2943 Richard Ave, Concord, California 94520, Concord, 94520 - 3 bed, 2 bath
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Concord, California 94520
This Versatile Single-Family Residence is a Strong Value Opportunity, listed at $640,000—positioned well below the $689,460 Fair Market Value by 7%. This valuation gap provides $49,460 in Instant Equity for buyers. Featuring a Condition Rating of 3, the home offers a functional Garage Conversion and seamless Indoor-Outdoor Flow to a 7,000 Sq. Ft. Lot. While local schools have lower performance ratings, the strategic location near major freeways and dining ensures long-term demand. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate value and growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2943 Richard Ave Subject | $640,000* List Price | 3 | 2 | 1,380 | $500 | - |
A 2917 2917 Knoll Dr Sold | $740,000 | 3 | 2 | 1,287 | $575 | 0.3 mi |
B 2831 Richard Ave Sold | $629,000 | 3 | 1 | 1,475 | $426 | 0.1 mi |
C 2819 2819 Kay Ave Sold | $635,000 | 3 | 1 | 1,089 | $583 | 0.1 mi |
D 2748 Eastgate Ave Sold | $680,000 | 4 | 2 | 1,383 | $492 | 0.3 mi |
E 2859 Hillside Avenue Sold | $720,000 | 3 | 2 | 1,478 | $487 | 0.2 mi |
F 2829 Hilltop Road Active | $658,000 List Price | 4 | 2 | 1,298 | $507 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several key updates that elevate it above 'fair' condition. Notable improvements include modern stainless steel kitchen appliances, updated laminate flooring throughout, fresh interior paint, recessed lighting, and a wall-mounted mini-split HVAC system. While the oak cabinetry and bathroom vanities are dated in style, they appear well-maintained, and the overall presentation is clean and functional.
The garage conversion provides a versatile bonus area ideal for a home office, gym, or additional living room, catering to the needs of modern remote workers or growing families.
French doors from both the kitchen and the converted living space open to a generous 7,000 sqft backyard, creating a seamless flow for entertaining and outdoor activities.
Ideally situated in Concord Estates, the property offers excellent proximity to major freeways, diverse dining, and essential shopping, making it a prime spot for commuters.
The assigned elementary and high schools have lower performance ratings (2/10 and 3/10), which may be a deterrent for families prioritizing academic rankings.
Built in 1952 and marketed as having 'potential,' the home likely requires capital investment for updates and repairs to meet contemporary standards beyond the virtual staging.
Welcome to 2943 Richard Ave., a charming home in desirable Concord Estates. Ideally located near shopping, dining, everyday conveniences, and easy freeway access, this property offers both comfort and potential. Step inside to find spacious, light-filled rooms, generously sized bedrooms, and a cozy fireplace perfect for relaxing evenings. French doors from the kitchen and garage conversion open to a large backyard, creating a seamless indoor-outdoor living experience. The garage conversion provides flexible space, ready for your personal touch—ideal for a home office, gym or additional living sapce. A wonderful opportunity to make this home your own—don’t miss it! Some photos have been virtually staged.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 0.7 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 | 1,380 | 1,224.5 | 65% |
| Lot Size | 7,000 | 6,450 | 62% |
| Price | $640.0K | $642.5K | 50% |
| Price per sq ft | $464 | $526 | 23% |
| Built year | 1952 | 1954 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 155 | 2% |
Apr 10, 2026
$640,000
Initial Listing
Sep 16, 2016
$455,000
Public Record
Apr 30, 2009
$195,000
Public Record
May 6, 2005
$450,000
Public Record
Aug 7, 1996
$100,000
Public Record