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1416 50th Avenue, Oakland, California 94601, Oakland, 94601 - 3 bed, 1 bath

1416 50th Avenue, Oakland, California 94601 home-pic-0
ACTIVE$699,999
1416 50th Avenue, Oakland, California 94601
3Beds
1Bath
1,052Sqft
2,898Lot

Price Vs. Estimate

The estimated value ($625,653.575) is $74,345.425 (10%) lower than the list price ($699,999). This property may be overpriced.

Key pros and cons

Top Pros:
ADU/Income Potential: Significant opportunity to convert the basement/1st-floor or the backyard shed into an ADU or in-law unit, providing potential for supplemental rental income.
Top Cons:
Significant Price Reductions & Overpricing Concern: The property has undergone multiple price reductions from its original list price of $769,950 to $699,999, and the current list price is 14% higher than the estimated market value, suggesting potential overpricing.

Compared to the nearby listings

Price:$700.0K vs avg $567.5K (+$132,499)72%
Size:1,052 sqft vs avg 1,126.5 sqft43%
Price/sqft:$665 vs avg $47890%

More Insights

Built in 1915 (110 years old).
Condition: Despite being built in 1915, the property has undergone a complete and recent renovation, as stated in the description ('fully updated throughout,' 'complete new electrical wiring, new plumbing, new bathroom upgrades, new kitchen upgrades with stainless steel appliances'). The images confirm this, showcasing modern kitchens with two-tone cabinetry, stainless steel appliances, and solid surface countertops, along with updated bathrooms featuring contemporary vanities, tiling, and fixtures. The flooring throughout is consistent and new (light-colored laminate/LVP), and lighting includes recessed fixtures and modern ceiling lights. The overall aesthetic is fresh, clean, and meets current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Year Built
1915
Close
-
List price
$700K
Original List price
$770K
Price/Sqft
$665
HOA
-
Days on market
-
Sold On
-
MLS number
41094021
Home ConditionExcellent
Features
View-

About this home

Don’t miss out on this wonderful opportunity! Three bedrooms, one bathroom home with opportunity to convert another 3bd/1ba in the basement/1st-floor or to an ADU/in-law unit, includes an office space that is perfect for working from home. The property is fully updated throughout, the features include complete new electrical wiring, new plumbing, new bathroom upgrades, new kitchen upgrades with stainless steel appliances and a laundry room. IT'S A MUST SEE, seeing is believing. Close to Hwy 880, Hwy 580, and BART stations. There is a shed in the spacious backyard that is good for a possible conversion to an ADU. The current owner's renovations were completed with permits. A rare opportunity for a first time home buyer who can take advantage of supplemental income from possible additional units. Virtual Tour Link: https://kuula.co/share/collection/7btYm?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&autorotate=-1.5&autop=10&autopalt=1&thumbs=1

Condition Rating
Excellent
Despite being built in 1915, the property has undergone a complete and recent renovation, as stated in the description ('fully updated throughout,' 'complete new electrical wiring, new plumbing, new bathroom upgrades, new kitchen upgrades with stainless steel appliances'). The images confirm this, showcasing modern kitchens with two-tone cabinetry, stainless steel appliances, and solid surface countertops, along with updated bathrooms featuring contemporary vanities, tiling, and fixtures. The flooring throughout is consistent and new (light-colored laminate/LVP), and lighting includes recessed fixtures and modern ceiling lights. The overall aesthetic is fresh, clean, and meets current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

ADU/Income Potential: Significant opportunity to convert the basement/1st-floor or the backyard shed into an ADU or in-law unit, providing potential for supplemental rental income.
Extensive Recent Renovations: The property has been fully updated with new electrical wiring, plumbing, bathroom upgrades, and a modern kitchen with stainless steel appliances, offering a move-in ready experience.
Permitted Renovations: All recent renovations were completed with permits, ensuring the quality and legality of the upgrades and providing peace of mind to a buyer.
Excellent Commuter Location: Conveniently located close to major freeways (Hwy 880, Hwy 580) and BART stations, offering easy access for commuters.
Dedicated Office Space: Includes a dedicated office space, which is highly desirable for individuals working from home.

Cons

Significant Price Reductions & Overpricing Concern: The property has undergone multiple price reductions from its original list price of $769,950 to $699,999, and the current list price is 14% higher than the estimated market value, suggesting potential overpricing.
Older Property Age: Built in 1915, despite extensive updates, the property's age may still present long-term maintenance considerations typical of older structures.
Smaller Lot Size: With a lot size of 2898 sqft, the outdoor space is relatively compact, which might limit extensive landscaping or additional recreational areas.

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