
Piedmont, California 94611
This High-Potential Investment Opportunity is listed at a List Price of $2,495,000—positioned well below the $3,371,040 Fair Market Value by 25%. This significant valuation gap offers $876,040 in Instant Equity. Featuring a Condition Rating of 2, this 1922 Brown Shingle residence blends historic integrity with modern upgrades, including a legal ADU and artist's studio. With Panoramic Views and a prime location in the Piedmont School District, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-value asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 150 Scenic Ave Subject | $2,495,000* List Price | 5 | 5 | 3,691 | $913 | - |
A 316 Pacific Ave Sold | $2,800,000 | 4 | 4 | 3,497 | $801 | 0.3 mi |
B 633 Moraga Ave Sold | $2,400,000 | 4 | 4 | 2,788 | $861 | 0.2 mi |
C 423 Pacific Ave Active | $1,995,000 List Price | 4 | 3 | 2,319 | $860 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1922 build date, the property shows evidence of a comprehensive, high-end renovation within the last 5 years. The kitchen and bathrooms are thoughtfully updated with modern fixtures, the interior finishes are in mint condition, and the addition of solar panels and a modern legal ADU indicates significant system upgrades.
The property offers rare and expansive vistas of the San Francisco skyline, Golden Gate Bridge, Bay Bridge, and Lake Merritt, providing a premium visual experience that significantly enhances property value.
With a legal lower-level ADU and a separate artist's studio, the residence provides exceptional flexibility for multi-generational living, guest accommodations, or potential rental income.
This 1922 Brown Shingle home beautifully preserves its original character and rich hardwood floors while seamlessly integrating modern updates in the kitchen and bathrooms.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3691, other record living area = 1942. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1922, the property may necessitate specialized upkeep and potential infrastructure monitoring common to historic homes of this era.
While positioned for views, the lot's orientation on Scenic Ave likely involves sloped terrain, which may limit the availability of flat, usable yard space for traditional outdoor recreation.
Extraordinary panoramic views, breathtaking sunsets, timeless Brown Shingle architecture, and beautifully preserved original character define this exceptional circa 1922 residence. Rich hardwood floors, abundant natural light, and thoughtfully updated kitchen and baths blend historic charm with modern comfort. Set on a nearly 8,000-square-foot lot, the home is perfectly positioned to capture sweeping vistas of Lake Merritt, downtown Oakland, the San Francisco skyline, and the Bay and Golden Gate Bridges. Designed for both everyday living and effortless entertaining, the flexible floor plan also includes a legal ADU on the lower level and a separate artist's studio, ideal for guests, extended family, home office, or creative pursuits. Offering a rare combination of architectural integrity, versatile living spaces, and some of the East Bay's most captivating scenery, this is a truly one-of-a-kind opportunity. Close to Piedmont public schools, parks, and Mulberry's Market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.8 |
| Baths | 5.0 | 3.5 |
| Square foot | 3,691 | 2,741.48 |
| Lot Size | 7,893 | 6,305.52 |
| Price | $2.50M | $3.20M |
| Price per sq ft | $676 | $1.1K |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 27 |
Aug 13, 2026
$2,495,000
Initial Listing
Jul 20, 2020
$2,195,000
Public Record
Nov 29, 1994
$275,000
Public Record