408 Cornell Avenue, Albany, California 94706, Albany, 94706 - 2 bed, 1 bath
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Albany, California 94706
This Spanish Mediterranean MacGregor home is a Strong Value Opportunity, listed at $798,000—positioned well below the $804,176 Fair Market Value by 0.77%. This valuation gap offers $6,176 in Instant Equity. Featuring a Condition Rating of 4, the home offers original character with significant ADU potential on its 4,200 sqft lot. Located in the top-tier Albany School District near Albany High (9/10), this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 Cornell Avenue Subject | $798,000* List Price | 2 | 1 | 910 | $884 | - |
A 1231 Brighton Ave Pending | $949,000 List Price | 3 | 1 | 1,008 | $941 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939 and featuring mostly original character like hardwood floors and tile, the home is well-maintained and move-in ready but dated. With no mention of recent major renovations to systems, kitchen, or baths, it falls into the category of properties over 20 years old needing modern updates.
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
Boasting an exceptional Walk Score of 95, the property is ideally situated near Solano Avenue, BART, and local parks, offering unparalleled convenience for urban living.
The home is located within the highly coveted Albany school district, with both Albany High and Albany Middle School receiving top-tier ratings of 9/10.
With only 910 square feet of interior living area, the home's compact footprint may feel restrictive for growing families or those requiring more storage.
The presence of only one bathroom can be a significant drawback for multi-occupant households and may impact the property's competitive edge in the local market.
Located in Albany with an exceptional Walk Score of 95, 408 Cornell Avenue is a 1939 Spanish Mediterranean MacGregor home blending timeless character with everyday convenience. Built by renowned developer Charles MacGregor, this iconic home is cherished for it's distinctive architecture, original hardwood floors, charming split-level design, and signature entryway featuring original tile details. This inviting residence offers one bedroom and one bathroom on the main level, plus an additional split-level bedroom, creating living space filled with warmth and character. The front yard is accented by two beautiful and mature purple Jacaranda trees, that creates not only a gorgeous view from the living room window but privacy and shade. Set on a generous 4,200 square foot lot with a wide side setback, the property offers exciting possibilities for an ADU or future expansion. Additional features include an attached one-car garage, off-street parking, and close proximity to Solano Avenue, El Cerrito Plaza, BART, parks, shopping, freeways, and highly rated Albany schools. Sunday Opens 5/31 and 6/7 2-4:30pm.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 910 | 1,478 | 8% |
| Lot Size | 4,200 | 3,800 | 67% |
| Price | $798.0K | $1.50M | 5% |
| Price per sq ft | $877 | $1.0K | 21% |
| Built year | 1939 | 1930 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 101 | 3% |
May 27, 2026
$798,000
Initial Listing