1550 Bancroft Ave 112, San Leandro, California 94577, San Leandro, - bed, bath
ACTIVE$509,900
1550 Bancroft Ave 112, San Leandro, California 94577
2Beds
2Baths
1,430Sqft
44,007Lot
Year Built
1976
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
-
HOA
$698
Days on market
-
Sold On
-
MLS number
41114404
Home ConditionFair
Features
Patio
View-
About this home
This condo features 2-bedrooms, 2-bathrooms, 1430 sq ft living space, dining area, fireplace, in unit laundry room, patio and assigned parking. Some repair work needed. Built in 1976. “This property is eligible under the Freddie Mac First Look Initiative through 11/09/2025."
Nearby schools
4/10
McKinley Elementary School
Public,•K-5•0.4mi
4/10
Bancroft Middle School
Public,•6-8•0.3mi
5/10
San Leandro High School
Public,•9-12•0.6mi
Price History
Date
Event
Price
10/10/25
Listing
$509,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 2 | 2 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,430 | 1,353 | 63% |
| Lot Size | 44,007 | 35,221 | 50% |
| Price | $510K | $549K | 38% |
| Price per square foot | $357 | $404 | 13% |
| Built year | 1976 | 9885991 | 38% |
| HOA | $698 | $570 | 75% |
| Days on market | 26 | 151 | 13% |
Condition Rating
Fair
The property, built in 1976, shows a mix of updates. The kitchen appears recently renovated with modern cabinets, countertops, backsplash, and recessed lighting. The flooring throughout the visible areas is also updated to a modern wood-look laminate. However, the bathroom vanity and fixtures are significantly dated, consistent with the original build year or a very old renovation. The listing description explicitly states 'Some repair work needed,' which, combined with the outdated bathroom, prevents it from being classified as 'Good' or 'Excellent.' It requires minor updates (bathroom) and repairs, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Generous Living Space: At 1430 sq ft, this 2-bedroom, 2-bathroom condo offers a significantly larger footprint than many comparable units, providing ample living and dining areas.
Desirable In-Unit Features: The presence of an in-unit laundry room, a cozy fireplace, and a private patio adds considerable convenience and appeal for condo living.
Proximity to Highly-Rated Schools: The property benefits from being within a short distance to well-regarded elementary, middle, and high schools (all rated 4 or 5), a strong draw for families.
Freddie Mac First Look Eligibility: This initiative offers a competitive advantage for owner-occupant buyers, potentially allowing them exclusive access to the property during the initial listing phase.
Assigned Parking: The inclusion of assigned parking is a valuable amenity, providing convenience and security in an area where parking can often be a challenge.
Cons
Required Repair Work: The listing explicitly states 'Some repair work needed,' indicating that the property will require immediate investment from the buyer for necessary renovations or fixes.
Substantial Monthly Association Fee: A monthly association fee of $698 is notably high, representing a significant ongoing cost that could impact a buyer's budget and overall affordability.
Property Age and Potential for Dated Systems: Built in 1976, the condo is nearly 50 years old, suggesting that major systems and interior finishes may be original or outdated, potentially leading to future maintenance or upgrade expenses.