1550 Bancroft Ave 112, San Leandro, California 94577, San Leandro, 94577 - 2 bed, 2 bath
ACTIVE$509,900
1550 Bancroft Ave 112, San Leandro, California 94577
2Beds
2Baths
1,430Sqft
44,007Lot
Year Built
1976
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
$357
HOA
$698
Days on market
-
Sold On
-
MLS number
41114404
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $509.9K(50th), sqft - 1430(80th), beds - 2(50th), baths - 2(50th).
This 2-bedroom, 2-bath condo offering 1430 sq ft living space, built in 1976. Features include dining area, in unit laundry room, fireplace, patio and assigned parking. Property needs interior wall repair, bedroom carpet replacement and paint. Sold as -is. “This property is eligible under the Freddie Mac First Look Initiative through 11/09/2025."
Nearby schools
4/10
McKinley Elementary School
Public,•K-5•0.4mi
4/10
Bancroft Middle School
Public,•6-8•0.3mi
5/10
San Leandro High School
Public,•9-12•0.6mi
Price History
Date
Event
Price
10/10/25
Listing
$509,900
Condition Rating
Fair
The property, built in 1976, shows a mix of updates and deferred maintenance. The kitchen appears to have been updated with modern gray cabinets, quartz-like countertops, mosaic backsplash, and recessed lighting, suggesting a renovation within the last 10-15 years. New wood-look laminate flooring is present throughout most visible areas. However, the bathrooms are dated with older vanities and fixtures. Crucially, the listing explicitly states the property 'needs interior wall repair, bedroom carpet replacement and paint' and is 'Sold as-is.' These immediate repair requirements, combined with the dated bathrooms, prevent it from being considered 'Good' (which implies move-in ready with no immediate renovation). While some areas are updated, the overall condition requires minor but necessary repairs and updates to be fully move-in ready, aligning with the 'Fair' category.
Pros & Cons
Pros
Spacious Living Area: With 1430 sq ft for a 2-bedroom, 2-bath layout, this condo offers a generous amount of living space, which is a significant advantage for comfort and functionality.
In-Unit Laundry: The convenience of an in-unit laundry room is a highly desirable feature, eliminating the need for shared facilities or off-site trips.
Private Outdoor Space: The inclusion of a private patio provides valuable outdoor living space, perfect for relaxation or entertaining.
Assigned Parking: Having assigned parking is a practical benefit, ensuring convenience and security for vehicle owners in a condominium setting.
Good School Proximity & Ratings: The property is located near well-rated schools (5, 4, 4) within a mile, making it attractive for families.
Cons
Condition Requires Immediate Repairs: The property explicitly needs interior wall repair, bedroom carpet replacement, and paint, indicating immediate out-of-pocket expenses for the buyer.
Sold 'As-Is': Being sold 'as-is' means the buyer assumes all responsibility for current and future repairs or upgrades, adding financial risk and potential for unforeseen costs.
High Monthly Association Fee: The association fee of $698.0 is substantial and will significantly impact the overall monthly housing cost for the owner.