402 Baywood Rd, Alameda, California 94502, Alameda, 94502 - 3 bed, 3 bath
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Alameda, California 94502
This property presents a High-Potential Investment Opportunity with a List Price of $695,000—positioned well below the $710,564 Fair Market Value by 2%. This valuation gap offers $15,564 in Instant Equity for the buyer. With a Condition Rating of 5, the home serves as a value-add asset in the sought-after Harbor Bay Isle community. Proximity to Top-Rated Schools like Amelia Earhart Elementary and Alameda High ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic entry into a premium neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 Baywood Rd Subject | $695,000* List Price | 3 | 3 | 1,725 | $412 | - |
A 109 Holly Oak Ln Sold | $772,000 | 2 | 3 | 1,534 | $503 | 0.0 mi |
B 202 Baywood Rd Pending | $769,000 List Price | 3 | 2 | 1,492 | $515 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old) with no mention of renovations to the kitchen, bathrooms, or major systems. Marketed as a tenant-occupied investment opportunity, which typically indicates a dated interior requiring significant updates or rehab to meet modern standards.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Situated in the highly sought-after Harbor Bay Isle, this property offers access to top-rated schools including Amelia Earhart Elementary and Alameda High, significantly bolstering long-term value.
As a corner unit, the home provides enhanced privacy and superior natural light compared to interior models, creating a more bright and inviting living environment.
The association fee of $730 per month is relatively high, which may impact a buyer's monthly debt-to-income ratio and overall affordability.
Being currently tenant-occupied may present challenges for buyers seeking immediate possession or those wanting to perform significant cosmetic updates prior to moving in.
Welcome to 402 Baywood Drive in the highly sought-after Baywood Village community of Harbor Bay Isle! This desirable corner-unit townhome offers 3 spacious bedrooms and 2.5 bathrooms, combining comfort, functionality, and location. Currently tenant-occupied, this property presents a fantastic investment opportunity or a chance to secure your future home in one of Alameda’s most desirable neighborhoods. Enjoy abundant natural light, added privacy as a corner unit, and a well-designed layout ideal for modern living. Located just moments from top-rated schools, scenic parks, and beautiful waterfront trails, you’ll experience the very best of Alameda living right outside your door. Baywood Village offers a peaceful, well-maintained setting while still providing convenient access to shopping, dining, and commuter routes. Don’t miss this opportunity to own in Harbor Bay Isle—where community, convenience, and lifestyle come together.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 3.4 mi
Grades K-5 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,725 | 1,606 | 81% |
| Lot Size | 1,700 | 1,694 | 63% |
| Price | $695.0K | $855.0K | 13% |
| Price per sq ft | $403 | $543 | 3% |
| Built year | 1979 | 1970 | 88% |
| HOA | $730.0 | $583 | 84% |
| Days on market | 38 | 101 | 6% |
May 8, 2026
$695,000
Initial Listing
Oct 1, 1979
$131,500
Public Record