540 3rd St, Richmond, California 94801, Richmond, 94801 - 3 bed, 2 bath
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Richmond, California 94801
This 3-bedroom, 2-bathroom Single Family Residence represents a Strong Value Opportunity, listed at $450,000—positioned well below the $422,474 Fair Market Value by -6%. Featuring a Condition Rating of 3, the home offers a turnkey, move-in ready interior with updated laminate flooring and stainless steel appliances. While school ratings in the area are modest, the property’s competitive entry-level pricing and functional layout provide a stable foundation. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking an affordable, low-maintenance asset in Richmond.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 3rd St Subject | $450,000* List Price | 3 | 2 | 963 | $439 | - |
A 710 11th Street Sold | $430,000 | 3 | 2 | 936 | $459 | 0.5 mi |
B 589 5th St Sold | $360,000 | 2 | 1 | 823 | $437 | 0.1 mi |
C 502 Pennsylvania Sold | $455,000 | 4 | 2 | 1,254 | $363 | 0.2 mi |
D 129 129 Bissell Ave Sold | $540,000 | 3 | 2 | 1,277 | $423 | 0.3 mi |
E 708 11th St Active | $477,700 List Price | 3 | 2 | 1,130 | $423 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1906 build date, the property is move-in ready with renovations likely completed within the last 10-20 years. It features updated laminate flooring, vinyl windows, and modern stainless steel appliances. While there is minor cosmetic wear like peeling paint in bedrooms, the kitchen and bathrooms are functional and well-maintained.
Listed at $450,000, this property offers a rare and affordable opportunity to own a three-bedroom detached home in the Bay Area market.
Marketed as move-in ready, the home allows buyers to avoid the immediate overhead and stress of renovations, making it ideal for first-time homeowners.
The 3-bedroom, 2-bathroom configuration maximizes the functional use of the 963 square foot footprint, providing more versatility than typical homes of this size.
With under 1,000 square feet of living area, the interior may feel cramped for a three-bedroom home, potentially resulting in very small secondary bedrooms.
The assigned public schools carry low performance ratings (ranging from 1 to 4), which can be a significant deterrent for families and may impact future appreciation.
Welcome to this beautiful, ready to move-in 3 bedrooms 2 baths home in the Richmond Villa Subdivision area.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 963 | 1,157 |
| Lot Size | 2,700 | 5,000 |
| Price | $450.0K | $681.0K |
| Price per sq ft | $467 | $503 |
| Built year | 1906 | 1943 |
| HOA | $0 | $125 |
| Days on market | 2 | 40 |
Jul 21, 2026
$450,000
Initial Listing
Apr 28, 2016
$277,000
Public Record
Mar 4, 1994
$90,000
Public Record