1504 Albany Ter, Albany, California 94706, Albany, 94706 - 2 bed, 1 bath
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1504 Albany Ter
Albany, California 94706
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,383Sq Ft
2,945Lot Size
Property Price
LIST PRICE$925,000
EST. MARKET VALUE
$1,176,257
21% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $925,000—positioned well below the $1,176,258 Fair Market Value by 21%. This valuation gap offers $251,258 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a modernized kitchen, hardwood floors, and a sunny deck. Located near top-rated Albany schools and walkable shops, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a high-value, move-in ready sanctuary.
Estimated Market Value
$1,176,257+$251,257 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Albany.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1504 Albany Ter Subject 2 bd · 1 ba · 1,383 sqft · $851 | $925,000* List Price | 2 | 1 | 1,383 | $851 | - |
A 846 Adams St Sold 3 bd · 3 ba · 1,409 sqft · $837 · 0.8 mi | $1,180,000 | 3 | 3 | 1,409 | $837 | 0.8 mi |
B 1231 Marin Ave Active 3 bd · 2 ba · 1,496 sqft · $702 · 0.4 mi | $1,050,000 List Price | 3 | 2 | 1,496 | $702 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1924, the property has undergone significant modernization. The kitchen and bathrooms are fully updated with contemporary finishes and stainless steel appliances. The listing explicitly states that systems have been updated with care, and the interior features mint-condition hardwood floors and craftsman detailing, suggesting a high-quality renovation within the last 5 years that requires no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
- Prime Location and Walkability
Situated on a quiet one-block street in Upper Albany, the property offers exceptional walkability to Solano Avenue, Gilman Street shops, Jewel's Terrace Park, and highly-rated schools like Marin Elementary.
- Versatile Bonus Spaces
The home maximizes its footprint with a converted garage flex space and a detached office, providing essential additional areas for remote work, hobbies, or guest accommodations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1383, other record living area = 1124.
- Limited Bathroom Count
With only one bathroom serving a 1,383 square foot home, the layout may be a significant drawback for families or those who frequently host guests.
- Compact Lot Size
The 2,945 square foot lot is relatively small, which limits outdoor recreational space and may restrict future opportunities for property expansion.
About 1504 Albany Ter
Nestled in Albany's sweetest neighborhood sits this darling yet generous home. In the same family for over 60 years, 1504 Albany Terrace has seen a lot of love and good times. Systems have been updated with care and thought. Split level bedrooms offer privacy while a beautifully converted attached garage adds to the flex space. The spacious kitchen flows directly onto a sunny deck and out back is a gorgeous detached office space and detached storage shed. Lovely hardwood floors, craftsman detailing and classic built-in meets updated kitchen and bathroom for the best of the old and new. Directly around the corner from Albany's favorite pocket park, Jewel's Terrace Park, with playground, field and tennis courts. And just around another corner find the beloved Marin Elementary School. This one block street is quiet yet is super walkable to both Solano Ave and Gilman St shops.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 2,945 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Albany Unified Schools
Jefferson Elementary School
Grades K-5 • 0.5 mi
7/10
Thousand Oaks Elementary School
Grades K-5 • 0.6 mi
5/10
Martin Luther King Middle School
Grades 6-8 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 1.0 | 1.9 |
| Square foot | 1,383 | 1,432.375 |
| Lot Size | 2,945 | 4,018.5 |
| Price | $925.0K | $1.44M |
| Price per sq ft | $669 | $950 |
| Built year | 1924 | 1933 |
| HOA | $0 | $0 |
| Days on market | 3 | 39 |
Pricing History
Listed for Sale
Oct 21, 2026
$925,000
Initial Listing