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2530 Market St, Oakland, California 94607, Oakland, 94607 - 2 bed, 1 bath

2530 Market St, Oakland, California 94607 home-pic-0
ACTIVE$579,999
2530 Market St, Oakland, California 94607
2Beds
1Bath
1,259Sqft
3,075Lot

Price Vs. Estimate

The estimated value ($429,530.05) is $150,468.95 (25%) lower than the list price ($579,999). This property may be overpriced.

Key pros and cons

Top Pros:
Historic Architectural Character: This classic 1898 Victorian home is bursting with character, offering a unique opportunity to restore a timeless beauty with significant architectural appeal.
Top Cons:
Unwarranted Additions: The finished basement with additional bedrooms and baths is explicitly stated as 'unwarranted,' which could lead to legal, permitting, and financial challenges for the buyer.

Compared to the nearby listings

Price:$580.0K vs avg $675.0K ($-95,001)31%
Size:1,259 sqft vs avg 1,494 sqft28%
Price/sqft:$461 vs avg $43559%

More Insights

Built in 1898 (127 years old).
Condition: Built in 1898, this Victorian home is explicitly described as a 'project' requiring 'restoration and customization.' The kitchen is severely outdated with old cabinets, laminate countertops, dated white appliances, and linoleum flooring, necessitating a full renovation. While the bathrooms show some more recent updates (newer vanities, LED mirrors), they are not high-end and the overall condition of the property, including the 'unwarranted' finished basement additions, indicates a need for substantial repairs and rehabilitation to meet modern standards and address potential code issues.
Year Built
1898
Close
-
List price
$580K
Original List price
$600K
Price/Sqft
$461
HOA
-
Days on market
-
Sold On
-
MLS number
41107986
Home ConditionPoor
Features
View-

About this home

Step into a piece of West Oakland history with this classic 2-bedroom, 1-bath Victorian awaiting your vision and personal touch. Bursting with character, this home offers the perfect opportunity for those ready to restore and customize a timeless beauty. In addition to the main level, the property features a finished basement with 3 bedrooms, 2 baths, and extra additions—all unwarranted—providing plenty of space and flexibility for creative use. Whether you envision an expanded living area, home office, or guest quarters, the possibilities are endless. Currently tenant-occupied. Conveniently located near BART, major freeways, and vibrant Oakland dining and entertainment, this home offers both accessibility and potential. If you’re seeking a project with historic charm, architectural character, and the chance to make it truly your own, this is it!

Condition Rating
Poor
Built in 1898, this Victorian home is explicitly described as a 'project' requiring 'restoration and customization.' The kitchen is severely outdated with old cabinets, laminate countertops, dated white appliances, and linoleum flooring, necessitating a full renovation. While the bathrooms show some more recent updates (newer vanities, LED mirrors), they are not high-end and the overall condition of the property, including the 'unwarranted' finished basement additions, indicates a need for substantial repairs and rehabilitation to meet modern standards and address potential code issues.
Pros & Cons

Pros

Historic Architectural Character: This classic 1898 Victorian home is bursting with character, offering a unique opportunity to restore a timeless beauty with significant architectural appeal.
Prime West Oakland Location: Conveniently located near BART, major freeways, and vibrant Oakland dining and entertainment, providing excellent accessibility and urban amenities.
Significant Expansion Potential: The property includes a finished basement with 3 bedrooms, 2 baths, and extra additions, offering substantial space and flexibility for creative use or future development.
Value-Add Opportunity: Ideal for buyers seeking a project, this home awaits a vision and personal touch, allowing for customization and potential value appreciation through restoration.
Immediate Income Potential: Currently tenant-occupied, the property offers the possibility of immediate rental income for an investor.

Cons

Unwarranted Additions: The finished basement with additional bedrooms and baths is explicitly stated as 'unwarranted,' which could lead to legal, permitting, and financial challenges for the buyer.
Extensive Renovation Required: Described as a 'project' needing restoration and customization, indicating significant capital investment will be required for repairs, upgrades, and bringing systems up to modern standards.
Potential Overpricing Relative to Estimation: The listing price is significantly higher than the property's estimated value (estimation ratio of -28%), suggesting it may be overpriced given its current condition and the unwarranted nature of some spaces.

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