550 Vernon St, Oakland, CA 94610

5 beds, 3.5 baths, 3,430 sqft
Sold: $980,000
Sold on 07/11/14
Zestimate®: $983,347
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Conveniently located in the historic Rose Garden district of Oakland, midway between popular Grand/Lake and Piedmont Ave districts, this property has one foot planted in the past and one in the present, so you get the best of both worlds!The entire building's Victorian character has been meticulously preserved and restored. The smart color scheme, shingled corner turret, and partially-enclosed front porch are just the beginning. Surprisingly, the top floor 2+BR/1.5BA owner's unit has the space, volume, and style you'd expect to find in a contemporary loft. The spacious 2BR/1BA first floor unit is also lovely, and provides great income. A 2-car garage with an adjoining artist's workshop space is ready and waiting for the next artist or tinkerer. Plenty of tandem off-street parking, a huge basement for storage, and a garden graced by a stately oak make this property truly unique.The building has been retrofitted, has a newer roof, and is sewer compliant.  MoreLess
 
Facts
  • Lot: 5,280 sqft
  • Single Family
  • Built in 1898
  • Last sold: Jul 2014 for $980,000
  • Price/sqft: $286
Features
  • Fireplace
    Construction
    • Construction quality: 6.0
    • Room count: 10
    • # Stories: 3.0
    • Structure type: Other
    • Unit count: 2
    Other
    • Floor size: 3,430 sqft
    • Last remodel year: 1898
    • Parcel #: 010 082902000
    • Zillow Home ID: 24744990
    Home Values
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    $983,347
    -$246,962 Last 30 daysd
    $915K
    $1.05M
    Zestimate range
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    $4,203/mo
    +$241 Last 30 daysd
    $1.5K
    $5.5K
    Zestimate range
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    Neighborhood for 550 Vernon Street

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    Zillow predicts Grand Lake home values will increase 8.5% next year, compared to a 8.8% rise for Oakland as a whole. Among Grand Lake homes, this home is valued 155.3% more than the midpoint (median) home, but is valued 30.7% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In the Grand Lake market, the number of foreclosures waiting to be sold dropped 27.3% in the last year. The number of unsold foreclosures is 32.1% less than in Oakland, and 17.9% lower than the national average. This lower local number could help Grand Lake home values rise more quickly than other regions in Oakland.

    Learn more about forecast calculations or Grand Lake home values.
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      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292
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      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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