1515 54th Ave, Oakland, California 94601, Oakland, 94601 - 3 bed, 2 bath
ACTIVE$350,000
1515 54th Ave, Oakland, California 94601
3Beds
2Baths
1,120Sqft
4,000Lot
Price Vs. Estimate
The estimated value ($350,000) is $0 (0%) lower than the list price ($350,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Investment Opportunity: Listed as a short sale and priced well below the estimated market value ($350,000 vs. $448,341.73), offering substantial potential for equity gain for the right buyer.
Top Cons:
Substantial Additional Investment Required: The property explicitly requires an estimated $100,000 to finish the project, making it a significant financial undertaking beyond the purchase price.
Compared to the nearby listings
Price:$350.0K vs avg $552.5K ($-202,500)7%
Size:1,120 sqft vs avg 1,126.5 sqft50%
Price/sqft:$312 vs avg $46212%
More Insights
Built in 1925 (100 years old).
Condition: The property, built in 1925, is explicitly stated to be a 'fixed upper property' requiring $100,000 and 8 months to obtain permits and finish the project. The provided images show an active renovation site with protective floor coverings, plastic on windows, and construction materials, confirming it is not move-in ready. While 'beautifully remodeled bathrooms' are mentioned, no images are provided to verify this, and the overall context indicates the property is far from complete and requires substantial repairs and rehabilitation to be habitable. The kitchen is not shown or described, further suggesting it's part of the unfinished project.
Year Built
1925
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
$313
HOA
-
Days on market
-
Sold On
-
MLS number
41113038
Home ConditionPoor
Features
View-
About this home
Short Sale – Don’t Miss This Opportunity! It will take 8 months to get permits, need $100,000 to finish the project, fixed upper property. Discover this modern-style home showcasing a spacious master suite and two full bathrooms. Recent upgrades include fresh interior paint, beautifully remodeled bathrooms, and more, with renovations nearly complete—just waiting for your personal finishing touches. Enjoy a generous backyard, perfect for outdoor living, along with a convenient carport. This property is priced to sell quickly and won’t stay on the market for long. Bring your contractor and imagination to unlock its full potential
Condition Rating
Poor
The property, built in 1925, is explicitly stated to be a 'fixed upper property' requiring $100,000 and 8 months to obtain permits and finish the project. The provided images show an active renovation site with protective floor coverings, plastic on windows, and construction materials, confirming it is not move-in ready. While 'beautifully remodeled bathrooms' are mentioned, no images are provided to verify this, and the overall context indicates the property is far from complete and requires substantial repairs and rehabilitation to be habitable. The kitchen is not shown or described, further suggesting it's part of the unfinished project.
Pros & Cons
Pros
Significant Investment Opportunity: Listed as a short sale and priced well below the estimated market value ($350,000 vs. $448,341.73), offering substantial potential for equity gain for the right buyer.
Recent Interior Upgrades: The property features recent upgrades including fresh interior paint and beautifully remodeled bathrooms, reducing immediate renovation costs in key areas.
Spacious Master Suite: The inclusion of a spacious master suite enhances comfort and appeal, a desirable feature for potential homeowners.
Generous Backyard: A generous backyard provides excellent outdoor living space, adding value for families or those who enjoy entertaining and outdoor activities.
Convenient Carport: The property includes a convenient carport, offering practical, covered parking for residents.
Cons
Substantial Additional Investment Required: The property explicitly requires an estimated $100,000 to finish the project, making it a significant financial undertaking beyond the purchase price.
Extended Permit Acquisition Time: A stated 8-month waiting period for permits will significantly delay the completion of renovations and the property's move-in readiness.
Unfinished Condition/Fixed Upper: Described as a 'fixed upper property' with renovations 'nearly complete—just waiting for your personal finishing touches,' indicating it is not move-in ready and requires immediate contractor involvement.