474 Merritt Ave 7, Oakland, California 94610, Oakland, 94610 - 2 bed, 2 bath
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474 Merritt Ave 7
Oakland, California 94610
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,757Sq Ft
10,000Lot Size
Property Price
LIST PRICE$898,000
EST. MARKET VALUE
$835,474
7% AboveMARKET VALUE
SUMMARY
This Spacious Lakeside Condominium is a Strong Value Opportunity, listed at $898,000—positioned well below the $835,474 Fair Market Value by -7%. While the list price exceeds the current valuation, the property offers a rare 1,757-SF layout with Iconic Panoramic Views of Lake Merritt and the Oakland skyline. Featuring an Updated Kitchen and a Condition Rating of 3, this residence provides a move-in ready lifestyle with significant potential for customization. This is an ideal acquisition for Owner-Occupants seeking luxury lakeside living or Long-term Investors targeting high-demand waterfront assets.
Estimated Market Value
$835,474
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 474 Merritt Ave 7 Subject | $898,000* List Price | 2 | 2 | 1,757 | $476 | - |
A 525 Mandana Blvd 402 Sold | $795,000 | 2 | 2 | 1,810 | $439 | 0.5 mi |
B 695 Mariposa Ave 401 Sold | $750,000 | 3 | 2 | 1,856 | $404 | 1.0 mi |
C 567 567 Merritt Ave Sold | $675,000 | 2 | 2 | 1,216 | $555 | 0.1 mi |
D 47 Excelsior Ct 43 Sold | $750,000 | 2 | 2 | 1,168 | $642 | 0.2 mi |
E 711 Walker Ave 202 Active | $695,000 List Price | 2 | 2 | 1,135 | $612 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1951, the residence features a modern updated kitchen with stainless steel appliances, stone countertops, and contemporary cabinetry. The hardwood floors and interior finishes appear well-maintained and move-in ready, consistent with a renovation performed within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Panoramic Views
This corner residence features a full wall of west-facing windows that provide cinematic sunsets and sweeping views of Lake Merritt, the San Francisco skyline, and Mount Tamalpais.
- Expansive and Flexible Layout
With 1,757 square feet of living space, the property offers a rare scale for a condo, including a bonus nook that can easily serve as a home office or be converted into a third bedroom.
- Prime Lakeside Location
Situated in the heart of Cleveland Heights, the home offers immediate access to Lake Merritt’s waterfront paths, the historic Cleveland Cascade, and the vibrant Saturday farmer’s market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1757, other record living area = 1460.
- Vintage Infrastructure
Built in 1951, the building may lack the modern soundproofing, energy-efficient windows, and updated electrical systems found in newer luxury developments.
- Bedroom-to-Square-Footage Ratio
Despite the generous 1,757 square feet, the current two-bedroom configuration may limit appeal for larger families unless additional investment is made to convert the bonus space.
About 474 Merritt Ave 7
SPECTACULAR VIEWS and 1757SF! Perched on the edge of Lake Merritt, this 1,757-SF corner residence lives like a house in the sky. A full wall of west-facing windows floods the living room with light and front-row sunsets stretching all the way to Mount Tam & SF. Golden hour here feels cinematic. Lake views follow you into the formal dining room, elevating weeknights and dinner parties alike. The updated kitchen pairs stainless steel appliances with generous counters and storage. Built in 1951, the home blends clean mid-century lines, hardwood floors, and timeless character. A spacious entry with bonus nook makes an inspiring office or add a wall for a third bedroom with closet. The stone fireplace with wraparound mantle anchors the living room, with a wall of built-ins for books, art, and vinyl. The oversized secondary bedroom offers three closets, built-ins, architectural detail, and room to flex—lounge, studio, or epic media room. The primary suite features ample closets, more sweeping views, and a private full bath with tub for unwinding. A dedicated garage provides easy off-street parking, and a shared sunny level garden offers fresh-air escapes. Just outside: miles of waterfront paths, the historic Cleveland Cascade, and the vibrant Saturday farmer’s market. Big-space living. Iconic Oakland views. Views: Downtown
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1951
- Lot Size
- 10,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $523.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.5 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,757 | 952.848 |
| Lot Size | 10,000 | 16,731.21 |
| Price | $898.0K | $488.1K |
| Price per sq ft | $511 | $502 |
| Built year | 1951 | 1991 |
| HOA | $523.0 | $683 |
| Days on market | 27 | 60 |
Pricing History
Listed for Sale
Aug 13, 2026
$898,000
Initial Listing
Sold
Dec 10, 2014
$539,000
Public Record
Sold
Mar 17, 2005
$491,000
Public Record