322 Hanover Avenue 511, Oakland, California 94606, Oakland, 94606 - 2 bed, 2 bath
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Oakland, California 94606
This Turnkey Condominium is a Strong Value Opportunity, listed at $650,000—positioned well below the $654,551 Fair Market Value by 0.7%. This property offers $4,551 in Instant Equity. Featuring a Condition Rating of 3, the unit boasts a modern updated kitchen with quartz counters and a private balcony with mountain views. Located just two blocks from Lake Merritt, it provides a premium lifestyle. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 322 Hanover Avenue 511 Subject | $650,000* List Price | 2 | 2 | 1,037 | $631 | - |
A 322 Hanover Ave 513 Sold | $695,000 | 2 | 2 | 1,022 | $680 | 0.0 mi |
B 400 Wayne Ave 1 Sold | $525,000 | 2 | 1 | 821 | $639 | 0.1 mi |
C 260 Brooklyn Basin Way 400 Pending | $584,900 List Price | 2 | 2 | 1,078 | $543 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1984, the unit features a modern updated kitchen with quartz countertops, stainless steel appliances, and recessed lighting. The bathrooms have been refreshed with granite counters, and the interior shows well-maintained wood flooring and carpet, making it move-in ready and consistent with a 5-15 year renovation cycle.
Elementary School: Crocker Highlands Elementary School (9/10).
Situated just two blocks from Lake Merritt, the property offers immediate access to one of Oakland's most iconic recreational areas and vibrant social scenes.
The unit features a fully updated kitchen with quartz countertops and stainless steel appliances, along with a functional dual-suite layout and in-unit laundry.
The association fee of $745 per month is relatively high, which may impact the overall monthly affordability and debt-to-income ratio for some buyers.
While some local elementary schools are highly rated, several assigned middle and high schools in the district have lower performance scores, which may deter families.
Top-floor living with city/mountain view, just two blocks from the energy and beauty of Lake Merritt. 1,037 square foot condo with 2 Bedrooms (1 primary suite), and 2 bathrooms (both with dual sinks, granite counter, and shower over tub). The updated kitchen has sleek black cabinets, quartz counters, breakfast bar, stainless steel appliances and recessed lights. The living room offers a cozy fireplace, wood floors, and a private balcony for enjoying the view. Set within a secure, elevator building, it also includes the everyday convenience of in-unit laundry, and a dedicated parking space in the underground garage and guest parking spaces. Central location to major commute routes. Don't miss the opportunity to live just steps away from Lake Merritt and all it has to offer!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,037 | 1,032 |
| Lot Size | - | 17,988 |
| Price | $650.0K | $523.2K |
| Price per sq ft | $627 | $487 |
| Built year | 1984 | 1975 |
| HOA | $745.0 | $730 |
| Days on market | 26 | 53 |
Jun 26, 2026
$650,000
Initial Listing
Sep 10, 2015
$630,000
Public Record