229 Ramona Ave, El Cerrito, California 94530, El Cerrito, 94530 - 2 bed, 1 bath
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229 Ramona Ave
El Cerrito, California 94530
ACTIVE
CONDITION: GOOD
2Beds
1Baths
1,024Sq Ft
4,500Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$921,482
13% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $799,000—positioned well below the $921,482 Fair Market Value by 13%. This valuation gap offers $122,482 in Instant Equity for the buyer. The property maintains a Good Condition Rating with refinished hardwood floors and a versatile bonus space. Located in the coveted St. Jerome’s neighborhood near top-rated schools like Harding Elementary, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a prime East Bay location.
Estimated Market Value
$921,482+$122,482 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in El Cerrito.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 Ramona Ave Subject | $799,000* List Price | 2 | 1 | 1,024 | $900 | - |
A 620 Elm St Sold | $820,000 | 2 | 1 | 850 | $965 | 0.6 mi |
B 207 Carmel Avenue Active Under Contract | $899,000 List Price | 3 | 1 | 1,005 | $895 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1940, the property appears well-maintained and move-in ready. Interior photos show refinished hardwood floors, fresh paint, and functional systems (central heating vents visible). The home shows signs of cosmetic updates within the 5-15 year range, placing it in the 'Good' category despite its chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly coveted St. Jerome’s neighborhood on the Albany border, the property offers exceptional walkability to local shops, cafes, and the popular Sunday farmers market.
- Versatile Living Space
The home includes a generous downstairs bonus area, providing valuable flexibility for a home office, gym, or guest space that complements the main living quarters.
- Excellent Transit Access
Ideally located for commuters, the property is just minutes from BART, the Ohlone Greenway, and major East Bay thoroughfares for easy access to San Francisco and Oakland.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving two bedrooms and a bonus space, the layout may be restrictive for families or those who frequently host guests.
- Vintage Infrastructure
Built in 1940, the home may require updates to its original systems or seismic retrofitting to meet modern standards, potentially increasing the total cost of ownership.
About 229 Ramona Ave
Welcome to 229 Ramona Ave in St Jerome’s, El Cerrito’s most coveted neighborhood, featuring quiet, tree-lined streets that offer seamless access to the best of the East Bay right on the Albany border. This large two-bedroom home offers fantastic versatility with a generous bonus space downstairs. You are right around the corner from Fairmount Ave and Kensington Circle, with fun local shops, restaurants, cafes, and a popular Sunday farmers market. Enjoy easy access to the Ohlone Greenway, Memorial Park, Albany Pool, and Solano Ave, while also being just minutes away from El Cerrito Plaza and simple BART commutes into San Francisco and Oakland. Get to know your future neighborhood in an unbeatable location that brings the best of East Bay living right to your doorstep.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 4,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
El Cerrito Unified Schools
Harding Elementary School
Grades K-6 • 0.2 mi
5/10
Fred T. Korematsu Middle School
Grades 7-8 • 1.1 mi
4/10
El Cerrito Senior High School
Grades 9-12 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,024 | 1,580.973 |
| Lot Size | 4,500 | 5,412.622 |
| Price | $799.0K | $1.22M |
| Price per sq ft | $780 | $786 |
| Built year | 1940 | 1950 |
| HOA | $0 | $0 |
| Days on market | 5 | 33 |
Pricing History
Listed for Sale
Sep 4, 2026
$799,000
Initial Listing