$890,000
●
House -
Off Market
726 Cornell Ave
Albany, CA 94706
1 Bed
1 Bath
967 Ft²
$967,524
RealtyHop Estimate
21.70%
Since Aug 1, 2020
CA-San Francisco
Primary Model
About This Property
A tidy gem in the heart of Albany. Right in the center of it all
yet peaceful and serene. With over $100,000 worth of upgrades and
repairs this flexible home works for so many scenarios. One-plus
bedrooms and permitted garage conversion offer up tons of living
arrangements. Enter the bright and sunny home to find a graceful
living room w/ beautiful original detailing. A sweet kitchen and
dining area lead to a flex room w/ floor to ceiling custom
built-ins including seating/small bed, hide-away desk, shelving and
drawers. A laundry room offers up additional storage. Master
bedroom has a double-wide closet w/ sliding glass doors leading to
a sunny deck in lovely backyard. Detached garage has been converted
w/ permits into a great plus-space w/ double doors and easy access
to new side yard. Under a mile to BART, and within blocks of
everything a heart could desire! Ditch the car and hop on your
bike!
Unit Size
967 Ft²
Days on Market
33 days
Land Size
0.06 acres
Price per sqft
$822
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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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 #40910013)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2020 | Sold | ||
| Sold | |||
| Jun 26, 2020 | Listed by DISTRICT HOMES | $795,000 | |
| Listed by DISTRICT HOMES | |||
| Apr 11, 2018 | Sold | ||
| Sold | |||
| Mar 7, 2018 | Listed by THORNWALL PROPERTIES INC. | $625,000 | |
| Listed by THORNWALL PROPERTIES INC. | |||
| | |||
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Don't miss this delightful 1++ cottage with a detached office/studio (fully permitted) in a fab location just 1-1/2 blocks from Solano Ave. & a short stroll to Memorial Park & the Albany Aquatic Center. This charming cottage is ideal for a single or couple looking for a perfect starter home, or downsizing into a cozy home which nonetheless has expansion potential upward. Living room features a lovely multi-light picture window, fplc & built-in custom bookcases/shelves. Liv. room, dining area, hall and versatile "middle room" have beautifully refinished matchstick hdwd floors. 'Flex' room is a writer's or craftsperson's dream, w/new cabinetry, shelving, drawers and pull-out desk, even a secret drawer & pull-out gaucho bed for guests. The comfortable bedroom, with its wall of closets & access to the deck, has new carpeting, as does the spacious detached office/studio. Entire interior has fresh designer paint. Laundry room, bath w/clever storage options, this little home has it all!
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Property Highlights
Parking Available
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Albany
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Listed by: SARAH RIDGE, DISTRICT HOMES
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40910013
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40910013
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