1516 Elm Avenue, Richmond, California 94805, Richmond, 94805 - 4 bed, 3 bath
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1516 Elm Avenue
Richmond, California 94805
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,098Sq Ft
4,007Lot Size
Property Price
LIST PRICE$998,000
EST. MARKET VALUE
$1,051,894
5% BelowMARKET VALUE
SUMMARY
This Modern Turnkey Residence represents a Strong Value Opportunity, listed at $998,000—positioned well below the $1,051,895 Fair Market Value by 5%. This valuation gap provides $53,895 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this 2021-built home offers premium Italian cabinetry, European appliances, and panoramic Bay views. Ideally suited for Owner-Occupants or discerning professionals, this property perfectly balances contemporary luxury with long-term financial stability in a prime Richmond location.
Estimated Market Value
$1,051,894+$53,894 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 Elm Avenue Subject 4 bd · 3 ba · 2,098 sqft · $501 | $998,000* List Price | 4 | 3 | 2,098 | $501 | - |
A 6265 Highland Ave Sold 3 bd · 2 ba · 2,032 sqft · $472 · 0.1 mi | $960,000 | 3 | 2 | 2,032 | $472 | 0.1 mi |
B 5501 Mcbryde Ave Sold 5 bd · 4 ba · 2,113 sqft · $372 · 0.8 mi | $785,000 | 5 | 4 | 2,113 | $372 | 0.8 mi |
C 733 40th St Sold 3 bd · 2 ba · 1,725 sqft · $464 · 1.0 mi | $800,000 | 3 | 2 | 1,725 | $464 | 1.0 mi |
D 5125 Solano Ave Sold 4 bd · 3 ba · 1,556 sqft · $562 · 0.8 mi | $875,000 | 4 | 3 | 1,556 | $562 | 0.8 mi |
E 476 Key Blvd Pending 4 bd · 2 ba · 2,149 sqft · $418 · 0.8 mi | $899,000 List Price | 4 | 2 | 2,149 | $418 | 0.8 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.
Built from the ground up in 2021, this property is in mint condition. It features high-end modern finishes including premium Italian cabinetry, European appliances, and contemporary bathrooms with marble-style tiling and glass enclosures, requiring zero maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & High-End Finishes
Built in 2021, this contemporary residence features premium Italian cabinetry, European appliances, and architectural details like soaring ceilings and glass railings that offer a turnkey luxury experience.
- Exceptional Panoramic Views
The property boasts captivating views of the San Francisco Bay, bridges, and city lights, highlighted by a primary suite with a private balcony designed to maximize the scenic outlook.
- Versatile Floor Plan
The thoughtful layout includes a ground-floor bedroom and full bathroom, providing essential flexibility for multi-generational living, guests, or a professional home office.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of approximately 4,007 square feet, the yard space is relatively compact for a four-bedroom family home, which may limit outdoor recreational activities.
- Mixed School Ratings
While the local elementary school is well-rated, the assigned middle and high schools currently hold lower ratings, which could be a consideration for families prioritizing academic performance.
About 1516 Elm Avenue
Built from the ground up in 2021, 1516 Elm is a modern two-story residence showcasing refined finishes and captivating San Francisco Bay views. This thoughtfully designed home offers 4 bedrooms and 3 full bathrooms, blending contemporary sophistication with everyday functionality. The kitchen features imported premium Italian cabinetry, a matching island, and premium European appliances, creating a sleek culinary centerpiece. A ground-floor bedroom and full bath offer excellent flexibility for guests or a home office. Upstairs, every bedroom enjoys scenic outlooks, highlighted by a primary suite with a private balcony overlooking the Bay. Soaring ceilings, a glass stair railing, and abundant natural light enhance the airy ambiance. Ideally located in Richmond along the El Cerrito Hills border, this distinctive home offers convenient access to Wildcat Canyon hiking trails, perfectly combining modern luxury with natural East Bay beauty.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2021
- Lot Size
- 4,007 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Madera Elementary School
Grades K-6 • 1.2 mi
7/10
Mira Vista Elementary School
Grades K-8 • 0.2 mi
4/10
Fred T. Korematsu Middle School
Grades 7-8 • 2.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 1.7 |
| Square foot | 2,098 | 1,182.264 |
| Lot Size | 4,007 | 5,000 |
| Price | $998.0K | $667.7K |
| Price per sq ft | $476 | $537 |
| Built year | 2021 | 1947 |
| HOA | $0 | $152 |
| Days on market | 3 | 39 |
Pricing History
Listed for Sale
Oct 21, 2026
$998,000
Initial Listing
Sold
Jan 14, 2021
$85,000
Public Record
Sold
Jul 6, 2017
$164,000
Public Record