492 Dempsey Road 193, Milpitas, California 95035, Milpitas, 95035 - 2 bed, 1 bath
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492 Dempsey Road 193
Milpitas, California 95035
ACTIVE
CONDITION: GOOD
2Beds
1Baths
842Sq Ft
842Lot Size
Property Price
LIST PRICE$498,000
EST. MARKET VALUE
$509,000
SUMMARY
This Turnkey Condominium presents a Prime Investment Opportunity with a List Price of $509,000—positioned well below the $519,878 Fair Market Value by 2%. This valuation gap offers $10,878 in Instant Equity. Featuring a Condition Rating of 3, the unit boasts a Granite Kitchen and modern updates. Residents enjoy extensive amenities including a Pool, Spa, and Gym. Located near Milpitas High School (9/10) and major transit hubs, this property is ideal for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home.
Estimated Market Value
$509,000
Based on Realkey algorithm analyzing recent comparable sales in Milpitas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 492 Dempsey Road 193 Subject 2 bd · 1 ba · 842 sqft · $605 | $498,000* List Price | 2 | 1 | 842 | $605 | - |
A 404 Dempsey Road 207 Sold 2 bd · 1 ba · 842 sqft · $523 · 0.1 mi | $440,000 | 2 | 1 | 842 | $523 | 0.1 mi |
B 444 Dempsey Road 147 Sold 1 bd · 1 ba · 676 sqft · $581 · 0.1 mi | $392,500 | 1 | 1 | 676 | $581 | 0.1 mi |
C 480 Dempsey Rd 283 Sold 1 bd · 1 ba · 676 sqft · $592 · 0.0 mi | $400,000 | 1 | 1 | 676 | $592 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1977, the property has undergone recent interior renovations. The description and images show an updated kitchen with dark shaker cabinets, granite countertops, stainless-steel appliances, modern bathroom updates, and newer laminate flooring, making it well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Milpitas High School (9/10).
- Prime Commuter Location
Exceptionally located near the Great Mall, Milpitas BART, and major highways including 680, 880, and 237, offering unparalleled convenience for Silicon Valley professionals.
- Modernized Interior Finishes
The condo features a contemporary kitchen with dark shaker cabinets, granite countertops, and stainless-steel appliances, providing a stylish and move-in-ready living space.
CONSRISKS & DEFICIENCIES
- Low Elementary School Rating
The assigned elementary school has a rating of 3, which may be a deterrent for families prioritizing high-performing primary education for their children.
- Compact Living Area
With only 842 square feet for a two-bedroom unit, the interior layout may feel restrictive for buyers seeking more spacious accommodations or additional storage.
About 492 Dempsey Road 193
Gorgeous ground floor condo with own private patio! Bright and airy with an open floor plan and two spacious bedrooms. Attracted kitchen features dark shaker cabinets, granite counter top, bold tile floor, and stainless-steel appliances. The modern bathroom Located in Milpitas, this 2-bedroom, 1-bath home offers 842 square feet of living space on an 842 square foot lot. round comfort. This complex offers a CLUB HOUSE, GYM, TENIS COURT, POOL , SPA, BBQ & PICNIC AREA, CHILDREN'S PLAYGROUND, & MANY OTHERS. HOA covers for water, garbage, utilities. Exceptionally located, minutes away from Great Mall, Light rail and Milpitas BART and easy access to hwy 680, 237, 880, & 101.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 842 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $501.0 / Month
Neighborhood Insights
Milpitas Unified Schools
Robert Randall Elementary School
Grades K-6 • 0.1 mi
3/10
Rancho Milpitas Middle School
Grades 7-8 • 0.8 mi
7/10
Milpitas High School
Grades 9-12 • 1.7 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 1.0 | 1.9 |
| Square foot | 842 | 1,184.154 |
| Lot Size | 842 | 1,312.292 |
| Price | $498.0K | $732.9K |
| Price per sq ft | $591 | $649 |
| Built year | 1977 | 1999 |
| HOA | $501.0 | $508 |
| Days on market | 43 | 56 |
Pricing History
Listed for Sale
Oct 10, 2026
$498,000
$509,000
-2% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$509,000
Initial Listing
Sold
Dec 19, 2023
$507,000
Public Record
Sold
Jun 26, 2020
$335,000
Public Record
Sold
May 14, 2019
$490,000
Public Record
Sold
Dec 13, 2010
$186,000
Public Record
Sold
Jan 31, 2007
$370,000
Public Record