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2823 11th Ave C, Oakland, California 94610, Oakland, 94610 - 2 bed, 1 bath

2823 11th Ave C, Oakland, California 94610 home-pic-0
ACTIVE$395,000
2823 11th Ave C, Oakland, California 94610
2Beds
1Bath
750Sqft
9,515Lot

Price Vs. Estimate

The estimated value ($399,000) is $4,000 (1%) lower than the list price ($395,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Community Amenities: The property is part of a vibrant co-housing community offering multiple common spaces including dining areas, a gym, kid's play area, and office, fostering a unique communal living experience.
Top Cons:
Tenancy-in-Common (TIC) Structure: The property is part of a newly formed TIC community, which may present challenges with financing options and is a less conventional ownership model compared to traditional condominiums.

Compared to the nearby listings

Price:$395.0K vs avg $440.0K ($-45,000)40%
Size:750 sqft vs avg 937 sqft30%
Price/sqft:$527 vs avg $49764%

More Insights

Built in 1927 (98 years old).
Condition: Despite being built in 1927, the property boasts a recently renovated kitchen and bath, as stated in the description and evidenced by the images. The kitchen features modern white flat-panel cabinetry, recessed lighting, contemporary white appliances, and clean countertops and backsplash. Hardwood floors are present throughout the main living areas, appearing well-maintained. The overall aesthetic is fresh, clean, and move-in ready, indicating a significant and recent update that meets current quality standards.
Year Built
1927
Close
-
List price
$395K
Original List price
$399K
Price/Sqft
$527
HOA
$754
Days on market
-
Sold On
-
MLS number
41098612
Home ConditionExcellent
Features
Good View: Bay, City Lights
Deck
ViewBay,City Lights

About this home

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
Excellent
Despite being built in 1927, the property boasts a recently renovated kitchen and bath, as stated in the description and evidenced by the images. The kitchen features modern white flat-panel cabinetry, recessed lighting, contemporary white appliances, and clean countertops and backsplash. Hardwood floors are present throughout the main living areas, appearing well-maintained. The overall aesthetic is fresh, clean, and move-in ready, indicating a significant and recent update that meets current quality standards.
Pros & Cons

Pros

Extensive Community Amenities: The property is part of a vibrant co-housing community offering multiple common spaces including dining areas, a gym, kid's play area, and office, fostering a unique communal living experience.
Renovated Interior & Private Outdoor Space: Unit C features a renovated kitchen and bath, an open floorplan, and a private deck, providing modern comfort and personal outdoor enjoyment.
Historic Architectural Charm: Built in 1927, the home retains desirable architectural details such as 1920s tile, fireplace surrounds, high ceilings, floor-to-ceiling windows, and hardwood floors, offering significant character.
Desirable Views: The property boasts delightful Bay and City Lights views, enhancing its appeal and providing a scenic living environment.
Prime Location & Park-like Setting: Situated on top of Bella Vista Hill within a fantastic park-like setting, offering a serene and elevated living experience in Oakland.

Cons

Tenancy-in-Common (TIC) Structure: The property is part of a newly formed TIC community, which may present challenges with financing options and is a less conventional ownership model compared to traditional condominiums.
High Monthly Association Fee: A monthly association fee of $754 is substantial, particularly for a 750 sqft unit, and could impact affordability and long-term ownership costs.
Compact Living Space: With 750 square feet, the unit offers a relatively compact living area, which might be a limiting factor for buyers seeking more expansive space, especially for a 2-bedroom layout.

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