555 Pierce St 1021, Albany, California 94706, Albany, 94706 - 2 bed, 2 bath
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555 Pierce St 1021
Albany, California 94706
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,040Sq Ft
318,666Lot Size
Property Price
LIST PRICE$489,000
EST. MARKET VALUE
$452,384
8% AboveMARKET VALUE
SUMMARY
This Spacious Corner Unit represents a Strong Value Opportunity, listed at $489,000—positioned well below the $452,384 Fair Market Value by -8%. While the property requires cosmetic updates given its Fair Condition Rating, it offers significant long-term potential within the Top-Rated Albany School District. Residents enjoy resort-style amenities, including a heated pool, tennis courts, and 24-hour security. This unique asset, featuring panoramic Bay views, is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through modernization.
Estimated Market Value
$452,384
Based on Realkey algorithm analyzing recent comparable sales in Albany.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 Pierce St 1021 Subject 2 bd · 2 ba · 1,040 sqft · $435 | $489,000* List Price | 2 | 2 | 1,040 | $435 | - |
A 555 Pierce St 735 Sold 2 bd · 2 ba · 1,113 sqft · $427 · 0.0 mi | $475,000 | 2 | 2 | 1,113 | $427 | 0.0 mi |
B 535 Pierce St 3216 Sold 2 bd · 2 ba · 1,170 sqft · $479 · 0.2 mi | $560,000 | 2 | 2 | 1,170 | $479 | 0.2 mi |
C 535 Pierce St 3301 Pending 2 bd · 2 ba · 1,170 sqft · $468 · 0.2 mi | $548,000 List Price | 2 | 2 | 1,170 | $468 | 0.2 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 1977, the property is significantly dated with original popcorn ceilings and older carpeting. The kitchen and bathrooms appear to have had mid-life updates (likely 15-20 years ago) featuring oak-style cabinetry and white appliances, but they lack modern finishes. While functional and move-in ready, the unit requires cosmetic modernization and flooring updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
- Top-Rated School District
The property is located within the highly-coveted Albany school district, featuring schools rated 9/10, which provides significant long-term value and appeal for families.
- Extensive Resort-Style Amenities
Residents benefit from a robust amenity package including 24-hour security, a heated pool, tennis courts, and a gym, with the HOA fee conveniently covering most utilities and internet.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
At $980 per month, the association fees are substantial relative to the list price, which may impact buyer affordability and monthly debt-to-income ratios.
- Aging Building Infrastructure
Built in 1977, the property may require interior updates to meet modern aesthetic preferences and lacks the contemporary architectural features found in newer condominium developments.
About 555 Pierce St 1021
Spacious Corner Unit featuring 2BR2BA+Additional room converted from the dining area. Located in a desirable Albany neighborhood. Highly rated Albany schools. Enjoy beautiful Bay views from balcony, while the master bedroom and living room windows overlook serene, forested hillsides where you can enjoy the sights and sounds of birds and local wildlife. This unique setting offers the best of both worlds—the vibrant energy of the city and the peaceful beauty of nature. HOA includes exterior maintenance, Comcast TV/internet, water, garbage, sewer, 24-hour security, a deeded storage and parking stall. Amenities: heated swimming pool, two tennis courts, gym, sauna, jacuzzi, hot tub, ping-pong room, and clubhouse available for private gatherings. Conveniently located near Costco, shopping centers, restaurants, Pacific East Mall, El Cerrito BART, and AC Transit bus stops. Just minutes by car from Berkeley, Oakland, and San Francisco.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 318,666 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $980.0 / Month
Neighborhood Insights
Albany Unified Schools
Albany Middle School
Grades 6-8 • 0.7 mi
9/10
Albany High School
Grades 9-12 • 0.8 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.5 |
| Baths | 2.0 | 1.5 |
| Square foot | 1,040 | 960.5 |
| Lot Size | 318,666 | 219,317.667 |
| Price | $489.0K | $495.6K |
| Price per sq ft | $470 | $528 |
| Built year | 1977 | 1970 |
| HOA | $980.0 | $701 |
| Days on market | 62 | 125 |
Pricing History
Listed for Sale
Aug 23, 2026
$489,000
Initial Listing
Sold
Sep 19, 2017
$433,000
Public Record
Sold
Aug 11, 2010
$276,000
Public Record