
Alameda, California 94501
This Character-Rich 1937 Tudor is a Strong Value Opportunity, listed at $1,397,000—positioned well below the $1,544,352 Fair Market Value by 9%. This valuation gap provides $147,352 in Instant Equity for the incoming buyer. Boasting a Move-In Ready Condition Rating, the home features a versatile split-level layout with a lower-level kitchenette, guest retreat, and detached workshop. Located in the prestigious Fernside District near Top-Rated 9/10 Schools, it balances historic charm with significant financial upside. This is an exceptional acquisition for Owner-Occupants or Value-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2843 Central Ave Subject | $1,397,000* List Price | 3 | 2 | 2,451 | $630 | - |
A 1818 Fremont Dr Sold | $1,620,000 | 3 | 2 | 2,235 | $725 | 0.4 mi |
B 2151 Alameda Avenue Sold | $1,530,000 | 3 | 2 | 2,106 | $726 | 0.8 mi |
C 2829 Otis Dr Sold | $1,200,000 | 3 | 2 | 1,869 | $642 | 0.6 mi |
D 1324 Grove St Pending | $1,695,000 List Price | 4 | 2 | 2,376 | $713 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1937, the property is well-maintained and move-in ready. The kitchen has received a cosmetic refresh with painted cabinetry and newer stainless steel appliances. The original hardwood floors and architectural details are in excellent condition, suggesting a renovation or significant maintenance within the 5-15 year range.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The split-level design features a lower level with a kitchenette, full bath, and separate access, providing excellent potential for an au-pair suite, guest quarters, or a private home office.
Located in the highly desirable Fernside District, the property offers proximity to Park Street amenities and access to top-tier schools, including Alameda High and Lincoln Middle School.
As a 1937 construction, the property may require significant capital investment for seismic retrofitting or updates to aging electrical and plumbing systems common in older homes.
The ratio of only two full bathrooms for a home exceeding 2,400 square feet across multiple levels may be a drawback for larger families or buyers seeking modern convenience.
Sunlight, scale, and a layout that just works. Set in Alameda’s Fernside District, this Tudor-style home delivers character and a split-level layout that gives you both flexibility and separation where it matters. Natural light moves through the home, highlighting warm wood floors and well-proportioned spaces. The main level centers around the living room, with formal dining and a breakfast nook just off the kitchen. Upstairs, two bedrooms share a full bath. The top level is dedicated to the primary suite, paired with a large bonus space ready to adapt to how you live. The lower level opens to a spacious great room with a brick fireplace, kitchenette, and full bath, ideal for extended living, guests, or a private retreat, with direct access to the backyard. Out back, you have space to relax, host, or simply marinate in the Alameda sun. The detached garage includes a dedicated workshop, adding utility well beyond storage. Positioned in the East End, Park Street is just moments away, with South Shore and Webster close behind. Parks, waterfront access, and commuter routes, including the SF Ferry, BART, and AC Transit, are all within reach. 2843 Central Ave delivers on character, layout, and location, exactly where you want to be.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,451 | 1,929 | 71% |
| Lot Size | 4,950 | 4,889.5 | 51% |
| Price | $1.40M | $1.41M | 48% |
| Price per sq ft | $570 | $744 | 16% |
| Built year | 1937 | 1918 | 71% |
| HOA | $10.0 | $0 | 81% |
| Days on market | 5 | 156 | 1% |
Apr 17, 2026
$1,397,000
Initial Listing
Oct 26, 1995
$280,500
Public Record