3306 Market Street, Emeryville, California 94608, Emeryville, 94608 - 4 bed, 4 bath
ACTIVE$615,000
3306 Market Street, Emeryville, California 94608
4Beds
4Baths
2,000Sqft
3,935Lot
Price Vs. Estimate
The estimated value ($615,000) is $0 (0%) lower than the list price ($615,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income/ADU Potential: The property features two kitchens, indicating a clear setup for an Accessory Dwelling Unit (ADU) or rental income, significantly enhancing its value and flexibility for owners.
Top Cons:
Unpermitted Renovations: Significant portions of the living space, including the upstairs and basement/converted garage, were finished without the benefit of a permit, posing potential legal, safety, and resale challenges.
Compared to the nearby listings
Price:$615.0K vs avg $810.0K ($-195,000)25%
Size:2,000 sqft vs avg 1,320 sqft86%
Price/sqft:$308 vs avg $5596%
More Insights
Built in 1907 (118 years old).
Condition: Despite some cosmetic updates in the kitchens and bathrooms (which appear to be 10-15 years old with dark cabinets, subway tile, and LVP flooring in some areas), the property was built in 1907. The description explicitly states that significant portions of the living space, including the upstairs and basement, were finished without permits. This unpermitted work, combined with the inherent age of the structure, suggests substantial underlying issues with major systems (plumbing, electrical, HVAC, foundation) that likely require significant repairs and rehabilitation. The visible wear on the original hardwood floors further indicates deferred maintenance. The potential safety, legal, and structural concerns arising from unpermitted renovations on such an old property warrant a 'Poor' rating.
Year Built
1907
Close
-
List price
$615K
Original List price
$699K
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015247
Home ConditionPoor
Features
View-
About this home
Welcome to a wonderful opportunity to own this wonderful Victorian home on the Oakland/Emeryville border offering 4 Bedroom 3 baths, 2 kitchens for possible ADU or Rental unit. Home has over 2000 sq feet of finished living space including the upstairs and the basement (garage has been converted) the upstairs and the basement have been finished without the benefit of a permit. Conveniently located near Berkeley Bowl, Townhouse, Wondrous Brewing, and Cafe Colucci, you're also close to Stanford Health Care, Kaiser Permanente, and major commuter options including BART and freeway access. This North Oakland gem offers comfort and convenience, in a vibrant neighborhood. Seller will carry financing for investors with 35% down!
Condition Rating
Poor
Despite some cosmetic updates in the kitchens and bathrooms (which appear to be 10-15 years old with dark cabinets, subway tile, and LVP flooring in some areas), the property was built in 1907. The description explicitly states that significant portions of the living space, including the upstairs and basement, were finished without permits. This unpermitted work, combined with the inherent age of the structure, suggests substantial underlying issues with major systems (plumbing, electrical, HVAC, foundation) that likely require significant repairs and rehabilitation. The visible wear on the original hardwood floors further indicates deferred maintenance. The potential safety, legal, and structural concerns arising from unpermitted renovations on such an old property warrant a 'Poor' rating.
Pros & Cons
Pros
Income/ADU Potential: The property features two kitchens, indicating a clear setup for an Accessory Dwelling Unit (ADU) or rental income, significantly enhancing its value and flexibility for owners.
Prime Location & Amenities: Strategically located on the Oakland/Emeryville border, offering convenient access to popular local establishments like Berkeley Bowl, Townhouse, Wondrous Brewing, and Cafe Colucci, within a vibrant neighborhood.
Exceptional Commuter Access: Benefits from proximity to major commuter options including BART and freeway access, alongside essential services such as Stanford Health Care and Kaiser Permanente.
Historic Victorian Charm: As a 'wonderful Victorian home' built in 1907, it possesses unique architectural character and historical appeal, which can be a strong draw for specific buyers.
Investor-Friendly Financing: The seller's offer to carry financing for investors with 35% down provides a flexible and attractive option, potentially broadening the buyer pool for investment purposes.
Cons
Unpermitted Renovations: Significant portions of the living space, including the upstairs and basement/converted garage, were finished without the benefit of a permit, posing potential legal, safety, and resale challenges.
Price Reduction History: A notable price reduction from the original list price suggests either initial overpricing or difficulty in attracting buyers at the higher valuation, which could indicate market resistance.
Age-Related Maintenance/Systems: Built in 1907, the Victorian home may require substantial investment in updating older systems (e.g., plumbing, electrical, HVAC, foundation) and ongoing maintenance typical of historic properties.