Property Overview:
407 Gramercy Pl is a single-family home in Oakland, CA, built in 1949. It features 2 bedrooms, 1 bathroom, and 1,122 sq. ft. of living space. The home includes a parking garage and secure off-street parking for 2 vehicles. The estimated home value is $520,500.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 27.7% (higher than state average of 11.8%).
- Property crime risk: 23% (higher than state average of 10.8%).
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Schools:
Nearby schools include Aspire Lionel Wilson College Preparatory Academy, Madison Park Academy Tk-5, Lodestar: A Lighthouse Community Charter Public, and John Muir Middle.- Average SAT score: 975 (state average).
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Job Market:
- 53.4% blue-collar jobs, 46.6% white-collar jobs.
- Unemployment rate: 9.4% (higher than state average of 4.7%).
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Demographics:
- Community population: 26,597 (0.8% growth since 2000).
- 74.8% families with children.
- Largest age group: 25-34 years (15.86%); second largest: 35-44 years (14.29%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 45.4°F (January), 75.2°F (July).
- Average rainfall: 24.2 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $40,467.
- Average annual spending: $37,455.
Property Features:
- Craftsman bungalow with tons of natural light.
- Formal dining room could be converted to a 3rd bedroom.
- Gated yard for added privacy.
- Remodeled kitchen and bathroom (approx. 10 years old).
- Large backyard ideal for entertaining or adding an Accessory Dwelling Unit (ADU) for extra income.
- Large barn shed for extra storage.
- New carpeting and new roof recently added.
- Upgraded light fixtures and new microwave exhaust in kitchen.
- Fresh interior paint and stylish plank flooring.
- Repainted shed and new front door screens for curb appeal.
Location Benefits:
- Centrally located: Minutes to freeways (880/580), BART, Oakland International Airport, schools, parks, and shopping.
- Commuter-friendly and vibrant neighborhood.
- Perfect for growing families, first-time buyers, or as an income property.
- Seller offering 2% interest rate buydown for qualified buyers.