553 Covington Way, Livermore, California 94551, Livermore, 94551 - 3 bed, 2 bath
Loading property details...
553 Covington Way
Livermore, California 94551
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,130Sq Ft
6,000Lot Size
Property Price
LIST PRICE$890,000
EST. MARKET VALUE
$856,905
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $890,000—positioned well above the $856,906 Fair Market Value by 3%. While the home requires modernization, its Condition Rating of 4 and established Summerset location offer a blank canvas for value-add renovations. The functional single-story layout and private patio provide a solid foundation for customization. With proximity to downtown Livermore and local schools, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity through targeted updates.
Estimated Market Value
$856,905
Based on Realkey algorithm analyzing recent comparable sales in Livermore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 553 Covington Way Subject | $890,000* List Price | 3 | 2 | 1,130 | $758 | - |
A 637 Dover Way Sold | $1,040,000 | 4 | 2 | 1,333 | $780 | 0.2 mi |
B 1290 Lakehurst Road Sold | $990,000 | 3 | 2 | 1,330 | $744 | 0.2 mi |
C 1463 Wilton Rd Sold | $963,500 | 3 | 2 | 1,414 | $681 | 0.1 mi |
D 802 Olivina Ave Sold | $866,000 | 3 | 2 | 1,121 | $773 | 0.8 mi |
E 1202 N P St Sold | $799,000 | 3 | 2 | 1,064 | $751 | 0.7 mi |
F 774 Mariposa Ave Sold | $875,000 | 3 | 2 | 1,042 | $840 | 0.8 mi |
G 577 Saddleback Cir Sold | $989,000 | 3 | 2 | 1,254 | $789 | 0.4 mi |
H 628 628 Nightingale St Sold | $928,000 | 4 | 2 | 1,125 | $825 | 0.6 mi |
I 838 Cherokee Dr Active | $940,000 List Price | 3 | 2 | 1,282 | $733 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1969 and offered 'as-is,' the property is dated and requires modernization. While it features recent cosmetic updates such as new luxury vinyl plank flooring and fresh paint, the kitchen cabinetry and bathrooms appear to be original or significantly aged (>20 years), and the listing explicitly suggests the need for a buyer to update to their own taste.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the established Summerset neighborhood, the property offers excellent proximity to downtown Livermore's dining, local wineries, and convenient I-580 access.
- Functional Single-Story Layout
The well-designed floor plan features a clear separation between living areas and bedrooms, complemented by a level lot and direct interior garage access.
- Value-Add Potential
Offered in 'as-is' condition, this property provides a blank canvas for buyers to build equity by customizing finishes to their personal taste rather than paying for existing upgrades.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in its current state, which likely necessitates immediate additional investment for modernizing systems and cosmetic updates.
- Modest Square Footage
At approximately 1,130 square feet, the home is relatively small for a three-bedroom residence, which may limit its appeal to those seeking more expansive living spaces.
About 553 Covington Way
Single-story living in Summerset, one of Livermore's most established neighborhoods. Three bedrooms, two baths, and approximately [1,250] square feet in a floor plan that has aged well — bedrooms set quietly away from the living areas, kitchen opening to the back of the home, attached garage with direct interior access. The lot is level and easy to enjoy, and the setting is the kind that holds its value: minutes from downtown Livermore's restaurants and tasting rooms, the Valley's wineries just beyond, and a straightforward connection to 580. Offered as-is — an opportunity for the next owner to update it to their own taste rather than pay for someone else's choices. Highly motivated seller.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Livermore Unified Schools
Rancho Las Positas Elementary School
Grades K-5 • 0.7 mi
6/10
Marylin Avenue Elementary School
Grades K-5 • 0.8 mi
5/10
Junction Avenue K-8 School
Grades K-8 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,130 | 1,788.221 |
| Lot Size | 6,000 | 7,309.632 |
| Price | $890.0K | $1.25M |
| Price per sq ft | $788 | $696 |
| Built year | 1969 | 1973 |
| HOA | $0 | $141 |
| Days on market | 7 | 38 |
Pricing History
Listed for Sale
Sep 2, 2026
$890,000
Initial Listing