1286 1286 Clarke Ln, Alameda, California 94502, Alameda, 94502 - 2 bed, 2 bath
1286 1286 Clarke Ln
Alameda, California 94502
Property Price
SUMMARY
Analysis of 1286 1286 Clarke Ln, Alameda, California 94502 reveals a Prime Investment Opportunity with a current list price of $799,000—significantly undercutting the $857,543 Fair Market Value by 6%. This valuation gap indicates a +$58,543 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Alameda 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 |
|---|---|---|---|---|---|---|
★ 1286 1286 Clarke Ln Subject | $799,000* List Price | 2 | 2 | 1,028 | $834 | - |
A 3530 Depassier Way Sold | $890,000 | 2 | 2 | 1,028 | $866 | 0.1 mi |
B 1031 Camellia Dr Sold | $980,000 | 4 | 2 | 1,196 | $819 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1986, this property is in largely original condition and requires cosmetic modernization. While the home is well-maintained and features desirable vaulted ceilings, the kitchen and bathrooms are dated with 1980s-style oak cabinetry, tile countertops, and older white appliances. The flooring and fixtures are functional but show signs of age, fitting the criteria for a property that has not undergone a major renovation in over 30 years.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
- Architectural Volume and Light
The home features vaulted ceilings and a corner-unit orientation that maximizes natural light, creating an airy and spacious feel that enhances the overall living experience.
- Prime Bay Farm Location
Situated in the desirable Heritage community on Bay Farm Island, the property offers a quiet, private setting with access to top-rated elementary and middle schools.
CONSRISKS & DEFICIENCIES
- Required Cosmetic Updates
The interior is in need of comprehensive cosmetic modernizing, which will require the buyer to invest additional capital and effort post-purchase.
- Compact Living Footprint
With approximately 1,028 square feet of living space, the property may feel restrictive for growing families or those requiring dedicated home office spaces.
About 1286 1286 Clarke Ln
Welcome to this charming 2-bedroom, 2-bath corner-unit home in the desirable Heritage of Alameda community, located on sought-after Bay Farm Island in Alameda. Attractively priced with vaulted ceilings and an abundance of natural light, the home offers an airy, open feel rarely found at this price point. The private front entry features drought-resistant landscaping for low-maintenance curb appeal, while the spacious two-car garage provides ample storage and convenience. Tucked within a quiet, private community, this residence offers a wonderful opportunity for a new owner to bring fresh vision and modern updates to a well-designed floor plan. Though ready for cosmetic updating, the home’s layout, corner location, and architectural volume create the perfect canvas for a thoughtful remodel. An exceptional opportunity to create your own Bay Farm retreat.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 4,094 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $215.0 / Month
Neighborhood Insights
Alameda Unified Schools
Amelia Earhart Elementary School
Grades K-5 • 1.1 mi
Futures Elementary School
Grades K-5 • 3.4 mi
Community United Elementary School
Grades K-5 • 3.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,028 | 1,987.5 | 15% |
| Lot Size | 4,094 | 4,345 | 45% |
| Price | $799.0K | $1.49M | 5% |
| Price per sq ft | $777 | $766 | 50% |
| Built year | 1986 | 1986 | 50% |
| HOA | $215.0 | $260 | 35% |
| Days on market | 9 | 166 | 5% |
Pricing History
Listed for Sale
Feb 26, 2026
$799,000
Initial Listing