557 Merrimac St, Oakland, CA 94612

0.33 acres
Lot/Land
$1,700,000
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Located in an up and coming area. Possible construction of 31 condo units. In close proximity to trendy area of 27th and Telegraph...
Facts
  • 372 days on Zillow
  • MLS #: 40628544
Other
  • Zillow Home ID: 2111288123
Home Values
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$1,968/mo
+$71 Last 30 daysd
$1.3K
$3.0K
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Neighborhood for 557 Merrimac Street

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Zillow predicts 94612 home values will rise 6.5% next year, compared to a 8.8% rise for Oakland as a whole. Among 94612 homes, this home is 281.6% more expensive than the midpoint (median) home, but is priced 73.3% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 94612 market, the number of foreclosures waiting to be sold decreased 32.9% in the last year. The number of unsold foreclosures is 43.2% greater than in Oakland, and 73.1% greater than the national average. This higher local number may prevent 94612 home values from rising as quickly as other regions in Oakland.

Learn more about forecast calculations or 94612 home values.
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