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4191 Montgomery St
Oakland, CA

4191 Montgomery St

$1,799,000
3 bd • 2 ba • 2,015 sf

This analysis was generated by artificial intelligence on 1/30/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$1,799,000

Price/Sq.Ft

$893

Year Built

1927

AI Property Analysis

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

The Good

• Prime Location: Nestled in the sought-after Piedmont Avenue neighborhood with a near-perfect 99 walk score, it's close to shops, restaurants, and amenities. This high walkability is a significant selling point for urban dwellers. • Character and Modern Updates: The property blends original charm (e.g., tiled fireplace, original pantry) with contemporary upgrades (e.g., blue soft-close cabinetry, stainless steel appliances). This combination provides a balance of historical appeal and modern convenience. • Convenient Commute: With easy freeway access and two BART stations within a mile, commuting to other parts of the Bay Area is convenient. This is a significant advantage for working professionals. • Open Concept Living: The open-concept living space with large windows and soaring ceilings creates a bright and airy atmosphere. This design is highly desirable for modern living. • Private Backyard: The private, fenced backyard with mature trees and a garden provides a tranquil outdoor space for relaxation and entertaining, which is a valuable amenity in a dense urban area. • Functional Layout: The main floor includes a bedroom, bathroom, and laundry nook, offering convenience and flexibility. The second floor has two additional bedrooms, providing privacy and space for families.

The Bad

• High price per square foot: At $892.80/sqft, the property is priced above the Oakland average of around $750/sqft, making it less competitive compared to similar sized homes in the area. This premium may not be justified for all buyers, especially those focused on value. • School ratings: The nearby Piedmont Avenue Elementary School (4/10) and Westlake Middle School (2/10) have lower ratings compared to other schools in Oakland. This may be a concern for families with younger children and could impact future resale value. • Days on market: The property has been on the market for 119 days, which is longer than the average for Oakland. This could indicate a pricing issue or other concerns that are deterring potential buyers. • No room details provided: The lack of room details makes it difficult to assess the layout and functionality of the property. Buyers will need to rely on the property description and visit the property to fully understand its configuration. • Limited outdoor space: Although the property has a backyard, it is not particularly large. This may be a drawback for buyers seeking a more spacious outdoor area.

The Ugly

• High total cost of ownership: Based on an estimated price of $1,799,000, a 20% down payment would be $359,800, and a mortgage at a 7% interest rate would be approximately $9,500 per month. When adding estimated insurance ($6,476.4/year, or $540/month) and property taxes (approx. 1.2% of the property value annually, or $1,800/month), the monthly cost of ownership exceeds $11,840. This is a substantial financial commitment. • History of price volatility: The property has experienced multiple price changes, including a 28.7% increase in December 2024, after being listed at lower prices. This price volatility suggests potential instability and raises concerns about the property's true market value. • Age of the property: Built in 1927, the property might require significant maintenance and potential upgrades, which could be costly for buyers. The age also increases the risk of unforeseen issues related to older construction methods and systems. • Extreme Air Quality Risk: The air quality risk is rated as extreme (9/10), with 16 bad air days per year. This poses a health concern, especially for individuals with respiratory issues, and could require investments in air filtration systems or limit outdoor activity. • Potential for hidden issues: Older homes like this can have hidden problems that are not immediately apparent, such as foundation issues, outdated plumbing, and electrical systems, which can lead to expensive repairs and upgrades.

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 walkable urban lifestyle: The 99 walk score indicates that daily errands can be accomplished on foot, reducing reliance on cars. This is ideal for those who prefer a vibrant, pedestrian-friendly environment. • Families with older children: Oakland Technical High School, with a 7/10 rating, is conveniently located 0.3 miles away. This proximity is attractive for families with children in high school. • Buyers who value character and modern updates: The property blends original charm (tiled fireplace, pantry) with modern updates (soft-close cabinetry, stainless steel appliances). This combination appeals to those who appreciate both historical character and contemporary amenities. • Commuters: With easy freeway access and two BART stations within a mile, the property is well-suited for individuals who commute to other parts of the Bay Area. • Buyers who enjoy outdoor living: The private, fenced backyard with mature trees and a garden provides an ideal space for outdoor relaxation and entertaining.

Not For

• Buyers with young children: While Oakland Technical High School is close, the elementary and middle schools are rated 4/10 and 2/10, respectively. Families with younger children may find these schools less desirable. • Buyers seeking a large yard: While the property has a backyard, it is not particularly large. Buyers who desire extensive outdoor space may find this property lacking. • Buyers on a strict budget: The property's price of $1,799,000 is on the higher end for Oakland. Monthly costs, including a mortgage, property taxes, and insurance, will be significant, potentially exceeding $12,000/month. • Buyers who prefer quiet, suburban living: The property is located in a dense urban area, which is not suitable for those who prefer a quieter, more suburban environment. • Buyers seeking a newly built home: The home was built in 1927, which means it might require more maintenance and could have outdated systems, compared to newer properties.
Demographics
Area Median Income

$147,080

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Risk Assessment

Climate Risks

airEXTREME

16 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 84°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• High Price Volatility: The property has seen multiple price changes recently, including a 28.7% increase in December 2024 after being listed at lower prices. This suggests potential price volatility and a risk of overpaying. • Air Quality Concerns: The extreme air quality risk (9/10) and 16 bad air days per year are significant. This can impact health and require additional precautions. • Older Home Maintenance: Being built in 1927, the property may require ongoing maintenance and potential upgrades to systems like plumbing and electrical, which can be costly. • School Ratings: The low ratings of the nearby elementary (4/10) and middle schools (2/10) may be a concern for buyers with school-aged children, potentially impacting resale value. • Market Competition: Oakland's market is highly competitive, with multiple offers and potential bidding wars. Buyers may need to offer above asking price and waive contingencies, which creates financial risk. • High Property Taxes: California's property taxes are based on the purchase price and can be substantial. Buyers should factor these into their budget to avoid financial strain.
Insurance
Annual Cost

$6,476

$540 per month

Financials

Monthly Costs

Price History

Property Taxes

$19,464
2024 Tax Assessment
5.5%from previous year
Assessed Value$1,397,041
Tax Rate1.39%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,471,333

-18.2% below list price

Median Price

$1,698,000

Based on 6 recent sales

Price per Sq.Ft

$741

Comparable Properties

14 Park Way, Piedmont, CA 94611
Price: $1,930,000
Sq.Ft: 1,993
Beds/Baths: 3/2
$/Sq.Ft:
$9688.5%
Sale Date: 11/1/2024
134 Moss Ave, Oakland, CA 94611
Price: $1,140,000
Sq.Ft: 2,239
Beds/Baths: 3/2
$/Sq.Ft:
$50943.0%
Sale Date: 11/13/2024
543 Aileen St, Oakland, CA 94609
Price: $1,150,000
Sq.Ft: 1,909
Beds/Baths: 2/2
$/Sq.Ft:
$60232.5%
Sale Date: 10/9/2024
5248 Desmond St, Oakland, CA 94618
Price: $1,698,000
Sq.Ft: 2,018
Beds/Baths: 4/2
$/Sq.Ft:
$8415.8%
Sale Date: 9/11/2024
355 Orange St, Oakland, CA 94610
Price: $1,085,000
Sq.Ft: 1,799
Beds/Baths: 3/2
$/Sq.Ft:
$60332.4%
Sale Date: 10/17/2024
119 Ramona Avenue, Piedmont, CA 94611
Price: $1,825,000
Sq.Ft: 1,982
Beds/Baths: 3/2
$/Sq.Ft:
$9213.1%
Sale Date: 9/13/2024

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