1148 Bismarck Lane, Alameda, California 94502, Alameda, 94502 - 3 bed, 3 bath
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Alameda, California 94502
This property presents a Strong Value Opportunity with a List Price of $700,000—positioned well below the $768,173 Fair Market Value by 8%. This valuation gap offers $68,173 in Instant Equity for buyers. With a Condition Rating of 5, this townhome requires a full renovation, providing a blank canvas for value-add improvements. Located in the desirable Islandia community with access to top-rated schools and ferry transit, this is a Fix-and-Flip Investor or Contractor acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1148 Bismarck Lane Subject | $700,000* List Price | 3 | 3 | 1,673 | $459 | - |
A 1024 Fontana Dr Sold | $750,000 | 3 | 3 | 1,584 | $473 | 0.5 mi |
B 202 Baywood Rd Sold | $769,000 | 3 | 2 | 1,492 | $515 | 0.6 mi |
C 3447 Capella Ln Sold | $815,000 | 3 | 3 | 1,642 | $496 | 0.3 mi |
D 1131 Via Alamosa Sold | $830,000 | 3 | 3 | 1,584 | $524 | 0.4 mi |
E 402 Baywood Rd Pending | $695,000 List Price | 3 | 3 | 1,725 | $403 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1970 (54 years old) and explicitly marketed as a 'fixer' and 'blank canvas,' this property likely has original or severely outdated kitchens, baths, and systems. The description's call for a contractor and tools indicates it needs a full rehab rather than minor repairs.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Perfectly situated in the desirable Islandia community, this home offers easy access to the Harbor Bay Ferry for direct San Francisco commutes and is zoned for top-rated schools like Amelia Earhart Elementary.
As the lowest-priced entry point in a high-demand neighborhood, this 'fixer' serves as a blank canvas for investors or homeowners to build instant equity through customized renovations.
The property is explicitly marketed as a fixer-upper, meaning buyers must account for significant additional capital and time for contractors and materials to make the home habitable and modern.
With a monthly association fee of $580 in addition to the renovation costs, the ongoing carrying expenses may be a concern for budget-conscious buyers or those looking for lower overhead.
ALAMEDA FIXER WITH MAJOR UPSIDE! Uncover a true diamond in the rough at 1148 Bismarck Lane! Perfectly situated in Alamedas highly desirable Islandia community, this massive 1,673 sq. ft. contemporary townhome features 3 BR / 3 BA and is the ultimate blank canvas to build instant equity.Bring your creative vision to revitalize the light-filled, open layout and customize every detail to your exact taste. Why Youll Love This Location:Assigned to top-performing schools like Amelia Earhart Elementary.Commuters dream, located minutes from the scenic Harbor Bay Ferry straight to San Francisco.Private, low-maintenance backyard patio.Amazing Islandia HOA resort amenities: heated pool, tennis & basketball courts, and clubhouse.Don't miss the lowest-priced entry point into an incredible neighborhood. Bring your tools, contractor, and imagination!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 3.4 mi
Grades K-5 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,673 | 1,581 |
| Lot Size | - | 1,650 |
| Price | $700.0K | $864.5K |
| Price per sq ft | $418 | $577 |
| Built year | 1970 | 1971 |
| HOA | $580.0 | $594 |
| Days on market | 2 | 39 |
Jul 20, 2026
$700,000
Initial Listing