Score
0Berkeley, CA
1227 Carleton St
1.0M
2 beds
1 baths
1,050 sqft
2 bd • 1 ba • 1,050 sf
This analysis was generated on 2/17/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,026,600
Price/Sq.Ft
$978
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Location in Berkeley: The property benefits from its location in Berkeley, a desirable city known for its academic environment, cultural attractions, and proximity to the San Francisco Bay Area.
• Proximity to Amenities: The property is likely located near local amenities such as shops, restaurants, parks, and public transportation, enhancing its convenience and appeal.
• Potential for Customization: The lack of detailed property features allows buyers to personalize and renovate the home to their specific tastes and needs.
• Access to Rental Market: The presence of UC Berkeley creates a strong rental market, offering potential income opportunities for investors. The median rental rate for a two-bedroom unit is $2,405.
The Bad
• Limited Information: The lack of a property description, room details, and utility information makes it difficult to assess the property's true condition and potential.
• Unknown Year Built: The unknown construction year raises concerns about potential structural issues, outdated systems, and the need for extensive renovations.
• High Price per Square Foot: At $977.71 per square foot, this property is priced significantly higher than the national average, potentially limiting its appeal to budget-conscious buyers.
• Limited Number of Bathrooms: Having only one bathroom may be inconvenient for larger households or those who value privacy.
The Ugly
• Potential for Hidden Issues: The unknown year built and lack of property details suggest the possibility of underlying structural problems, pest infestations, or outdated systems that could require costly repairs.
• High Property Taxes: As a recent purchase, the property will be subject to a new property tax assessment based on the sale price, potentially resulting in significantly higher annual taxes compared to older, similar properties.
• Competition and Overbidding: The competitive Berkeley market could lead to bidding wars, potentially forcing buyers to pay significantly more than the property's actual value.
• Earthquake Risk and Retrofitting Costs: Berkeley's location near the Hayward Fault necessitates seismic risk assessment and potential retrofitting, adding substantial costs and complexities to the purchase.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Starter Home or Investment Property: This property offers a relatively affordable entry point into the competitive Berkeley market, suitable for those comfortable with a smaller living space. The current rental rates for two-bedroom units in Berkeley average $2,405, indicating potential rental income for investors.
• Individuals Prioritizing Location and Accessibility: Situated in Berkeley, the property benefits from proximity to local amenities, transportation, and the UC Berkeley campus, making it attractive to those who value convenience.
• Buyers Comfortable with Potential Renovation Projects: Given the unknown year built and lack of detailed property information, this house may appeal to buyers interested in renovation or customization projects to increase its value and appeal.
• Individuals Prioritizing a Smaller Footprint: At 1,050 square feet, this home is suited to those looking to minimize their environmental impact or reduce maintenance responsibilities.
Not For
• Buyers Requiring Ample Living Space: With only 1,050 square feet, this house might not be suitable for larger households or those who prefer spacious interiors.
• Individuals Seeking a Move-In Ready Home: The lack of property details and the unknown build year suggest potential for necessary repairs or updates, making it less ideal for buyers seeking a turnkey property.
• Buyers Sensitive to Noise or Parking Issues: Depending on the specific location within Berkeley, the proximity to UC Berkeley and student housing could result in noise and parking challenges.
• Individuals Unwilling to Undertake Renovation Projects: The property's condition and potential for necessary updates may deter buyers who prefer not to engage in renovation or remodeling work.
Demographics
Area Median Income
$86,058
Property History
Price History
Ownership Timeline
$545,000Financed
Jun 7, 2013Gordie Slade Holt, Angeline Autry Mcelroy EstateJean Drapp, Jena Parson
Grant Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$2,405
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,026,600
Price/sqft
$978
Layout
2 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$975,333
5.3%
Your price is 5.3% above average
Median Price
$995,000
3.2%
Based on 6 recent sales
Price per Sq.Ft
$938
4.2%
Your price is 4.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1402 Dwight Way, Berkeley, CA 94702 | $1,230,000 | 1,111 | 2 | 1 | $1,10713.2% | 1/21/2025 |
| 1300 Blake St, Berkeley, CA 94702 | $1,576,000 | 1,121 | 2 | 1 | $1,40643.8% | 1/16/2025 |
| 2014 Hearst AVE #B, Berkeley, CA 94709 | $600,000 | 871 | 2 | 1 | $68929.5% | 1/16/2025 |
| 2014 Hearst Avenue #B, Berkeley, CA 94709 | $600,000 | 871 | 2 | 1 | $68929.5% | 1/10/2025 |
| 1902 Sacramento St, Berkeley, CA 94702 | $851,000 | 1,067 | 2 | 1 | $79818.4% | 10/31/2024 |
| 1534 Russell Street, Berkeley, CA 94703 | $995,000 | 1,056 | 2 | 1 | $9423.6% | 10/25/2024 |
1402 Dwight Way, Berkeley, CA 94702
Price: $1,230,000
Sq.Ft: 1,111
Beds/Baths: 2/1
$/Sq.Ft:
$1,10713.2%
Sale Date: 1/21/2025
1300 Blake St, Berkeley, CA 94702
Price: $1,576,000
Sq.Ft: 1,121
Beds/Baths: 2/1
$/Sq.Ft:
$1,40643.8%
Sale Date: 1/16/2025
2014 Hearst AVE #B, Berkeley, CA 94709
Price: $600,000
Sq.Ft: 871
Beds/Baths: 2/1
$/Sq.Ft:
$68929.5%
Sale Date: 1/16/2025
2014 Hearst Avenue #B, Berkeley, CA 94709
Price: $600,000
Sq.Ft: 871
Beds/Baths: 2/1
$/Sq.Ft:
$68929.5%
Sale Date: 1/10/2025
1902 Sacramento St, Berkeley, CA 94702
Price: $851,000
Sq.Ft: 1,067
Beds/Baths: 2/1
$/Sq.Ft:
$79818.4%
Sale Date: 10/31/2024
1534 Russell Street, Berkeley, CA 94703
Price: $995,000
Sq.Ft: 1,056
Beds/Baths: 2/1
$/Sq.Ft:
$9423.6%
Sale Date: 10/25/2024
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