At $749,888, This Pomeroy Avenue Condo Is the Cheapest Active Listing in Its Class

Among the two condos and townhomes currently active in this market, 1076 Pomeroy Avenue is the cheaper one by $248,112. That gap is the first thing worth understanding about this listing.

How it compares with homes like it

The peer rule here is: same type (condos and townhomes), within one bedroom, size within 25%, over the last 24 months, expanded to the whole market to find at least four sales. That search returned zero recorded sales. There are no closed transactions in the comparable set to anchor this price to anything.

That absence is itself informative. A 2-bedroom, 947-square-foot condo built in 1963 in this market apparently does not change hands often — or the record is thin enough that no sale met the criteria. Either way, there is no transaction history to read against.

The one active peer is 131 Greenmeadow Way, a 1-bedroom, 768-square-foot unit asking $998,000, or $1,299 per square foot. Pomeroy is asking $792 per square foot. The smaller unit with one fewer bedroom is priced 33 percent higher in absolute terms and 64 percent higher on a per-square-foot basis. That spread is large enough to invite scrutiny of why Pomeroy is priced where it is.

Several factors visible in the record point toward an explanation. The unit is 947 square feet on a 969-square-foot lot — essentially no outdoor land beyond the footprint, which limits the appeal in a market where outdoor space commands a premium. It was built in 1963 and carries a single bathroom for two bedrooms, a floor plan that tends to constrain demand. At $749,888 it sits at the bottom of active inventory by price. Whether the discount reflects condition, a motivated seller, or simply a realistic read on what the unit offers, the record does not say.

Comparable sales

There are no recorded comparable sales in the last 24 months that meet the peer criteria (same type, within one bedroom, size within 25%, whole market). The table below is empty because the data is empty — not because the search was skipped.

With zero sales in the comparable set, there is no transaction line to read. This is an unusually thin data environment for any active listing.

Condos and townhomes across the market

There are 2 condos and townhomes currently active. No sales of this type have closed in the last 180 days, so there is no median sale price or median price per square foot to report. The median asking price across the 2 active listings is $873,944. Pomeroy Avenue sits below that figure.

A market with 2 active listings and 0 closed sales in six months is not a functioning comparable set — it is a segment with very limited activity, which makes every data point here provisional.

How the market is doing

The broader market context for all property types covers a 758–1,136 square foot size band. Recorded sales in the last 180 days in that band: 0. Sales in the same window a year ago: 0. There are 10 active listings across all types in the market, with a median asking price of $2,547,000. Pomeroy Avenue is priced 70.6 percent below that figure — but that comparison is whole-market, predominantly single-family homes, and is not a like-for-like read on a 2-bedroom condo.

What it would cost a month

At the asking price of $749,888, financed at the national 30-year fixed average for the week of September 24, 2026, the principal and interest payment works out as follows. That rate is 7.03 percent. The figure below is principal and interest only — it does not include taxes, insurance, or any HOA dues.

Tim McMullen · CA DRE #02016832
tim@mcmullen.properties · (415) 691-9272