638 Eucalyptus Way, Alameda, California 94501, Alameda, 94501 - 4 bed, 4 bath
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638 Eucalyptus Way
Alameda, California 94501
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,377Sq Ft
0Lot Size
Property Price
LIST PRICE$1,425,000
EST. MARKET VALUE
$1,499,000
4% BelowMARKET VALUE
SUMMARY
This Modern Single Family Residence is a Strong Value Opportunity, listed at $1,425,000—positioned well below the $1,499,000 Fair Market Value by 4%. This valuation gap offers $74,000 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this 2021-built home includes a designer kitchen with quartz waterfall island, owned solar panels, and a large second-floor patio. Ideally located for commuters near ferry terminals, this property is perfect for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, energy-efficient lifestyle.
Estimated Market Value
$1,499,000+$74,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Alameda.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 638 Eucalyptus Way Subject 4 bd · 4 ba · 2,377 sqft · $631 | $1,425,000* List Price | 4 | 4 | 2,377 | $631 | - |
A 646 646 Eucalyptus Way Sold 4 bd · 4 ba · 2,401 sqft · $625 · 0.0 mi | $1,500,000 | 4 | 4 | 2,401 | $625 | 0.0 mi |
B 2421 Haile St Sold 4 bd · 3 ba · 2,361 sqft · $625 · 0.5 mi | $1,475,000 | 4 | 3 | 2,361 | $625 | 0.5 mi |
C 415 Dewitt Ln Sold 4 bd · 4 ba · 2,510 sqft · $588 · 0.2 mi | $1,475,000 | 4 | 4 | 2,510 | $588 | 0.2 mi |
D 2762 Bette St Sold 3 bd · 3 ba · 2,131 sqft · $644 · 0.2 mi | $1,372,000 | 3 | 3 | 2,131 | $644 | 0.2 mi |
E 2361 Coral Sea St Sold 3 bd · 4 ba · 2,825 sqft · $611 · 0.6 mi | $1,725,000 | 3 | 4 | 2,825 | $611 | 0.6 mi |
F 2331 Haile St Sold 3 bd · 3 ba · 2,219 sqft · $732 · 0.6 mi | $1,625,000 | 3 | 3 | 2,219 | $732 | 0.6 mi |
G 2825 Crusader St Active 4 bd · 4 ba · 2,377 sqft · $626 · 0.1 mi | $1,488,800 List Price | 4 | 4 | 2,377 | $626 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2021, this property is less than 10 years old and in mint condition. It features a modern open-concept layout, a designer kitchen with a quartz waterfall island, pristine contemporary bathrooms with a freestanding tub, and high-end modern systems including quad-zone AC and owned solar panels.
PROSSTRENGTHS & OPPORTUNITIES
- Modern & Energy Efficient
Built in 2021, this home features owned solar panels and an EV-ready garage, offering significant long-term utility savings and modern sustainability standards.
- Commuter's Paradise
Ideally located near the free water shuttle and two ferry terminals, providing a convenient 20-minute commute to San Francisco and easy access to Jack London Square.
- Upscale Interior Design
The residence boasts a designer kitchen with quartz waterfall islands, quad-zone climate control, and a versatile 4-bedroom, 4-bathroom layout perfect for luxury living.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 55 days on the market and a recent $50,000 price reduction, the property may be facing challenges in matching current buyer price expectations in the local market.
- Equipment Exclusions
Despite being marketed with smart technology, the sale excludes essential hardware like WiFi routers, switches, and security cameras, requiring immediate additional investment and setup by the buyer.
About 638 Eucalyptus Way
Experience the perfect blend of luxury, style and convenience in this Breeze single family residence built in 2021 in Alameda's Bay 37 community. This upscale residence features an open concept floor plan, designer kitchen, bright ensuite bedrooms, and smart home technology. Our upgraded kitchen includes quartz counters, quartz waterfall island, 36-inch cooktop, stainless steel appliances, a walk-in pantry. Additional highlights include premium flooring, recessed lighting, ceiling fans, quad zone heating cooling AC cassette units, indoor side-by-side laundry, a large second floor patio, owned solar panels, and a two-car garage with EV charger ready receptacle. Walking out of the door, you are a few steps away from the free water shuttle to Jack London Square and shops at Alameda Landing. There are also two Ferry Terminals (Alameda and Oakland) to choose from for your commute to San Francisco. The ride time can be as little as 20 minutes. Note: WiFi routers and switches/modem in garage are not included; Security cameras mounted outside are not included.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2021
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $233.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,377 | 1,790.196 |
| Lot Size | - | 4,403.078 |
| Price | $1.43M | $1.42M |
| Price per sq ft | $599 | $831 |
| Built year | 2021 | 1928 |
| HOA | $233.0 | $269 |
| Days on market | 87 | 37 |
Pricing History
Listed for Sale
Sep 25, 2026
$1,425,000
$1,449,000
-2% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$1,449,000
$1,499,000
-3% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$1,499,000
Initial Listing
Sold
Dec 20, 2021
$1,422,000
Public Record