1929 Lincoln Avenue, Richmond, California 94801, Richmond, 94801 - 3 bed, 1 bath
ACTIVE$615,000
1929 Lincoln Avenue, Richmond, California 94801
3Beds
1Bath
1,375Sqft
5,000Lot
Price Vs. Estimate
The estimated value ($571,581.07) is $43,418.93 (7%) lower than the list price ($615,000). This property may be overpriced.
Key pros and cons
Top Pros:
Spacious Outdoor Area: The property is situated on a generous 5,000 sqft lot with a spacious backyard, providing ample outdoor living space and potential for landscaping or expansion.
Top Cons:
Significant Overpricing: The current list price of $615,000 is approximately 25% above the estimated market value of $460,635, indicating a potential overvaluation.
Compared to the nearby listings
Price:$615.0K vs avg $540.0K (+$75,000)66%
Size:1,375 sqft vs avg 1,152 sqft56%
Price/sqft:$447 vs avg $42954%
More Insights
Built in 1942 (83 years old).
Condition: Built in 1942, this property is aged but appears to have been maintained with occasional updates. The kitchen features modern stainless steel appliances, updated countertops, and a backsplash, but the flooring and light fixtures are dated. No bathroom images were provided, but the presence of only one bathroom for three bedrooms is a significant functional limitation. The exterior shows signs of age with a cracked driveway, though the paint and garage door appear maintained. Overall, the home is functional but shows clear signs of being outdated and would benefit from further renovations to meet modern standards.
Year Built
1942
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
41104111
Home ConditionFair
Features
Patio
View-
About this home
Situated on a generous lot with a spacious backyard. Close to all conveniences and schools. Excellent opportunity! Monthly rent: $2,200.
Condition Rating
Fair
Built in 1942, this property is aged but appears to have been maintained with occasional updates. The kitchen features modern stainless steel appliances, updated countertops, and a backsplash, but the flooring and light fixtures are dated. No bathroom images were provided, but the presence of only one bathroom for three bedrooms is a significant functional limitation. The exterior shows signs of age with a cracked driveway, though the paint and garage door appear maintained. Overall, the home is functional but shows clear signs of being outdated and would benefit from further renovations to meet modern standards.
Pros & Cons
Pros
Spacious Outdoor Area: The property is situated on a generous 5,000 sqft lot with a spacious backyard, providing ample outdoor living space and potential for landscaping or expansion.
Convenient Location: Strategically located close to essential conveniences and schools, enhancing daily accessibility for residents.
Strong Rental Potential: With a potential monthly rental income of $2,200, this property presents an attractive opportunity for investors seeking cash flow.
Desirable Property Type: As a single-family residence with 3 bedrooms, it appeals to a broad range of buyers, including families.
Functional Living Space: Offering 1375 sqft with 3 bedrooms, the property provides a comfortable and practical layout suitable for family living.
Cons
Significant Overpricing: The current list price of $615,000 is approximately 25% above the estimated market value of $460,635, indicating a potential overvaluation.
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be inconvenient for larger households or impact future resale value.
Age of Property: Built in 1942, the home is older and may require significant updates or maintenance to meet modern standards and preferences.