982 982 Grizzly Peak Blvd, Berkeley, California 94708, Berkeley, 94708 - 4 bed, 3 bath
982 982 Grizzly Peak Blvd
Berkeley, California 94708
Property Price
SUMMARY
Analysis of 982 982 Grizzly Peak Blvd, Berkeley, California 94708 reveals a Prime Investment Opportunity with a current list price of $1,195,000—significantly undercutting the $1,467,469 Fair Market Value by 18%. This valuation gap indicates a +$272,469 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 982 982 Grizzly Peak Blvd Subject | $1,195,000* List Price | 4 | 3 | 2,469 | $594 | - |
A 1125 High Court Sold | $1,250,000 | 4 | 2 | 2,096 | $596 | 0.4 mi |
B 1125 Keith Avenue Sold | $1,462,500 | 3 | 3 | 2,407 | $608 | 0.4 mi |
C 1024 1024 Miller Avenue Active | $1,495,000 List Price | 4 | 3 | 2,624 | $570 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1939 Berkeley Hills home is in move-in ready condition with significant high-value updates including an engineered seismic retrofit, new roof, updated electrical, and dual-pane windows. The interior features an updated open kitchen and a deluxe primary suite, though the home maintains its vintage charm rather than being a complete contemporary new-build.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Bay Views
The property boasts expansive, 'jaw-dropping' views of the San Francisco Bay, Golden Gate Bridge, and city skyline from nearly every room and multiple private decks.
- Flexible Income Potential
A separate lower-level one-bedroom suite with its own kitchen and outdoor space provides excellent versatility for multi-generational living or significant rental income potential.
- Extensive Modern Upgrades
The home features critical high-value improvements including an engineered seismic retrofit, a new roof, updated electrical, and dual-pane windows, mitigating common risks associated with 1930s hillside construction.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Hillside Accessibility
Situated high in the Berkeley Hills on Grizzly Peak Blvd, the location involves navigating winding roads and offers limited walkability to shops and services compared to lower-elevation neighborhoods.
- Hillside Lot Maintenance
The terraced garden and hillside topography, while well-utilized with a sport court, typically require more intensive long-term maintenance and drainage management than a standard flat lot.
About 982 982 Grizzly Peak Blvd
Expansive Bay, Bridge and SF views define this sun-filled Berkeley Hills charmer with a flexible layout and exceptional indoor-outdoor flow. The primary living area offers 3+ bedrooms and 2 full baths, plus a separate (or connected) lower-level 1-bedroom, 1-bath suite with its own kitchen, outdoor space, and stunning views—ideal for guests, extended family, or income potential. The open kitchen, dining, and living areas connect seamlessly to a solid and low-maintenance deck through French doors. Head upstairs to 2+ bedrooms with a deluxe primary suite plus a bonus room/office, private deck, and jaw-dropping views from nearly every angle. Modern upgrades include an engineered seismic retrofit, new roof, updated electrical, central heat, laundry room, and dual-pane windows. A large, sunny garden with grassy play space, terraced beds, and a flat sport court completes your outdoor lifestyle. Prime Berkeley Hills location near Marin Avenue, Tilden Park, and easy access to Solano and Downtown. Home Energy score 2. Simply a must-see. Open Saturday and Sunday 2–4:30pm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 5,754 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
Cragmont Elementary School
Grades K-5 • 0.2 mi
Oxford Elementary School
Grades K-5 • 0.7 mi
Thousand Oaks Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 2,469 | 1,927 | 73% |
| Lot Size | 5,754 | 5,783.5 | 50% |
| Price | $1.20M | $1.58M | 17% |
| Price per sq ft | $484 | $820 | 6% |
| Built year | 1939 | 1951 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 161 | 2% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,195,000
Initial Listing
Sold
Sep 23, 2011
$725,000
Public Record
Sold
Apr 21, 2008
$1,075,000
Public Record
Sold
Jun 2, 2000
$560,000
Public Record