218 Grayson Terrace, San Jose, California 95126, San Jose, - bed, bath
ACTIVE$958,000
218 Grayson Terrace, San Jose, California 95126
4Beds
3Baths
1,581Sqft
592Lot
Year Built
2005
Close
-
List price
$958K
Original List price
$1.05M
Price/Sqft
-
HOA
$440
Days on market
-
Sold On
-
MLS number
ML81994043
Home ConditionGood
Features
View-
About this home
Do not miss out this affordable & comfortable modern townhome in the Cahill Park community Down Town San Jose . Built in 2004, center located in the complex. Features 4 bed 2.5 bath 1,581 SqFt. Just recently fresh painted interiors, New Vinyl floors in the first floors, and new carpets through the upper floors. Open kitchen floor plan. Stainless steel appliances., Inside laundry included washer & dryer. Central HVAC System, Double pane windows. Attached tandem Two cars garage, Closed to Down town. CalTrain Station. Willow Glen. Easy to access HYW 87, 280 & 101.
Nearby schools
4/10
Merritt Trace Elementary School
Public,•K-5•1.2mi
3/10
Herbert Hoover Middle School
Public,•6-8•1.0mi
5/10
Abraham Lincoln High School
Public,•9-12•1.1mi
Price History
Date
Event
Price
09/17/25
Price Change
$958,000-1.0%
08/26/25
Price Change
$968,000-2.0%
08/22/25
Price Change
$988,000
04/28/25
Listing
$1,050,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (11 Listings) | |
|---|---|---|---|
| Beds | 4 | 3 | 75% |
| Baths | 3 | 3 | 50% |
| Square foot | 1,581 | 1,602 | 33% |
| Lot Size | 592 | 1,162 | 17% |
| Price | $958K | $1.16M | 33% |
| Price per square foot | $606 | $684.5 | 33% |
| Built year | 2005 | 10026003 | 50% |
| HOA | $440 | $415 | 67% |
| Days on market | 191 | 156 | 67% |
Condition Rating
Good
This townhome, built in 2005, falls within the 'Good' age range (10-20 years old). The property benefits from recent updates including fresh interior paint, new vinyl flooring on the first level, and new carpets upstairs, making it move-in ready with a fresh feel. The kitchen features modern stainless steel appliances, wood cabinets, and granite countertops which are well-maintained and functional, though the style is not the absolute latest trend. Bathrooms are clean with modern fixtures and double vanities in the main bath. All major systems like Central HVAC and double-pane windows are functional and within their expected lifespan. While not a full, top-to-bottom renovation to 'excellent' standards, the recent cosmetic updates and overall well-maintained condition justify a 'Good' rating.
Pros & Cons
Pros
Prime Location & Accessibility: Strategically located in the Cahill Park community, Downtown San Jose, offering excellent proximity to CalTrain Station, Willow Glen, and easy access to major highways (87, 280, 101), ideal for commuters and urban living.
Recent Updates & Modern Amenities: The townhome boasts fresh interior paint, new vinyl flooring on the first floor, new carpets upstairs, an open kitchen with stainless steel appliances, and included washer/dryer, making it move-in ready.
Modern Construction: Built in 2004, this property benefits from relatively modern construction standards, including central HVAC and double-pane windows, contributing to energy efficiency and comfort.
Spacious Layout: With 4 bedrooms and 2.5 bathrooms across 1,581 SqFt, the property offers a generous living space suitable for families or those needing extra rooms for home offices.
Affordable Entry Point: Described as an 'affordable & comfortable' modern townhome, its current list price reflects a significant reduction from the original, potentially offering good value in the San Jose market.
Cons
High Monthly HOA Fees: A substantial monthly association fee of $440 adds a significant recurring cost to homeownership, which could impact affordability for some buyers.
Tandem Garage Parking: The attached tandem two-car garage can be inconvenient for daily use, as it requires moving one vehicle to access the other, potentially limiting ease of access.
Significant Price Reductions: Multiple price drops from the original list price of $1,050,000 to $958,000 suggest the property may have been initially overpriced or is facing challenges in attracting buyers at its current valuation.