1815 Balsa St, Alameda, California 94501, Alameda, 94501 - 3 bed, 4 bath
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1815 Balsa St
Alameda, California 94501
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
1,727Sq Ft
68,130Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$900,360
11% BelowMARKET VALUE
SUMMARY
This Modern Tri-Level Condominium is a High-Potential Investment Opportunity, listed at $799,000—positioned well below the $900,360 Fair Market Value by 11%. This valuation gap offers $101,360 in Instant Equity. Featuring a Mint Condition Rating, this 2016 build includes a private en suite for every bedroom, an EV-ready garage, and a covered outdoor lounge. Located near top-rated schools like Alameda High, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Estimated Market Value
$900,360+$101,360 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Alameda.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1815 Balsa St Subject 3 bd · 4 ba · 1,727 sqft · $521 | $799,000* List Price | 3 | 4 | 1,727 | $521 | - |
A 6 Invincible Ct F40 Sold 2 bd · 4 ba · 1,959 sqft · $459 · 0.8 mi | $900,000 | 2 | 4 | 1,959 | $459 | 0.8 mi |
B 7 Courageous Ct D52 Sold 2 bd · 2 ba · 1,387 sqft · $598 · 0.8 mi | $830,000 | 2 | 2 | 1,387 | $598 | 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 in 2016, this property is less than 10 years old and remains in mint condition. The kitchen and bathrooms feature modern finishes such as quartz countertops, stainless steel appliances, and contemporary tiling. Systems are up-to-date, including the addition of an EV charger and epoxy garage flooring, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
- Exceptional Value and Financing
Priced significantly below comparable new-build condos in the area, this property offers a rare opportunity to secure a mortgage rate in the 4% range, providing substantial long-term savings.
- Privacy-Centric Layout
The thoughtfully designed tri-level floor plan features three bedrooms each equipped with its own private en suite bathroom, offering ideal separation and comfort for families or guests.
CONSRISKS & DEFICIENCIES
- Vertical Living Constraints
The tri-level configuration requires navigating multiple flights of stairs daily, which may be a drawback for buyers with mobility concerns or those preferring a single-level layout.
- Recurring HOA Expenses
The monthly association fee of $423 adds a fixed recurring cost to the ownership budget that must be factored in alongside the mortgage and property taxes.
About 1815 Balsa St
IMPROVED PRICE! WHY BUY NEW WHEN YOU CAN GET THIS AT A DISCOUNT AND A MORTGAGE RATE IN THE 4% RANGE? Compare with other condos priced over $1,000,000! Exceptional central Alameda location. Built in 2016, this 3 bed, 3.5 bath tri-level home offers 1,727 sq ft of thoughtfully designed living space in a prime central location. Each bedroom features its own en suite bathroom, offering ideal privacy and comfort. The first floor features a private bedroom with a full bath, including a stall shower. On the second floor, enjoy an open-concept layout that seamlessly combines the kitchen, dining and living room, along with a convenient half bath. Highlights include recessed lighting, LVP flooring, a built-in bookshelf, and a patio slider to a covered outdoor lounge area. The kitchen is equipped with stainless steel appliances, glass tile backsplash, dark gray quartz countertops and plantation shutters. Upstairs, the primary suite boasts a double vanity and tiled stall shower with a built-in bench. The third bedroom features its own bathroom, complete with a shower over the tub, and the laundry room is conveniently located on this level. The attached two-car garage features epoxy flooring, overhead storage and an EV charger. Enjoy easy access on and off the island via Park St Bridge or Webster/Posey Tube. Close to Marina Cove Park, shops, restaurants and local markets. Open House Sat-Sun October 24-25, 2pm-4pm.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2016
- Lot Size
- 68,130 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $423.0 / Month
Neighborhood Insights
Alameda Unified Schools
Franklin Elementary School
Grades K-5 • 0.6 mi
8/10
Henry Haight Elementary School
Grades K-5 • 0.7 mi
6/10
Donald D. Lum Elementary School
Grades 4-5 • 1.1 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.1 |
| Baths | 4.0 | 2.5 |
| Square foot | 1,727 | 1,353.929 |
| Lot Size | 68,130 | 35,067.393 |
| Price | $799.0K | $744.1K |
| Price per sq ft | $463 | $545 |
| Built year | 2016 | 1994 |
| HOA | $423.0 | $592 |
| Days on market | 4 | 49 |
Pricing History
Listed for Sale
Oct 20, 2026
$799,000
Initial Listing
Sold
Nov 29, 2016
$842,000
Public Record