rated Milpitas schools, including Thomas Russell Middle and Milpitas High (both rated 9/10), making this an exceptionally strong option for families and long-term appreciation.
With a lot size of only 938 sqft, the outdoor area is restricted to a small patio, which may not satisfy buyers looking for a traditional backyard or gardening space.
As a condominium/townhouse unit, the property involves shared walls and community living constraints, which may offer less privacy and autonomy compared to a detached single-family home.
Move-in ready townhouse tucked inside a quiet, safe and well-kept community. From the moment you walk in, expansive windows fill the bright living and dining areas with natural light, creating an open and welcoming space for everyday living. The home has been tastefully updated with new flooring, a smart water meter, a new heating and cooling system, EV-ready charging, and other thoughtful improvements that add comfort, efficiency, and long-term value. Generously sized bedrooms provide comfortable private retreats, while the spacious family room is ideal for entertaining, family gatherings, or a flexible work-from-home setup. Step outside to your patio with outdoor seating potential the perfect spot for morning coffee or weekend relaxation. Enjoy the lifestyle benefit of outdoor space without the maintenance burden of a full yard. Nearby is a Dixon Landing Park that promotes an active lifestyle with easy access to tennis courts, a pool, open green space, and play areas for kids. With close proximity to major freeways, shopping, dining, and everyday essentials, you can spend less time commuting and more time enjoying home. Highly rated Milpitas schools are also within a few miles, making this a strong option for buyers looking for comfort, convenience & long-term community appeal.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 0.9 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 53% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,547 | 1,180 | 76% |
| Lot Size | 938 | 836 | 71% |
| Price | $1.20M | $780.0K | 76% |
| Price per sq ft | $776 | $674 | 88% |
| Built year | 1992 | 2007 | 47% |
| HOA | $295.0 | $564 | 12% |
| Days on market | 11 | 93 | 6% |
May 27, 2026
$1,200,000
Initial Listing
Jul 9, 2024
$1,275,000
Public Record
Oct 16, 2018
$940,000
Public Record
Apr 5, 2007
$635,000
Public Record
Dec 13, 2002
$455,000
Public Record