Hot Pick Home: 'Smart Value' in the Bay Area - March 8, 2021

Does this home make for a smart purchase? Based on this criteria, and the points below, we believe so!

This is ZeroDown’s Hot Pick Home: 'Smart Value' in the Bay Area - week of 3/1/2021

1476 81St Ave, Oakland, CA 94621

Since 2016 the zip code where this three-bed, two-bath home in Oakland is located has experienced a higher home price growth than 73% of zip codes in the Bay Area. Additionally, the neighborhood has appreciated more than the city overall over the last 5 years, at +40.09% for this neighborhood versus +21.15% for the city. This suggests there should be steady growth in value in the future. The property also recently had the sewer lateral replaced, taking care of a relatively high-cost item.

Although the property is only in the 53rd percentile of living space on the block, we expect the final price per square foot will be more than 20% below the median for similar homes nearby, leaving room in the budget for improvements. This combination of historical price appreciation in the zip code and neighborhood, recently completed lateral replacement, and expected sale price per square foot makes this a ZeroDown 'Smart Value' Hot Pick.

Small kitchen with granite counter and white appliances

Check out more of this awesome, smart value home through this virtual home tour:

READ MORE: Hot Pick Home: 'Green' in the Bay Area - March 8, 2021

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