Hot Pick Home: 'Smart Value' in the Bay Area - November 23, 2020

Every week our data and real estate experts seek out the best homes on the market in the Bay Area. They've even developed a criteria ranking system based on a multitude of factors to aid in their hunt - and so ZeroDown Hot Picks was born.

This is where we'll be sharing the best of the best homes, every week, in the following categories: Smart Value, Green, Restful, and Best Improvements.

A 'Smart Value' home is one that fits a number of the following criteria:

  • Located within an area that has seen positive growth in the last three three years in median sale price/sq ft for homes
  • Located in an area with the best home price appreciation within the last three, five, or ten years
  • Has been recently updated or remodeled, adding value
  • Is at the 50th percentile or more of living space on the block
  • Has an estimated $ per sq ft sale price that does not exceed the area median by more than 10%

The core idea is this: As a purchase that is also an investment, does this home really make for a smart purchase? We believe this one does.

ZeroDown Hot Pick Home: ‘Smart Value’ in the Bay Area - week of 11/23/2020

3630 Hillview St, Oakland, CA 94620

Since 2016, median sale prices per square foot have risen by 38% in the zip code where this three bed, two bath home with an updated full bathroom and deck in Oakland is located. This suggests there should be steady growth in value in the future. 

The property is among the 72nd percentile of living space in the area (and the 61st percentile in the number of bedrooms and 68th percentile for bathrooms).

We expect the final price per square foot will be slightly lower than the median for similar properties nearby. This combination of historical appreciation, updated bathroom, and size relative to surrounding homes make this a ZeroDown's 'Smart Value' Hot Pick.

Check out more of this awesome and smart value property through this virtual home tour:

READ MORE: ZeroDown Hot Pick Home: 'Restful' in the Bay Area

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Further reading

Hot Pick Home: 'Green' in the Bay Area - January 18, 2021

For a homebuyer who is concerned with reducing their environmental impact, does this Morgan Hill home offer amenities, and is it located in a place that can help the buyer achieve those goals?

Hot Pick Home: 'Best Upgrades' in the Bay Area - January 18, 2021

Does this San Jose home have improvements that significantly increase the comfort and value of the home?

Hot Pick Home: 'Neighborly' in the Bay Area - January 18, 2021

Is this Berkeley home located in an area and does it have access to amenities that make it conducive to a neighborly, civic lifestyle?