565 Peerless Way 210, Tracy, CA 95376, Tracy, 95376 - 2 bed, 2 bath
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565 Peerless Way 210
Tracy, CA 95376
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,059Sq Ft
0Lot Size
Property Price
LIST PRICE$349,888
EST. MARKET VALUE
$315,199
11% AboveMARKET VALUE
SUMMARY
This 2-bedroom condo represents a High-Potential Investment Opportunity, listed at a List Price of $349,888—positioned well above the $315,199 Fair Market Value by -11%. While the property requires a Fair Condition Rating update to modernize its original 2003 finishes, the gated community location near downtown Tracy provides consistent rental demand. Featuring a functional layout and a private deck, this asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic cosmetic renovations.
Estimated Market Value
$315,199
Based on Realkey algorithm analyzing recent comparable sales in Tracy.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the 'Fair' category. While the unit appears clean and move-in ready, the interior finishes such as the carpeting and basic fixtures are dated and likely original, suggesting a need for minor updates to the kitchen, baths, and systems to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Secure Gated Community
Situated within a gated community near downtown Tracy, this property offers enhanced security and privacy while maintaining convenient access to local amenities and dining.
- Functional Layout
The 1,059 sqft floor plan features a desirable 2-bedroom, 2-bathroom configuration with a dedicated carport, providing a practical and comfortable living arrangement.
- Competitive Entry Price
Listed at $349,888, this condo represents an affordable entry point into the Tracy real estate market, making it an attractive option for first-time buyers or investors.
CONSRISKS & DEFICIENCIES
- School District Ratings
The assigned elementary and middle schools have relatively low ratings (3 and 4 respectively), which may be a drawback for families prioritizing high-performing school districts.
- Second-Floor Accessibility
Being a second-floor unit, the property may be less appealing to buyers with mobility concerns or those who prefer the convenience of ground-level access.
About 565 Peerless Way 210
Welcome home to this cozy 2-bedroom, 2-bathroom second-floor condo tucked inside a gated community near downtown Tracy. With a dedicated carport and a comfortable, functional layout, this home offers everyday convenience in a well-connected location. The living room and bedrooms feature carpeting, while the dining area offers laminate flooring. Enjoy easy access to downtown Tracy and everyday amenities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $275 / Month
Neighborhood Insights
Tracy Unified Schools
Louis A. Bohn Elementary School
Grades K-5 • 0.4 mi
3/10
Earle E. Williams Middle School
Grades 6-8 • 1.6 mi
4/10
Tracy High School
Grades 9-12 • 1.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,059 | 1,411 |
| Lot Size | - | 734 |
| Price | $349.9K | $455.5K |
| Price per sq ft | $330 | $322 |
| Built year | 2003 | 2003 |
| HOA | $275 | $578 |
| Days on market | 36 | 35 |
Pricing History
Listed for Sale
Sep 18, 2026
$349,888
Initial Listing
Sold
Jul 1, 2015
$145,000
Public Record
Sold
Sep 2, 2014
$144,500
Public Record
Sold
Mar 30, 2010
$99,000
Public Record