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3865 Raap Ave, Martinez, CA 94553

$399K3bd · 1ba · 1,012 sqft
Lot 6,500 sqft•Single Family Residence•
Active
•25d on market•MLS# 01-41148515

Property Description

AS-IS OPTION SALE — EXCEPTIONAL OPPORTUNITY & POTENTIAL This property is being offered as an Option Sale. Please contact the Listing Agent directly for complete details regarding the Option Sale process, terms, and offer requirements. PROPERTY & OPPORTUNITY A unique opportunity for an investor, contractor, developer, or buyer with vision to take a property that is already down to the frame and create something special. Located in a great Martinez location, this property offers tremendous possibilities for the right buyer. With the interior opened up to the framing, there is an opportunity to reimagine the space, customize the layout and finishes, and bring the home back to life. Whether the goal is to renovate for resale, create a long-term investment, or build out a personalized residence, the property offers a blank canvas with significant potential. PROPERTY CONDITION The home is currently down to the frame and is being sold strictly AS-IS, in its present condition. The property will require substantial renovation and completion by the buyer. No inspection reports or property reports are available. Buyers and their agents should conduct their own independent investigations and due diligence regarding the property's condition, renovation requirements, permits, costs, square footage, development possibilities, and any other matters affecting the property. OPEN HOUSE / PREVIEW SCHEDULE The property will be available for viewing during the following scheduled Open Houses: Saturday, September 19: 12:00 PM – 2:00 PM Wednesday, September 23: 3:00 PM – 5:00 PM Saturday, September 26: 12:00 PM – 2:00 PM Tuesday, September 29: 1:00 PM – 3:00 PM

Features & Amenities

DowntownFeeBuilt 1955

Property Details

Subdivision
Downtown
Land Type
Fee
Year Built
1955
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Gravity
Cooling
None
Flooring
Wood
City
Martinez
Zip Code
94553
County
Contra Costa
Listed byCompass, Shelly Gwynn

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,017.56
Principal & Interest
Loan Amount
$319,200
Total Interest
$407,122
Total Payment Over 30 Years
$726,322
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Downtown

This property is located in Downtown, a community in Martinez. Explore more listings in this neighborhood to compare options and pricing.

View Downtown Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

3865 Raap Ave, Martinez, CA 94553

Downtown · Martinez · Single Family Residence

$399K
Affordable Tier
Beds
3
Baths
1
Sqft
1,012
Lot
6,500 sqft
Year
1955
$/Sqft
$394
Pool: No✓
Garage: 2-car✓

Listed 31.1% below the median closed sale of $579,000. Price per sqft ($394) is a 31% discount to closed comps ($569). Closed comps sold at 101% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $399K· $394/sqft
Total list price
Closed comps
vs closed median $579K
−$180K (−31.1%)
Active comps
vs active median $725K
−$326K (−45.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $551
−$157 (−28.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
251 Arthur RdMartinez1953311,4497,405$500$725,0006571
340 Greenway DrMartinez1968321,3147,350$628$825,0001869
210 Vista WayMartinez1953321,3067,800$536$699,5009168
513 Arch StreetMartinez1927219363,600$534$499,9005465
912 Marie AveMartinez1971321,4068,450$555$779,9002465
Total: 5 · Average2.81.61,282.26,921$550.6$705,86050.4
Median1,314$725,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
640 Michele DrMartinez195309/04/2026319595,000$579,000$579,000$6041.003080
4100 Irene DriveMartinez195708/17/2026319595,000$599,900$595,000$6200.994180
1318 Potter StMartinez192409/16/2026311,2325,000$499,000$486,000$3940.973279
634 Teresa StMartinez195607/28/2026319434,000$695,000$680,000$7210.986779
2110 Pomona AveMartinez195207/08/2026311,1344,500$524,800$575,000$5071.103179
Total: 5 · Average3.01.01,045.44,700$583,000$583,000$569.2—40.2
Median959$579,000$579,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.