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7983 Michigan Ave, Oakland, CA, 94605

2beds
2baths
1,318sqft
$499,999
$379price/sqft
$3,991/moest. monthly cost
$159,640/yrincome needed

About This Home

INVESTOR SPECIAL!!!!!!! Grand opportunity to own a piece of the Oakland Hills. Property sits on an 8,000+ square-foot lot, with views of San Francisco, Bay Area. Perfect opportunity for any fix & flip Investor, or Buyer(s) looking to create their dream home in the Oakland Hills. ARV is $900k!! Home next door sold for $900k a few years ago, and a home up the street (same street) sold for $950K a few months ago; both are very similar homes. FRESH ON MARKET!!

Getting Around

47
WalkingCar-Dependent
50
TransitGood Transit
19
BikeSomewhat Bikeable

Schools

2/10
Howard Elementary SchoolGrades K-50.6 mi
2/10
Castlemont HighGrades 9-120.5 mi

Construction

Condition

  • Year built: 1945

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Concrete,Stucco,Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Laundry

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Space in Kitchen,Dining/Living Combo

Features

  • Flooring: Wood,See Remarks

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: See Remarks

Interior Area

  • Total structure area: 0
  • Total interior livable area: 1,318 sqft

Kitchen

  • Features: Kitchen/Family Combo

Property

Details

  • Parcel number: 40A342514
  • Attached to another structure: Yes
  • Zoning: RD
  • Special condition: In Foreclosure,Notice Of Default,Offer As Is

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8,102 sqft
  • Features: Private,Shape Regular,Grass Painted

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Landslide

FEMA Declared Disasters in Alameda County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,528$30,336
Home Insurance *$142$1,704
Property Taxes $923$11,076
Electricity $398$4,786
Total$3,991$47,892
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,834/yr
40% on housing$119,730/yr
45% on housing$106,426/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$379This listing

vs Other Active Listings

Avg $/sqft

ZIP 94605$340
Alameda County$497

vs Homes Sold Last Month

Median $/sqft

ZIP 94605$502
Alameda County$664

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
1993-12-29Sold$124,500

Pre-Foreclosure

AgentSherrisa White
BrokerageeXp Realty of Northern California, Inc.

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