98 Anchor Dr, Bay Point, California 94565, Bay Point, 94565 - 2 bed, 1 bath
ACTIVE$370,000$742/sqft
Est. Value: $359,265
-2%
FairlyEstimate
98 Anchor Dr, Bay Point, California 94565
2Beds
1Bath
742Sqft
5,000Lot
Price Vs. Estimate
The estimated value ($359,265.02) is $10,734.98 (2%) lower than the list price ($370,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Investment Potential: The property is priced well and offers significant upside for hands-on buyers or contractors, with improved homes in this size range selling for considerably more than the asking price.
Top Cons:
Extensive Renovation Required: The property is explicitly stated as 'ready for a facelift' and an opportunity to 'improve it to their liking,' indicating a need for significant cosmetic and potentially functional updates.
Compared to the nearby listings
Price:$370.0K vs avg $580.0K ($-210,000)4%
Size:742 sqft vs avg 1,497 sqft3%
Price/sqft:$499 vs avg $37589%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952, this property requires substantial rehabilitation. The kitchen features very dated appliances, old cabinets, and laminate countertops, indicating a complete overhaul is needed. While the bathroom has a newer vanity, the tub/shower combo is basic and dated. Flooring includes worn carpets and older laminate, and the cooling system is an inefficient wall-mounted unit. The overall condition, as described by the listing agent as 'ready for a facelift' and suitable for a 'hands-on buyer or contractor,' points to significant cosmetic and functional updates required throughout the home.
Year Built
1952
Close
-
List price
$370K
Original List price
$370K
Price/Sqft
$499
HOA
-
Days on market
-
Sold On
-
MLS number
41120338
Home ConditionPoor
Features
View-
About this home
Great opportunity for those who have always wanted to buy a home and improve it to their liking...This little gem has been well-maintained for many years and is now ready for a facelift. Located on a level corner lot in Shore Acres, the home is close to shopping, schools, BART and major commute routes. The home is priced well and offers significant upside to a hands-on buyer or contractor. Improved homes in this size range are selling for much more than the asking price offering someone with vision an opportunity to seize the American Dream of home ownership.There is a permitted storage unit/workshop on site that could become a potential ADU. The home will receive alot of attention, so don't delay, act now and take advantage of this rare opportunity.,
G
Gregory Watkins
Listing Agent
Nearby schools
2/10
Shore Acres Elementary School
Public,•K-5•0.4mi
4/10
Rio Vista Elementary School
Public,•K-5•0.7mi
3/10
Riverview Middle School
Public,•6-8•0.2mi
3/10
Mt. Diablo High School
Public,•9-12•5.4mi
Condition Rating
Poor
Built in 1952, this property requires substantial rehabilitation. The kitchen features very dated appliances, old cabinets, and laminate countertops, indicating a complete overhaul is needed. While the bathroom has a newer vanity, the tub/shower combo is basic and dated. Flooring includes worn carpets and older laminate, and the cooling system is an inefficient wall-mounted unit. The overall condition, as described by the listing agent as 'ready for a facelift' and suitable for a 'hands-on buyer or contractor,' points to significant cosmetic and functional updates required throughout the home.
Pros & Cons
Pros
High Investment Potential: The property is priced well and offers significant upside for hands-on buyers or contractors, with improved homes in this size range selling for considerably more than the asking price.
Strategic Location: Benefits from excellent proximity to essential amenities including shopping, schools, BART, and major commute routes, enhancing convenience and desirability.
ADU Conversion Opportunity: Features a permitted storage unit/workshop on-site with clear potential for conversion into an Accessory Dwelling Unit (ADU), offering future income generation or expanded living space.
Desirable Corner Lot: Situated on a level corner lot in Shore Acres, providing enhanced curb appeal, potentially more natural light, and greater flexibility for landscaping or expansion.
Solid Foundation & Maintenance: Described as 'well-maintained for many years,' indicating a solid underlying structure and care, providing a good base for future improvements.
Cons
Extensive Renovation Required: The property is explicitly stated as 'ready for a facelift' and an opportunity to 'improve it to their liking,' indicating a need for significant cosmetic and potentially functional updates.
Dated Construction (1952): Built in 1952, the home likely features older systems and finishes that may require modernization, potentially incurring substantial renovation costs beyond cosmetic upgrades.
Limited Living Space: With only 742 square feet, the property offers a compact living area, which may be a constraint for buyers seeking more spacious accommodations or for growing families.