new - 5 days on rocket

8531 Bancroft Ave, Oakland, CA, 94605

$599,000

Home List Price

$7,113*

Closing Credit

1 Bedroom
2 Full Baths
1,060 SqFt
$565/SqFt
House
Schools Nearby

Location

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8531 Bancroft Ave, Oakland$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingGarage, Off Street, Other
Attached Garage1 space
Year Built1930
HeatingElectric
CoolingOther
BasementYes
FireplaceNone
ViewCity Lights, Hills
MLS #41057262
Lot Size0.04 Acres
StatusActive

About 8531 Bancroft Ave

Versatile RM-3/C Zoning: Whether you envision residential, commercial, or a dynamic blend of both, the flexible zoning sets the stage for multiple possibilities. Current Dual Residential Unit Configuration: Embrace flexibility with two distinct residential units, offering the ideal setup for multi-generational living, rental income, or a live-and-work scenario. (Currently used as 2 residential units with one unit vacant). Radiant Updated Ambiance: Bask in the renovated and updated atmosphere of light and bright light-filled interiors, creating an inviting and inspiring environment for living, working, or both. Convenient Off-Street Parking: Say goodbye to parking woes with dedicated gated off-street parking and a detached garage ensuring convenience and peace of mind for residents and visitors alike. Gated Entry: Privacy meets peace of mind with a gated front entry, offering exclusivity while enhancing the property's allure. Charming Brick Facade: Timeless charm and curb appeal, coupled with modern convenience. A charming brick facade—a statement of character and enduring elegance.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Living Area: 1,060 SqFt

Listing Office:

  • Office Name: Red Oak Realty
  • Office Phone: (510) 527-9111
  • Listing Agent: Mark Lederer

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights, Hills

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Garage, Off Street, Other

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Other

School Info

Assigned Schools Information:

  • Castlemont High School, Public District Grades 9-12
  • Coliseum College Preparatory Academy, Public District Grades 6-12
  • Elmhurst Community Preparatory, Public District Grades 6-8
  • East Oakland Pride Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 82nd to Bancroft Cross Street: 86th Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $565/SqFt

Tax Information:

  • Annual Amount: $3,400
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$866K

Med. Price/SqFt

$605

Avg. Days On Market

30

# of Sold Homes

206

8531 Bancroft Ave vs Oakland

5 DAYS ON ROCKET

-25 Days

$599,000

-$267K Less

$565/SqFt

-$40 Less

KEY TAKEAWAY

This property is $267K less than the Median Sold Price and $40/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41057262

Listing Office:

  • Office Name: Red Oak Realty
  • Office Phone: (510) 527-9111
  • Listing Agent: Mark Lederer

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 12:55:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 17, 2021Home Sold
$350,000
Oct 20, 2014Home Sold
$149,000
Mar 22, 2013Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,400$165,434
2020$3,400$163,739
2019$3,182$160,529
2018$3,078$157,382
2017$3,078$154,296

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3455505
2
/10

  • East Oakland Pride Elementary School

  • 8000 Birch St

  • 0.36 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3455506
2
/10

  • Elmhurst Community Preparatory

  • 1800 98th Ave

  • 0.77 miles

  • Public District Grades 6-8

High School

school-card-donut-3455507
1
/10

  • Castlemont High School

  • 8601 Macarthur Blvd

  • 0.29 miles

  • Public District Grades 9-12

school-card-donut-3455508
3
/10

  • Coliseum College Preparatory Academy

  • 1390 66th Ave

  • 1.40 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,565. The majority of Oakland, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8531 Bancroft Ave

What is the listing price of this property?

The listing price of 8531 Bancroft Ave property is $599,000.

What type of property is this?

The property 8531 Bancroft Ave is a house located in Oakland, California, 94605.

Is this property for sale now?

Active Listing: 8531 Bancroft Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8531 Bancroft Ave are:
East Oakland Pride Elementary School: GreatSchools Rating 2/10
Elmhurst Community Preparatory: GreatSchools Rating 2/10
Castlemont High School: GreatSchools Rating 1/10
Coliseum College Preparatory Academy: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,400 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 17, 2021 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8531 Bancroft Ave has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 8531 Bancroft Ave is 1,060 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8531 Bancroft Ave is 1930.

Rocket Homes›California›Alameda County›Oakland›94605›8531 Bancroft Ave

This home is located at 8531 Bancroft Ave in Oakland, CA and zip code 94605 in the Webster neighborhood. This 1,060 square foot home, which was built in 1930, sits on a 0.04 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $599,000.

In March 2024 more than 126 listings in Oakland, CA were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 40 were sold below. The number of homes for sale in Oakland, CA increased by 22.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $866,006, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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