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957 Madison St
Score
0
Albany, CA

957 Madison St

1.2M
3 bd • 2 ba • 1,380 sf

This analysis was generated on 2/19/2025. 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

$1,246,400

Price/Sq.Ft

$903

Year Built

AI Property Analysis

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

The Good

• Excellent Location: Situated in Albany, CA, the property benefits from its proximity to the Bay Area's amenities, including access to major cities, employment centers, and cultural attractions. • Strong Rental Market: The estimated rent for a 3-bedroom home in Albany is $3,290 per month, indicating a strong rental market and potential for rental income. • Access to Highly-Rated Schools: Albany is known for its excellent schools, making this property attractive to families with children. • High Median Income: The median income in Albany is $115,712, indicating a high standard of living and a desirable community.

The Bad

• High Price per Square Foot: At $903.19 per square foot, the property is relatively expensive compared to other areas in the East Bay. This may deter budget-conscious buyers. • Unknown Year Built: The lack of information about the year built raises concerns about the property's condition and potential maintenance issues. A thorough inspection is necessary. • Limited Property Information: The lack of property details and description makes it difficult to assess the property's features and condition. Buyers will need to conduct thorough due diligence.

The Ugly

• Potential for Overbidding: Albany's competitive market often leads to overbidding situations, potentially driving up the purchase price beyond the property's actual value. • Risk of Soil Liquefaction: Albany's location on a landfill increases the risk of soil liquefaction during earthquakes, which can cause significant damage to the property. • Limited Commercial Activity: Some areas of Albany lack immediate access to grocery stores and other amenities, which may be inconvenient for some buyers. • Transportation Congestion: Traffic can be congested during peak hours, potentially affecting commute times and transportation costs.

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 Well-Located Home in a Highly-Rated School District: The property's location in Albany provides access to top-tier schools and a strong community environment, appealing to individuals who prioritize education and community engagement. • Individuals Comfortable with a Competitive Real Estate Market: The property is suitable for buyers who are prepared to navigate Albany's competitive market dynamics, which often include overbidding and quick decision-making. • Buyers Interested in a Home with Potential for Rental Income: With a 3-bedroom layout, the property offers the potential for generating rental income, making it attractive to individuals looking to offset mortgage costs or invest in real estate. The estimated rent for a 3-bedroom in Albany is $3,290/month. • Individuals Seeking a Home Near Transportation and Amenities: The property's location provides convenient access to major freeways and public transportation, making it suitable for those who value easy commuting and access to urban amenities.

Not For

• Buyers Seeking a Large Home with Ample Space: With 1,380 square feet, the property may not be suitable for buyers who require a larger home with multiple living areas or bedrooms. • Individuals with Strict Budget Limitations: Albany's high property values may make this property unaffordable for buyers on a tight budget. The median home value in Albany is significantly higher than the national average. • Buyers Seeking a New or Recently Built Home: The unknown year built may deter buyers who prefer a newer home with modern amenities and fewer potential maintenance issues. • Individuals Sensitive to Environmental Factors: Albany's proximity to industrial areas and potential for fog may not be suitable for buyers who are sensitive to air quality or prefer sunny weather.
Demographics
Area Median Income

$115,712

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jul 1, 2004
Janet TambelliniJanet Tambellini, Daniel A Tambellini
Intrafamily Transfer
Non-Arm's Length Transactions
$510,000Financed
Apr 27, 2004
Janet Tambellini, Daniel A TambelliniAdam B Hochman, Jennifer Baumer
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 9, 2004
Janet TambelliniJanet Tambellini, Daniel A Tambellini
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Financials

Monthly Costs
Market Rent (3 bed)

$1,740

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,246,400
Price/sqft
$903
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,526,667

18.4%

Your price is 18.4% below average

Median Price

$1,620,000

23.1%

Based on 6 recent sales

Price per Sq.Ft

$1,093

17.4%

Your price is 17.4% below average $/sqft

Comparable Properties

1081 Neilson St, Albany, CA 94706
Price: $1,863,000
Sq.Ft: 1,417
Beds/Baths: 3/2
$/Sq.Ft:
$1,31545.6%
Sale Date: 1/27/2025
616 Santa Fe Ave, Albany, CA 94706
Price: $1,300,000
Sq.Ft: 1,390
Beds/Baths: 3/2
$/Sq.Ft:
$9353.6%
Sale Date: 1/16/2025
616 Santa Fe Avenue, Albany, CA 94706
Price: $1,300,000
Sq.Ft: 1,390
Beds/Baths: 3/2
$/Sq.Ft:
$9353.6%
Sale Date: 1/14/2025
1319 Peralta Ave, Berkeley, CA 94702
Price: $1,220,000
Sq.Ft: 1,269
Beds/Baths: 3/2
$/Sq.Ft:
$9616.4%
Sale Date: 1/28/2025
801 San Carlos Ave, Albany, CA 94706
Price: $1,857,000
Sq.Ft: 1,461
Beds/Baths: 3/2
$/Sq.Ft:
$1,27140.7%
Sale Date: 1/18/2025
1151 Portland Ave, Albany, CA 94706
Price: $1,620,000
Sq.Ft: 1,423
Beds/Baths: 3/2
$/Sq.Ft:
$1,13826.0%
Sale Date: 11/21/2024

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