1537 Carleton St, Berkeley, California 94703, Berkeley, 94703 - 2 bed, 2 bath
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1537 Carleton St
Berkeley, California 94703
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,065Sq Ft
4,389Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$1,228,163
18% BelowMARKET VALUE
SUMMARY
This Turn-Key Berkeley Dream Home is a High-Potential Investment Opportunity, listed at $995,000—positioned well below the $1,228,163 Fair Market Value by 18%. This valuation gap offers $233,163 in Instant Equity. Featuring a 2023 full remodel, a Home Energy Score of 10, and a detached work-from-home cottage, the property maintains an Excellent Condition Rating. Located near top-rated schools and BART, this is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate, high-efficiency luxury.
Estimated Market Value
$1,228,163+$233,163 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Berkeley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1537 Carleton St Subject 2 bd · 2 ba · 1,065 sqft · $1,153 | $995,000* List Price | 2 | 2 | 1,065 | $1,153 | - |
A 1644 Ashby Ave Sold 2 bd · 1 ba · 1,200 sqft · $1,021 · 0.5 mi | $1,225,000 | 2 | 1 | 1,200 | $1,021 | 0.5 mi |
B 2913 King St Sold 2 bd · 1 ba · 1,165 sqft · $944 · 0.4 mi | $1,100,000 | 2 | 1 | 1,165 | $944 | 0.4 mi |
C 2520 Mcgee Ave Sold 2 bd · 1 ba · 1,157 sqft · $1,007 · 0.2 mi | $1,165,000 | 2 | 1 | 1,157 | $1,007 | 0.2 mi |
D 1744 Addison Sold 2 bd · 1 ba · 865 sqft · $983 · 0.7 mi | $850,000 | 2 | 1 | 865 | $983 | 0.7 mi |
E 1538 Ashby Ave Sold 3 bd · 2 ba · 1,228 sqft · $778 · 0.5 mi | $955,000 | 3 | 2 | 1,228 | $778 | 0.5 mi |
F 1812 Woolsey St Sold 3 bd · 3 ba · 1,204 sqft · $914 · 0.7 mi | $1,100,000 | 3 | 3 | 1,204 | $914 | 0.7 mi |
G 1931 Stuart St Sold 3 bd · 2 ba · 1,354 sqft · $886 · 0.5 mi | $1,200,000 | 3 | 2 | 1,354 | $886 | 0.5 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.
Extensively remodeled in 2023 with nearly all systems replaced, meeting the criteria for a renovation under 5 years old. The property features a modern kitchen, spa-like bathrooms, and turn-key finishes in mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2023 Remodel
The property is truly turn-key with nearly all systems replaced in 2023 and an exceptional Home Energy Score of 10, offering immediate move-in readiness and long-term utility efficiency.
- Detached Flex Space
A dedicated backyard cottage equipped with ethernet provides a perfect work-from-home solution or bonus room, adding significant functional value and separation of space.
- Prime Transit-Oriented Location
Situated in the heart of the Berkeley Bowl neighborhood, the home offers excellent walkability and commute options, located less than a mile from BART with rapid freeway access.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1065, other record living area = 904.
- Compact Interior Square Footage
At 1,065 square feet, the interior living space is relatively modest, which may feel restrictive for buyers requiring larger communal areas or significant indoor storage.
- Limited Bedroom Count
With only two bedrooms, the property may not accommodate growing families or those needing multiple guest rooms, potentially limiting the buyer pool compared to larger neighborhood residences.
About 1537 Carleton St
Extensively remodeled with nearly all systems replaced in 2023, this turn-key cutie is the move-in ready Berkeley dream home you've been waiting for. Open concept living and dining rooms charm immediately, with stylish exposed wood elements and abundant south-facing natural light. The modern kitchen is built to both seriously cook, as well as to entertain. A large, spa-like bathroom with dual sinks and walk-in shower sits down the hall. Continue on to the bedrooms, both of which offer direct flow to the backyard – dreamy! The primary bedroom also boasts a lovely en-suite bathroom. In the backyard is the cottage/office/bonus space, already work-from-home ready with ethernet. The lot is huge, with a deck and lawn, plus tons of potential for future garden projects. Centrally located in the heart of the Berkeley Bowl neighborhood, this home offers easy access to transportation (under a mile to BART! Quick zip to the freeway!) as well as green space (nearly equidistant between San Pablo Park and Strawberry Creek). | Home energy score of 10
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 4,389 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
Washington Elementary School
Grades K-5 • 0.6 mi
7/10
Malcolm X Elementary School
Grades K-5 • 0.6 mi
6/10
Leconte Elementary School
Grades K-5 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,065 | 1,939.842 |
| Lot Size | 4,389 | 5,015.791 |
| Price | $995.0K | $1.78M |
| Price per sq ft | $934 | $1.0K |
| Built year | 1946 | 1925 |
| HOA | $0 | $443 |
| Days on market | 3 | 32 |
Pricing History
Listed for Sale
Oct 21, 2026
$995,000
Initial Listing
Sold
Sep 11, 2023
$1,350,000
Public Record
Sold
Mar 14, 2023
$735,000
Public Record