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

2962 2962 Piedmont Ave, Berkeley, California 94705 home-pic-0

2962 2962 Piedmont Ave

Berkeley, California 94705

ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,376Sq Ft
4,250Lot Size

Property Price

LIST PRICE$1,895,000
EST. MARKET VALUE
$2,047,420
7% BelowMARKET VALUE

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

$2,047,420 +$152,420 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Berkeley.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2962 2962 Piedmont Ave
Subject
$1,895,000*
List Price
332,376$862-
A
2636 Alcatraz Ave
Sold
$2,050,000432,273$9020.4 mi
B
3033 Regent St
Sold
$2,100,000422,266$9270.3 mi
C
3046 3046 Deakin St
Active
$1,595,000
List Price
421,911$8350.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

6/10

Emerson Elementary School

Grades K-5 • 0.4 mi

7/10

Leconte Elementary School

Grades K-5 • 0.6 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
38%
Baths3.03.0
50%
Square foot2,3762,528
41%
Lot Size4,2506,000
21%
Price$1.90M$2.15M
34%
Price per sq ft$798$902
38%
Built year19191922
45%
HOA$0$0
50%
Days on market3164
3%

Pricing History

Listed for Sale

Mar 4, 2026

$1,895,000

Initial Listing

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