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2823 11th Ave B, Oakland, California 94610, Oakland, 94610 - 1 bed, 1 bath

2823 11th Ave B, Oakland, California 94610 home-pic-0
ACTIVE$299,000
2823 11th Ave B, Oakland, California 94610
1Bed
1Bath
Sqft
9,515Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unique Community Living: This newly formed TIC community offers extensive common spaces including dining areas, a gym, kid's play area, and office, fostering a strong co-housing spirit.
Top Cons:
TIC Ownership Structure: The property is part of a Tenancy-in-Common (TIC) community, which may present financing complexities or deter buyers unfamiliar with this ownership model, despite financing being available.

Compared to the nearby listings

Price:$299.0K vs avg $440.0K ($-141,000)13%
Size: sqft vs avg 937 sqft2%
Price/sqft:$0 vs avg $4952%

More Insights

Built in 1927 (98 years old).
Condition: Despite being built in 1927, the listing explicitly states 'renovated kitchen & bath,' which is supported by the clean and updated appearance of the bathroom in the images. The unit features well-maintained hardwood floors, high ceilings, and charming 1920s architectural details, making it move-in ready. While the heating system appears to be an older radiator type, the overall condition suggests a property that has undergone significant updates and is well-maintained, aligning with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years. No kitchen images were provided, but the description indicates it is renovated.
Year Built
1927
Close
-
List price
$299K
Original List price
$349K
Price/Sqft
$0
HOA
$754
Days on market
-
Sold On
-
MLS number
41099459
Home ConditionGood
Features
Good View: Bay, City Lights
Deck
ViewBay,City Lights

About this home

One bedroom plus! Calling all community minded folks looking for ownership with the spirit of co-housing. This newly formed TIC community offers charming, spacious homes within a fantastic park-like setting. Multiple common spaces including dining areas, a gym, kid's play area & office make this true communal living. This is a newly formed TIC community with financing available. If you might want to live on the top of Bella Vista Hill amongst a vibrant community AND you no longer want to pay someone else's mortgage - this is the opportunity for you. Architectural details include 1920's tile & fireplace surrounds, high ceilings, floor to ceiling windows, hardwood floors and charm galore. Unit C has an open floorplan, renovated kitchen & bath and private deck off the kitchen. Last but not least, the views from these homes are delightful! Come take a peek at this lovely community in a park-like setting. Motivated seller! Will consider HOA credits!

Condition Rating
Good
Despite being built in 1927, the listing explicitly states 'renovated kitchen & bath,' which is supported by the clean and updated appearance of the bathroom in the images. The unit features well-maintained hardwood floors, high ceilings, and charming 1920s architectural details, making it move-in ready. While the heating system appears to be an older radiator type, the overall condition suggests a property that has undergone significant updates and is well-maintained, aligning with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years. No kitchen images were provided, but the description indicates it is renovated.
Pros & Cons

Pros

Unique Community Living: This newly formed TIC community offers extensive common spaces including dining areas, a gym, kid's play area, and office, fostering a strong co-housing spirit.
Historic Charm & Architectural Details: The property boasts charming 1920s architectural details such as original tile & fireplace surrounds, high ceilings, floor-to-ceiling windows, and hardwood floors.
Renovated Interior & Private Deck: Unit C features a renovated kitchen & bath, providing modern comfort, and includes a private deck off the kitchen for outdoor enjoyment.
Desirable Location & Views: Located on top of Bella Vista Hill in Oakland, the property offers delightful Bay and City Lights views from the homes and is set in a park-like environment.
Motivated Seller & Price Reduction: The seller is motivated, evidenced by a significant price reduction from $349,000 to $299,000, potentially offering a good value for buyers.

Cons

TIC Ownership Structure: The property is part of a Tenancy-in-Common (TIC) community, which may present financing complexities or deter buyers unfamiliar with this ownership model, despite financing being available.
High Association Fee: A monthly association fee of $754.0 is relatively high for a one-bedroom unit, which could impact affordability and long-term ownership costs.
Limited Bedroom Count: Described as 'One bedroom plus!', the property may not meet the needs of buyers requiring more dedicated bedrooms or flexible living spaces.

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