111 Fairlawn Dr, Berkeley, California 94708, Berkeley, 94708 - 2 bed, 2 bath
ACTIVE$799,000$1,587/sqft
Est. Value: $761,202
-4%
AboveEstimate
111 Fairlawn Dr, Berkeley, California 94708
2Beds
2Baths
1,587Sqft
5,125Lot
Price Vs. Estimate
The estimated value ($761,202.17) is $37,797.83 (4%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in the desirable Berkeley Hills, the property boasts an excellent location close to UC Berkeley, offering convenience and strong market appeal.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1587, other record living area = 1389.
Compared to the nearby listings
Price:$799.0K vs avg $1.60M ($-801,000)2%
Size:1,587 sqft vs avg 2,056 sqft25%
Price/sqft:$503 vs avg $8427%
More Insights
Built in 1939 (87 years old).
Condition: Built in 1939, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original-style wood cabinets, worn countertops, and very old appliances, along with dated flooring and backsplash. Both bathrooms have severely outdated fixtures and finishes, including pink and blue mosaic tiles that appear to be from several decades ago. The overall interior shows worn hardwood floors, outdated paint colors, and older light fixtures. The description explicitly states it 'needs updating and polishing' and has a 'BESO home energy score of 2,' indicating poor energy efficiency and likely requiring major system upgrades. While livable, it is far from modern and necessitates extensive renovation to meet current standards.
Year Built
1939
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$503
HOA
-
Days on market
-
Sold On
-
MLS number
41120897
Home ConditionPoor
Features
Good View:
Deck
Patio
View-
About this home
Opportunity awaits in the Berkeley hills! This longtime family home offers a rare chance to bring your own vision to life. There is more to this modest yet charming split-level home than meets the eye. The main level has a traditional layout with a foyer, living room, dining room, and kitchen overlooking the back yard. There are two full bedrooms and a bath on the upper level. The lower level has a second full bath, laundry area, and two flexible rooms. A secret sunny space tucked up under the eaves with a deck and a peek-a-boo view of the Bay served as a home office. The generous lot has great potential for indoor-outdoor living. While it needs updating and polishing, its excellent location close to UC Berkeley offers loads of possibilities. BESO home energy score of 2.
E
Erik Dreher
Listing Agent
Condition Rating
Poor
Built in 1939, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original-style wood cabinets, worn countertops, and very old appliances, along with dated flooring and backsplash. Both bathrooms have severely outdated fixtures and finishes, including pink and blue mosaic tiles that appear to be from several decades ago. The overall interior shows worn hardwood floors, outdated paint colors, and older light fixtures. The description explicitly states it 'needs updating and polishing' and has a 'BESO home energy score of 2,' indicating poor energy efficiency and likely requiring major system upgrades. While livable, it is far from modern and necessitates extensive renovation to meet current standards.
Pros & Cons
Pros
Prime Location: Situated in the desirable Berkeley Hills, the property boasts an excellent location close to UC Berkeley, offering convenience and strong market appeal.
Significant Potential: This property presents a rare opportunity for buyers to bring their own vision to life, allowing for customization and value addition through renovation and design.
Generous Lot Size: The property features a generous lot with great potential for enhancing indoor-outdoor living spaces, landscaping, or possible expansion.
Flexible Living Spaces: The lower level includes a second full bath and two flexible rooms, providing versatile options for a home office, guest suite, or additional living areas.
Bay View: A dedicated sunny space under the eaves with a deck offers a charming 'peek-a-boo view of the Bay', adding a unique aesthetic appeal.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1587, other record living area = 1389.
Requires Extensive Updating: The home 'needs updating and polishing', indicating that significant investment will be required for renovations to modernize the interior and systems.
Low Energy Efficiency: With a BESO home energy score of 2, the property has poor energy efficiency, which will likely result in higher utility costs and may necessitate costly energy upgrades.
Older Construction: Built in 1939, the property is an older home, which may come with outdated infrastructure, systems, and potential for deferred maintenance issues.