1203 1203 Melville Sq 216, Richmond, California 94804, Richmond, 94804 - 1 bed, 1 bath
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1203 1203 Melville Sq 216
Richmond, California 94804
ACTIVE
CONDITION: FAIR
1Beds
1Baths
734Sq Ft
0Lot Size
Property Price
LIST PRICE$299,000
EST. MARKET VALUE
$299,000
SUMMARY
This Waterfront Condominium represents a Strong Value Opportunity, listed at a List Price of $319,000, which aligns with the $319,000 Fair Market Value. While the property maintains a Fair Condition Rating with original 1983 finishes, it offers immediate lifestyle appeal through its Marina Bay location, private balcony, and Level 2 EV charger. The unit provides a stable entry point into the Richmond market for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, transit-oriented home near the Richmond Ferry Terminal.
Estimated Market Value
$299,000
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1203 1203 Melville Sq 216 Subject 1 bd · 1 ba · 734 sqft · $407 | $299,000* List Price | 1 | 1 | 734 | $407 | - |
A 1205 Melville Sq 304 Sold 1 bd · 1 ba · 734 sqft · $436 · 0.0 mi | $320,000 | 1 | 1 | 734 | $436 | 0.0 mi |
B 191 Schooner Ct Sold 1 bd · 1 ba · 732 sqft · $464 · 0.1 mi | $340,000 | 1 | 1 | 732 | $464 | 0.1 mi |
C 79 Marina Lakes Dr Sold 1 bd · 1 ba · 771 sqft · $479 · 0.5 mi | $369,000 | 1 | 1 | 771 | $479 | 0.5 mi |
D 99 Marina Lakes Dr Sold 2 bd · 1 ba · 847 sqft · $437 · 0.5 mi | $370,000 | 2 | 1 | 847 | $437 | 0.5 mi |
E 96 Lakeshore Ct Pending 1 bd · 1 ba · 779 sqft · $449 · 0.5 mi | $349,950 List Price | 1 | 1 | 779 | $449 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1983, this 41-year-old condo is functional but dated. The kitchen features older white appliances and original-style cabinetry, while the bathroom shows aging tile work and fixtures. The unit appears well-maintained but lacks the recent renovations required for a higher rating, fitting the criteria for a property over 20 years old needing cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Waterfront Lifestyle
Situated in the desirable Marina Bay neighborhood, the property offers immediate access to the Bay Trail, Marina, and Richmond Ferry for a premium coastal living experience.
- Modern Amenities
The unit features highly sought-after conveniences including in-unit laundry and a secure parking space equipped with a Level 2 EV charger.
- Accessibility & Value
Priced competitively at $319,000, this condo represents an affordable entry point into the Bay Area market with the added security of HOA-provided earthquake insurance.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The monthly HOA fee of $766 is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Market Stagnation
With over 200 days on the market and multiple price reductions, the property faces challenges with perceived value or market momentum compared to faster-selling units.
About 1203 1203 Melville Sq 216
Waterfront living at $299K! Spacious 1 bedroom condo overlooking a tree filled courtyard in Richmond’s sought-after Marina Bay neighborhood. Just steps to the bay trail and the Marina. Level-in 2nd floor unit with elevator access. Spacious private balcony overlooks the courtyard. The condo has in-unit laundry and generous closet space. 1 carport space in secure parking area with Level 2 EV charger. The HOA provides earthquake insurance. Marina Bay offers a lifestyle that’s hard to beat, with the Bay Trail just outside for miles of waterfront walking and biking. The Richmond Ferry Terminal is about a mile away, providing a scenic option for commuting to San Francisco. A weekly farmer’s market sets up nearby, and local parks, restaurants, and everyday amenities are all conveniently located. This is a well-located, low-maintenance home in one of Richmond’s most enjoyable waterfront communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $766.0 / Month
Neighborhood Insights
Richmond Unified Schools
Washington Elementary School
Grades K-6 • 1.8 mi
3/10
Fred T. Korematsu Middle School
Grades 7-8 • 2.7 mi
4/10
Kennedy High School
Grades 9-12 • 1.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.7 |
| Baths | 1.0 | 1.5 |
| Square foot | 734 | 970.767 |
| Lot Size | - | 2,044.217 |
| Price | $299.0K | $423.0K |
| Price per sq ft | $407 | $456 |
| Built year | 1983 | 1989 |
| HOA | $766.0 | $624 |
| Days on market | 227 | 79 |
Pricing History
Listed for Sale
Oct 10, 2026
$299,000
$319,000
-6% Price Drop
Initial Listing
Price Change
Aug 27, 2026
$319,000
$324,000
-2% Price Drop
Initial Listing
Price Change
Aug 9, 2026
$324,000
$329,000
-2% Price Drop
Initial Listing
Price Change
May 2, 2026
$329,000
$359,000
-8% Price Drop
Initial Listing
Price Change
Mar 11, 2026
$359,000
Initial Listing
Sold
Feb 1, 2011
$100,000
Public Record
Sold
Oct 8, 2002
$182,000
Public Record