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

The subject is a well-maintained home in the desirable section of Oakland referred to as Montclair. The home has good curb appeal and is within walking distance of Montclair village which is home to numerous shops and restaurants. The home could use some updating and there is NO parking on site which is why the asking price is below most homes in the area.

The Montclair village portion of Oakland is very desirable, as it is close to numerous amenities including good schools and well-regarded restaurants. In addition, it offers a more affordable option to Piedmont and Rockridge. While home values are still coming down, we believe that Montclair will continue to be an attractive place to live.

Positives: Desirable neighborhood, well-maintained

Negatives: NO ON SITE PARKING

Verdict: NO DEAL

Buyers have quite a few options to choose from in the $600k to $700k range in this part of Oakland so they have the luxury of waiting to find the perfect place for them. Since the subject does not have parking on-site, we believe it is less attractive than many of the homes in its surrounding area.

Address: 5692 Cabot Dr., Oakland, CA 94611
List Date: 7/30/2009
Current List Price: $649,000
Cirios Value: $640,000
List Price vs. Cirios Value: 1.3% over-listed

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

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