Unlock the potential of this charming 2-bed, 2-bath home in the highly sought-after Maxwell Park neighborhood of Oakland. This property is a true diamond in the rough, perfect for investors, contractors, and savvy homebuyers looking to customize their dream home. The main living area boasts 2 spacious bedrooms & a full bathroom, providing a solid foundation for your renovation ideas. Downstairs, a 2nd full bathroom and versatile bonus room w/ additional square footage awaits your creative touch. This space can be transformed into a 3rd bedroom, a cozy family room, or a home office, offering endless possibilities to suit your needs. Situated on a generous lot, the property includes a big backyard, ideal for gardening, entertaining, or even expanding the home's footprint. The long driveway leads to a detached 3 car garage and is boat or RV ready. Located close to local parks, schools, & easy access to public transportation & major freeways. Don’t miss this incredible opportunity to invest in one of Oakland’s best neighborhoods. Whether you’re a flipper looking for your next project or a homeowner ready to create your perfect space, this Maxwell Park gem is ready for your vision. Finished basement (bonus room) offers additional square footage.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1948
Living Area: 1,302 SqFt
Listing Office:
Office Name: RE/MAX Accord
Office Phone: (510) 690-9600
Listing Agent: Bob Frey
Interior Features
Interior Information:
Appliances: Gas Water Heater
Basement: Yes
Flooring Type: Vinyl, Wood
Fireplace: Living Room, Wood Burning
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 3 spaces
Attached Garage: Yes
Parking: Garage, Off Street, RV Access/Parking
Lot Features
Lot Information:
Lot: Back Yard, Sloped Down, Front Yard, Garden
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
School Info
Assigned Schools Information:
Life Academy, Public District Grades 6-12
Metwest High School, Public District Grades 9-12
Melrose Leadership Academy, Public District Grades KG-8
Frick Middle School, Public District Grades 6-8
Laurel Elementary School, Public District Grades KG-5
This property is $142.8K less than the Median Sold Price and $38/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: #41068966
Listing Office:
Office Name: RE/MAX Accord
Office Phone: (510) 690-9600
Listing Agent: Bob Frey
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: 10/27/2024, 6:20:50 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
DATE
EVENT
PRICE
Jan 24, 2013
Jan 24, 2013Home Sold
$375,000
Apr 30, 2003
Apr 30, 2003Home Sold
$375,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,172
$426,607
2020
$8,171
$422,234
2019
$6,816
$413,958
2018
$6,546
$405,843
2017
$6,546
$397,885
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,686
Per Month
Principal & Interest
$3,619
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,240
Powered By
Advertisement
NMLS#3030
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
3
/10
Laurel Elementary School
3750 Brown Ave
Distance between this listing and this school1.03 miles
Public District Grades KG-5
Middle School
6
/10
Melrose Leadership Academy
4730 Fleming Ave
Distance between this listing and this school0.33 miles
Public District Grades KG-8
1
/10
Frick Middle School
2845 64th Ave
Distance between this listing and this school0.64 miles
Public District Grades 6-8
High School
6
/10
Life Academy
2101 35th Ave
Distance between this listing and this school1.42 miles
Public District Grades 6-12
5
/10
Metwest High School
1100 3rd Ave
Distance between this listing and this school3.72 miles
Public District Grades 9-12
Assigned Schools
3
/10
Laurel Elementary School
3750 Brown Ave
Distance between this listing and this school1.03 miles
Public District Grades KG-5
Nearby Schools
3
/10
Horace Mann Elementary School
5222 Ygnacio Ave
Distance between this listing and this school0.63 miles
Public District Grades KG-5
2
/10
Allendale Elementary School
3670 Penniman Ave
Distance between this listing and this school0.98 miles
Public District Grades KG-5
Assigned Schools
6
/10
Melrose Leadership Academy
4730 Fleming Ave
Distance between this listing and this school0.33 miles
Public District Grades KG-8
1
/10
Frick Middle School
2845 64th Ave
Distance between this listing and this school0.64 miles
Public District Grades 6-8
Nearby Schools
4
/10
Urban Montessori Charter
5328 Brann St
Distance between this listing and this school0.15 miles
Public Charter Grades KG-8
Assigned Schools
6
/10
Life Academy
2101 35th Ave
Distance between this listing and this school1.42 miles
Public District Grades 6-12
5
/10
Metwest High School
1100 3rd Ave
Distance between this listing and this school3.72 miles
Public District Grades 9-12
Nearby Schools
6
/10
Oakland Unity High School
6038 Brann St
Distance between this listing and this school0.53 miles
The neighbors living near this home have an average income of $76,852. The most common annual income of people living in Oakland, CA is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2940 Madera Ave
What is the listing price of this property?
The listing price of 2940 Madera Ave property is $725,000.
What type of property is this?
The property 2940 Madera Ave is a house located in Oakland, California, 94619.
Is this property for sale now?
Active Listing: 2940 Madera Ave is For Sale (Active/New) which means the seller is accepting offers.
This home is located at 2940 Madera Ave in Oakland, CA and zip code 94619 in the Fairfax neighborhood. This 1,302 square foot home, which was built in 1948, sits on a 0.12 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $725,000.
In September 2024 more than 118 listings in Oakland, CA were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 40 were sold below. In September 2024 in Oakland, CA there were 18% more homes for sale than in August 2024. The median list price of listings available in September 2024 was $867,828, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.