901 Jefferson St 406, Oakland, California 94607, Oakland, - bed, bath
ACTIVE$389,900
901 Jefferson St 406, Oakland, California 94607
2Beds
2Baths
865Sqft
22,502Lot
Year Built
2009
Close
-
List price
$390K
Original List price
$480K
Price/Sqft
-
HOA
$612
Days on market
-
Sold On
-
MLS number
41104126
Home ConditionFair
Features
View-
About this home
Two bedroom and two bath condo. This is an REO/Foreclosure sold as is. “This property is eligible under the Freddie Mac First Look Initiative through 08/10/2025”
Price History
Date
Event
Price
10/24/25
Price Change
$389,900-7.1%
09/23/25
Price Change
$419,900-6.7%
09/16/25
Price Change
$449,900
07/09/25
Listing
$479,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (49 Listings) | |
|---|---|---|---|
| Beds | 2 | 1 | 52% |
| Baths | 2 | 2 | 50% |
| Square foot | 865 | 960 | 32% |
| Lot Size | 22,502 | 96,280 | 20% |
| Price | $390K | $420K | 38% |
| Price per square foot | $451 | $457 | 48% |
| Built year | 2009 | 10031003 | 76% |
| HOA | $612 | $628.5 | 48% |
| Days on market | 119 | 187 | 30% |
Condition Rating
Fair
The property, built in 2009, features a modern exterior and a contemporary kitchen with dark cabinetry and light countertops. The main living area has attractive hardwood flooring. However, the listing is an REO/Foreclosure sold 'as is,' and images reveal bare, stained concrete flooring in at least one room, indicating significant unfinished work or removed flooring. While the core structure and visible areas of the kitchen and living room appear to be in good condition, the immediate need for flooring installation in a primary living space means it is not move-in ready and requires more than minor updates, pushing it out of the 'Good' category. It does not, however, show signs of major structural or system defects that would classify it as 'Poor'.
Pros & Cons
Pros
Significant Price Reduction: The property has undergone substantial price drops from its original list price of $479,900 to the current $389,900, indicating a motivated seller and potential for a competitive purchase.
Modern Construction: Built in 2009, the condominium benefits from relatively new construction, suggesting modern building codes, potentially better energy efficiency, and fewer immediate major structural concerns.
Desirable Configuration: The 2-bedroom, 2-bathroom layout is highly functional and widely sought after, appealing to a broad range of buyers including singles, couples, or small families.
Freddie Mac First Look Initiative: This initiative provides an exclusive purchasing window for owner-occupant buyers until 08/10/2025, potentially reducing initial competition from investors and facilitating homeownership.
Prime Urban Location: Located in Oakland, the property is situated in a dynamic urban center, likely offering convenient access to amenities, public transportation, and employment opportunities.
Cons
REO/Foreclosure & 'As-Is' Sale: As a bank-owned (REO) property sold 'as-is,' the buyer assumes full responsibility for any necessary repairs or unforeseen issues, which could lead to additional, unbudgeted expenses.
High Monthly Association Fee: The monthly association fee of $612.0 is substantial and significantly adds to the overall cost of ownership, which may impact affordability for some potential buyers.
Potential for Condition Issues: Given its foreclosure status, there is an increased likelihood of deferred maintenance or cosmetic/functional issues that may require immediate attention and investment from the buyer post-purchase.