201 Lake Ave, Rodeo, California 94572, Rodeo, 94572 - 2 bed, 1 bath
ACTIVE$575,000
201 Lake Ave, Rodeo, California 94572
2Beds
1Bath
1,014Sqft
4,375Lot
Price Vs. Estimate
The estimated value ($465,741.195) is $109,258.805 (19%) lower than the list price ($575,000). This property may be overpriced.
Key pros and cons
Top Pros:
Unpermitted In-Law Unit Potential: The downstairs area, though unpermitted, offers significant potential for rental income or multi-generational living with its own kitchen, 2 bedrooms, and bath, appealing to buyers seeking value-add opportunities.
Top Cons:
Unpermitted Living Space: The downstairs in-law unit is explicitly unpermitted, posing legal, financial, and permitting risks that the buyer must address with the county.
Compared to the nearby listings
Price:$575.0K vs avg $661.2K ($-86,250)38%
Size:1,014 sqft vs avg 1,515.5 sqft25%
Price/sqft:$567 vs avg $38594%
More Insights
Built in 1930 (95 years old).
Condition: Built in 1930, this property shows significant signs of age and deferred maintenance. Both the main kitchen and the unpermitted in-law unit kitchen are extremely outdated with old appliances, cabinets, and flooring, requiring full renovation. The main bathroom is similarly outdated. The exterior shows neglect with faded paint, overgrown landscaping, and a weathered, potentially unsafe deck structure. The 'AS-IS' sale and 'unpermitted' in-law unit indicate substantial repairs and rehabilitation are needed, aligning with the 'poor' condition criteria.
Year Built
1930
Close
-
List price
$575K
Original List price
$595K
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
41112982
Home ConditionPoor
Features
Deck
View-
About this home
This 2BR/1BA Rodeo home is full of potential! The main level offers cozy living space with bonus room while the downstairs includes an in-law area with its own kitchen, 2 bedrooms, and bath. This space is unpermitted and being sold AS-IS — a great opportunity for buyers with vision. Conveniently located near freeways, schools, and neighborhood parks. Whether you’re seeking your first home or an investment, this property is ready for your finishing touches. Buyer to confirm permits and intended use with the county.
Nearby schools
3/10
Rodeo Hills Elementary School
Public,•K-5•0.4mi
4/10
Carquinez Middle School
Public,•6-8•2.8mi
6/10
John Swett High School
Public,•9-12•2.9mi
Condition Rating
Poor
Built in 1930, this property shows significant signs of age and deferred maintenance. Both the main kitchen and the unpermitted in-law unit kitchen are extremely outdated with old appliances, cabinets, and flooring, requiring full renovation. The main bathroom is similarly outdated. The exterior shows neglect with faded paint, overgrown landscaping, and a weathered, potentially unsafe deck structure. The 'AS-IS' sale and 'unpermitted' in-law unit indicate substantial repairs and rehabilitation are needed, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Unpermitted In-Law Unit Potential: The downstairs area, though unpermitted, offers significant potential for rental income or multi-generational living with its own kitchen, 2 bedrooms, and bath, appealing to buyers seeking value-add opportunities.
Strategic Location: Conveniently located near freeways, schools, and neighborhood parks, enhancing accessibility and daily convenience for residents.
Investment Opportunity: Explicitly marketed as an investment opportunity and for buyers with 'vision' and 'finishing touches,' indicating potential for equity growth through renovation and permitting.
Recent Price Adjustment: The property has seen a recent price reduction from $595,000 to $575,000, which may signal increased seller motivation and potential for a more competitive offer.
Proximity to Elementary School: Located very close to Rodeo Hills Elementary School (0.37 miles), which is a significant advantage for families with young children.
Cons
Unpermitted Living Space: The downstairs in-law unit is explicitly unpermitted, posing legal, financial, and permitting risks that the buyer must address with the county.
As-Is Sale Condition: The property is being sold 'AS-IS,' transferring all responsibility and potential costs for necessary repairs, upgrades, and code compliance directly to the buyer.
Potential Overpricing: The current list price of $575,000 is significantly higher than the estimated property value of $489,432, suggesting it may be overpriced relative to its current condition and market value.