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5636 Panama Ave, Richmond, California 94804, Richmond, 94804 - 3 bed, 1 bath

5636 Panama Ave, Richmond, California 94804 home-pic-0
ACTIVE$699,000
5636 Panama Ave, Richmond, California 94804
3Beds
1Bath
1,611Sqft
5,000Lot
Year Built
1941
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
41117064
Home ConditionExcellent
Features
Good View:
Deck
View-

About this home

Great Deal:The estimated price is 4% above the list price. We found 4 Cons,5 Pros. Rank: price - $699.0K(68th), sqft - 1611(81th), beds - 3(50th), baths - 1(47th).

Spacious and serene home in a prime Annex location. Zoned for top-rated El Cerrito schools. Upstairs you will find two bedrooms and one updated bathroom, plus a large bedroom downstairs, with potential to add another bathroom and create an incredible primary suite that opens to the lush garden. Enjoy peaceful views of the Berkeley Hills and the UC Berkeley Campanile. The expansive garden offers wonderful indoor-outdoor flow. Updates include a high-end metal tile roof, an energy-efficient heat pump providing both heating and air conditioning, updated windows, and a stylishly renovated open kitchen. Attached one-car garage. Fantastic location — walk to BART, El Cerrito Natural Grocery, local shops, and Huntington Park. Offers due 11/18.

Nearby schools

5/10
Fairmont Elementary School
Public,•K-6•0.4mi
4/10
Fred T. Korematsu Middle School
Public,•7-8•0.9mi
5/10
El Cerrito Senior High School
Public,•9-12•0.9mi

Price History

Date
Event
Price
11/08/25
Listing
$699,000
05/08/19
Sold
$900,000
Condition Rating
Excellent
Despite being built in 1941, the property has undergone extensive and high-quality renovations, as evidenced by the 'stylishly renovated open kitchen' with modern appliances, quartz countertops, and contemporary backsplash, and the 'updated bathroom' featuring a modern vanity and fixtures. Key systems like the roof (high-end metal tile), HVAC (energy-efficient heat pump), and windows have also been updated, indicating a property that is virtually new in its critical components and meets current quality standards.
Pros & Cons

Pros

Exceptional Location & Walkability: Prime Annex location offering fantastic walkability to BART, El Cerrito Natural Grocery, local shops, and Huntington Park, enhancing convenience and lifestyle.
Extensive Modern Updates: The property boasts significant recent upgrades including a high-end metal tile roof, an energy-efficient heat pump (providing both heating and air conditioning), updated windows, and a stylishly renovated open kitchen.
Highly-Rated School District: Zoned for top-rated El Cerrito schools, a major advantage for families seeking quality education.
Expansion Potential & Indoor-Outdoor Living: Offers potential to add a second bathroom and create an incredible primary suite downstairs, complemented by an expansive garden providing excellent indoor-outdoor flow.
Scenic Views & Serene Environment: Enjoys peaceful views of the Berkeley Hills and the UC Berkeley Campanile, contributing to a serene and desirable living atmosphere.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1611, other record living area = 1211.
Limited Bathroom Count: With only one updated bathroom for a three-bedroom home, this may be insufficient for many buyers' needs, despite the potential for future expansion.
Substantial Price Reduction from Previous Sale: The current list price is significantly lower than its 2019 sale price, which may raise questions and warrant further investigation into the reasons for the decrease.
Age of Original Structure: Built in 1941, while extensively updated, the underlying older structure could potentially present unforeseen maintenance challenges or require additional modernization beyond current renovations.

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