
Bay Point, California 94565
This condo presents a High-Potential Investment Opportunity with a List Price of $168,000—positioned well below the $168,600 Fair Market Value by 0.36%. This valuation gap offers $600 in Instant Equity. Featuring a Fair Condition Rating, the unit offers a functional layout with high ceilings and a private balcony, ready for cosmetic modernization. While the HOA fee is notable, the property provides a rare, low-entry price point for Buy-and-Hold Investors or first-time buyers seeking a value-add asset near BART and essential amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5 Lancaster Cir 223 Subject | $168,000* List Price | 1 | 1 | 621 | $271 | - |
A 5 Lancaster Cir 121 Active | $170,000 List Price | 1 | 1 | 621 | $274 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (37 years old), the property is in original condition and dated. The kitchen features 1980s-style oak cabinetry, white tile countertops, and older appliances. While functional and clean, the listing explicitly suggests the need for personal updates and style vision, fitting the criteria for a property over 20 years old needing minor repairs or cosmetic modernization.
Priced at $168,000, this property represents a rare entry-level price point for the Bay Area, offering significant potential for first-time buyers or investors seeking a high-yield rental opportunity.
The unit features high ceilings throughout the kitchen and living areas, creating an airy, open-concept feel that maximizes the 621-square-foot footprint and enhances the overall sense of space.
This condo includes highly desirable features such as a dedicated in-unit washer and dryer closet, a private balcony with storage, and an end-building location for increased privacy.
The monthly HOA fee of $750 is notably high relative to the purchase price, which may impact a buyer's monthly budget and overall debt-to-income qualification.
The assigned public schools for this location currently carry lower ratings (3/10), which could be a drawback for families or affect long-term appreciation compared to neighboring districts.
Great opportunity to begin your homeownership journey, add an investment property, or enjoy the ease of downsizing! This inviting second-floor, one-bedroom, one-bathroom condo offers a bright and spacious feel, enhanced by high ceilings throughout the kitchen, living room, and dining area. The open kitchen overlooks both the living and dining spaces, creating an airy, connected layout that feels larger and more welcoming. The home also offers an exciting opportunity to bring your own style and vision to life. With a functional layout already in place, it is ready for your personal touches and updates to create a space that truly reflects your lifestyle and design preferences. The spacious bathroom features a shower over tub, while a dedicated in-unit washer and dryer closet provides the everyday convenience of doing laundry right at home. Located in an end building, the unit includes a private balcony with convenient nearby storage. Your assigned carport is located directly across from the unit, with additional guest parking available. Enjoy the community pool and a convenient location close to BART, freeway access, shopping, dining, and everyday essentials. Whether you are looking for your first home, an investment opportunity, or a place to simplify your lifestyle, this condo offers the space, potential, and convenience to make it your own.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 5.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 621 | 884 |
| Lot Size | - | - |
| Price | $168.0K | $270.0K |
| Price per sq ft | $271 | $305 |
| Built year | 1989 | 1989 |
| HOA | $750.0 | $640 |
| Days on market | 13 | 34 |
Aug 27, 2026
$168,000
Initial Listing
Jan 30, 2009
$40,000
Public Record
Oct 16, 1998
$33,000
Public Record