500 Alvarez, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 2 bath
Loading property details...
Milpitas, California 95035
This Modern Gated Townhouse is a Prime Investment Opportunity, listed at $1,180,000—positioned well below the $1,229,300 Fair Market Value by 4%. This valuation gap provides $49,300 in Instant Equity. Boasting a Condition Rating of 3, the 1,817 sq. ft. layout features a Granite Chef’s Kitchen, scenic mountain views, and a versatile first-floor bonus room. Residents enjoy access to Top-Rated Schools including Thomas Russell Middle (9/10) and Milpitas High (9/10). This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors targeting high-demand Silicon Valley rentals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Alvarez Subject | $1,180,000* List Price | 3 | 2 | 1,817 | $677 | - |
A 969 Mente Linda Loop Sold | $1,160,000 | 3 | 3 | 1,810 | $641 | 0.2 mi |
B 59 Wind Song Sold | $1,080,000 | 3 | 4 | 1,534 | $704 | 0.6 mi |
C 1142 Mente Linda Loop Sold | $1,180,000 | 3 | 3 | 1,810 | $652 | 0.2 mi |
D 789 Parc Lane Active | $1,099,000 List Price | 3 | 2 | 1,530 | $718 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this 17-year-old property is well-maintained and move-in ready. The kitchen features granite countertops and stainless steel appliances, while the home includes modern systems like central HVAC and Nest thermostats. The interior has been freshly painted with hardwood flooring throughout, fitting the 10-20 year age bracket for functional, high-quality condition.
Middle School: Thomas Russell Middle School (9/10). High School: Milpitas High School (9/10).
Ideally situated near major tech corridors with easy access to 880/237/680 freeways, Milpitas BART, and VTA, making it a prime choice for Silicon Valley professionals.
This unit offers a rare level of privacy within a gated community, featuring scenic mountain views and no neighbors directly in front, complemented by high ceilings and abundant natural light.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =846, other record lot size in square feet = 435.
With a lot size of only 846 sq. ft., the property offers a small patio rather than a traditional backyard, which may limit options for outdoor recreation or gardening.
The townhouse's multi-level design may pose accessibility challenges for some residents and requires frequent stair usage between the living areas and bedrooms.
Welcome to this North-facing townhome in the gated Terra Serena community, featuring the most sought-after floor plan and access to nearby top-rated schools: Pearl Zanker (10/10), Rancho Middle (9/10), Milpitas High (9/10) & Stratford. This 1,817 sq. ft. home includes 3 bedroom, 2.5 bath and a den/bonus room offering rare privacy & scenic mountain views w/ no neighbors directly in front. The interior is flooded w/ abundant natural light through massive windows and high ceilings, complemented by a versatile first-floor bonus room perfect for an office/study and a cozy patio.The freshly painted interior features hardwood flooring, ceiling fans and a chefs kitchen anchored by a huge granite island, gas cooktop, oven, SS appliances and RO water filter. For maximum storage, the kitchen includes additional pantry cabinets. The master suite includes a dual-sink vanity, soaking tub, separate walk-in shower, and a walk-in closet with custom shelving. Modern essentials include Nest thermostats, recessed lighting, Central HVAC, washer/dryer & a side-by-side two-car garage. Low HOA fee that includes access to pool, spa, clubhouse & discounted fiber internet. Perfect for commuters and just minutes from 880/237/680 freeway, Milpitas BART, VTA, Great Mall, parks & restaurants.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
Grades 7-8 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 17% |
| Square foot | 1,817 | 1,535.5 | 83% |
| Lot Size | 846 | - | 87% |
| Price | $1.18M | $1.19M | 50% |
| Price per sq ft | $649 | $748 | 7% |
| Built year | 2007 | 2015 | 27% |
| HOA | $424.0 | $396 | 77% |
| Days on market | 5 | 113 | 3% |
Apr 17, 2026
$1,180,000
Initial Listing
Jan 20, 2021
$1,135,000
Public Record
Nov 5, 2008
$574,000
Public Record