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3 West Cir
Score
0
Oakland, CA

3 West Cir

2.6M
4 bd • 5 ba • 3,994 sf

This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$2,600,000

Price/Sq.Ft

$651

Year Built

2018

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Excellent Location in Montclair: The property is situated in the desirable Montclair neighborhood, known for its charm, excellent schools (Montclair Elementary School has a rating of 7/10), and proximity to Montclair Village. The median income in the area is $147,080, indicating a high-income neighborhood. • Custom-Built Home with Modern Amenities: The 2018 construction date ensures modern amenities and updated building codes. The home features a well-designed layout with an open-concept kitchen and family room, ideal for entertaining. • Spacious and Luxurious: With 3,994 square feet, 4 bedrooms, and 5 bathrooms, the home offers ample space for comfortable living. The en-suite bathrooms for each bedroom provide privacy and convenience. The median square footage of homes sold in Oakland is 1,500 sqft; this property is more than double that. • Large Lot: The 12,719-square-foot lot provides ample outdoor space for recreation and relaxation. This is larger than the average lot size in Montclair, which is around 10,000 square feet. • Low Flood and Wind Risk: The property has minimal flood and wind risk (1/10), reducing the likelihood of related insurance claims and property damage. The property is in FEMA Zone X, which is an area determined to be outside the 0.2% annual chance floodplain.

The Bad

• Average Middle and High School Ratings: Montera Middle School and Skyline High School have ratings of 5/10, which may be a concern for families prioritizing education. This could impact the long-term resale value for families. • High Property Crime Rate: The property crime rate is 70.1% higher than the state average and 103.9% higher than the national average. This is a significant concern that could affect insurance rates and peace of mind. The increase in property crimes from 417 in 2022 to 448 in 2023 is also concerning. • Severe Air Quality Risk: With a score of 8/10 and 14 bad air days per year, the air quality is a significant concern. This could be particularly problematic for individuals with respiratory issues. The air quality in Oakland is in the bottom 5% percentile in California. • Limited Upside: The home has been on and off the market since 2024 with no sale, suggesting the home is priced appropriately and the buyer will likely not get a deal on this property.

The Ugly

• High Price per Square Foot: At $650.98 per square foot, the property is more expensive than the average price per square foot in Oakland, which is around $600. This premium may not be justified for all buyers. • High Estimated Insurance Costs: The estimated annual insurance cost of $9,360 is significantly higher than the national average, likely due to the location in the Oakland Hills and potential wildfire risk. The national average is around $1,500 per year. This represents approximately $780 per month in ownership costs. • Property Crime Rate: While violent crime is low, the property crime rate is significantly higher than state and national averages. The safety score is 55/100, on the lower end of average safety. This suggests a heightened risk of burglary, theft, and vehicle theft. • Pricing History: The property was last sold in 2016 for $280,000 and again in 2018 for $2,070,000. This represents a significant price increase in a short period, which may not be sustainable. The home was previously listed for $2,800,000 and has been on the market for a while, which may indicate that it is overpriced.

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 Modern Luxury in a Tranquil Setting: The property's contemporary design, high-end finishes, and serene Montclair location cater to those prioritizing aesthetics and a peaceful environment. Its proximity to Montclair Village offers a balance of seclusion and convenience. • Professionals Valuing a Dedicated Workspace: The upstairs office with floor-to-ceiling windows provides an inspiring environment for remote work or creative endeavors. The natural light and views enhance productivity. • Families Prioritizing En-Suite Bathrooms and Outdoor Space: With four bedrooms each having its own bathroom, the property offers privacy and convenience. The lush backyard is ideal for children's play and outdoor entertaining. • Buyers Appreciating High-End Kitchens and Open-Concept Living: The updated kitchen with stone counters, a kitchen island, and high-end appliances appeals to those who enjoy cooking and entertaining. The open-concept design facilitates social interaction and comfortable living. • Buyers Comfortable with an Estimated $17,500 - $18,500 Monthly Housing Cost: Assuming a 20% down payment ($520,000) and a 7% interest rate, the monthly mortgage payment would be approximately $13,000. Adding the estimated annual property taxes of $26,000 ($2,167/month) and insurance of $9,360 ($780/month), the total monthly cost is about $16,000. Factoring in potential maintenance and other costs, the total monthly housing cost will range between $17,500-$18,500.

