
Richmond, California 94804
This property presents a High-Potential Investment Opportunity with a List Price of $249,000—positioned well below the $251,078 Fair Market Value by 0.83%. This valuation gap offers $2,078 in Instant Equity. With a Condition Rating of 5, the unit requires modernization to meet current standards. Residents benefit from Resort-Style Amenities including a gym, pool, and hot tub, plus a prime location just 2 minutes from the ferry. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a commuter-friendly entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 Bayside Ct Subject 1 bd · 1 ba · 533 sqft · $471 | $249,000* List Price | 1 | 1 | 533 | $471 | - |
A 1205 Melville Sq 304 Sold 1 bd · 1 ba · 734 sqft · $436 · 0.6 mi | $320,000 | 1 | 1 | 734 | $436 | 0.6 mi |
B 1203 1203 Melville Sq 216 Active 1 bd · 1 ba · 734 sqft · $435 · 0.6 mi | $319,000 List Price | 1 | 1 | 734 | $435 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1992, the property is 34 years old, which exceeds the 30-year threshold for the 'Poor' category. Given the lack of mentioned renovations to the kitchen, bathroom, or major systems (HVAC/Electric), the property is classified as needing rehab to meet modern standards.
The property is located just a 2-minute drive from the ferry, offering an exceptionally convenient commute to San Francisco and other Bay Area hubs.
Residents have access to a comprehensive suite of community features including a gym, pool, hot tub, and clubhouse, enhancing the overall lifestyle value.
Listed at $249,000, this condo represents a highly affordable entry point into the Bay Area market, especially considering its recent higher sales history.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1, other record lot size in square feet = 2124.
The $625 monthly association fee is relatively high compared to the purchase price and square footage, which may impact the debt-to-income ratio for some buyers.
With only 533 square feet of living area, the unit is quite compact, potentially limiting its appeal to individuals or couples with significant storage needs.
GYM + POOL + HOT TUB + CLUB HOUSE , 2 min drive to ferry ( Beautiful community )
No exterior & parking available.
Grades K-6 • 2.4 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.7 |
| Baths | 1.0 | 1.5 |
| Square foot | 533 | 970.767 |
| Lot Size | 1 | 2,044.217 |
| Price | $249.0K | $423.0K |
| Price per sq ft | $467 | $456 |
| Built year | 1992 | 1989 |
| HOA | $625.0 | $624 |
| Days on market | 24 | 79 |
Sep 30, 2026
$249,000
Initial Listing
Oct 30, 2023
$360,000
Public Record
Jun 29, 2006
$265,000
Public Record