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4034 Balfour Ave
Score
0
Oakland, CA

4034 Balfour Ave

699K
3 bd • 5 ba • 2,376 sf

This analysis was generated on 1/16/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$699,000

Price/Sq.Ft

$294

Year Built

1925

AI Property Analysis

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

The Good

This property at 4034 Balfour Avenue offers a prime location near Oakland’s desirable Crocker Highlands neighborhood, known for its historic charm and excellent schools. With a spacious 5,150 sq. ft. lot and a generous 2,376 sq. ft. interior, there's ample room for customization. The proximity to Grand and Lakeshore Avenues, Lake Merritt, and easy access to Highway 580 make it a convenient choice for commuters. The presence of a basement, detached garage, and private driveway adds significant value, providing practical renovation opportunities.

The Bad

The property clearly requires substantial renovation, including new windows, kitchen updates, and foundation work. These improvements can be costly and time-consuming, which might deter some buyers. Additionally, the aesthetics of the home show signs of neglect, suggesting a need for immediate attention to avoid further deterioration.

The Ugly

Major red flags include potential structural issues, as indicated by the need for foundation work. This could lead to significant expenses and delays in making the home livable. The extensive renovations required may not be suitable for buyers without the budget or desire for a major project.

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

This property is ideal for investors or homebuyers with a vision for renovation, particularly those who appreciate historic homes and are looking to customize a property to their preferences. Families seeking access to excellent schools and a community-oriented neighborhood would also find this area appealing.

Not For

Buyers seeking a move-in ready home or those without the financial means or time for extensive renovations should avoid this property. It’s not suitable for those unwilling to handle the potential complexities of structural repairs.
Demographics
Area Median Income

$117,530

Property History

Price History
Ownership Timeline
$0Cash Purchase
Aug 1, 2007
Leonard Key, Eira Dell KeyLeonard Key, Eira Dell Key
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

3.3/10
Below Average

Middle

2.0/10
Below Average

High

4.6/10
Average

Financials

Monthly Costs
Market Rent (3 bed)

$1,690

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$699,000
Price/sqft
$294
Layout
3 bd•5 ba
0

Stats in the Area

Based on 4 comparable properties nearby

Average Price

$1,623,750

57.0%

Your price is 57.0% below average

Median Price

$1,500,000

53.4%

Based on 4 recent sales

Price per Sq.Ft

$622

52.7%

Your price is 52.7% below average $/sqft

Comparable Properties

217 Monte Vista Avenue, Oakland, CA 94611
Price: $1,070,000
Sq.Ft: 2,385
Beds/Baths: N/A/N/A
$/Sq.Ft:
$44952.5%
Sale Date: 9/1/2024
155 Hagar, Piedmont, CA 94611
Price: $2,765,000
Sq.Ft: 2,752
Beds/Baths: 4/4
$/Sq.Ft:
$1,005241.5%
Sale Date: 10/12/2024
459 Wayne Ave, Oakland, CA 94606
Price: $1,500,000
Sq.Ft: 2,547
Beds/Baths: N/A/N/A
$/Sq.Ft:
$589100.2%
Sale Date: 8/30/2024
1456 E 32Nd St, Oakland, CA 94602
Price: $1,160,000
Sq.Ft: 2,600
Beds/Baths: N/A/N/A
$/Sq.Ft:
$44651.7%
Sale Date: 8/21/2024

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