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: POOR
2Beds
2Baths
1,040Sq Ft
318,666Lot Size
Property Price
LIST PRICE$489,000
EST. MARKET VALUE
$450,300
8% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $489,000—positioned well below the $450,300 Fair Market Value by -8%. Featuring a Fair Condition Rating (5/10), the unit requires a full interior rehab, offering significant potential for forced appreciation. Located in a top-tier district with 9/10 rated Albany schools, this corner unit provides scenic Bay and hillside views. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime location.
Estimated Market Value
$450,300
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 | $489,000* List Price | 2 | 2 | 1,040 | $433 | - |
A 555 Pierce St 520 Pending | $360,000 List Price | 2 | 2 | 1,040 | $346 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1977 and appearing in mostly original condition, the property exceeds the 30-year threshold for major updates. The bathrooms, brown carpeting, and fixtures are significantly dated and show signs of age, necessitating a full interior rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
- Prime Location & Top-Rated Schools
Situated in a highly desirable Albany neighborhood, this property offers access to top-tier schools (rated 9/10) and is minutes away from BART, Costco, and major Bay Area hubs.
- Versatile Layout & Scenic Views
This spacious corner unit features a unique additional room converted from the dining area and provides a rare combination of San Francisco Bay views and serene forested hillside vistas.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
At $980 per month, the association dues are substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
- Building Age
Built in 1977, the property and complex may require more frequent maintenance or interior modernizations compared to newer developments in the area.
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 | 1.7 |
| Baths | 2.0 | 1.7 |
| Square foot | 1,040 | 1,009.333 |
| Lot Size | 318,666 | 325,709 |
| Price | $489.0K | $561.2K |
| Price per sq ft | $470 | $510 |
| Built year | 1977 | 1981 |
| HOA | $980.0 | $785 |
| Days on market | 17 | 90 |
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