Score
0Berkeley, CA
1411 Parker St
1.3M
3 beds
4 baths
2,942 sqft
3 bd • 4 ba • 2,942 sf
This analysis was generated on 2/11/2025. 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
$1,273,440
Price/Sq.Ft
$433
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• **Desirable Location:** The property is located in Berkeley, CA, a highly desirable area known for its proximity to UC Berkeley, cultural attractions, and vibrant community.
• **Spacious Size:** With 2,942 square feet, the house offers ample living space, making it suitable for families or individuals who value room to spread out. This size is above average for Berkeley homes, which often feature smaller footprints due to lot constraints.
• **Multiple Bathrooms:** The presence of 4 bathrooms is a significant advantage, especially for larger households. This feature can also increase the property's appeal to renters.
• **Proximity to Amenities:** Berkeley offers a wide range of amenities, including top-rated schools, parks, restaurants, and shopping areas. The property's location likely provides convenient access to these resources.
The Bad
• **Unknown Property Condition:** The lack of a property description and room details makes it impossible to assess the home's current condition. This increases the risk of unexpected repairs and renovations, adding to the overall cost.
• **High Price per Square Foot:** At $432.85 per square foot, the property is priced competitively for Berkeley, but still represents a significant investment. Compared to national averages, this is considerably higher, reflecting Berkeley's premium market.
• **Limited Information:** The absence of property features and utility information hinders a comprehensive evaluation. This lack of transparency makes it difficult to compare the property to similar listings and assess its true value.
The Ugly
• **Potential for High Renovation Costs:** Given the unknown build year and lack of property details, there's a high likelihood of needing significant renovations. Outdated systems, structural issues, and cosmetic updates can quickly escalate costs. Budgeting conservatively, renovations could range from $50,000 to $200,000+ depending on the scope.
• **High Property Taxes:** California's property taxes are based on the purchase price, which can be substantial in Berkeley. New buyers will pay taxes based on the $1,273,440 price, potentially exceeding $1,000 per month. This significantly increases the monthly cost of ownership.
• **Earthquake Risk:** Berkeley's location near the Hayward Fault poses a serious earthquake risk. Earthquake insurance is highly recommended, but it can be expensive. Additionally, older homes may require seismic retrofitting to improve their structural stability, adding to the overall expense.
• **Hillside Foundation Issues:** If the property is located on a hillside, it may be susceptible to foundation problems. Addressing these issues can be extremely costly, potentially involving extensive excavation and structural repairs.
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
• Growing families seeking a spacious home in a vibrant, transit-accessible Berkeley neighborhood, who value proximity to amenities and don't mind potential renovation projects. The four bathrooms are a plus for larger households.
• Investors looking for a rental property in a high-demand area. The property's size and location make it suitable for attracting tenants, especially given Berkeley's strong rental market and proximity to UC Berkeley.
• Buyers who appreciate Berkeley's unique cultural and political environment and desire to be part of a diverse community. This area offers a blend of urban and suburban living with access to local shops, restaurants, and cultural attractions.
• Individuals comfortable with the competitive Berkeley real estate market and prepared for potential bidding wars and renovation expenses. The property's price point and potential condition suggest it may require some upgrades to meet modern standards.
Not For
• Buyers seeking a move-in-ready home without renovations. The absence of property and room details suggests potential updates or repairs may be needed.
• Individuals with strict budgets or those averse to bidding wars. Berkeley's competitive market often requires exceeding the asking price, increasing the overall cost of purchase.
• Those prioritizing large lot sizes or extensive outdoor space. The property details don't mention lot size, and hillside properties may have limited usable land.
• Buyers sensitive to noise or parking challenges associated with student housing areas. Proximity to UC Berkeley may present these issues.
Demographics
Area Median Income
$86,058
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 15, 2021Teri Katrina Pendleton, The Theodore R Pendleton Revocable TrustTeri Katrina Pendleton, Teri K Pendleton Revocable Trust
Gift Deed
Non-Arm's Length Transactions
$0Cash Purchase
Dec 15, 2000Theodore R PendletonTheodore R Pendleton, The Theodore R Pendleton Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Sep 28, 2000Dorothy Marie Pendleton, Theodore R PendletonTheodore R Pendleton
Affidavit Of Death
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,658
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,273,440
Price/sqft
$433
Layout
3 bd•4 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,362,633
6.5%
Your price is 6.5% below average
Median Price
$1,100,000
15.8%
Based on 6 recent sales
Price per Sq.Ft
$461
6.1%
Your price is 6.1% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2112 Ashby . Avenue, Berkeley, CA 94705 | $950,000 | 3,262 | 3 | 4 | $29132.7% | 2/11/2025 |
| 740 Alcatraz Avenue, Oakland, CA 94609 | $1,100,000 | 2,413 | N/A | N/A | $4565.3% | 2/11/2025 |
| 2112 Ashby Ave., Berkeley, CA 94705 | $950,000 | 3,262 | 3 | N/A | $29132.7% | 11/2/2024 |
| 3219 Idaho St, Berkeley, CA 94702 | $775,800 | 2,516 | 4 | 3 | $30828.8% | 10/31/2024 |
| 904 Bancroft Way, Berkeley, CA 94710 | $1,400,000 | 3,351 | N/A | N/A | $4183.5% | 10/22/2024 |
| 2729 Fulton St, Berkeley, CA 94705 | $3,000,000 | 3,000 | 4 | 3 | $1,000131.0% | 9/6/2024 |
2112 Ashby . Avenue, Berkeley, CA 94705
Price: $950,000
Sq.Ft: 3,262
Beds/Baths: 3/4
$/Sq.Ft:
$29132.7%
Sale Date: 2/11/2025
740 Alcatraz Avenue, Oakland, CA 94609
Price: $1,100,000
Sq.Ft: 2,413
Beds/Baths: N/A/N/A
$/Sq.Ft:
$4565.3%
Sale Date: 2/11/2025
2112 Ashby Ave., Berkeley, CA 94705
Price: $950,000
Sq.Ft: 3,262
Beds/Baths: 3/N/A
$/Sq.Ft:
$29132.7%
Sale Date: 11/2/2024
3219 Idaho St, Berkeley, CA 94702
Price: $775,800
Sq.Ft: 2,516
Beds/Baths: 4/3
$/Sq.Ft:
$30828.8%
Sale Date: 10/31/2024
904 Bancroft Way, Berkeley, CA 94710
Price: $1,400,000
Sq.Ft: 3,351
Beds/Baths: N/A/N/A
$/Sq.Ft:
$4183.5%
Sale Date: 10/22/2024
2729 Fulton St, Berkeley, CA 94705
Price: $3,000,000
Sq.Ft: 3,000
Beds/Baths: 4/3
$/Sq.Ft:
$1,000131.0%
Sale Date: 9/6/2024
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