1246 Otis Dr, Alameda, California 94501, Alameda, 94501 - 4 bed, 2 bath
ACTIVE$999,999$1,451/sqft
Est. Value: $975,511
-2%
FairlyEstimate
1246 Otis Dr, Alameda, California 94501
4Beds
2Baths
1,451Sqft
6,000Lot
Price Vs. Estimate
The estimated value ($975,511.17) is $24,487.83 (2%) lower than the list price ($999,999). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Top Cons:
Extensive Renovation Required: The property remains largely in its original condition, requiring significant updating and tender loving care (TLC) to meet modern standards.
Compared to the nearby listings
Price:$1000.0K vs avg $1.28M ($-285,001)26%
Size:1,451 sqft vs avg 1,822 sqft36%
Price/sqft:$689 vs avg $72643%
More Insights
Built in 1963 (63 years old).
Condition: Built in 1963 and described as 'largely in its original condition,' this property requires substantial renovation. The kitchen features severely dated original wood cabinets, worn laminate countertops, an old white electric range, and linoleum flooring. Bathrooms are equally outdated with old vanities, fixtures, and linoleum. While the vaulted wood ceilings offer character, the overall interior, including worn carpets and basic light fixtures, necessitates a significant overhaul to meet modern standards. The listing itself notes 'extensive renovation required' and 'dated systems & finishes,' indicating a considerable upfront investment for modernization.
Year Built
1963
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$689
HOA
-
Days on market
-
Sold On
-
MLS number
41119444
Home ConditionPoor
Features
Patio
View-
About this home
“First time on the market" a true Highly South Shore original. This single-level boasts vaulted wood ceilings. 4BD/2BA mid-century home sits on a desirable corner lot just moments from Crown Beach, shoreline trails, bicycle paths, neighborhood parks and South Shore Center. Located near several Alameda's top-rated public schools.The property has been lovingly lived in by family members for many years and remains largely in its original condition, offering a rare opportunity for buyers to bring their vision and create instant value. Professional photos and drone imagery highlight the home’s natural light, layout, and potential, but buyers should anticipate updating and TLC. With thoughtful improvements, this South Shore location supports strong long-term upside. All inspection reports are avalaible.
E
Eddie Santos
Listing Agent
Nearby schools
9/10
Donald D. Lum Elementary School
Public,•4-5•0.1mi
8/10
Franklin Elementary School
Public,•K-5•0.4mi
5/10
William G. Paden Elementary School
Public,•K-5•1.3mi
5/10
Will C. Wood Middle School
Public,•6-8•0.1mi
9/10
Alameda High School
Public,•9-12•0.8mi
7/10
Encinal Junior/Senior High
Public,•6-12•1.6mi
Condition Rating
Poor
Built in 1963 and described as 'largely in its original condition,' this property requires substantial renovation. The kitchen features severely dated original wood cabinets, worn laminate countertops, an old white electric range, and linoleum flooring. Bathrooms are equally outdated with old vanities, fixtures, and linoleum. While the vaulted wood ceilings offer character, the overall interior, including worn carpets and basic light fixtures, necessitates a significant overhaul to meet modern standards. The listing itself notes 'extensive renovation required' and 'dated systems & finishes,' indicating a considerable upfront investment for modernization.
Pros & Cons
Pros
Great Schools: Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Premier South Shore Location: The property boasts a highly desirable South Shore location, moments from Crown Beach, shoreline trails, bicycle paths, neighborhood parks, and the South Shore Center, offering an exceptional lifestyle.
Excellent School Proximity: Located near several of Alameda's top-rated public schools, including Will C. Wood Middle School (0.07 miles) and Donald D. Lum Elementary School (0.13 miles), making it ideal for families.
Architectural Character & Desirable Lot: This single-level mid-century home features vaulted wood ceilings and sits on a desirable corner lot, providing unique aesthetic appeal and practical benefits.
Significant Value-Add Potential: Being largely in its original condition, the property offers a rare opportunity for buyers to bring their vision, customize, and create instant equity and strong long-term upside.
Rare Market Offering: As a 'first time on the market' listing, it presents an exclusive opportunity for buyers seeking an original South Shore home with untapped potential.
Cons
Extensive Renovation Required: The property remains largely in its original condition, requiring significant updating and tender loving care (TLC) to meet modern standards.
Dated Systems & Finishes: Built in 1963, the home likely features original systems and finishes that will necessitate modernization, incurring additional costs for the buyer.
Upfront Investment for Modernization: Buyers should anticipate a considerable financial commitment beyond the purchase price to renovate and upgrade the property to realize its full market potential.