3452 Capella Lane, Alameda, California 94502, Alameda, 94502 - 3 bed, 3 bath
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3452 Capella Lane
Alameda, California 94502
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,664Sq Ft
1,738Lot Size
Property Price
LIST PRICE$884,000
EST. MARKET VALUE
$937,651
5% BelowMARKET VALUE
SUMMARY
This Turnkey Townhouse is a Strong Value Opportunity, listed at $884,000—positioned well below the $937,651 Fair Market Value by 5%. This valuation gap offers $53,651 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a renovated kitchen, new flooring, and fresh paint. Located on Bay Farm Island near Top-Rated Schools like Amelia Earhart Elementary, this property is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Estimated Market Value
$937,651+$53,651 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Alameda.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3452 Capella Lane Subject 3 bd · 3 ba · 1,664 sqft · $563 | $884,000* List Price | 3 | 3 | 1,664 | $563 | - |
A 1175 Island Dr Sold 3 bd · 3 ba · 1,639 sqft · $511 · 0.4 mi | $837,000 | 3 | 3 | 1,639 | $511 | 0.4 mi |
B 1013 Kingston Lane Sold 3 bd · 3 ba · 2,004 sqft · $497 · 0.1 mi | $995,000 | 3 | 3 | 2,004 | $497 | 0.1 mi |
C 505 Lagunaria Ln Sold 2 bd · 3 ba · 1,534 sqft · $596 · 0.6 mi | $915,000 | 2 | 3 | 1,534 | $596 | 0.6 mi |
D 3227 Santa Cruz Ln Sold 3 bd · 3 ba · 1,628 sqft · $556 · 0.4 mi | $905,775 | 3 | 3 | 1,628 | $556 | 0.4 mi |
E 3218 3218 Fir Ave Sold 3 bd · 3 ba · 1,639 sqft · $586 · 0.4 mi | $960,000 | 3 | 3 | 1,639 | $586 | 0.4 mi |
F 3343 Solomon Ln Sold 3 bd · 3 ba · 1,639 sqft · $543 · 0.3 mi | $890,000 | 3 | 3 | 1,639 | $543 | 0.3 mi |
G 710 Lagunaria Ln Sold 2 bd · 3 ba · 1,534 sqft · $587 · 0.6 mi | $900,000 | 2 | 3 | 1,534 | $587 | 0.6 mi |
H 3430 Camanoe Ln Sold 2 bd · 2 ba · 1,283 sqft · $659 · 0.1 mi | $845,000 | 2 | 2 | 1,283 | $659 | 0.1 mi |
I 114 Lagunaria Ln Active 2 bd · 3 ba · 1,534 sqft · $518 · 0.6 mi | $795,000 List Price | 2 | 3 | 1,534 | $518 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While built in 1973, the property has undergone a comprehensive renovation within the last 5 years, featuring a brand new kitchen with quartz countertops and modern cabinetry, new luxury vinyl plank flooring, new carpeting, and fresh interior paint, making it fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
- Exceptional Financing Opportunity
The property features an assumable VA loan at a 2.75% interest rate, providing a rare opportunity for qualified buyers to save significantly on monthly mortgage payments compared to current market rates.
- Turn-Key Interior Updates
The home is move-in ready with high-quality upgrades, including a remodeled kitchen with quartz countertops, new luxury vinyl plank flooring, fresh carpeting, and a modern neutral paint palette throughout.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The association fee of $580 per month is relatively high, which increases the total monthly carrying cost and may impact the purchasing power of budget-conscious buyers.
- Limited Private Lot Size
With a lot size of just 1,738 square feet, the property offers minimal private outdoor space, which may be a drawback for buyers seeking a traditional backyard or significant gardening area.
About 3452 Capella Lane
Move-in ready and thoughtfully updated, this home offers an updated kitchen with new cabinets, quartz counters, a welcoming fireplace, new luxury vinyl plank floors and new carpeting, effortless indoor–outdoor living with dual patio sliders off the living room. Upstairs, you’ll find three generously sized bedrooms with lots of natural light. Freshly painted through-out. Attention MILITARY! Assumable VA loan of approx $638,000 at 2.75% interest! If qualified you can potentially save over $1,000 a month in house payments compared to today's mortgage rates. Not military? This house is still for youIdeally located on Bay Farm Island, this home offers convenience, just minutes to award-winning schools, scenic parks, six miles of Bay trails, local shops and dining, Oakland airport, golf courses, public transportation, and the SF Ferry. Community amenities include a pool, clubhouse, and beautifully maintained greenbelts.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1973
- Lot Size
- 1,738 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $580.0 / Month
Neighborhood Insights
Alameda Unified Schools
Amelia Earhart Elementary School
Grades K-5 • 0.9 mi
9/10
Futures Elementary School
Grades K-5 • 3.1 mi
2/10
Community United Elementary School
Grades K-5 • 3.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 3.0 | 2.9 |
| Square foot | 1,664 | 1,588.28 |
| Lot Size | 1,738 | 1,775.2 |
| Price | $884.0K | $870.6K |
| Price per sq ft | $531 | $579 |
| Built year | 1973 | 1972 |
| HOA | $580.0 | $586 |
| Days on market | 22 | 41 |
Pricing History
Listed for Sale
Oct 2, 2026
$884,000
Initial Listing
Sold
Aug 29, 2017
$710,000
Public Record
Sold
Mar 14, 2017
$515,000
Public Record