5487 Makati Circle

• Fri Jul 31, 10:00 am - 11:30 am

  There will only be a few times that you will be able to go through the condo. So do not miss the opportunity. Contractors Special

• Sat Aug 1, 10:00 am - 11:30 am

  There will only be a few times that you will be able to go through the condo. So do not miss the opportunity. Contractors Special

Contractor Special! Incredible Opportunity to Build Instant Equity in Desirable South San Jose! Unlock the potential of this ground-floor condo in the sought-after Terrace Villas community. This 2-bedroom, 2-bath home offers 989 square feet with soaring cathedral ceilings, a wood-burning fireplace, interior laundry, and a functional floor plan ready for your vision. A true fixer-upper, this probate sale presents an outstanding opportunity for investors, contractors, flippers, or buyers looking to renovate and build instant equity. Updated units in the community have recently sold for approximately $575,000. Property will likely require an all-cash purchase. Nestled among mature trees and lush landscaping, Terrace Villas offers a community pool, spa, clubhouse, and beautifully maintained grounds. Conveniently located near Village Oaks Shopping Center, restaurants, parks, Kaiser Permanente, and Highways 85 and 101. Schools include Alex Anderson Elementary, Bernal Intermediate, and Oak Grove High School (buyer to verify). HOA dues are $674 per month. Don't miss this chance to transform a diamond in the rough into something truly special!

Days on Market

2 days

Current Status

Active

Original Price

$399,999

List Price

$399,999

On Market Date

Jul 27, 2026

Property Type

Condominium

Area

12 - Blossom Valley

Zip Code

95123

MLS ID

ML82055674

APN

692-38-013

Year Built

1984

Stories in Building

1

Possession

Unavailable

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

2

Bath

2

Full on Ground Floor, Primary - Stall Shower(s), Shower and Tub

Parking

1

Assigned Spaces, Carport, Parking Area

SQ FT

989

SQ FT Source

Unavailable

Kitchen

Cooktop - Electric, Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator

Cooling

None

Dining Room

Dining Area

Disclosures

NHDS Report

Family Room

No Family Room

Flooring

Carpet, Hardwood, Tile, Vinyl / Linoleum

Foundation

Concrete Perimeter and Slab

Fire Place

Living Room, Wood Burning

Heating

Central Forced Air - Gas

Laundry

Inside

Views

Greenbelt

* Fee

$674

Name

Terrace Villas HOA

Phone

408-226-3300

*Fee includes

Common Area Electricity, Common Area Gas, Exterior Painting, Garbage, Maintenance - Common Area, Pool, Spa, or Tennis, Reserves, and Roof

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.