551 Merritt Avenue 1, Oakland, California 94610, Oakland, 94610 - 2 bed, 2 bath
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Oakland, California 94610
This Spacious Corner-Unit Condominium offers a stable and transparent entry into the Ivy Hill market, listed at $650,000, which aligns with its $650,000 Fair Market Value. Boasting an expansive 1,584 sq ft floor plan—significantly larger than typical area two-bedroom units—the property maintains a Fair Condition Rating with functional updates and a private balcony featuring partial city views. The combination of a prime location near Lake Merritt and a competitive $300 HOA fee ensures long-term value and lifestyle convenience. This residence is perfectly suited for Urban Professionals or Owner-Occupants prioritizing space and walkability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 551 Merritt Avenue 1 Subject | $650,000* List Price | 2 | 2 | 1,584 | $410 | - |
A 466 Crescent St 401 Sold | $670,000 | 3 | 2 | 1,349 | $497 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1997 (27 years ago) and falls into the 'fair' category as it is aged but maintained. While the listing mentions an updated kitchen, the images reveal cosmetic updates like painted cabinets paired with dated white tile countertops and older white appliances. The flooring has been upgraded to hardwood in some areas, but the overall style of the kitchen and bathrooms reflects the original construction era rather than a recent full renovation.
Situated just one block from Lake Merritt, the property offers exceptional access to Oakland's premier dining, the Grand Lake Farmers Market, and essential shopping like Whole Foods and Trader Joe's.
At 1,584 square feet, this corner-unit condo provides a significantly larger footprint than typical two-bedroom units in the area, featuring a spacious open floor plan and a primary suite with a walk-in closet.
The monthly association fee of $300 is remarkably low for a building of this size and vintage in Oakland, offering better long-term affordability for the homeowner.
The property has undergone multiple price reductions and fluctuations since its initial listing, which may signal a challenge in meeting buyer expectations or initial overpricing.
While the location is highly convenient for commuters, its proximity to major thoroughfares and high-traffic neighborhood hubs may result in higher levels of ambient city noise.
Discover this spacious 2BD/2BA condo offering 1,584 sq ft (per public record) of light-filled living in Oaklands' sought-after Ivy Hill neighborhood. Enjoy gorgeous views, abundant natural light on the balcony. This desirable corner unit boasts a modern open floor plan with expansive living and dining areas, an updated kitchen, in-unit laundry, ample storage, and a dedicated parking space. The primary suite features a walk-in closet and private en-suite bath, while the second bedroom offers flexibility for guests or a home office. Located just one block from Lake Merritt, you'll enjoy easy access to favorite neighborhood destinations, including Grand Lake Kitchen, Arizmendi, Lake Chalet, and Shakewell. Conveniently close to Trader Joe's, Whole Foods, and the Grand Lake Farmers Market. For commuters, the home offers quick access to I-580, I-880, Hwy 24, and Lake Merritt/19th St BART. Live in the heart of Oakland with the perfect blend of space, style, and walkable convenience!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,584 | 1,003 | 85% |
| Lot Size | - | 17,192 | 18% |
| Price | $650.0K | $532.5K | 74% |
| Price per sq ft | $410 | $491 | 21% |
| Built year | 1997 | 1970 | 94% |
| HOA | $300.0 | $644 | 3% |
| Days on market | 247 | 211 | 74% |
Apr 10, 2026
$650,000
$680,000
-4% Price Drop
Initial Listing
Mar 14, 2026
$680,000
$698,000
-3% Price Drop
Initial Listing
Jan 9, 2026
$698,000
$688,000
+1% Price Increase
Initial Listing
Jan 7, 2026
$688,000
$698,000
-1% Price Drop
Initial Listing
Nov 7, 2025
$698,000
$725,000
-4% Price Drop
Initial Listing
Aug 18, 2025
$725,000
Initial Listing