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1555 Lakeside Dr, Oakland, California 94612, Oakland, 94612 - 2 bed, 2 bath

1555 Lakeside Dr, Oakland, California 94612 home-pic-0
ACTIVE$545,000
1555 Lakeside Dr, Oakland, California 94612
2Beds
2Baths
1,382Sqft
22,683Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Waterfront Location & Views: Located directly on Lake Merritt, the unit offers expansive floor-to-ceiling windows with stunning views of the lake, San Francisco, and beyond, providing a desirable backdrop for living and entertaining.
Top Cons:
High Association Fees: The monthly association fee of $1,500 is substantial and could be a significant ongoing cost for potential buyers, impacting affordability and investment returns.

Compared to the nearby listings

Price:$545.0K vs avg $585.0K ($-40,000)41%
Size:1,382 sqft vs avg 1,222 sqft71%
Price/sqft:$394 vs avg $52112%

More Insights

Built in 1968 (57 years old).
Condition: Despite being built in 1968, the property has undergone an extensive and recent renovation, as evidenced by the 'sleek and remodeled kitchen' with 'premium appliances,' 'pendant lighting,' 'sleek cabinetry,' 'hardwood floors,' and 'updated backsplash.' The bathrooms also feature modern vanities, fixtures, and tiling, appearing virtually new. The description mentions 'new carpet' in the bedrooms. All key areas meet current quality standards with no visible deferred maintenance, indicating a full recent renovation within the last 5 years.
Year Built
1968
Close
-
List price
$545K
Original List price
$689K
Price/Sqft
$394
HOA
$1,500
Days on market
-
Sold On
-
MLS number
41098610
Home ConditionExcellent
Features
Good View:
View-

About this home

Amazing Price! Second to top floor unit! Welcome to Unit 191 at the Lakeside Regency | Modern Elegance with Lake Views !!! Just one floor below the penthouse, this unit offers an elevated lifestyle in. Designed by Michael Marx, AIA, a former apprentice of Frank Lloyd Wright & built of steel and concrete in 1968, Lakeside Regency is an architectural gem & rare find. Spanning near 1,400 square feet on a single-level, with a modern and open floor plan, floor to ceiling windows with custom hunter douglas blinds, views of Lake Merritt, SF, and beyond, provide stunning backdrop for everyday living or entertaining. This unit offers a sleek and remodeled kitchen, equipped with premium appliances, pendant lighting, sleek cabinetry, hardwood floors, updated backsplash and a dedicated space for in-unit laundry. larger bedrooms than other units, with new carpet and a spacious primary with ensuite bath. Residents of the Lakeside Regency enjoy full-service amenities including 24-hour door service, parking, a shared mezzanine & a clubhouse. The unit includes 1 car parking and storage closet. Located right on the lake.

Nearby schools

8/10
Lincoln Elementary School
Public,•K-5•0.4mi
2/10
Martin Luther King, Jr. Elementary School
Public,•PK-3•1.2mi
1/10
Lafayette Elementary School
Public,•2-5•1.2mi
3/10
La Escuelita Elementary School
Public,•K-8•0.6mi
2/10
Westlake Middle School
Public,•6-8•0.8mi
3/10
West Oakland Middle School
Public,•6-8•1.2mi
3/10
Mcclymonds High School
Public,•9-12•1.4mi
4/10
Oakland High School
Public,•9-12•1.4mi
7/10
Oakland Technical High School
Public,•9-12•2.0mi
2/10
Oakland International High School
Public,•9-12•2.1mi
2/10
Fremont High
Public,•9-12•3.5mi
Condition Rating
Excellent
Despite being built in 1968, the property has undergone an extensive and recent renovation, as evidenced by the 'sleek and remodeled kitchen' with 'premium appliances,' 'pendant lighting,' 'sleek cabinetry,' 'hardwood floors,' and 'updated backsplash.' The bathrooms also feature modern vanities, fixtures, and tiling, appearing virtually new. The description mentions 'new carpet' in the bedrooms. All key areas meet current quality standards with no visible deferred maintenance, indicating a full recent renovation within the last 5 years.
Pros & Cons

Pros

Prime Waterfront Location & Views: Located directly on Lake Merritt, the unit offers expansive floor-to-ceiling windows with stunning views of the lake, San Francisco, and beyond, providing a desirable backdrop for living and entertaining.
Architectural Significance & Quality Construction: Designed by Michael Marx, AIA (a former apprentice of Frank Lloyd Wright) and built of steel and concrete in 1968, the Lakeside Regency is noted as an architectural gem, suggesting superior structural integrity and unique design.
Extensive Full-Service Amenities: Residents benefit from full-service amenities including 24-hour door service, dedicated parking, a shared mezzanine, and a clubhouse, enhancing the luxury living experience.
Modern & Remodeled Interior: The unit features a sleek, remodeled kitchen with premium appliances, an open floor plan, larger bedrooms than typical units, new carpet, a spacious primary suite with an ensuite bath, and convenient in-unit laundry.
High Floor & Spacious Layout: Positioned on the second-to-top floor, this unit offers an elevated perspective and a generous single-level layout spanning nearly 1,400 square feet.

Cons

High Association Fees: The monthly association fee of $1,500 is substantial and could be a significant ongoing cost for potential buyers, impacting affordability and investment returns.
Significant Price Reductions: The property has undergone multiple price reductions, dropping from an original list price of $689,000 to $545,000, which may indicate market resistance or initial overpricing.
Mixed School Ratings: While there is one highly-rated elementary school nearby, several other local public schools, particularly high schools and middle schools, have lower ratings (2-4), which could be a concern for families with school-aged children.

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