988 Franklin Street 710, Oakland, California 94607, Oakland, 94607 - 1 bed, 1 bath
ACTIVE$329,000$563/sqft
988 Franklin Street 710, Oakland, California 94607
1Bed
1Bath
563Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Transit Access: Located in the heart of Chinatown, offering exceptional urban convenience with immediate access to BART and essential services (bank, restaurants, library, health center) within the building itself.
Top Cons:
High Monthly HOA Fee: The $789.0 monthly HOA fee is substantial for a 1-bedroom, 1-bathroom unit, which could impact overall affordability and long-term ownership costs.
Compared to the nearby listings
Price:$329.0K vs avg $405.0K ($-76,000)20%
Size:563 sqft vs avg 944 sqft2%
Price/sqft:$584 vs avg $44395%
More Insights
Built in 1993 (33 years old).
Condition: The property, built in 1993, benefits significantly from 'beautiful new floor and fresh paint,' making it move-in ready. While the kitchen features dated cabinets and an older refrigerator, it includes a newer-looking range and dishwasher, and the granite-look countertops are functional. The bathroom is clean and functional, though its vanity and flooring show signs of being outdated. The recent cosmetic updates throughout the main living areas elevate the overall condition to 'Good,' as no immediate major renovations are required, despite some components showing their age.
Year Built
1993
Close
-
List price
$329K
Original List price
$329K
Price/Sqft
$584
HOA
$789
Days on market
-
Sold On
-
MLS number
41120799
Home ConditionGood
Features
Good View:
View-
About this home
Beautiful new floor and fresh paint 1bed 1bath condo located in the heart of Chinatown. Built in 1993 high raise building with elevators, big windows face to Southeast can see the elegant water fountain! Security building with one designated garage parking. Near BART, same building has bank, restaurants, library, and health center. Big roof garden. Laundry room is in the same floor. HOA fee includes cold and hot water, garbage and building insurance, etc. Open house on Saturday and Sunday Jan. 17, 18, 24, 25 at 11:00am-4:00pm. Please come to see this unique unit!
Y
Yang Cao
Listing Agent
Nearby schools
8/10
Lincoln Elementary School
Public,•K-5•0.2mi
2/10
Westlake Middle School
Public,•6-8•1.1mi
7/10
Oakland Technical High School
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•2.3mi
2/10
Fremont High
Public,•9-12•3.8mi
Price History
Date
Event
Price
07/30/21
Sold
$350,000
Condition Rating
Good
The property, built in 1993, benefits significantly from 'beautiful new floor and fresh paint,' making it move-in ready. While the kitchen features dated cabinets and an older refrigerator, it includes a newer-looking range and dishwasher, and the granite-look countertops are functional. The bathroom is clean and functional, though its vanity and flooring show signs of being outdated. The recent cosmetic updates throughout the main living areas elevate the overall condition to 'Good,' as no immediate major renovations are required, despite some components showing their age.
Pros & Cons
Pros
Prime Location & Transit Access: Located in the heart of Chinatown, offering exceptional urban convenience with immediate access to BART and essential services (bank, restaurants, library, health center) within the building itself.
Move-in Ready Condition: The condo features 'beautiful new floor and fresh paint,' providing a turn-key experience for the buyer and reducing immediate renovation expenses.
Comprehensive Building Amenities: The high-rise building offers desirable amenities including elevators, a secure entry system, one designated garage parking space, and a large roof garden for residents.
HOA Value Inclusions: The HOA fee covers significant utilities such as cold and hot water, garbage, and building insurance, simplifying monthly budgeting for the owner.
Pleasant Views & Natural Light: Big windows facing Southeast provide views of an elegant water fountain and ensure ample natural light throughout the unit.
Cons
High Monthly HOA Fee: The $789.0 monthly HOA fee is substantial for a 1-bedroom, 1-bathroom unit, which could impact overall affordability and long-term ownership costs.
Compact Living Space: With only 563 square feet, the unit offers limited living space, which may not appeal to all buyer preferences or needs for larger accommodations.
Potential for Value Depreciation: The current list price of $329,000 is lower than its last recorded sale price of $350,000 in 2021, which might raise concerns about market value stability or future appreciation potential.