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Homes Near Public Transit: What's For Sale In Berkeley

A study done this year concluded houses near mass transit have higher property values

This home on Wallace Street is listed at $749,900
This home on Wallace Street is listed at $749,900
When it comes to real estate, the adage "location, location, location" seems to apply to public transit as well as schools and other amenities.

study done this year by the Center for Neighborhood Technology concluded that houses near public transportation such as buses and trains had higher property values that similar homes that didn't have easy access to transit.

This was particularly true during the housing crisis that began in 2007. Homes near mass transit weathered that storm better other houses, the study said.

Nationally, researchers said homes within a half-mile of public transportation with high frequency service performed 42 percent better when it came to property values.

In the Bay Area, those homes near transit performed 37 percent better than other properties.

With the BART labor talks in the news,  we thought we'd see what houses near public transit are on the market in our communities.

In Berkeley, this three-bedroom, two-bathroom home at 2809 Wallace St. is located near AC Transit bus lines and isn't too far from the Ashby BART station.

The home, built in 1924, is 1,752 square feet on less than an tenth of an acre. It's listed at $749,900.

Do you know of other homes near public transit for sale in your town? Let us know in the comments.

This information was provided by Corey Weinstein, Broker Associate, Red Oak Realty, 510-708-0789 or corey@orangedoorproperties.com. Featured properties may be listed by a variety of local firms--agent does not represent this property.

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