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5555 Carlton Street, Oakland, California 94618, Oakland, 94618 - 4 bed, 2 bath

5555 Carlton Street, Oakland, California 94618 home-pic-0
ACTIVE$1,488,000
5555 Carlton Street, Oakland, California 94618
4Beds
2Baths
2,279Sqft
2,936Lot

Price Vs. Estimate

The estimated value ($1,488,000) is $0 (0%) lower than the list price ($1,488,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Value & Compliance: Significant $300K price improvement, justified by appraisal, and noted as the lowest $/Sqft in Rockridge. Buyer also saved $20k+ on sidewalk and sewer lateral compliance costs.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2936, living area = 2279.

Compared to the nearby listings

Price:$1.49M vs avg $1.86M ($-372,000)29%
Size:2,279 sqft vs avg 2,135 sqft53%
Price/sqft:$653 vs avg $90915%

More Insights

Built in 1923 (102 years old).
Condition: The property, built in 1923, is exceptionally well-maintained for its age with beautiful hardwood floors throughout the main living areas. However, the kitchen and bathrooms, while clean and functional, are significantly outdated. The kitchen features light wood cabinetry, white tile countertops, and a dated fluorescent light fixture, suggesting a renovation that is likely 15-30 years old. The bathrooms also exhibit older styles with white tile and basic fixtures. While move-in ready, these key areas would require substantial updates to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Year Built
1923
Close
-
List price
$1.49M
Original List price
$1.79M
Price/Sqft
$653
HOA
-
Days on market
-
Sold On
-
MLS number
ML82012465
Home ConditionFair
Features
Good View: Hills, Neighborhood
ViewHills, Neighborhood

About this home

$$$300K PRICE IMPROVEMENT. APPRAISAL JUSTIFY PRICE. LOWEST $/Sqft in ROCKRIDGE. Sidewalk and Sewer Lateral compliance, buyer saved $20k+ compliance cost. Duplex & SFR. One-of-a-kind Prairie-style split-level home showcases signature horizontal lines, natural materials all nestled in the heart of vibrant and highly sought-after upper Rockridge. Enjoy a prime, walkable near College Avenue, Oakland Tech and Claremont Country Club. Just minutes by bike to Lake Temescal, Rockridge BART, Trader Joe, and even UC Berkeley. A truly convenient, car-free and hassle-free lifestyle awaits. This versatile property functions as both a duplex and single-family. Main level features a front deck, glass-panel entry, living room with wood-burning fireplace, dining room, and hardwood floors throughout. Enjoy wood cabinetry, natural light and outswing windows. Kitchen with tile counters, appliances, and eating area. Upper level offers three spacious bedrooms, connecting sunroom, and a full bath. The spacious ground-level studio offers an open-concept layout with its own private entrance from the backyard, plus interior access from the main. It features a bright living and sleeping with ample windows, a kitchen-ready room and full bath. Shared laundry/utility room, garage and basement storage.

Nearby schools

8/10
Chabot Elementary School
Public,•K-5•0.7mi
6/10
Claremont Middle School
Public,•6-8•0.4mi
7/10
Oakland Technical High School
Public,•9-12•0.7mi
2/10
Oakland International High School
Public,•9-12•0.9mi
2/10
Fremont High
Public,•9-12•5.0mi
Condition Rating
Fair
The property, built in 1923, is exceptionally well-maintained for its age with beautiful hardwood floors throughout the main living areas. However, the kitchen and bathrooms, while clean and functional, are significantly outdated. The kitchen features light wood cabinetry, white tile countertops, and a dated fluorescent light fixture, suggesting a renovation that is likely 15-30 years old. The bathrooms also exhibit older styles with white tile and basic fixtures. While move-in ready, these key areas would require substantial updates to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Value & Compliance: Significant $300K price improvement, justified by appraisal, and noted as the lowest $/Sqft in Rockridge. Buyer also saved $20k+ on sidewalk and sewer lateral compliance costs.
Prime Rockridge Location: Nestled in the highly sought-after upper Rockridge, offering excellent walkability to College Avenue, Oakland Tech, Claremont Country Club, Lake Temescal, Rockridge BART, Trader Joe's, and UC Berkeley.
Versatile Duplex/SFR Configuration: Functions as both a duplex and single-family residence, including a spacious ground-level studio with a private entrance and kitchen-ready room, providing income potential or flexible living arrangements.
Unique Architectural Character: One-of-a-kind Prairie-style split-level home showcasing signature horizontal lines and natural materials, offering distinctive curb appeal and design.
Desirable Interior Features: Features include hardwood floors throughout, a wood-burning fireplace, wood cabinetry, ample natural light from outswing windows, a front deck, and a connecting sunroom.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2936, living area = 2279.
Age of Property & Potential System Updates: Built in 1923, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC) may require updates or ongoing maintenance, which are not explicitly mentioned as recent upgrades.
Limited Lot Size: With a lot size of 2936 sqft, the outdoor space is relatively compact, which might be a drawback for buyers seeking a larger yard or extensive landscaping opportunities.
Kitchen Condition & Studio Completion: The main kitchen features 'tile counters' and general 'appliances' which may not be fully updated to modern luxury standards. The ground-level studio also has a 'kitchen-ready room,' indicating additional investment is needed to complete a full second kitchen.

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