This Fairview Park property has great potential in the right hands. It is located adjacent to Oakland’s upper Rockridge area, between Telegraph Avenue and Claremont. A desirable area, it is also close to College Avenue shopping, restaurants and public transportation.
The three (3) highest nearby comps sold for between $1,402 and $1,762 per square foot within the last few months – for an average sold price of more than $2 million. These fully renovated houses are all located within 1/10th of a mile from the subject property.
Also, just to give you an idea about current pricing, another nearby rehabbed house (about a tenth of a mile away), was listed July 2022 and went “Pending” within 16 Days on Market (DOM). Asking price for that property was set at $2.25 million .
A 2-hour “inspection party” is scheduled for the week of August 1st. If interested, bring your partners and contractors to get a a firsthand look and submit an offer.