Recently Listed Open House 8/1 10am - 11:30am
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
8/1/2026 10:00 AM - 11:30 AM
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
Heating Forced Air
Cooling None
Roof Composition Shingles
Appliances Dishwasher Electric Range
Zoning SJ
HOA Fee 674
Garage Spaces 0
Association Fee Includes Common Area Maint Reserves
Year Built 1984
View Park/Greenbelt
Stories Count 1
Levels One Story
Property Subtype Condominium
Assoc Fee Paid Per Monthly
County Santa Clara
Property Type Residential
Association Amenities Clubhouse
HOA true
Garage Y/N false
Full Baths 2
Status Active
City San Jose
High School District East Side Union High
MLS Area Listing
Standard Status Active
Elementary School District Oak Grove Elementary
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InteriorInterior Amenities Dining Area
Flooring Hardwood Tile
Total Fireplaces 1
Fireplace Features Living Room Wood Burning
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Total Bedrooms 2
Kitchen Features Tile Counters Dishwasher Electric Range/Cooktop Disposal
Total Baths 2
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ExteriorParking Features Parking Lot
Water Source Public
Building Area Total 989
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* Excluded FeaturesList ByJohn JenkinsListing Agent
john.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 $705,485
Percent of Sale Price 76%
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
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/28/2026 | $399,999 | | Listed Price |