Recently Listed Open House 7/28 1:30pm - 3pm
5487 Makati Circle
San Jose, CA, 95123 $ 399,999
Bedrooms2 Baths2.0 Sq 989 Monthly Estimate*
$ 2,526
for $399,999 with 2 bedrooms and 2 full baths. This 989 square foot condo was built in 1984.
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!
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Open House
7/28/2026 1:30 PM - 3:00 PM
5487 Makati Circle San Jose, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralLiving Area 989
Sewer Public Sewer
Cooling None
Roof Composition
Appliances Dishwasher Electric Cooktop Disposal Refrigerator Range Hood
Zoning SJ
HOA Fee 674
Garage Spaces 0
Pool Features Association
Year Built 1984
View Park/Greenbelt
Property Subtype Condominium
Building Name Terraces Villas HOA
Assoc Fee Paid Per Monthly
County Santa Clara
New Construction false
Property Type Residential
Association Amenities Clubhouse Pool Recreation Room Spa/Hot Tub Trash
HOA true
Attached Garage false
Garage Y/N false
Full Baths 2
Status Active
Directions Cross Street: Rochester Ave.
High School Oak Grove
City San Jose
Association Name Terrace Villas HOA
High School District Other
MLS Area 699 - Not Defined
Carport Spaces 1
Carport Y/N true
Elementary School Other
Property Attached Y/N false
Middle/Junior High School Bernal Intermediate
Property Condition Fixer
Standard Status Active
Occupancy Type Vacant
Year Built Source Assessor
Property Sub Type Additional Condominium
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InteriorFlooring Carpet Tile Wood
Fireplace Features Living Room Wood Burning
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Total Bedrooms 2
Total Baths 2
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ExteriorParking Features Carport
Water Source Public
Total Parking 1
Lot Size Source Assessor
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* Excluded FeaturesList Byjohn.jenkins@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,526
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in San Jose, CA
Average List Price $692,761
Percent of Sale Price 73%
About San Jose, CA 1,023,338 Population
13% Since 2002
$ 93,707 Median Income
37.72 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Oak Grove High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/28/2026 | $399,999 | | Listed Price |