SOLD 04/19/2024
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Home sold for $1,468,000 in 59 days
515 Oak Ave Redwood City, CA, 94061
Off the market 2 beds 1 bath 1,108 sqft
Calling all investors and developers or end user's willing to put-in the sweat equity. A great opportunity awaits in the city that claims one of the best climates in the world. In the heart of Redwood City sits a property with tremendous potential. Build your dream home on almost 9000 SqFt lot or create a multi-family complex, sure to stimulate some cash flow, all the while living-in or renting the functional front dwelling while laying out plans of your desired goal. The front house has over 1100 SqFt of living space that can be occupied now or updated and add a bed/bath within the envelope. The city of Redwood City is witnessing lots of transformation & increased values. Just look next door, across the street or down the street and the evolution is happening. Easy access to 101/280, not far from a bustling downtown that has become the place to go for entertainment; music in the square, movies, restaurants, coffee or a stroll. Close to Red Morton Park, Whole Foods, Safeway & Rite AID. *Tenant occupied. Tenant is actively seeking replacement property and may request no more than a 60-day rentback if needed.
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Property details
1,108 sqft interior area
Property type
Home
Interior area
1,108 sqft
Land area
8,772 sqft (0.20 acres)
Price per sqft
$1,324/sqft
Address
515 Oak Ave, Redwood City, CA, 94061
City of California
Redwood City
County
San Mateo
Sold price
$1,468,000
nr.of parking places
2
Year Built
1924
District
Listing
Open Houses
No upcoming open houses
Interior Features
2 parking places, Hardwood floors
Beds
2
Baths
1
Floors
Hardwood
Parking
2
Garage & Parking
Off Street, Parking Lot
Heathing & Cooling
None, Other
Basement
Crawl Space
Listed by
Brian Dakin, Compass
Name
Brian Dakin
License number
02053842
Brokerage company
Compass
MLS #
ML81954946
Buyer agent
Name
Yan Tian
Brokerage company
Maxreal
Payment calculator
Calculate your monthly payments
Mortgage
$4,508
Taxes
$0
HOA dues
$0
Mortgage
$293,600 / 20%
2.28%
30 years
Your amount
$4,508 / month
Exterior Features
Shingle roof
Roof
Shingle
Yard
Back Yard
Lot details
TMK #053271030
Parcel nr.
053271030
94061 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
—
no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
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no data
Local airport
—
no data
People living in 94061
47%
Families with children
National average: 39%
31%
Non family households
180,954
Population
$240,920
Average Income
Age & gender
Median age 40 years
More info
Commute types
79% commute by car
More info
Education level
27% have bachelor education
More info
Number of employees
4% work in management
More info
Vehicles available
42% have 2 vehicle
More info
Vehicles by gender
42% have 2 vehicle
More info
Housing market insights for
$2.75m
Neighborhood average
sales price*
sales price*
$2.09m
Neighborhood median
sales price*
sales price*
366
Number
of sales*
of sales*
Housing type
62% are single detacheds
More info
Rooms
32% of the houses have 4 or 5 rooms
More info
Bedrooms
56% have 2 or 3 bedrooms
More info
Owners vs Renters
62% are owners
More info
7 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
ADU Accessory Dwelling Unit
Description
Rear Unit, 686 sqft
Kitchen
No
Price history
Sold Apr 19, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 19, 2024 | Sold | $1,468,000 | 1324.91 | Public Record |
| Apr 19, 2024 | Price Decrease | $1,468,000 -1.81% | 1324.91 | MLS #ML81954946 |
| Apr 5, 2024 | Pending | $1,495,000 | 1349.28 | MLS #ML81954946 |
| Mar 7, 2024 | Under contract | $1,495,000 | 1349.28 | MLS #ML81954946 |
| Feb 21, 2024 | New Listing | $1,495,000 | 1349.28 | MLS #ML81954946 |
Taxes of 515 Oak Ave, Redwood City, CA, 94061
R4 zoning / MLS #ML81954946
Zoning
R4
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Frequently Asked Questions about 515 Oak Ave
What is 515 Oak Ave?
515 Oak Ave, Redwood City, CA, 94061 is a single family home located in the city of Redwood City, California with zipcode 94061. This single family home has 2 bedrooms & 1 bathroom with an interior area of 1,108 sqft.
Which year was this home built?
This home was build in 1924.
Which year was this property last sold?
This property was sold in 2024.
What is the full address of this Home?
515 Oak Ave, Redwood City, CA, 94061.
Are grocery stores nearby?
The closest grocery stores are Mi Rancho Supermarket, 0.36 miles away and Mercadito Latino, 0.39 miles away.
What is the neighborhood like?
The 94061 zip area has a population of 180,954, and 47% of the families have children. The median age is 40.19 years and 79% commute by car. The most popular housing type is "single detached" and 62% is owner.
Based on information from the bridgeMLS as of 04-27-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 21, 2024
Verhouse Last checked 6 minutes ago
The closest grocery stores are Mi Rancho Supermarket, 0.36 miles away and Mercadito Latino, 0.39 miles away.
The 94061 zip area has a population of 180,954, and 47% of the families have children. The median age is 40.19 years and 79% commute by car. The most popular housing type is "single detached" and 62% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
