361 Hanover Avenue, Oakland, California 94606, Oakland, 94606 - 5 bed, 3 bath
ACTIVE$899,000$2,411/sqft
Est. Value: $840,999
-6%
AboveEstimate
361 Hanover Avenue, Oakland, California 94606
5Beds
3Baths
2,411Sqft
7,250Lot
Price Vs. Estimate
The estimated value ($840,999.435) is $58,000.565 (6%) lower than the list price ($899,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Crocker Highlands Elementary School (9/10).
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2411, other record living area = 2248.
Compared to the nearby listings
Price:$899.0K vs avg $722.5K (+$176,500)70%
Size:2,411 sqft vs avg 1,423 sqft83%
Price/sqft:$373 vs avg $47223%
More Insights
Built in 1913 (113 years old).
Condition: This 1913 Craftsman-era home explicitly states 'Bring your contractor and your imagination,' indicating a need for substantial repairs and rehabilitation. The kitchen features severely outdated light wood cabinets, pink laminate countertops, old appliances (including a vintage double oven and cooktop), and dated linoleum flooring. Bathrooms are equally outdated with vintage tile, basic fixtures, and an old shower stall. Throughout the home, hardwood floors are heavily worn and scratched, carpets are old and stained, walls show cracks and peeling paint, and light fixtures are dated. Major systems (electrical, plumbing, HVAC) are likely original or very old, requiring extensive upgrades. The property is functional but in a state that would be very uncomfortable for modern living without significant investment.
Year Built
1913
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
41121152
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Bring your contractor and your imagination to this classic 5 bed / 2.5 bath Craftsman-era home in Oakland’s lively Lake Merritt neighborhood. This 2411 SQFT home on a large flat and gently downsloping lot is a rare opportunity for an owner or investor. From the covered porch, step inside the gracious foyer with its coffered ceiling, wainscoting, and grand staircase. The home’s vintage 1913 architectural details can be found throughout. Hardwood floors span into the sunny living room with picture windows, coved ceilings, a fireplace, built-in shelves and window seating. The dining room has a wall of windows with views of the backyard and the East Bay hills. The spacious kitchen, breakfast nook, and powder room are all adjacent. From the kitchen, take the stairs down to find two bedrooms, bonus rooms, laundry room and plenty of space for storage or expansion. A door to the backyard for easy indoor/outdoor living. Tucked away for privacy, the three upstairs bedrooms have roomy closets and big windows. A 2-car garage and driveway provide off-street parking. Out the front door, enjoy all that the Grand Lake area has to offer - dining, shopping, gyms, Whole Foods/Trader Joe’s, Saturday Farmers Market, nearby BART and Transbay buses, & wonderful Lake Merritt.
D
David Gunderman
Listing Agent
Nearby schools
7/10
Cleveland Elementary School
Public,•K-5•0.3mi
3/10
Franklin Elementary School
Public,•K-5•0.7mi
4/10
Bella Vista Elementary School
Public,•K-5•0.7mi
8/10
Lincoln Elementary School
Public,•K-5•1.0mi
9/10
Crocker Highlands Elementary School
Public,•K-5•1.4mi
3/10
Garfield Elementary School
Public,•K-5•1.4mi
3/10
Manzanita Seed
Public,•K-5•1.6mi
5/10
Glenview Elementary School
Public,•K-5•1.7mi
2/10
Piedmont Avenue Elementary School
Public,•K-5•1.8mi
3/10
International Community School
Public,•K-5•1.9mi
5/10
Think College Now School
Public,•K-5•1.9mi
6/10
Henry Haight Elementary School
Public,•K-5•2.3mi
3/10
La Escuelita Elementary School
Public,•K-8•0.6mi
2/10
Westlake Middle School
Public,•6-8•1.0mi
6/10
Edna Brewer Middle School
Public,•6-8•1.1mi
4/10
Roosevelt Middle School
Public,•6-8•1.1mi
4/10
Urban Promise Academy
Public,•6-8•2.0mi
3/10
United For Success Academy
Public,•6-8•2.2mi
2/10
Bret Harte Middle School
Public,•6-9•2.4mi
5/10
Will C. Wood Middle School
Public,•6-8•2.9mi
4/10
Oakland High School
Public,•9-12•0.7mi
7/10
Oakland Technical High School
Public,•9-12•2.0mi
2/10
Oakland International High School
Public,•9-12•2.2mi
2/10
Fremont High
Public,•9-12•3.0mi
7/10
Encinal Junior/Senior High
Public,•6-12•3.0mi
4/10
Skyline High School
Public,•9-12•4.7mi
Condition Rating
Poor
This 1913 Craftsman-era home explicitly states 'Bring your contractor and your imagination,' indicating a need for substantial repairs and rehabilitation. The kitchen features severely outdated light wood cabinets, pink laminate countertops, old appliances (including a vintage double oven and cooktop), and dated linoleum flooring. Bathrooms are equally outdated with vintage tile, basic fixtures, and an old shower stall. Throughout the home, hardwood floors are heavily worn and scratched, carpets are old and stained, walls show cracks and peeling paint, and light fixtures are dated. Major systems (electrical, plumbing, HVAC) are likely original or very old, requiring extensive upgrades. The property is functional but in a state that would be very uncomfortable for modern living without significant investment.
Pros & Cons
Pros
Great Schools: Elementary School: Crocker Highlands Elementary School (9/10).
Prime Location: Situated in Oakland's lively Lake Merritt neighborhood, offering excellent walkability and access to a vibrant array of dining, shopping, grocery stores (Whole Foods/Trader Joe’s), Saturday Farmers Market, and convenient public transit (BART & Transbay buses).
Classic Architectural Charm: A classic 1913 Craftsman-era home featuring preserved vintage architectural details such as a gracious foyer with coffered ceiling, wainscoting, a grand staircase, hardwood floors, coved ceilings, a fireplace, built-in shelves, and window seating, appealing to buyers seeking historic character.
Generous Space & Expansion Potential: Boasts 2411 SQFT with 5 bedrooms and 2.5 bathrooms on a large, flat and gently downsloping lot. Includes bonus rooms and ample space for storage or future expansion, offering flexibility for various living arrangements or value-add projects.
Off-Street Parking: Provides valuable off-street parking with a 2-car garage and a driveway, a significant advantage in an urban setting like Oakland.
Investment Opportunity: Presented as a 'rare opportunity for an owner or investor,' indicating strong potential for customization, renovation, and future value appreciation in a desirable neighborhood.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2411, other record living area = 2248.
Requires Significant Renovation: The listing explicitly states 'Bring your contractor and your imagination,' implying the property is not move-in ready and requires substantial investment for updates and modernization to meet contemporary standards.
Dated Systems & Condition: Built in 1913, the home likely retains original or older systems (plumbing, electrical, HVAC) and finishes that will require upgrading, contributing to higher maintenance costs and renovation expenses.
Potential for High Renovation Costs: Given the age and the need for a contractor, prospective buyers should anticipate significant renovation costs to bring the property to modern functional and aesthetic standards, which could be a barrier for some.