8 Water St, Bay Point, California 94565, Bay Point, 94565 - 3 bed, 2 bath
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8 Water St
Bay Point, California 94565
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,159Sq Ft
6,000Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$484,746
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $484,747 Fair Market Value by -2%. Featuring a Condition Rating of 5, the home requires a full interior modernization, including electrical and cosmetic updates. The property offers a solid foundation with dual-pane windows and an enclosed patio on a 6,000 sqft lot. This asset is ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a commuter-friendly location.
Estimated Market Value
$484,746
Based on Realkey algorithm analyzing recent comparable sales in Bay Point.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8 Water St Subject | $499,000* List Price | 3 | 2 | 1,159 | $418 | - |
A 29 Anchor Dr. Sold | $525,000 | 4 | 2 | 1,060 | $495 | 0.8 mi |
B 84 Canal Drive Sold | $545,000 | 4 | 2 | 1,387 | $393 | 0.8 mi |
C 92 Delta Dr Sold | $469,000 | 3 | 1 | 955 | $491 | 0.8 mi |
D 3438 Gregory Dr Sold | $530,000 | 3 | 2 | 1,120 | $473 | 0.6 mi |
E 200 Riverside Pl Active | $565,000 List Price | 3 | 2 | 1,206 | $468 | 0.3 mi |
* 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 1952 and maintained by the original owner, the home features extremely dated interiors including wood paneling, 30+ year old carpeting, and original-style linoleum. While the structure appears well-kept and includes dual-pane windows, the kitchen, bathrooms, and electrical systems are significantly past their modern functional life, requiring a full rehab to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Pride of Ownership
Owned by the original owner since 1952, this home offers a solid foundation and a history of long-term care, providing a reliable base for future improvements.
- Enhanced Outdoor Living
The property features a low-maintenance yard with mature fruit trees, an established watering system, and an enclosed patio, offering versatile space for relaxation and gardening.
- Commuter-Friendly Location
Ideally situated just minutes from major freeway access, shopping, and dining, this home provides excellent convenience for daily errands and regional commuting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Renovation Required
Built in 1952 and marketed as an opportunity to update, the home likely requires significant cosmetic and functional modernization to meet contemporary buyer expectations.
- Modest School Ratings
The assigned public schools have lower-than-average ratings (ranging from 3 to 4), which may impact the property's appeal to families focused on top-tier educational performance.
About 8 Water St
Welcome to a home with a story! Owned by the original owner since it was built, this 3-bedroom, 2-bath home is ready for its next chapter. A solid home with incredible potential, offering the perfect opportunity to update, personalize, and make it your own. Inside, you’ll find a beautiful custom brick fireplace with built-in cabinetry, dual-pane windows, and an enclosed patio offering additional space to enjoy. Outside, mature fruit trees and established plants add charm to the low-maintenance yard, complete with a watering system to help make upkeep a breeze. Conveniently located just minutes from shopping, dining, and freeway access. A special opportunity to bring your vision to a home that has been loved by the same owner for generations!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- 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
Bay Point Unified Schools
Rio Vista Elementary School
Grades K-5 • 1.1 mi
4/10
Riverview Middle School
Grades 6-8 • 0.7 mi
3/10
Mt. Diablo High School
Grades 9-12 • 5.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,159 | 1,253.136 |
| Lot Size | 6,000 | 5,710.091 |
| Price | $499.0K | $559.4K |
| Price per sq ft | $431 | $436 |
| Built year | 1952 | 1969 |
| HOA | $0 | $94 |
| Days on market | 7 | 49 |
Pricing History
Listed for Sale
Sep 2, 2026
$499,000
Initial Listing