34701 Alvarado Niles Rd 2, Union City, California 94587, Union City, 94587 - 2 bed, 1 bath
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Union City, California 94587
Analysis of 34701 Alvarado Niles Rd 2, Union City, California 94587 reveals a Prime Investment Opportunity with a current list price of $499,888—significantly undercutting the $523,388 Fair Market Value by 4%. This valuation gap indicates a +$23,500 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Union City 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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 34701 Alvarado Niles Rd 2 Subject | $500,000 | 2 | 1 | 903 | $580 | - |
A 34806 Starling Dr 3 Sold | $490,000 | 2 | 1 | 903 | $543 | 0.2 mi |
B 34749 Alvarado Niles Rd 4 Sold | $412,000 | 2 | 1 | 798 | $516 | 0.1 mi |
C 213 Ladera Plz Sold | $430,000 | 2 | 1 | 685 | $628 | 1.0 mi |
D 261 Famoso Plaza Sold | $510,000 | 2 | 2 | 880 | $580 | 1.0 mi |
E 138 Donoso Sold | $499,000 | 2 | 2 | 880 | $567 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1972, this property has undergone an extensive and high-quality renovation, as evidenced by the detailed description and images. The kitchen features new custom cabinets, quartz countertops, new stainless steel smart appliances, and subway tile backsplash. The bathroom boasts a new smart bidet toilet, modern vanity, LED mirror, and a fully upgraded designer shower. The entire home has new waterproof wood plastic composite flooring, fresh paint, dual-pane windows, new recessed lighting, and smart home features like a fingerprint lock and USB outlets. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, indicating a full renovation within the last 5 years.
The kitchen boasts custom cabinets with LED lights, quartz countertops, new pendant lights, and new smart stainless steel appliances including an induction range, counter-depth refrigerator, dishwasher, and range hood, along with a new sink, faucet, water filter, and garbage disposal.
The bathroom features a high-tech OVE Tankless Smart Bidet Toilet, new vanity, sink, faucets, LED mirror, and a fully upgraded designer shower with a new pan, door, and tiles.
The entire home has fresh paint, waterproof Wood Plastic Composite flooring, dual-pane insulated windows, a stylish modern frosted fiberglass front door, and new recessed and ceiling lights.
Built in 1972, the underlying building structure is over 50 years old, which may imply potential for older common areas or infrastructure not covered by the interior unit renovation.
A significant monthly association fee of $385.00 adds a recurring cost to homeownership, which can impact affordability and budget.
The property description highlights heating but does not mention a cooling system, which could be a notable drawback during warmer months in California.
Renovated Luxury and Modern Style: Gourmet kitchen boasting Custom Cabinets w/ LED lights & Quartz countertop accented by New pendant lights. Stainless steel appliances include New Smart Instant Heat Induction Slide-in Range with oven, New Counter-Depth Refrigerator, New Smart Stainless Steel Dishwasher and New Range Hood. Remodeled Kitchen features a new sink, faucet, water filter, garbage disposal & subway-tiled walls w/ GFCI outlet. Remodeled Bathroom features OVE Tankless Smart Bidet Toilet, New vanity, New sink, New faucets, New LED mirror. Designer Shower is fully upgraded with a new shower pan, door and tiles. Fresh Paint the entire home. Waterproof Wood Plastic Composite Floor throughout. Dual-pane insulated windows. Stylish modern frosted fiberglass front door. New recessed lights and Ceiling lights. New fingerprint smart lock, New video intercom doorbell, USB charger outlets (Type A&C) in every room. New 100W in-wall bluetooth receiver w/ built-in amplifier, New 500W in-ceiling stereo system with Sub. Short walk to bart, shoppings, stores, restaurants, banks. Convenient access to Hwy 84 & 880, Facebook, Google, Peninsula.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 903 | 897 | 55% |
| Lot Size | - | 11,885 | 18% |
| Price | $500.0K | $490.0K | 55% |
| Price per sq ft | $554 | $585 | 36% |
| Built year | 1972 | 1985 | 27% |
| HOA | $385.0 | $499 | 18% |
| Days on market | 442 | 151 | 0% |
No pricing history data available.