500 500 Gertrude Ave, Richmond, California 94801, Richmond, 94801 - 3 bed, 3 bath
500 500 Gertrude Ave
Richmond, California 94801
Property Price
SUMMARY
Analysis of 500 500 Gertrude Ave, Richmond, California 94801 reveals a Prime Investment Opportunity with a current list price of $599,000—significantly undercutting the $632,405 Fair Market Value by 5%. This valuation gap indicates a +$33,405 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Richmond Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 500 Gertrude Ave Subject | $599,000* List Price | 3 | 3 | 1,664 | $380 | - |
A 940 Lucas Ave Sold | $570,000 | 4 | 2 | 1,408 | $405 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand-new 2024 custom-built home featuring modern energy-efficient systems including solar panels and an all-electric design. The interior is in pristine condition with luxury vinyl plank flooring, a contemporary kitchen with quartz countertops and new appliances, and updated bathrooms. As a new construction, all components meet current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Energy Efficiency
As a 2024 new construction, this home features solar installation and an all-electric design, providing significant utility savings and meeting the highest standards of modern energy efficiency.
- Versatile Floor Plan
The thoughtful layout includes a rare main-floor bedroom and full bath, plus two primary suites upstairs, offering excellent flexibility for multi-generational living or guest privacy.
- Turnkey Luxury Finishes
The interior boasts high-end upgrades including quartz countertops, luxury vinyl plank flooring, and brand-new appliances, ensuring a move-in-ready experience with contemporary aesthetic appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1664, other record living area = 1602.
- Underperforming School District
The property is served by local schools with very low performance ratings (1-3/10), which may be a significant deterrent for families and could impact long-term appreciation.
- Limited Outdoor Space
With a modest 2,500 square foot lot, the outdoor area is restricted to a small gardening space, which may not meet the needs of buyers looking for a traditional large backyard.
About 500 500 Gertrude Ave
Discover unparalleled charm in this brand-new, custom-designed 2-story home featuring 3 bedrooms and 3 baths. Impeccably crafted with quality workmanship, this residence offers the perfect blend of luxury and comfort. Modern Amenities: Step into a home that boasts all the contemporary features you desire. SOLAR PAID. Included!! All electric, NO Gas for energy efficiency. Sprinkler also system installed.. Elegant Flooring: Enjoy the sleek luxury vinyl plank flooring throughout. Spacious Living: The open-concept main floor is perfect for entertaining and relaxation. The brand-new kitchen is outfitted with quartz countertops and very nice appliances. Outdoor Access: A sliding glass door leads to a charming backyard gardening area, ideal for green thumbs. Thoughtful Layout: The main floor includes a well-designed bedroom and a full bath with a shower. The second floor features two master bedrooms, each with its own bathroom, ensuring ample privacy and convenience. Comfort Year-Round: Stay cool during hot summers with efficient air conditioning. Convenient Location: Nearby Park: Enjoy the proximity to a local park for recreational activities. Easy Commuting: Convenient access to major freeways (I-80, I-580, and San Rafael Bridge)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Verde Elementary School
Grades K-6 • 0.5 mi
Helms Middle School
Grades 7-8 • 1.4 mi
Richmond High School
Grades 9-12 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 66% |
| Square foot | 1,664 | 1,417 | 72% |
| Lot Size | 2,500 | 3,486 | 21% |
| Price | $599.0K | $540.0K | 66% |
| Price per sq ft | $360 | $414 | 34% |
| Built year | 2024 | 1955 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 176 | 3% |
Pricing History
Listed for Sale
Mar 2, 2026
$599,000
Initial Listing
Sold
Mar 21, 2006
$290,000
Public Record