Cirios Verdict: NO DEAL (Click here for the original Deal or No Deal post)

The subject is a dated home in Albany, CA. The home only has one bathroom and is close to numerous apartment complexes. In its current state, the home has only average curb appeal.

Albany is a middle class neighborhood just north of Berkeley. It has become a very popular suburb of San Francisco as it is more affordable than the North and South Bay. In addition, schools are above-average and it is a short ride on BART to the city and other job centers. The subject’s immediate neighborhood is one of the least desirable in Albany.

Positives: One more bedroom than most homes in the area

Negatives: Needs updating / close to apartment complexes

Verdict: No Deal

The subject is a dated home in Albany, CA. Home sales are picking up as more homes qualify for FHA financing. However, the subject has a very poor location in the neighborhood as very few people want to live near apartment complexes.

Address: 731 Stannage Ave., Albany, CA 94706
List Date: 08/13/2009
Current List Price: $499,900
Cirios Value: $480,000
List Price vs. Cirios Value: 3.9% over-listed

For a complete Cirios Valuation, click here for our CLEAR report, or on the image to the right.

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