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500 Alvarez CommonMilpitas, CA 95035

For Sale

$1,180,000

Smart Buyer Rebate $11,800

Welcome to this North-facing townhome in the gated Terra Serena community, featuring the most sought-after floor plan and access to nearby top-rated schools: Pearl Zanker (10/10), Rancho Middle (9/10), Milpitas High (9/10) & Stratford. This 1,817 sq. ft. home includes 3 bedroom, 2.5 bath and a den/bonus room offering rare privacy & scenic mountain views w/ no neighbors directly in front. The interior is flooded w/ abundant natural light through massive windows and high ceilings, complemented by a versatile first-floor bonus room perfect for an office/study and a cozy patio.The freshly painted interior features hardwood flooring, ceiling fans and a chefs kitchen anchored by a huge granite island, gas cooktop, oven, SS appliances and RO water filter. For maximum storage, the kitchen includes additional pantry cabinets. The master suite includes a dual-sink vanity, soaking tub, separate walk-in shower, and a walk-in closet with custom shelving. Modern essentials include Nest thermostats, recessed lighting, Central HVAC, washer/dryer & a side-by-side two-car garage. Low HOA fee that includes access to pool, spa, clubhouse & discounted fiber internet. Perfect for commuters and just minutes from 880/237/680 freeway, Milpitas BART, VTA, Great Mall, parks & restaurants.

Listed by Erica Wong

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License #01866034

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168 Realty

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415-990-1928

Last updated April 21, 2026

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Source: MLSListings #ML82039900

Listing Facts

  • TypeSingle-family
  • NeighborhoodSouthwestern Milpitas
  • Bedrooms3
  • Days on Prevu15
  • HOA/Maint. Fees$424/month
  • Size1,817 sqft
  • Price per sqft$649

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Pets Allowed
  • Parking
  • Swimming Pool

Location

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Listing History

04/17/2026
Listed by 168 Realty
$1,180,000

Property Details for 500 Alvarez Common

Association

Fees

  • Association Fee: $424.00 Monthly

General

  • Association Name: Terra Serena Owners Association

Exterior

Construction

  • Roof: Tile
  • Stories: 2
  • Year Built: 2007
  • Year Built Details: 2

Features

  • Patio And Porch Features: Balcony/Patio
  • Pool Features: Community Facility

Measurements

  • Building Area Total: 1,817
  • Lot Size Acres: 0.01
  • Lot Size Area: 846
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 846
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 083-18-073

Interior

Features

  • Appliances: Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Built-In, Gas, Refrigerator, Washer/Dryer
  • Flooring: Carpet, Hardwood

Measurements

  • Living Area: 1,817

Rooms

  • Bathrooms Full: 2
  • Bedrooms Total: 3

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Attached Garage, Guest / Visitor Parking

Schools

Elementary School

  • Elementary School: Pearl Zanker Elementary
  • Elementary School District: Milpitas Unified

High School

  • High School: Milpitas High
  • High School District: Milpitas Unified

Middle or Junior School

  • Middle Or Junior School: Rancho Milpitas Junior High

Utilities

Equipment

  • Cooling: Central Forced Air, Multi-Zone
  • Heating: Central Forced Air - Gas, Heating - 2+ Zones
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this single-family home have?

There are 3 bedrooms in this single-family home at 500 Alvarez Common.

What schools are nearby to 500 Alvarez Common?

Nearby schools include the Pearl Zanker Elementary, Rancho Milpitas Junior High, and Milpitas High.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 500 Alvarez Common.

How does 500 Alvarez Common compare to other single-family homes in Southwestern Milpitas?

This single-family home is listed 5% above the average price for single-family homes in Southwestern Milpitas and has been on the market for 7 more days than the typical home in this area.

What building or home owners association is the single-family home part of?

This single-family home is part of the Terra Serena Owners Association home owners association.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,817 sqft.

500 Alvarez Common is a 3-bedroom single-family home for sale in Milpitas CA 95035. On Prevu for 15 days at $1,180,000. This property features 1,817 square feet of living space, located in Milpitas. The median listing price for single-family homes in this area is $1,199,350. Nearby schools include Pearl Zanker Elementary, Rancho Milpitas Junior High, and Milpitas High. The home offers private outdoor space, dishwasher, pets allowed, parking, and swimming pool. Browse more single-family home listings in Milpitas.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.