5217 Bancroft Avenue, Oakland, California 94601, Oakland, 94601 - 2 bed, 1 bath
ACTIVE$498,888
5217 Bancroft Avenue, Oakland, California 94601
2Beds
1Bath
832Sqft
2,400Lot
Price Vs. Estimate
The estimated value ($484,561.8) is $14,326.2 (2%) lower than the list price ($498,888). This property may be overpriced.
Key pros and cons
Top Pros:
Accessible Price Point: Listed at $498,888, this property offers a relatively affordable entry point into the Oakland single-family home market.
Top Cons:
No Cooling System: The property lacks a cooling system, which could be a significant drawback during Oakland's warmer months.
Compared to the nearby listings
Price:$498.9K vs avg $552.5K ($-53,612)36%
Size:832 sqft vs avg 1,126.5 sqft16%
Price/sqft:$600 vs avg $47881%
More Insights
Built in 1923 (102 years old).
Condition: Despite being built in 1923, the property presents as move-in ready due to significant recent interior updates. The kitchen features modern white shaker cabinets, dark countertops, a white subway tile backsplash, stainless steel refrigerator, and a black gas range, all appearing to be in good condition and contemporary style. The bathroom has also been updated with wood-look tile flooring, a modern white vanity, and new shower tiling with a glass door. Laminate flooring throughout the home provides a clean and consistent aesthetic. While the heating system is a wall furnace and there is no cooling system, the major living spaces have been extensively renovated within the last 5-15 years, aligning with the 'Good' condition criteria for properties with updated components and functional systems, even if not fully renovated.
Year Built
1923
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026833
Home ConditionGood
Features
View-
About this home
Welcome to this charming 2-bedroom, 1-bathroom home nestled in the vibrant city of Oakland. Spanning 832 square feet, this cozy residence offers a functional layout perfect for modern living. The kitchen is well-equipped with a gas oven stove and refrigerator. The home features laminate flooring throughout, providing a clean and contemporary look. A wall furnace ensures warmth during cooler months, while the absence of cooling systems offers an opportunity for customization. The spacious utility room includes laundry facilities for added convenience. While the property does not include a garage, it offers versatility in terms of parking and storage options. Located within the Oakland Unified School District, this home is positioned in a community with educational resources nearby. With a minimum lot size of 2400 square feet, this property presents a great opportunity for those looking to enjoy the best of Oakland living.
Nearby schools
2/10
Horace Mann Elementary School
Public,•K-5•0.2mi
3/10
Melrose Leadership Academy
Public,•PK-8•0.7mi
1/10
Roots International Academy
Public,•6-8•0.9mi
3/10
United For Success Academy
Public,•6-8•1.1mi
2/10
Frick Middle School
Public,•6-8•1.1mi
4/10
Urban Promise Academy
Public,•6-8•1.4mi
2/10
Fremont High
Public,•9-12•0.4mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.9mi
2/10
Oakland International High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
10/24/00
Sold
$148,000
10/14/20
Sold
$485,000
07/18/17
Sold
$430,000
03/27/15
Sold
$251,000
Condition Rating
Good
Despite being built in 1923, the property presents as move-in ready due to significant recent interior updates. The kitchen features modern white shaker cabinets, dark countertops, a white subway tile backsplash, stainless steel refrigerator, and a black gas range, all appearing to be in good condition and contemporary style. The bathroom has also been updated with wood-look tile flooring, a modern white vanity, and new shower tiling with a glass door. Laminate flooring throughout the home provides a clean and consistent aesthetic. While the heating system is a wall furnace and there is no cooling system, the major living spaces have been extensively renovated within the last 5-15 years, aligning with the 'Good' condition criteria for properties with updated components and functional systems, even if not fully renovated.
Pros & Cons
Pros
Accessible Price Point: Listed at $498,888, this property offers a relatively affordable entry point into the Oakland single-family home market.
Functional Layout & Modern Flooring: The home features a functional layout with laminate flooring throughout, providing a clean and contemporary aesthetic.
Equipped Kitchen & Convenient Laundry: The kitchen is well-equipped with a gas oven stove and refrigerator, complemented by a spacious utility room with laundry facilities for added convenience.
Proximity to Schools: Located within walking distance to Horace Mann Elementary (0.16 miles) and Fremont High (0.36 miles), appealing to families with school-aged children.
Manageable Urban Lot: The 2400 square foot lot provides private outdoor space, offering versatility for landscaping or potential expansion in an urban setting.
Cons
No Cooling System: The property lacks a cooling system, which could be a significant drawback during Oakland's warmer months.
Compact Living Space: With 832 square feet, the home offers limited living space, which may not suit buyers seeking more expansive accommodations or room for growth.
Lack of Garage: The absence of a garage may present challenges for parking, storage, and security, especially in an urban environment.