2417 Palmetto St, Oakland, California 94602, Oakland, 94602 - 3 bed, 4 bath
Loading property details...
Oakland, California 94602
This Classic 1912 Shingle Cottage is a Strong Value Opportunity, listed at $1,098,000—positioned well below the $1,197,941 Fair Market Value by 8%. This valuation gap provides $99,941 in Instant Equity. Boasting a Condition Rating of 2 following a total 2019/2020 rebuild, the home features a chef's kitchen, vaulted cedar ceilings, and owned 7.7kW solar. With a separate studio ADU and proximity to Sequoia Elementary, the property offers immense versatility. It is an exceptional find for Owner-Occupants or House-Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2417 Palmetto St Subject | $1,098,000* List Price | 3 | 4 | 2,167 | $553 | - |
A 2132 2132 Damuth St Sold | $912,000 | 3 | 2 | 2,361 | $386 | 0.3 mi |
B 3081 3081 23rd Avenue Sold | $1,295,000 | 4 | 2 | 2,117 | $612 | 0.6 mi |
C 3846 Beaumont Ave Sold | $1,050,000 | 3 | 3 | 2,005 | $524 | 0.8 mi |
D 3626 Midvale Ave Active | $1,000,000 List Price | 3 | 2 | 1,676 | $597 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was gutted and fully rebuilt in 2019/2020, meeting the criteria for a comprehensive renovation within the last 5 years. It features high-end modern finishes including a chef's kitchen with waterfall quartz countertops and double wall ovens, updated bathrooms with marble-style tiling and glass showers, refinished hardwood floors, and modern systems such as an owned 7.7kW solar array and updated electrical panels.
Originally a 1912 cottage, the home was gutted and fully rebuilt with high-end modern finishes, including a chef's kitchen with waterfall quartz and a vaulted cedar-ceiling primary suite, offering the peace of mind of new construction.
The property features a lower-level suite with a kitchenette plus a separate 187 SF studio ADU with its own entrance, providing excellent opportunities for multi-generational living or rental income.
The inclusion of an owned 7.7kW solar system offers significant long-term utility savings and appeals to environmentally conscious buyers in the California market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2167, other record living area = 1724.
The 2-car garage is arranged in a tandem layout, which can be less convenient for households with multiple daily drivers compared to side-by-side parking.
While the neighborhood is highly desirable, several of the assigned public schools carry lower performance ratings, which may be a concern for families prioritizing top-tier educational scores.
Classic 1912 Shingle Cottage, gutted and fully rebuilt in 2019/2020 with no detail overlooked. Spanning 3 levels and 2,167 SF on a 6,850 SF lot, the home features 3 beds, 3.5 baths, and a stunning open-concept main level with refinished hardwood floors, a dramatic floor-to-ceiling tiled fireplace, and a chef's kitchen with waterfall quartz island, Shaker cabinetry, subway tile backsplash, and double wall ovens. Upstairs, the vaulted cedar-ceiling primary suite offers a walk-in closet and luxurious en-suite bath with dual vanity and glass shower. Lower level includes a bedroom, full bath, kitchenette, and 2-car tandem garage — ideal for multi-gen living. Private backyard retreat with patio, decking, and lawn. Studio ADU (187 SF) with kitchenette, bath, and private entrance. Owned 7.7kW solar. Steps to Bombera, Farmer Joe's, Grand Lake Kitchen, Dimond Park, and Hwy 580
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,167 | 1,408 | 81% |
| Lot Size | 6,850 | 4,630 | 83% |
| Price | $1.10M | $1.04M | 52% |
| Price per sq ft | $507 | $728 | 11% |
| Built year | 1912 | 1927 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 148 | 1% |
Apr 9, 2026
$1,098,000
Initial Listing
Feb 18, 2021
$780,000
Public Record
Apr 29, 2019
$580,000
Public Record
Oct 10, 1997
$177,500
Public Record