Property Overview:
38623 Cherry Ln, Apt 156 is a condominium unit in Fremont, CA, built in 1974. It features 2 bedrooms, 1 bathroom, and 789 sq. ft. of living space. The home includes indoor laundry, a parking garage, and a spacious private patio. The estimated home value is $585,700 (sold for $405,000 in 2015).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.8% (lower than state average of 11.8%).
- Property crime risk: 7.6% (lower than state average of 10.8%).
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Schools:
Nearby schools include California School for the Blind, Parkmont Elementary, Washington High, and Centerville Junior High.- Average SAT score: 1106 (higher than state average of 975).
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Job Market:
- 63.8% white-collar jobs, 36.2% blue-collar jobs.
- Unemployment rate: 3.4% (lower than state average of 4.7%).
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Demographics:
- Community population: 66,691 (7.4% growth since 2000).
- 71% families with children.
- Largest age group: 35-44 years (16.05%); second largest: 25-34 years (15.54%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 46.9°F (January), 78.6°F (July).
- Average rainfall: 17.9 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $78,663.
- Average annual spending: $58,749.
Property Features:
- Remodeled first-floor condo in move-in ready condition.
- Brand new two-tone paint with crown molding.
- Granite countertops, stainless steel appliances, laminate wood flooring, and recessed lighting.
- Indoor laundry with refrigerator, washer, and dryer included.
- Spacious private patio with storage closet.
- No HOA rental restrictions—great for investment.
- Community amenities: Pool, hot tub, and green space.
- Easy access to freeways 680/880/84, BART, parks, library, shops, restaurants, and schools.
Location Benefits:
- One of the lowest-priced 2-bedroom condos in Fremont—ideal for first-time buyers or investors.
- Commuter-friendly: Close to major highways and public transit.
- Family-oriented community with excellent schools and amenities nearby.
- Safe, growing neighborhood with a strong job market and high median income.