$695,000
●
House -
Off Market
2950 Morcom Ave
Oakland, CA 94619
2 Beds
1 Bath
1,029 Ft²
$711,073
RealtyHop Estimate
30.47%
Since Mar 1, 2018
CA-San Francisco
Primary Model
About This Property
Maxwell Park Spanish style home with desirable split-level floor
plan. Set up from the street on a corner lot, large windows provide
lovely light rooms with pleasant outlooks. Formal dining and living
rooms feature hardwood matchstick floors, built ins and fireplace .
Enjoy a spacious kitchen with eat in breakfast or plus room,
granite countertops, Wedgewood stove and plenty of cabinets. The
separate laundry room leads to an enclosed patio and fully fenced
garden space. Attached garage offers parking or storage space
and there is additional room in the basement.
Unit Size
1,029 Ft²
Days on Market
34 days
Land Size
0.06 acres
Price per sqft
$530
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1926
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (bridgeMLS/CCAR/Bay East AOR #40807855)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2022 | No longer available | - | |
| No longer available | |||
| Jan 28, 2022 | Listed by Golden Gate Sotheby's Int'l | $749,000 | |
| Listed by Golden Gate Sotheby's Int'l | |||
| | |||
|
Anne McKereghan - 510-407-0175 - Wonderful 2 bedroom 1 bath Spanish-style home in popular Maxwell Park. Fantastic corner location, your new home sets above street level providing wonderful light and added privacy. You'll be greeted with sunlight drenching through the large windows onto the lovely wood floors in the living room/dining room open space. Tastefully updated, you'll find many charming attributes of the original architecture. Kitchen includes darling nook and provides access to the laundry room. Just a few steps up from the dining room you'll find two bedrooms located at the rear of the house. No need to share your personal space when guests stop by! The backyard includes your own lemon, lime and mandarin trees, raised beds and even a darling play structure. It's what you can't see that matters as well, electrical, tankless water heater, french drains, partial foundation replacement all upgraded in the last 5 years. The manager has listed the unit size as 1002 square feet.
| |||
| Feb 21, 2018 | Sold | ||
| Sold | |||
| Jan 18, 2018 | Listed by COMPASS | $545,000 | |
| Listed by COMPASS | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central East Oakland
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Listed by: JACKIE CARE, COMPASS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40807855
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40807855
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