527 N Mclaughlin, Richmond, California 94805, Richmond, 94805 - 2 bed, 1 bath
ACTIVE$699,000
527 N Mclaughlin, Richmond, California 94805
2Beds
1Bath
1,094Sqft
5,000Lot
Price Vs. Estimate
The estimated value ($625,302.495) is $73,697.505 (10%) lower than the list price ($699,000). This property may be overpriced.
Key pros and cons
Top Pros:
Versatile Bonus Space: The converted garage featuring two bonus rooms and a half bath provides highly flexible living space, ideal for home offices, guest quarters, or potential rental income.
Top Cons:
Advanced Age of Property: Built in 1929, the home is nearly a century old, which may entail older systems (plumbing, electrical) and potential for higher maintenance or renovation costs.
Compared to the nearby listings
Price:$699.0K vs avg $705.0K ($-6,000)47%
Size:1,094 sqft vs avg 1,164 sqft38%
Price/sqft:$639 vs avg $58667%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property is well-maintained for its age, with clean interiors and good condition hardwood floors in the main living areas. The bathroom appears to have been updated more recently with modern fixtures and flooring. However, the kitchen, while functional and clean with updated cabinets and a newer dishwasher, features dated laminate countertops and tile flooring, suggesting an update that is likely 15-30 years old rather than recent. The overall age of the property (1929) implies that major systems may be older and show signs of being outdated, even if functional. The property is move-in ready but would benefit from minor updates to the kitchen to align with current styles and potentially further assessment of major systems.
Year Built
1929
Close
-
List price
$699K
Original List price
$725K
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
41110073
Home ConditionFair
Features
Deck
Patio
View-
About this home
Beautifully maintained Richmond home with endless potential! Featuring a converted garage with two bonus rooms and a half bath, this property offers flexible living space and expansion opportunities. Conveniently located near freeways, public transportation, parks, and shopping, 527 McLaughlin St is the perfect blend of comfort and accessibility.
Condition Rating
Fair
Built in 1929, this property is well-maintained for its age, with clean interiors and good condition hardwood floors in the main living areas. The bathroom appears to have been updated more recently with modern fixtures and flooring. However, the kitchen, while functional and clean with updated cabinets and a newer dishwasher, features dated laminate countertops and tile flooring, suggesting an update that is likely 15-30 years old rather than recent. The overall age of the property (1929) implies that major systems may be older and show signs of being outdated, even if functional. The property is move-in ready but would benefit from minor updates to the kitchen to align with current styles and potentially further assessment of major systems.
Pros & Cons
Pros
Versatile Bonus Space: The converted garage featuring two bonus rooms and a half bath provides highly flexible living space, ideal for home offices, guest quarters, or potential rental income.
Prime Accessibility: Conveniently located with excellent access to freeways, public transportation, parks, and shopping, enhancing daily convenience and connectivity.
Well-Maintained Condition: Described as 'beautifully maintained,' indicating good upkeep and potentially fewer immediate repair or renovation needs for a new owner.
Lot Size Potential: The 5,000 sqft lot offers ample outdoor space for landscaping, gardening, or potential future expansion opportunities, subject to local zoning.
Recent Price Adjustment: The property has seen a recent price reduction from $725,000 to $699,000, suggesting a motivated seller and potentially a more attractive value proposition for buyers.
Cons
Advanced Age of Property: Built in 1929, the home is nearly a century old, which may entail older systems (plumbing, electrical) and potential for higher maintenance or renovation costs.
Limited Bathroom Count: With only one full bathroom, the property may not adequately serve larger households or those desiring more modern amenities, especially given the additional bonus rooms.
Valuation Discrepancy: The current list price is approximately 7% higher than the estimated property value, which could impact buyer perception of value and market competitiveness.