989 Franklin Street 307, Oakland, California 94607, Oakland, - bed, bath
ACTIVE$320,000
989 Franklin Street 307, Oakland, California 94607
1Bed
1Bath
533Sqft
1,899Lot
Year Built
2004
Close
-
List price
$320K
Original List price
$370K
Price/Sqft
-
HOA
$495
Days on market
-
Sold On
-
MLS number
41079023
Home ConditionGood
Features
View-
About this home
Nice condo in the heart of Chinatown. Close to Resturant, hospital, markets, subways/BART and bus stops! Elevator, courtyard and roof deck in this building. Laundry washer and dryer are in the unit, modern lights, granite counter tops and board floors! Lower HOA fee is only $495 includes 1 parking space! Open house on Sunday Nov. 2 and 9 at 11:00pm-4:00pm.
Price History
Date
Event
Price
10/28/25
Price Change
$320,000-8.6%
09/16/25
Price Change
$350,000
11/15/24
Listing
$369,995
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (49 Listings) | |
|---|---|---|---|
| Beds | 1 | 1 | 50% |
| Baths | 1 | 2 | 48% |
| Square foot | 533 | 960 | 4% |
| Lot Size | 1,899 | 96,280 | 6% |
| Price | $320K | $420K | 22% |
| Price per square foot | $600 | $459.5 | 90% |
| Built year | 2004 | 10031003 | 46% |
| HOA | $495 | $628.5 | 28% |
| Days on market | 354 | 191 | 92% |
Condition Rating
Good
Built in 2004, this condo falls within the 10-20 year age range for a 'Good' rating. The property features 'board floors' (hardwood/laminate) and recessed lighting, which are positive. The kitchen boasts granite countertops and a modern sink/faucet, but the white appliances (range and hood) appear dated, preventing an 'Excellent' score. The bathroom is clean and functional with a matching granite-like counter. Overall, the unit is move-in ready and well-maintained with minimal wear and tear, requiring no immediate renovations.
Pros & Cons
Pros
Prime Urban Location: Situated in the vibrant heart of Chinatown, offering unparalleled access to diverse restaurants, markets, healthcare facilities, and major public transportation hubs (BART/bus).
Desirable Building Amenities: The building provides excellent amenities including an elevator, a communal courtyard, and a roof deck, enhancing the urban living experience.
Modern Interior & Convenience: Features a highly desirable in-unit washer and dryer, complemented by modern lighting, granite countertops, and board floors, offering contemporary comfort.
Competitive HOA with Parking: A reasonable HOA fee of $495 includes a dedicated parking space, a significant asset in a dense urban setting, adding considerable value.
Newer Construction: Built in 2004, the property benefits from relatively modern construction, potentially reducing immediate maintenance and repair concerns compared to older buildings.
Cons
Many Open Houses Held: The property is on market for 0 days and has already held 24 open houses.
Compact Living Space: With 533 square feet, the unit offers limited living area, which may be a constraint for buyers desiring more spacious accommodations or those with extensive belongings.
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $369,995 to $320,000, which could suggest initial overpricing or market resistance.
Limited Demographic Appeal: As a 1-bedroom unit, its appeal is primarily restricted to single occupants or couples, potentially limiting the buyer pool, especially considering mixed school ratings in the vicinity.