2962 2962 Piedmont Ave, Berkeley, California 94705, Berkeley, 94705 - 3 bed, 3 bath

2962 2962 Piedmont Ave
Berkeley, California 94705
Property Price
SUMMARY
Analysis of 2962 2962 Piedmont Ave, Berkeley, California 94705 reveals a Prime Investment Opportunity with a current list price of $1,895,000—significantly undercutting the $2,047,420 Fair Market Value by 7%. This valuation gap indicates a +$152,420 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2962 2962 Piedmont Ave Subject | $1,895,000* List Price | 3 | 3 | 2,376 | $862 | - |
A 2636 Alcatraz Ave Sold | $2,050,000 | 4 | 3 | 2,273 | $902 | 0.4 mi |
B 3033 Regent St Sold | $2,100,000 | 4 | 2 | 2,266 | $927 | 0.3 mi |
C 3046 3046 Deakin St Active | $1,595,000 List Price | 4 | 2 | 1,911 | $835 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1919 historic home is in move-in ready condition with significant high-value updates. Key structural improvements include a new roof, gutters, and an updated foundation. The interior features a modernized kitchen with Corian counters and updated bathrooms with new vanities, while successfully preserving original architectural character such as hardwood floors, exposed beam ceilings, and stained glass. While not a brand-new construction, the property has been extensively maintained and updated to meet modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Architectural Integrity
This 1919 grand brown shingle preserves its original character with pocket doors, stained glass, and exposed beam ceilings, offering a rare level of craftsmanship and aesthetic appeal.
- Coveted Elmwood Location
Situated just two blocks from the vibrant Ashby and College Avenue corridor, the property offers exceptional walkability and access to top-rated Berkeley schools and local amenities.
- Key Structural Upgrades
Recent investments in a new roof, updated foundation, and a modernized kitchen with a butler’s pantry blend historic charm with essential structural reliability for peace of mind.
CONSRISKS & DEFICIENCIES
- Low Energy Efficiency Score
With a BESO score of 4, the home may require additional weatherization or system upgrades to improve energy performance and meet modern efficiency expectations.
- Unverified Bonus Space
The inclusion of a bonus sunroom with a disclaimer for the buyer to investigate suggests potential permitting issues or non-conforming square footage that may affect financing or future use.
About 2962 2962 Piedmont Ave
Grand brown shingle in Berkeley’s coveted Elmwood neighborhood, just two blocks from Ashby and College. A charming front yard leads to a stately porch with custom redwood railing and wisteria-draped pergola. A dramatic entry hall with sweeping staircase is framed by pocket doors opening to the living and dining rooms, both featuring rich hardwood floors and exposed beam ceilings. The light-filled, extra-long living room centers around a classic fireplace, while the formal dining room showcases original built-in cabinetry. Original stained glass adorns multiple doors throughout. The updated kitchen offers modern cabinetry, Corian counters, classic Wedgewood, and separate butler’s pantry, plus an eat-in kitchen room overlooking the backyard. A den tucked beneath the stairs and a half bath complete the main floor. Upstairs, the spacious primary suite boasts two walls of windows, large closet and new custom vanity. The second bedroom opens to a second-story deck. An updated hall bath, bonus sunroom* and third bedroom round out the upper level. The private, fenced backyard features a cobblestone patio, mature lemon tree and back deck, while a detached one-car garage offers potential. New roof & gutters, updated foundation, fresh paint inside & out. BESO score 4. *Buyer to investigate.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1919
- Lot Size
- 4,250 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
John Muir Elementary School
Grades K-5 • 0.3 mi
Emerson Elementary School
Grades K-5 • 0.4 mi
Leconte Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,376 | 2,528 | 41% |
| Lot Size | 4,250 | 6,000 | 21% |
| Price | $1.90M | $2.15M | 34% |
| Price per sq ft | $798 | $902 | 38% |
| Built year | 1919 | 1922 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 164 | 3% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,895,000
Initial Listing
























































