2627 Oak Rd B, Walnut Creek, California 94597, Walnut Creek, 94597 - 2 bed, 3 bath
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2627 Oak Rd B
Walnut Creek, California 94597
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,216Sq Ft
0Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$535,619
6% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $539,000—positioned well below the $556,258 Fair Market Value by 3%. This valuation gap offers $17,258 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires cosmetic modernization, offering significant upside for forced appreciation. Located near the Iron Horse Trail and zoned for top-tier schools like Las Lomas High (9/10), this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term wealth.
Estimated Market Value
$535,619+$36,619 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Walnut Creek.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2627 Oak Rd B Subject 2 bd · 3 ba · 1,216 sqft · $440 | $499,000* List Price | 2 | 3 | 1,216 | $440 | - |
A 1310 Walden Rd 11 Sold 2 bd · 2 ba · 980 sqft · $449 · 0.3 mi | $440,000 | 2 | 2 | 980 | $449 | 0.3 mi |
B 2627 2627 Oak Rd A Sold 2 bd · 2 ba · 1,208 sqft · $493 · 0.0 mi | $595,000 | 2 | 2 | 1,208 | $493 | 0.0 mi |
C 2597 Oak Rd A Sold 2 bd · 1 ba · 878 sqft · $515 · 0.0 mi | $452,000 | 2 | 1 | 878 | $515 | 0.0 mi |
D 2560 Oak Rd 120 Sold 2 bd · 2 ba · 998 sqft · $480 · 0.2 mi | $479,000 | 2 | 2 | 998 | $480 | 0.2 mi |
E 3183 Wayside Plz 217 Sold 2 bd · 2 ba · 1,002 sqft · $417 · 0.8 mi | $418,000 | 2 | 2 | 1,002 | $417 | 0.8 mi |
F 3183 Wayside Plz 307 Sold 2 bd · 2 ba · 968 sqft · $517 · 0.8 mi | $500,000 | 2 | 2 | 968 | $517 | 0.8 mi |
G 2590 Oak Rd 247 Sold 2 bd · 3 ba · 1,168 sqft · $503 · 0.2 mi | $588,000 | 2 | 3 | 1,168 | $503 | 0.2 mi |
H 2590 Oak Rd 146 Sold 2 bd · 2 ba · 1,168 sqft · $527 · 0.2 mi | $615,000 | 2 | 2 | 1,168 | $527 | 0.2 mi |
I 1089 Wesley Ct 8 Active 2 bd · 2 ba · 1,005 sqft · $425 · 0.6 mi | $427,500 List Price | 2 | 2 | 1,005 | $425 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985, this property is nearly 40 years old and retains many original features, including the kitchen's wood-trimmed laminate cabinetry and dated appliances. While the home appears well-kept and functional, the listing description explicitly highlights the 'potential' to 'update it over time,' confirming it is a dated unit in need of cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Las Lomas High School (9/10).
- Prime Commuter Location
Situated directly off the Iron Horse Trail with immediate access to transit, shopping, and dining, this property offers an unbeatable lifestyle for active professionals and commuters.
- Top-Rated School District
The home is zoned for highly-regarded schools, including Las Lomas High School (rated 9/10), which significantly enhances the property's long-term value and family appeal.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
The listing's emphasis on 'potential' and 'updating over time' suggests the interior requires modernization, which will necessitate additional upfront capital from the buyer.
- High Monthly HOA Dues
A monthly association fee of $467 represents a significant recurring expense that may impact overall affordability and the buyer's debt-to-income ratio.
About 2627 Oak Rd B
A Commuter’s Dream in a Prime Location! Located just off the Iron Horse Trail, with an unbeatable combination of convenience, lifestyle, and potential. Step outside and enjoy miles of walking and biking along the trail, with easy access to nearby shopping, dining, transportation, and everyday amenities. Inside, you’ll find a home with loads of potential and the flexibility to make it your own. Move in and enjoy the space as it is, or bring your vision and update it over time to create a home that perfectly reflects your style. Whether you’re looking for an easy commute, a convenient location, or an opportunity to put your personal stamp on a property, this one is worth a look. Come see the possibilities!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $467.0 / Month
Neighborhood Insights
Walnut Creek Unified Schools
Buena Vista Elementary School
Grades K-5 • 0.8 mi
7/10
Walnut Creek Intermediate School
Grades 6-8 • 0.8 mi
7/10
Tice Creek
Grades K-8 • 2.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,216 | 1,118.684 |
| Lot Size | - | 1,033.383 |
| Price | $499.0K | $570.7K |
| Price per sq ft | $410 | $500 |
| Built year | 1985 | 1972 |
| HOA | $467.0 | $1.3K |
| Days on market | 43 | 55 |
Pricing History
Listed for Sale
Oct 17, 2026
$499,000
$539,000
-7% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$539,000
Initial Listing
Sold
Jun 21, 2019
$585,000
Public Record
Sold
Dec 27, 2013
$380,000
Public Record
Sold
Feb 23, 2010
$275,000
Public Record
Sold
May 16, 2006
$515,000
Public Record
Sold
Oct 18, 2001
$290,000
Public Record