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3858 Development Ter #1000, Fremont, CA, 94538

2beds
3baths
1,326sqft
$998,000
$753price/sqft
$6,567/moest. monthly cost
$262,680/yrincome needed

About This Home

A rare opportunity to own a premier location in the desirable Innovation community! Enjoy the comfort and privacy of single-family living in this northeast-facing corner-unit townhome, just steps from a 10/10-rated elementary school and resort-style amenities, with premium owner upgrades throughout. Built in 2019, this contemporary townhouse-style condominium offers 1,326 square feet of thoughtfully designed living space with an attached garage. The open-concept main level features modern hardwood flooring and a chef-inspired kitchen with quartz countertops, a Café range, soft-close cabinetry, and a large center island ideal for entertaining. The upper level includes two spacious bedrooms, highlighted by a generous primary suite with dual vanities, an oversized stone-surround shower, and a large walk-in closet. Smart-home features include built-in Wi-Fi, a Wi-Fi-enabled garage door opener, EV charging capability, and a tankless water heater. Additional upgrades include new carpet, designer-selected paint, and updated lighting throughout. Ideally located near the community's zero-entry pool, fitness center, and fire pits. Conveniently close to Mission Peak, major employers, the Warm Springs/South Fremont BART Station, Highways 880 and 680, shopping, and dining.

Getting Around

31
WalkingCar-Dependent
51
TransitGood Transit
61
BikeBikeable

Schools

10/10
8/10
7/10

Construction

Condition

  • Year built: 2019

Materials

  • Foundation: Concrete Perimeter and Slab
  • Roof: Metal

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Features: DiningFamilyCombo

Family Room

  • Features: KitchenFamilyRoomCombo

Heating & Cooling

  • Heating features: Central Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,326
  • Total interior livable area: 1,326 sqft

Property

Details

  • Parcel number: 5191754212
  • Zoning: WSI-4
  • Special condition: Standard

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Alameda County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,046$60,552
Home Insurance *$92$1,104
Property Taxes $1,031$12,372
Electricity $398$4,786
Total$6,567$78,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$225,154/yr
40% on housing$197,010/yr
45% on housing$175,120/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$753This listing

vs Other Active Listings

Avg $/sqft

ZIP 94538$601
Alameda County$497

vs Homes Sold Last Month

Median $/sqft

ZIP 94538$1,054
Alameda County$664

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-19Listed for sale$998,000
2023-07-05Listing removed--
2023-06-23Listed for rent$4,000
2021-07-19Listing removed--
2021-07-13Listed for rent$3,600

For Sale by Agent

AgentStanley Huang
BrokerageGreen Valley Realty USA

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