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2031 Otis Dr H, Alameda, California 94501, Alameda, 94501 - 1 bed, 1 bath

2031 Otis Dr H, Alameda, California 94501 home-pic-0
ACTIVE$475,000
2031 Otis Dr H, Alameda, California 94501
1Bed
1Bath
798Sqft
138,520Lot

Price Vs. Estimate

The estimated value ($466,465.635) is $8,534.365 (1%) lower than the list price ($475,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location & Accessibility: The unit boasts a prime location, steps away from South Shore Center's shopping and dining options, and a stone's throw from the beachfront with walking/biking paths and serene sunsets.
Top Cons:
High Monthly Association Fee: The $550 association fee is relatively high for a one-bedroom condominium, which can significantly impact the overall monthly housing cost for potential buyers.

Compared to the nearby listings

Price:$475.0K vs avg $655.0K ($-180,000)23%
Size:798 sqft vs avg 1,138.5 sqft18%
Price/sqft:$595 vs avg $58055%

More Insights

Built in 1968 (57 years old).
Condition: Despite being built in 1968, this condo has undergone extensive and recent renovations, making it virtually new inside. The description highlights 'beautiful updates' including new kitchen cabinets, quartz countertops, some new appliances (stainless steel range/dishwasher), luxury vinyl plank flooring, fresh paint throughout, and newer dual pane vinyl windows/patio doors. The bathroom also features new countertops, sink, faucet, and light fixture. The images confirm a modern, clean, and move-in ready interior with contemporary finishes in the kitchen and bathroom, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Year Built
1968
Close
-
List price
$475K
Original List price
$475K
Price/Sqft
$595
HOA
$550
Days on market
-
Sold On
-
MLS number
41112105
Home ConditionExcellent
Features
Pool
View-

About this home

The convenience of condominium living in the heart of Alameda! Beautiful updates to this spacious one bedroom condo include kitchen cabinets, quartz countertops and some new appliances, luxury vinyl plank flooring and fresh paint throughout. Newer dual pane vinyl windows and patio doors with vertical blinds open to a shaded balcony. The spacious bedroom has a generous walk-in closet with built-in vanity. The bathroom features shower over tub, new coutertop, sink, faucet and light fixture. Located steps from South Shore Center, this top-floor unit is close to numerous shopping and dining options while also being a stone's throw from the beachfront, with its walking and biking paths and serene sunsets. South Shore Lagoon Condos boasts two swimming pools, two laundry rooms, and gated parking access. Included with this unit is one deeded carport space.

Condition Rating
Excellent
Despite being built in 1968, this condo has undergone extensive and recent renovations, making it virtually new inside. The description highlights 'beautiful updates' including new kitchen cabinets, quartz countertops, some new appliances (stainless steel range/dishwasher), luxury vinyl plank flooring, fresh paint throughout, and newer dual pane vinyl windows/patio doors. The bathroom also features new countertops, sink, faucet, and light fixture. The images confirm a modern, clean, and move-in ready interior with contemporary finishes in the kitchen and bathroom, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Pros & Cons

Pros

Exceptional Location & Accessibility: The unit boasts a prime location, steps away from South Shore Center's shopping and dining options, and a stone's throw from the beachfront with walking/biking paths and serene sunsets.
Extensively Renovated Interior: The condo features beautiful updates including new kitchen cabinets, quartz countertops, some new appliances, luxury vinyl plank flooring, fresh paint, newer dual-pane windows, and an updated bathroom.
Robust Community Amenities: Residents benefit from access to two swimming pools, two laundry rooms, and secure gated parking within the South Shore Lagoon Condos complex.
Dedicated Parking: The inclusion of one deeded carport space is a significant advantage, providing convenience and security in a desirable area.
Top-Floor Unit Advantages: Being a top-floor unit, it typically offers increased privacy, reduced noise from above, and a shaded balcony for outdoor enjoyment.

Cons

High Monthly Association Fee: The $550 association fee is relatively high for a one-bedroom condominium, which can significantly impact the overall monthly housing cost for potential buyers.
Building Age: Constructed in 1968, the building is over 50 years old. While the unit is updated, the age of the overall structure may lead to higher common area maintenance costs or potential special assessments in the future.
Limited Space Configuration: As a one-bedroom, one-bathroom unit, its appeal is limited to singles or couples, potentially restricting the buyer pool compared to properties with more bedrooms or flexible layouts.

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