947 8th St, Richmond, California 94801, Richmond, 94801 - 2 bed, 1 bath
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947 8th St
Richmond, California 94801
ACTIVE
CONDITION: FAIR
2Beds
1Baths
827Sq Ft
4,000Lot Size
Property Price
LIST PRICE$384,000
EST. MARKET VALUE
$371,487
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $384,000—positioned well below the $371,488 Fair Market Value by -3%. While the home maintains a Condition Rating of 4, its 1912 vintage and "AS-IS" status signal a clear value-add project. Featuring a spacious fenced backyard and long driveway, the asset offers functional utility for future tenants. Given the low-rated local schools, this property is best suited for Buy-and-Hold Investors or first-time buyers focused on long-term equity growth through renovation.
Estimated Market Value
$371,487
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 947 8th St Subject 2 bd · 1 ba · 827 sqft · $449 | $384,000* List Price | 2 | 1 | 827 | $449 | - |
A 860 860 7th St Sold 3 bd · 1 ba · 1,038 sqft · $381 · 0.1 mi | $395,000 | 3 | 1 | 1,038 | $381 | 0.1 mi |
B 634 8th St Sold 4 bd · 2 ba · 1,100 sqft · $355 · 0.4 mi | $390,000 | 4 | 2 | 1,100 | $355 | 0.4 mi |
C 1100 Pennsylvania Ave Sold 2 bd · 1 ba · 793 sqft · $441 · 0.4 mi | $350,000 | 2 | 1 | 793 | $441 | 0.4 mi |
D 1912 Lincoln Ave Sold 3 bd · 1 ba · 810 sqft · $481 · 0.6 mi | $390,000 | 3 | 1 | 810 | $481 | 0.6 mi |
E 1926 Dunn Ave Sold 2 bd · 1 ba · 850 sqft · $524 · 0.6 mi | $445,000 | 2 | 1 | 850 | $524 | 0.6 mi |
F 710 11th Street Sold 3 bd · 2 ba · 936 sqft · $459 · 0.4 mi | $430,000 | 3 | 2 | 936 | $459 | 0.4 mi |
G 708 11th St Sold 3 bd · 2 ba · 1,130 sqft · $354 · 0.4 mi | $400,000 | 3 | 2 | 1,130 | $354 | 0.4 mi |
H 249 15th St Pending 2 bd · 1 ba · 887 sqft · $366 · 0.9 mi | $325,000 List Price | 2 | 1 | 887 | $366 | 0.9 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 1912, this century-old home features dated finishes like tile countertops and laminate flooring. The 'AS-IS' sale condition and lack of mentioned system upgrades suggest the property is functional but requires minor repairs and modernization of its aged infrastructure.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Listed at $384,000, this property represents a rare affordable entry point into the Bay Area single-family housing market, making it highly attractive for first-time buyers or investors.
- Generous Outdoor Space
The home features a spacious fenced backyard and a long driveway, providing significant utility for outdoor living, gardening, and secure off-street parking.
- Functional Interior Finishes
The inclusion of laminate flooring and tile countertops offers a clean, updated aesthetic that reduces the immediate need for cosmetic renovations upon move-in.
CONSRISKS & DEFICIENCIES
- As-Is Condition and Age
Built in 1912 and sold strictly in as-is condition, the property likely requires significant capital expenditure for structural, electrical, or plumbing updates typical of century-old homes.
- Low School Ratings
The local assigned schools have low performance ratings (ranging from 1 to 3), which may be a deterrent for families and could impact long-term resale value.
About 947 8th St
This charming 2-bedroom, 1-bathroom home is located in the Iron Triangle neighborhood. It features laminate flooring, tile countertops, a long driveway, and a spacious fenced backyard. This is a fantastic opportunity at this price! The home will be sold AS-IS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Peres Elementary School
Grades K-6 • 0.3 mi
3/10
Lincoln Elementary School
Grades K-6 • 1.0 mi
3/10
Washington Elementary School
Grades K-6 • 1.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 1.7 |
| Square foot | 827 | 1,182.264 |
| Lot Size | 4,000 | 5,000 |
| Price | $384.0K | $667.7K |
| Price per sq ft | $464 | $537 |
| Built year | 1912 | 1947 |
| HOA | $0 | $152 |
| Days on market | 15 | 39 |
Pricing History
Listed for Sale
Oct 9, 2026
$384,000
Initial Listing
Sold
Jul 14, 2022
$348,000
Public Record
Sold
Feb 18, 2009
$40,000
Public Record
Sold
Nov 3, 2004
$320,000
Public Record
Sold
Jun 2, 2004
$210,000
Public Record