4224 Lincoln Ave, Oakland, California 94602, Oakland, 94602 - 2 bed, 1 bath
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Oakland, California 94602
This Modernized REO Residence is a Strong Value Opportunity, listed at $949,900—positioned well below the $968,632 Fair Market Value by 1%. This valuation gap offers $18,732 in Instant Equity. Boasting a Condition Rating of 3, the home features a renovated stone kitchen, hardwood floors, and city light views from the rear deck. The lower-level bonus suite with a private entrance provides excellent "house-hack" potential. Located near Sequoia Elementary, this is a strategic acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4224 Lincoln Ave Subject | $949,900* List Price | 2 | 1 | 1,124 | $862 | - |
A 2550 Carmel St Sold | $835,000 | 2 | 1 | 1,065 | $784 | 0.3 mi |
B 3927 3927 Canon Ave Sold | $1,025,000 | 2 | 1 | 1,136 | $902 | 0.7 mi |
C 3942 3942 Woodruff Ave Sold | $1,100,000 | 2 | 1 | 1,136 | $968 | 0.9 mi |
D 2457 Scenic Ave Sold | $998,000 | 2 | 1 | 1,142 | $874 | 0.5 mi |
E 2510 Delmer St Sold | $755,000 | 2 | 1 | 1,217 | $620 | 0.3 mi |
F 2833 2833 Morgan Avenue Sold | $1,200,000 | 3 | 2 | 1,282 | $936 | 0.3 mi |
G 3292 Jordan Rd Pending | $899,000 List Price | 2 | 1 | 1,235 | $728 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition following significant recent interior updates. The kitchen has been modernized with contemporary two-tone cabinetry, stone countertops, a subway tile backsplash, and stainless steel appliances. The home features well-maintained original hardwood floors, recessed lighting, and newer windows. While the interior finishes are high-quality, the 1941 build date, the 'as-is' REO status, and the unverified permit status of the downstairs bonus area prevent it from reaching the 'excellent' tier, which requires all components to be virtually new.
The property features a contemporary updated kitchen with stone countertops and stainless steel appliances, complemented by hardwood flooring and recessed lighting throughout.
The lower level includes a bonus room and bathroom with a private entrance, offering significant potential for a home office, guest suite, or rental opportunity.
The kitchen flows seamlessly onto a rear deck, providing an ideal space for entertaining while enjoying the property's city light views.
The downstairs living area and bathroom lack permit verification, which may present challenges for financing, insurance, or future resale value.
As a bank-owned property sold in 'as-is' condition, buyers should anticipate potential deferred maintenance and a lack of traditional seller disclosures.
This home offers two bedroom and one bathroom, approximately 1,124 sq ft of living space. built in 1941, situated on a 5,000 sq ft lot. The updated kitchen features stone countertops, newer cabinetry, stainless steel appliances and the kitchen opens out to rear deck, hardwood flooring, recessed lighting, newer windows, a fireplace and a one car attached garage. The downstairs level has a bonus room, bathroom and a private entrance. Permits for this space have not been verified. “This property is eligible under the Freddie Mac First Look Initiative through 5/15/26. This property is an REO/Bank Owned property sold "As Is". Open House Sunday April 19th from 2pm to 4 pm.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-9 • 0.5 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 43% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,124 | 1,402 | 19% |
| Lot Size | 5,000 | 4,630 | 58% |
| Price | $949.9K | $1.02M | 42% |
| Price per sq ft | $845 | $737 | 72% |
| Built year | 1941 | 1928 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 148 | 1% |
Apr 15, 2026
$949,900
Initial Listing
Jun 1, 2022
$1,426,000
Public Record
Jun 22, 2017
$935,000
Public Record
May 3, 2005
$737,000
Public Record
Oct 17, 2003
$480,000
Public Record
Aug 15, 2002
$420,000
Public Record