508 Clara Street, Oakland, California 94603, Oakland, 94603 - 2 bed, 1 bath
ACTIVE$450,000
508 Clara Street, Oakland, California 94603
2Beds
1Bath
800Sqft
4,114Lot
Price Vs. Estimate
The estimated value ($406,624.495) is $43,375.505 (9%) lower than the list price ($450,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Accessibility: Situated in the desirable Brookfield Village, the property offers excellent access to parks, shopping, and major transportation routes including I-880, the Airport, Ferry, Colosseum, and BART station.
Top Cons:
Small Living Space: With only 800 sqft, the home offers limited interior living space, which may not be suitable for larger families or those desiring more room.
Compared to the nearby listings
Price:$450.0K vs avg $525.0K ($-75,000)29%
Size:800 sqft vs avg 1,036 sqft17%
Price/sqft:$562 vs avg $48873%
More Insights
Built in 1942 (83 years old).
Condition: Built in 1942, this property is over 80 years old with no indication of major renovations. The MLS analysis explicitly highlights the 'Age of Property & Potential for Updates,' suggesting 'outdated systems (plumbing, electrical) and the need for significant renovations or deferred maintenance.' The exterior image supports this, showing a cracked driveway, dry lawn, and an older garage door, indicating deferred maintenance. Without interior photos, it's highly probable that the kitchen and bathroom are original or very outdated, requiring substantial repairs and rehabilitation to meet current standards.
Year Built
1942
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$563
HOA
-
Days on market
-
Sold On
-
MLS number
OC25125612
Home ConditionPoor
Features
View-
About this home
Cute Oakland home in desirable Brookfield Village location. Minutes away from Brookfield Elementary School, parks, and shopping. Easy access to I-880, Airport, Ferry, Colosseum, and BART station.
Nearby schools
3/10
Brookfield Elementary School
Public,•K-5•0.2mi
3/10
Madison Park Academy 6-12
Public,•6-12•0.8mi
1/10
Castlemont High
Public,•9-12•2.1mi
2/10
Fremont High
Public,•9-12•2.9mi
2/10
Oakland International High School
Public,•9-12•7.8mi
Condition Rating
Poor
Built in 1942, this property is over 80 years old with no indication of major renovations. The MLS analysis explicitly highlights the 'Age of Property & Potential for Updates,' suggesting 'outdated systems (plumbing, electrical) and the need for significant renovations or deferred maintenance.' The exterior image supports this, showing a cracked driveway, dry lawn, and an older garage door, indicating deferred maintenance. Without interior photos, it's highly probable that the kitchen and bathroom are original or very outdated, requiring substantial repairs and rehabilitation to meet current standards.
Pros & Cons
Pros
Prime Location & Accessibility: Situated in the desirable Brookfield Village, the property offers excellent access to parks, shopping, and major transportation routes including I-880, the Airport, Ferry, Colosseum, and BART station.
Excellent Elementary School Proximity: Brookfield Elementary School (rated 3) is conveniently located just 0.15 miles away, making it highly attractive for families with young children.
Single-Family Home Status: As a single-family residence, it offers the benefits of land ownership, privacy, and no HOA fees, appealing to a broad range of buyers.
Potential for Expansion/Outdoor Space: The 4114 sqft lot size provides ample outdoor space for gardening, entertaining, or potential future expansion of the existing 800 sqft home.
Entry-Level Price Point: Listed at $450,000, this property represents a relatively accessible price for a single-family home in the Oakland market, potentially attracting first-time homebuyers or investors.
Cons
Small Living Space: With only 800 sqft, the home offers limited interior living space, which may not be suitable for larger families or those desiring more room.
Age of Property & Potential for Updates: Built in 1942, the property is over 80 years old, suggesting potential for outdated systems (plumbing, electrical) and the need for significant renovations or deferred maintenance.
Overpriced Relative to Market Estimation: The listing price of $450,000 is notably higher than the estimated property value of $398,985, which could lead to appraisal challenges or buyer resistance.