350 Marina Way S, Richmond, California 94804, Richmond, 94804 - 3 bed, 2 bath
ACTIVE$549,000
350 Marina Way S, Richmond, California 94804
3Beds
2Baths
1,142Sqft
5,140Lot
Price Vs. Estimate
The estimated value ($453,018.86) is $95,981.14 (17%) lower than the list price ($549,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: This tenant-occupied property presents a fantastic opportunity for investors seeking immediate rental income or future homeowners willing to navigate tenant transition.
Top Cons:
Kitchen Requires Updates: The description notes the kitchen is 'functional' but 'ready for your personal touches,' indicating it likely requires modernization and renovation to meet contemporary buyer expectations.
Compared to the nearby listings
Price:$549.0K vs avg $590.0K ($-41,000)37%
Size:1,142 sqft vs avg 1,123 sqft56%
Price/sqft:$481 vs avg $52433%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property is significantly aged. The description explicitly states the kitchen is 'functional' but 'ready for your personal touches,' which strongly implies it is very outdated and requires substantial renovation. While the exterior appears maintained, a home of this vintage with an un-renovated or very old kitchen and bathrooms (implied) will likely need extensive updates to major systems (electrical, plumbing, HVAC) to meet modern standards and comfort, aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation.
Year Built
1955
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$481
HOA
-
Days on market
-
Sold On
-
MLS number
41087120
Home ConditionPoor
Features
Patio
View-
About this home
This tenant occupied home presents a fantastic opportunity for investors or future homeowners. Discover this charming 3-bedroom, 1.5-bath traditional home situated on a 5,150 SF lot, with 1,142 SF of living space. With wood and tile flooring throughout, a spacious living and dining area, and a functional kitchen ready for your personal touches. The primary bedroom boasts a large closet, with an accommodating floor plan. A 2-car garage and extended driveway maximize practicality, while the generous backyard offers space for family gatherings and outdoor entertainment. Located just a short distance from parks, an elementary school, the Richmond Marina, and downtown, this property offers excellent access to amenities.
Nearby schools
3/10
Nystrom Elementary School
Public,•K-6•0.3mi
2/10
Coronado Elementary School
Public,•K-6•0.3mi
1/10
Lovonya Dejean Middle School
Public,•7-8•1.1mi
2/10
Kennedy High School
Public,•9-12•1.4mi
Condition Rating
Poor
Built in 1955, this property is significantly aged. The description explicitly states the kitchen is 'functional' but 'ready for your personal touches,' which strongly implies it is very outdated and requires substantial renovation. While the exterior appears maintained, a home of this vintage with an un-renovated or very old kitchen and bathrooms (implied) will likely need extensive updates to major systems (electrical, plumbing, HVAC) to meet modern standards and comfort, aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation.
Pros & Cons
Pros
Investment Potential: This tenant-occupied property presents a fantastic opportunity for investors seeking immediate rental income or future homeowners willing to navigate tenant transition.
Prime Location & Accessibility: Strategically located a short distance from parks, elementary schools (Nystrom, Coronado), the Richmond Marina, and downtown, offering excellent access to amenities and lifestyle conveniences.
Generous Outdoor Space: Situated on a 5,150 SF lot with a generous backyard, providing ample space for family gatherings, outdoor entertainment, and potential landscaping projects.
Practical Parking Solutions: The property includes a 2-car garage and an extended driveway, maximizing practicality and offering significant off-street parking and storage options.
Durable Flooring: Features wood and tile flooring throughout, offering a combination of aesthetic appeal, durability, and ease of maintenance.
Cons
Kitchen Requires Updates: The description notes the kitchen is 'functional' but 'ready for your personal touches,' indicating it likely requires modernization and renovation to meet contemporary buyer expectations.
Older Home Systems/Potential Maintenance: Built in 1955, the property may have aging systems (e.g., plumbing, electrical, HVAC) and structural components that could necessitate significant maintenance or upgrades in the near future.
Tenant Occupancy for Owner-Occupants: While a strength for investors, tenant occupancy can complicate or delay immediate move-in for prospective owner-occupants, requiring adherence to tenant rights and lease agreements.