1024 1024 Miller Avenue, Berkeley, California 94708, Berkeley, 94708 - 4 bed, 3 bath
1024 1024 Miller Avenue
Berkeley, California 94708
Property Price
SUMMARY
Analysis of 1024 1024 Miller Avenue, Berkeley, California 94708 reveals a Prime Investment Opportunity with a current list price of $1,295,000—significantly undercutting the $1,495,000 Fair Market Value by 13%. This valuation gap indicates a +$200,000 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1024 1024 Miller Avenue Subject | $1,295,000* List Price | 4 | 3 | 2,624 | $570 | - |
A 1125 High Court Sold | $1,250,000 | 4 | 2 | 2,096 | $596 | 0.4 mi |
B 1125 Keith Avenue Sold | $1,462,500 | 3 | 3 | 2,407 | $608 | 0.3 mi |
C 982 982 Grizzly Peak Blvd Active | $1,195,000 List Price | 4 | 3 | 2,469 | $484 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1955 mid-century residence is in move-in ready condition with significant recent updates, including a new roof and modern lighting. The property features a permitted ADU and is described as 'beautifully updated,' suggesting well-maintained kitchens and bathrooms. While it has undergone quality improvements and offers functional systems, the Home Energy Score of 2 and the age of the structure indicate it has not received the comprehensive, full-system renovation required for an 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Panoramic Views
The property boasts breathtaking, unobstructed views of the San Francisco Bay and city skyline, maximized by multiple viewing decks and large windows throughout the living spaces.
- Permitted Accessory Dwelling Unit
A fully permitted ADU with its own kitchen, bath, and private patio provides exceptional flexibility for rental income, multigenerational living, or a dedicated home office.
- Move-In Ready Condition
Recent high-value updates, including a brand-new roof and modernized lighting, complement the classic mid-century architecture and reduce immediate post-purchase maintenance costs.
CONSRISKS & DEFICIENCIES
- Low Energy Efficiency
The property has a Home Energy Score of 2, indicating that significant upgrades to insulation, windows, or HVAC systems may be needed to improve thermal comfort and reduce utility expenses.
- Hillside Development Complexity
While the yard offers expansion potential, the topography of the Berkeley Hills often involves complex permitting and higher construction costs for any future structural modifications or landscaping.
About 1024 1024 Miller Avenue
Perched in the Berkeley Hills’ coveted North Cragmont enclave, 1024 Miller Avenue is a beautifully updated brown shingle mid-century residence defined by panoramic Bay and San Francisco views. Built in 1955, the home offers approximately 2,600* square feet of light-filled living space, thoughtfully designed to maximize both comfort and flexibility. The main residence features four bedrooms and two bathrooms, complemented by a permitted accessory dwelling unit with its own kitchen, bath, and private patio. Ideal for hosting guests, working from home, or multigenerational living, the layout adapts effortlessly to today’s lifestyle. Multiple view decks extend the living spaces outdoors, including an oversized entertaining deck overlooking a generous yard with room to personalize or expand.** Recent improvements, including a new roof and modern lighting, enhance the home’s timeless appeal while making it move-in ready. This is Berkeley Hills living at its finest—where classic architecture meets breathtaking views and long-term potential. *Per public record. **Buyer is advised to conduct their own investigation with appropriate professionals and verify with the city prior to proceeding with the purchase, and to rely solely on their own. Home energy score is 2. Views: Downtown
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 5,350 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
Cragmont Elementary School
Grades K-5 • 0.2 mi
Oxford Elementary School
Grades K-5 • 0.6 mi
Thousand Oaks Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 2,624 | 1,927 | 77% |
| Lot Size | 5,350 | 5,714.5 | 44% |
| Price | $1.29M | $1.58M | 33% |
| Price per sq ft | $494 | $820 | 8% |
| Built year | 1955 | 1951 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 161 | 2% |
Pricing History
Listed for Sale
Mar 6, 2026
$1,295,000
$1,495,000
-13% Price Drop
Initial Listing
Price Change
Feb 11, 2026
$1,495,000
Initial Listing