2538 E 16th St, Oakland, California 94601, Oakland, 94601 - 3 bed, 2 bath
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2538 E 16th St
Oakland, California 94601
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,292Sq Ft
3,687Lot Size
Property Price
LIST PRICE$499,950
EST. MARKET VALUE
$526,069
4% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $499,950—positioned well below the $535,637 Fair Market Value by 6%. This valuation gap offers $35,687 in Instant Equity for the buyer. The property maintains a Condition Rating of 3, featuring stylishly remodeled bathrooms and a functional layout. With a spacious 2-car garage and transit-oriented accessibility, this home is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home with significant financial upside.
Estimated Market Value
$526,069+$26,119 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2538 E 16th St Subject | $499,950* List Price | 3 | 2 | 1,292 | $407 | - |
A 2049 Rutherford St Sold | $555,000 | 4 | 1 | 1,476 | $376 | 0.4 mi |
B 1464 35th Ave Sold | $489,200 | 3 | 2 | 1,133 | $432 | 0.7 mi |
C 5311 Gray Street Sold | $540,000 | 3 | 2 | 1,372 | $394 | 1.0 mi |
D 2806 Foothill Blvd Active | $429,000 List Price | 2 | 1 | 1,203 | $357 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1985 but features stylishly remodeled bathrooms and an updated kitchen with modern fixtures. The interior is well-maintained with move-in ready laminate flooring and functional spaces, aligning with the 5-15 year renovation criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Updates
The property features two stylishly remodeled bathrooms with contemporary fixtures and upgraded closets, offering a move-in-ready aesthetic that appeals to modern buyers.
- Exceptional Parking & Storage
Rare for this urban density, the home includes a spacious 2-car garage plus additional off-street parking for multiple vehicles, providing significant convenience and security.
- Transit-Oriented Location
Boasting a high accessibility factor, the home is situated near BART, bus stops, and major shopping centers, all while benefiting from the absence of monthly HOA fees.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3687, other record lot size in square feet = 7375.
- Compact Lot Size
With a lot size of approximately 3,687 square feet, the outdoor space is relatively modest, which may limit options for significant landscaping or future structural expansions.
- Urban Noise Potential
The property's proximity to schools, parks, and major transit hubs, while convenient, may result in higher levels of ambient noise and neighborhood activity.
About 2538 E 16th St
This lovely, well-maintained home, built in 1985, features 3 bedrooms, 2 updated bathrooms, and a spacious 2-car garage. Both bathrooms have been stylishly remodeled with modern fixtures and upgraded closets. The generous backyard provides ample space for outdoor living—ideal for relaxing, gardening, or entertaining guests. In addition to the garage, the property offers ample off-street parking for multiple vehicles. Conveniently located near schools, parks, shopping centers, restaurants, bus stops, and BART, this home combines comfort with unbeatable accessibility. Best of all—NO HOA! Open house 10:30am to 1pm of 09/05/2026.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 3,687 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,292 | 1,630.086 |
| Lot Size | 3,687 | 5,044.686 |
| Price | $499.9K | $1.05M |
| Price per sq ft | $387 | $618 |
| Built year | 1985 | 1927 |
| HOA | $0 | $265 |
| Days on market | 33 | 37 |
Pricing History
Listed for Sale
Aug 7, 2026
$499,950
Initial Listing
Sold
Mar 11, 2011
$75,000
Public Record