506 Marina Way, Richmond, California 94801, Richmond, 94801 - 3 bed, 3 bath
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506 Marina Way
Richmond, California 94801
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,448Sq Ft
2,080Lot Size
Property Price
LIST PRICE$435,000
SUMMARY
Analysis of 506 Marina Way, Richmond, California 94801 is currently available with a list price of $435,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is functional but dated. While it features newer stainless steel kitchen appliances and has been 'refreshed' with paint, the bathrooms, popcorn ceilings, and flooring are significantly older than 20 years and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- No HOA Fees
A rare find for a townhouse, this property has no Homeowners Association dues, significantly reducing monthly carrying costs and offering the owner greater freedom from restrictive covenants.
- Functional and Spacious Layout
With 1,448 square feet of living space, three bedrooms, and a private yard, the home provides a practical two-story floor plan that accommodates families or those needing a home office.
- Strategic Location
Situated near Richmond's City Center, the property offers excellent proximity to waterfront amenities, shopping, dining, and transportation, making it ideal for commuters and local enthusiasts.
CONSRISKS & DEFICIENCIES
- As-Is Sale Condition
The property is being sold in its present condition, which may imply deferred maintenance or the need for immediate capital investment for repairs and modernization.
- Dated Construction Era
Built in 1980, the home likely requires updates to its aesthetic finishes and core systems to meet the energy efficiency and design expectations of modern buyers.
About 506 Marina Way
Welcome to 506 Marina Way, a well-maintained townhouse offering comfortable living in a convenient Richmond location with No HOA. This 3-bedroom, 2.5-bath home features a functional two-story floor plan, private yard, and garage. The property has been thoughtfully cleaned and refreshed, and is ready for its next owner. Conveniently located near shopping, dining, transportation, and waterfront amenities. Offered for sale in its present condition, providing an opportunity for buyers to make the home their own. Don't miss the opportunity to see this well-kept townhouse!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1980
- Lot Size
- 2,080 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.4 |
| Square foot | 1,448 | 1,581.222 |
| Lot Size | 2,080 | 1,488.556 |
| Price | $435.0K | $634.0K |
| Price per sq ft | $300 | $426 |
| Built year | 1980 | 1992 |
| HOA | $0 | $375 |
| Days on market | 12 | 44 |
Pricing History
Listed for Sale
Aug 28, 2026
$435,000
Initial Listing
Sold
Oct 6, 2009
$83,000
Public Record
Sold
Aug 17, 2004
$325,000
Public Record
Sold
Oct 4, 2002
$255,000
Public Record