550 Summer Ln, Richmond, California 94806, Richmond, 94806 - 3 bed, 3 bath
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550 Summer Ln
Richmond, California 94806
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,628Sq Ft
1,125Lot Size
Property Price
LIST PRICE$578,000
EST. MARKET VALUE
$553,657
4% AboveMARKET VALUE
SUMMARY
This 3-bedroom townhouse represents a High-Potential Investment Opportunity, listed at $598,000—positioned well above the $559,564 Fair Market Value by 6%. While priced at a premium, the property offers a Fair Condition Rating with significant upside through cosmetic updates to the original builder-grade finishes. Featuring a versatile interior garage space and a low $190 HOA fee, this home provides a strategic commuter location near I-80 and BART. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable asset.
Estimated Market Value
$553,657
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Summer Ln Subject | $578,000* List Price | 3 | 3 | 1,628 | $340 | - |
A 511 Summer Ln Sold | $638,000 | 3 | 4 | 1,795 | $355 | 0.0 mi |
B 411 Summer Ln Pending | $599,000 List Price | 3 | 4 | 1,795 | $334 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 2005, making it 21 years old. While well-maintained and move-in ready, the kitchen and bathrooms feature original builder-grade oak cabinetry, tile, and black appliances that are now dated. Per the criteria, properties over 20 years with dated finishes are rated as Fair.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Commuter Location
The property offers exceptional transit access, situated near I-80 and I-580 corridors, BART, and the ferry, with a J bus stop within walking distance for easy Bay Area commuting.
- Versatile Bonus Space
A unique interior garage space provides rare flexibility for a townhouse, serving as an ideal footprint for a home gym, workshop, or private office.
- Modern Build with Low HOA
Constructed in 2005, this home offers contemporary open-concept living and a spacious primary suite with a notably low $190 monthly association fee.
CONSRISKS & DEFICIENCIES
- Underperforming School Ratings
The assigned public elementary and middle schools have low ratings (2-3), which may be a significant consideration for families prioritizing local school performance.
- Limited Outdoor Space
With a lot size of only 1,125 sqft for a 1,628 sqft residence, the property lacks significant private yard or outdoor area typical of detached homes.
About 550 Summer Ln
Spacious 3-bedroom, 2.5-bath townhouse, nestled in Richmond Hilltop District. The upper level features a spacious primary bedroom suite along with two additional bedrooms and a full bathroom. The main level offers an open-concept kitchen with abundant counter space, ample cabinetry, and a breakfast nook for casual dining. The kitchen flows seamlessly into the family room, creating the perfect space for everyday living and entertaining. This unique floor plan includes an additional space in the interior garage, ideal for a home gym, workshop, office, or extra storage. The home is conveniently located near shopping plazas, Making Waves Academy (a tuition-free public charter school), and offers easy access to I-80 for San Francisco and Berkeley, I-580 for Marin County, as well as a short drive to BART and the ferry, making commuting a breeze. It is also just a few minutes' walk to the J bus stop, which provides convenient service to the BART station.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2005
- Lot Size
- 1,125 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $190.0 / Month
Neighborhood Insights
Richmond Unified Schools
Highland Elementary School
Grades K-6 • 0.8 mi
4/10
Bayview Elementary School
Grades K-6 • 0.9 mi
2/10
Tara Hills Elementary School
Grades K-6 • 1.4 mi
3/10
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 | 1,628 | 1,581.222 |
| Lot Size | 1,125 | 1,488.556 |
| Price | $578.0K | $634.0K |
| Price per sq ft | $355 | $426 |
| Built year | 2005 | 1992 |
| HOA | $190.0 | $375 |
| Days on market | 48 | 44 |
Pricing History
Listed for Sale
Aug 22, 2026
$578,000
$598,000
-3% Price Drop
Initial Listing
Price Change
Jul 23, 2026
$598,000
Initial Listing
Sold
Mar 6, 2018
$460,000
Public Record
Sold
Apr 2, 2007
$475,000
Public Record