
Oakland, California 94610
This Turnkey Condominium is a Strong Value Opportunity, listed at $493,000—positioned well below the $535,370 Fair Market Value by 7%. This valuation gap offers $42,370 in Instant Equity for the buyer. Featuring a rebuilt kitchen, new flooring, and a private balcony, the property maintains an Excellent Condition Rating with no pending assessments. Located in the vibrant Adams Point neighborhood near Lake Merritt, this is an ideal sanctuary for first-time buyers or urban professionals seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 424 Staten 308 Subject 2 bd · 2 ba · 1,038 sqft · $461 | $479,000* List Price | 2 | 2 | 1,038 | $461 | - |
A 22 Moss Ave 107 Sold 2 bd · 2 ba · 1,131 sqft · $457 · 0.7 mi | $517,000 | 2 | 2 | 1,131 | $457 | 0.7 mi |
B 565 565 Bellevue Ave 1403 Sold 1 bd · 2 ba · 1,069 sqft · $538 · 0.2 mi | $575,000 | 1 | 2 | 1,069 | $538 | 0.2 mi |
C 199 Montecito Ave. 107 Sold 2 bd · 2 ba · 1,029 sqft · $510 · 0.4 mi | $525,000 | 2 | 2 | 1,029 | $510 | 0.4 mi |
D 389 Belmont Street 411 Sold 2 bd · 1 ba · 980 sqft · $592 · 0.0 mi | $580,000 | 2 | 1 | 980 | $592 | 0.0 mi |
E 330 Vernon St 207 Sold 2 bd · 2 ba · 1,119 sqft · $469 · 0.4 mi | $525,000 | 2 | 2 | 1,119 | $469 | 0.4 mi |
F 377 Palm Ave 305 Sold 2 bd · 1 ba · 825 sqft · $544 · 0.2 mi | $449,000 | 2 | 1 | 825 | $544 | 0.2 mi |
G 245 Montecito Ave 203 Sold 2 bd · 2 ba · 1,127 sqft · $550 · 0.3 mi | $620,000 | 2 | 2 | 1,127 | $550 | 0.3 mi |
H 199 Montecito Ave 301 Sold 2 bd · 2 ba · 960 sqft · $563 · 0.4 mi | $540,000 | 2 | 2 | 960 | $563 | 0.4 mi |
I 365 Perkins St 201 Active 2 bd · 2 ba · 1,010 sqft · $455 · 0.2 mi | $460,000 List Price | 2 | 2 | 1,010 | $455 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1963, the unit has undergone a comprehensive recent renovation (likely <5 years) featuring a completely rebuilt kitchen with white quartz countertops and premium stainless steel appliances, new flooring throughout, and updated lighting. The property is described as having no deferred maintenance and being in mint, move-in ready condition.
Ideally situated in a highly walkable neighborhood near Lake Merritt, Grand Avenue dining, and major transit hubs, offering an exceptional urban lifestyle.
This corner unit features a fully rebuilt kitchen with quartz countertops and premium appliances, complemented by new flooring and oversized windows that maximize natural light.
The building has already completed and paid for SB 326 balcony compliance work, ensuring no pending assessments for the new owner and immediate move-in readiness.
The $845 monthly association fee is relatively high for the price point, which may impact the overall monthly carrying costs for budget-conscious buyers.
While the unit is extensively updated, it relies on shared in-building laundry facilities rather than having a private washer and dryer inside the home.
SELLER OFFERING AN INTEREST RATE BUY DOWN! If you’ve been searching for more space near Lake Merritt without moving into the $500K+ price range, this home deserves a closer look. Newly improved corner condo offering 1,038 sq. ft. of spacious, move-in-ready living in one of Oakland’s most convenient Lake Merritt neighborhoods. Recent improvements include an updated kitchen and baths, new flooring and fresh finishes. The bright corner floor plan features two full bathrooms, generous living and dining areas, abundant natural light and an oversized covered balcony providing approximately 120 additional sq. ft. of outdoor living space. Garage parking included. ALL BALCONY REPAIRS ARE FINISHED and Paid OFF. Enjoy the Adams Point lifestyle near Lake Merritt, Grand Avenue restaurants and cafés, neighborhood shopping, recreation and convenient access to San Francisco. For San Francisco and Bay Area buyers looking for more space for the money, this home deserves a closer look. 424 Staten Avenue #308 | $487,000 | MLS #41142493 2 BEDROOMS. 2 FULL BATHS. 1,038 SQ. FT. GARAGE PARKING. LARGE BALCONY. UPDATED — AND OFFERED UNDER $500,000
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,038 | 969.659 |
| Lot Size | 12,500 | 16,354.274 |
| Price | $479.0K | $478.1K |
| Price per sq ft | $461 | $492 |
| Built year | 1963 | 1987 |
| HOA | $845.0 | $698 |
| Days on market | 94 | 60 |
Oct 17, 2026
$479,000
$487,000
-2% Price Drop
Initial Listing
Sep 2, 2026
$487,000
$493,000
-1% Price Drop
Initial Listing
Jul 22, 2026
$493,000
Initial Listing