$605,000
3121 Monticello Avenue, Oakland, California 94619, United States
1925 bungalow offering hardwood floors, fireplace, and expansion potential
2
Beds
1
Baths
1,055
Sq Ft
1925
Built
0.14 acres
Lot
2-car attached
Garage
This classic 1925 Maxwell Park bungalow announces itself with a welcoming façade and a surprise most buyers crave in Oakland: a deep, private backyard accessed through original French doors. Inside, 1,055 square feet unfold with hardwood floors underfoot, a formal dining room for family gatherings, and a living room anchored by a working fireplace that speaks to the home’s era and charm. The layout feels compact but comfortable — two bedrooms, one full bath, and convenient indoor laundry all on a single level.
The kitchen and service areas reflect the property’s “average” condition and offer room for thoughtful updates; with a flat roof and wall furnace heating plus a window cooling unit, this bungalow is ideal for buyers who want character now and value-add potential over time. A notable practical asset is the attached 2-car garage and driveway, rare for many Oakland parcels and valuable for storage, hobbies, or potential conversion planning.
Outside, the nearly 6,109 sq ft lot (0.14 acre) is the story’s headline: lawns, mature plantings, and sunny space that could host an expanded patio, raised beds, or an accessory dwelling unit — zoning (RD-1) allows for ADUs subject to permit. French doors frame the backyard as a natural extension of the living space, making outdoor entertaining effortless. The property’s level lot and standard residential frontage on Monticello Avenue simplify access and future improvement plans.
Located in Maxwell Park, the home sits moments from Maxwell Park itself and close to Laurel District shopping, Dimond Park, and quick access to High Street and I-580. The neighborhood’s tree-lined streets and steady appreciation have made this pocket desirable; comparable bungalows nearby have sold in the $580K–$630K range in recent months. Important due diligence items remain: verify roof and foundation condition, review electrical and plumbing for upgrades, and confirm lot lines before any expansion. For a buyer seeking a character-filled starter or an investor eyeing upside through renovation or an ADU, 3121 Monticello presents a compelling, flexible canvas.
Maxwell Park is an established Oakland enclave known for mature trees, bungalow-style homes, and a strong community vibe. Residents enjoy quick trips to Maxwell Park itself, local cafes and shops in the Laurel District, and larger green spaces like Dimond Park and the Oakland Zoo. Commute options are straightforward via High Street and nearby I-580. The neighborhood blends quiet residential streets with easy access to shopping and recreation, attracting buyers who want neighborhood character plus practical conveniences.
Maxwell Park currently reads as a balanced market with a slight tilt toward sellers. Inventory sits at roughly 2.5 months, and the neighborhood’s average days on market is about 35 — transactions move steadily but without frenzy. Median sale price in the broader area is reported near $701,000, while recent comparable bungalow sales within a half-mile clustered between $580,000 and $630,000, supporting a fair market estimate around $605,000 for this property. One-year appreciation is modest (approximately 5%), while five-year appreciation has been strong (about 25%), reflecting ongoing demand for walkable, established Oakland neighborhoods. Single-family bungalows in Maxwell Park perform well relative to condos and multi-family units because of yard space and parking — both coveted features. Given limited inventory and steady buyer interest, now is a favorable time for sellers seeking to capture appreciation and for buyers who plan to renovate or add value through improvements or an accessory dwelling unit, but prudent buyers should account for potential update costs and obtain full inspections before purchase.
Skyline High School
High
Frick United Academy of Language
Middle
Allendale Elementary School
Elementary
Very good outdoor access: Maxwell Park is steps away, Dimond Park and the Oakland Zoo are within a few miles, and regional attractions like Chabot Space & Science Center are nearby — ample parks, trails, and recreation within a short drive.
3121 Monticello Avenue is a 2-bedroom, 1-bathroom bungalow built in 1925 with 1,055 SF of living space on a 0.14-acre lot in Oakland's desirable Maxwell Park neighborhood. The property features hardwood floors, a cozy fireplace in the living room, French doors leading to an expansive backyard, and an attached 2-car garage. The home offers a comfortable layout with a formal dining room and indoor laundry facilities.
From a valuation perspective, comparable sales in Maxwell Park suggest a current fair market value of $580,000–$630,000, with a midpoint estimate of $605,000 ($573/SF). The property was last sold in 1996 for $12,500, indicating significant appreciation over the past three decades. The current assessed value of $149,503 appears substantially below market, which is common due to California's Proposition 13 limiting annual assessment increases.
Maxwell Park is a well-established neighborhood known for its tree-lined streets and community-oriented atmosphere. The area has experienced a 25% increase in median home values since 2020, reflecting steady demand. The neighborhood offers convenient access to parks, shopping districts, and recreational facilities, including the Oakland Zoo and Dimond Park. The property's proximity to High Street and I-580 provides easy commuting options.
Overall, this property represents a solid investment opportunity in a stable neighborhood with potential for value appreciation. The expansive backyard and attached garage offer possibilities for expansion or customization. Key due diligence items include verifying the condition of the roof and foundation, assessing any needed updates to electrical and plumbing systems, and reviewing zoning regulations for potential additions or accessory dwelling units.
Charming bungalow in a stable Oakland neighborhood with significant appreciation potential. Expansive lot and existing features offer opportunities for value enhancement through updates and possible expansion.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$580K
Midpoint
$605K
High
$630K
$573/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $149,503 appears significantly below market.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Maxwell Park median home values increased 25% from 2020-2025. Diverse community with strong local engagement. Walkability Rating estimate: 74/100.
Close to parks, shopping districts, and recreational facilities. Easy access to High Street and I-580 for commuting.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$12/SF
Arm's length transaction
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