Not For

• Buyers on a Strict Budget: With a price of $2,600,000 and high property taxes, this home requires a significant financial investment. Potential buyers should carefully assess their affordability. • Buyers Seeking a Low-Maintenance Property: While the home is relatively new (built in 2018), maintaining a 3,994-square-foot home with a 12,719-square-foot lot requires ongoing effort and expense. • Buyers Extremely Sensitive to Air Quality: The air quality risk is severe (8/10), with an average of 14 bad air days per year. This may be a concern for individuals with respiratory issues. • Buyers Prioritizing Top-Rated Public Schools: While Montclair Elementary has a good rating (7/10), the middle and high schools have lower ratings (5/10). Buyers with children may want to explore private school options or consider other neighborhoods with higher-rated schools. • Renters: With estimated monthly costs between $17,500 and $18,500, renting would be significantly cheaper as the median 4-bedroom rental rate in Oakland is $3,706 per month.
Demographics
Area Median Income

$147,080

Property History

Price History
Ownership Timeline
$2,070,000Cash Purchase
Jun 6, 2018
David Van BeekGuk Hyun Cho
Grant Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Jun 4, 2018
Jeehee MinGuk Hyun Cho
Intrafamily Transfer
Non-Arm's Length Transactions
$30,000Cash Purchase
Mar 28, 2017
Eric Beresford WoodDavid Van Beek
Quit Claim Deed
Non-Arm's Length Transactions
$280,000Cash Purchase
Jun 20, 2016
Lawrence Rosen, Shelley SetoDavid Van Beek, Eric W Beresford Wood
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 20, 2016
Helene C Beresford WoodEric W Beresford Wood
Intrafamily Transfer
Non-Arm's Length Transactions

Property Taxes

$31,239
2024 Tax Assessment
5.7%from previous year
Assessed Value$2,309,084
Tax Rate1.35%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

4.5/10
Average

Middle

2.5/10
Below Average

High

5.2/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,658

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,600,000
Price/sqft
$651
Layout
4 bd5 ba
Days on market
9 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$2,584,167

0.6%

Your price is 0.6% above average

Median Price

$2,400,000

8.3%

Based on 6 recent sales

Price per Sq.Ft

$645

0.9%

Your price is 0.9% above average $/sqft

Comparable Properties

88 Sandringham Road, Piedmont, CA 94611
Price: $4,000,000
Sq.Ft: 4,192
Beds/Baths: 5/5
$/Sq.Ft:
$95446.6%
Sale Date: 10/10/2024
6301 Melville Drive, Oakland, CA 94611
Price: $2,655,000
Sq.Ft: 4,085
Beds/Baths: 5/5
$/Sq.Ft:
$6500.2%
Sale Date: 9/5/2024
5617 La Salle Ave, Oakland, CA 94611
Price: $2,000,000
Sq.Ft: 3,682
Beds/Baths: 4/5
$/Sq.Ft:
$54316.6%
Sale Date: 9/21/2024
5537 La Salle Avenue, Oakland, CA 94611
Price: $2,400,000
Sq.Ft: 3,923
Beds/Baths: 5/4
$/Sq.Ft:
$6126.0%
Sale Date: 1/16/2025
5537 La Salle Avenue, Oakland, CA 94611
Price: $2,400,000
Sq.Ft: 3,923
Beds/Baths: 5/4
$/Sq.Ft:
$6126.0%
Sale Date: 1/3/2025
6351 Fairlane Dr, Oakland, CA 94611
Price: $2,050,000
Sq.Ft: 4,122
Beds/Baths: 5/4
$/Sq.Ft:
$49723.6%
Sale Date: 11/14/2024

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