1530 Maine Ave, Richmond, California 94804, Richmond, 94804 - 2 bed, 1 bath
ACTIVE$335,950$827/sqft
Est. Value: $343,837
2%
FairlyEstimate
1530 Maine Ave, Richmond, California 94804
2Beds
1Bath
827Sqft
5,150Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $335,950.
Key pros and cons
Top Pros:
Value-Add Opportunity: The property offers significant potential for an investor or owner-occupant to add substantial value through renovation and modernization, transforming it into a desirable home.
Top Cons:
Extensive Renovation Required: The property is explicitly marketed as an 'opportunity' requiring vision and renovation, indicating a significant investment of time and capital for necessary updates and repairs.
Compared to the nearby listings
Price:$335.9K vs avg $560.0K ($-224,050)3%
Size:827 sqft vs avg 1,088 sqft13%
Price/sqft:$406 vs avg $52416%
More Insights
Built in 1942 (84 years old).
Condition: Built in 1942, this property is 82 years old and explicitly marketed as an 'opportunity' requiring 'extensive renovation' to 'add value' and 'transform' it. While no interior images are provided, the exterior's dated and unkempt appearance, combined with the listing's language, strongly indicates that the interior, including the kitchen and bathroom, would require substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. It's not a tear-down as the structure is implied to be salvageable for renovation.
Year Built
1942
Close
-
List price
$336K
Original List price
$336K
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
41119723
Home ConditionPoor
Features
Good View:
View-
About this home
Opportunity awaits! Situated on a spacious 5,150 sq. ft. lot, this 2-bedroom, 1-bath home offers excellent potential for an investor or owner-occupant ready to add value through renovation. The lot size may offer ADU possibilities (buyer to verify). Bring your vision and transform this property into your dream home.
C
Carolynn Thelemaque
Listing Agent
Nearby schools
2/10
Coronado Elementary School
Public,•K-6•0.3mi
3/10
Nystrom Elementary School
Public,•K-6•0.3mi
1/10
Lovonya Dejean Middle School
Public,•7-8•1.0mi
2/10
Kennedy High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
06/30/88
Sold
$50,000
Condition Rating
Poor
Built in 1942, this property is 82 years old and explicitly marketed as an 'opportunity' requiring 'extensive renovation' to 'add value' and 'transform' it. While no interior images are provided, the exterior's dated and unkempt appearance, combined with the listing's language, strongly indicates that the interior, including the kitchen and bathroom, would require substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. It's not a tear-down as the structure is implied to be salvageable for renovation.
Pros & Cons
Pros
Value-Add Opportunity: The property offers significant potential for an investor or owner-occupant to add substantial value through renovation and modernization, transforming it into a desirable home.
ADU Development Potential: The spacious 5,150 sq. ft. lot presents a strong opportunity for Accessory Dwelling Unit (ADU) development, which can enhance income potential or provide additional living space (buyer to verify).
Generous Lot Size: A 5,150 sq. ft. lot provides ample outdoor space for landscaping, potential expansion, or recreational use, a valuable asset for a single-family residence.
Accessible Price Point: Listed at $335,950, this property offers a relatively affordable entry into the Richmond market, appealing to a broad range of first-time buyers or investors.
Convenient School Proximity: Two elementary schools (Nystrom and Coronado) are located within a short walking distance, offering convenience for families with young children.
Cons
Extensive Renovation Required: The property is explicitly marketed as an 'opportunity' requiring vision and renovation, indicating a significant investment of time and capital for necessary updates and repairs.
Compact Living Space: With only 827 sq. ft. of living area, the home offers limited interior space, which may not suit buyers seeking larger accommodations or growing families.
Subpar School Ratings: The local public schools, including elementary, middle, and high schools, have consistently low ratings (1-3), which could be a concern for families prioritizing educational quality.