NOT LISTED FOR SALE

The Essex on Lake Merritt 1 Lakeside Dr Unit 503 Oakland, CA 94612

Lakeside Neighborhood

Estimated Value: $686,000 - $834,000

2 Beds
2 Baths
1,232 Sq Ft
$972/mo HOA Fee

Last Sold April 26, 2024

Last sale price $850,000 $690 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $5,894/month

7 Days on Market

Highlights

  • Fitness Center
  • Pool House
  • Gated Community
  • Lincoln Elementary School Rated 10
  • Panoramic View
  • Clubhouse

About This Home

As of April 2024

This Stunning Corner unit comes with panoramic views of Lake Merritt, Oakland Hills and Downtown. Highly desirable 2-bedroom corner units are rarely on the market at The Essex. Enjoy this bright unit with its 2 bathrooms, breakfast bar and in-unit washer/dryer. Walk-in closet in the master bedroom. All appliances included. New paint and new carpet. 1 parking space in secured garage. HOA amenities: 24/7 lobby front desk; Pool; Sauna; Fitness Center; Library; Conference Room + more. Conveniently located near BART and public transportation. The Essex is a Luxurious & Sophisticated Condominium on the shores of Lake Merritt in Oakland. Enjoy the comforts of an urban vibe & effortless lifestyle - conveniently located by Lake Merrit’s natural surroundings and downtown Oakland’s dining and boutique shops.

Last Agent to Sell the Property

Bach Nguyen

Jack London Square Realty License #01370753 Listed on: 03/22/2024

Co-Listed By

Anthea Ferrer

Jack London Square Realty License #01410668

Last Buyer's Agent

Janette Licata

Corcoran Icon Properties License #01379109

Corcoran Icon Properties

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2001

Lot Details

  • 0.99

HOA Fees

  • $972 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Tuck Under Parking
  • Garage Door Opener

Property Views

  • Panoramic
  • Chain Of Lake

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Stucco

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Pool

  • Pool House
  • Above Ground Pool
  • Spa

Utilities

  • No Cooling
  • Space Heater

Additional Features

  • 3-Story Property
  • End Unit

Listing and Financial Details

  • Assessor Parcel Number 869713

Community Details

Overview

  • Association fees include common area maintenance, common hot water, hazard insurance, trash, water/sewer
  • 270 Units
  • Association Phone (510) 267-0790
  • Lake Merritt Subdivision

Recreation

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 2001

Lot Details

0

HOA Fees

$972 per month

Parking

1

Listing Details

  • Year Built: 2001
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: OBOJLS
  • Subdivision Name: LAKE MERRITT
  • Directions: corner of 17th & Lakeside
  • Architectural Style: Contemporary
  • Building Name: The Essex On Lake Merritt
  • Carport Y N: No
  • Entry Level: 5
  • Garage Yn: Yes
  • Unit Levels: Three or More Stories
  • New Construction: No
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Tile, Carpet
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Microwave
  • Accessibility Features: Accessible Elevator Installed, Accessible Hallway(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Elevator, No Additional Rooms, Breakfast Bar, Stone Counters
  • Room Kitchen Features: Breakfast Bar, Counter - Stone, Dishwasher, Garbage Disposal, Microwave

Exterior Features

  • Lot Features: Other
  • Pool Features: Above Ground, Spa, Other, Pool House, Community
  • Pool Private: No
  • View: Lake, Panoramic
  • View: Yes
  • Common Walls: Corner Unit
  • Construction Type: Stucco
  • Exterior Features: Other
  • Foundation Details: Other
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Parking Features: Below Building Parking, Garage Door Opener

Utilities

  • Heating: Space Heater
  • Cooling: None
  • Laundry Features: Hookups Only, In Unit
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Amenities: Clubhouse, Fitness Center, Pool, Gated, Other
  • Association Fee: 972
  • Association Fee Frequency: Monthly
  • Association Name: CALL LISTING AGENT
  • Phone: 510-267-0790
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Common Area Maint, Common Hot Water, Hazard Insurance, Trash, Water/Sewer

Schools

  • Senior High School District: Oakland (510) 879-8111

Lot Info

  • Zoning: 1004
  • Parcel Number: 869713
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 270

Tax Info

  • Tax Tract: 4034.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Apr 2, 2024
Sold by
Long Road Llc
Bought by
Kirkpatrick Merritt Revocable Living Trust and Merritt
Seller's Agent
Bach Nguyen
Jack London Square Realty
Buyer's Agent
Janette Licata
Corcoran Icon Properties
List Price
$825,000
Sold Price
$850,000
Premium/Discount to List
$25,000
3.03%
Views
30
Current Estimated Value
$736,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,728
Avg. Annual Appreciation
-6.78%
Original Mortgage
$350,000
Outstanding Balance
$343,628
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$408,109

Purchase Details

Closed on
Oct 9, 2023
Sold by
Chicago Title Co
Bought by
Long Road Llc

Purchase Details

Closed on
Oct 22, 2007
Sold by
Leonard Leslie L
Bought by
Cheng Patty Shan Pu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2004
Sold by
Lennar Emerald Merritt Partners Llc
Bought by
Leonard Leslie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,680
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kirkpatrick Merritt Revocable Living Trust $850,000 Chicago Title
Long Road Llc $670,000 Chicago Title
Cheng Patty Shan Pu $600,000 North American Title Company
Leonard Leslie L $512,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirkpatrick Merritt Revocable Living Trust $350,000
Previous Owner Cheng Patty Shan Pu $420,000
Previous Owner Leonard Leslie L $409,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $850,000 -- --
04/26/2024 04/26/24 Sold $850,000 +3.0% $690 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $825,000 -- $670 / Sq Ft
Source: bridgeMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,141 $860,000 $260,100 $606,900
2024 $13,141 $900,000 $270,000 $630,000
2023 $15,141 $757,463 $227,239 $530,224
2022 $14,844 $742,613 $222,784 $519,829
2021 $12,673 $728,057 $218,417 $509,640
2020 $11,247 $720,593 $216,178 $504,415
2019 $12,880 $706,470 $211,941 $494,529
2018 $10,628 $692,621 $207,786 $484,835
2017 $10,233 $679,043 $203,713 $475,330
2016 $10,513 $665,730 $199,719 $466,011
2015 $10,350 $655,733 $196,720 $459,013
2014 $10,042 $610,000 $183,000 $427,000
Source: Public Records

Agents Affiliated with this Home

  • Bach Nguyen

    Seller's Agent in 2024

    Bach Nguyen

    Jack London Square Realty

    (510) 928-8261

    2 in this area

    41 Total Sales

    Bach Nguyen
    Section Image
  • Anthea Ferrer

    Seller Co-Listing Agent in 2024

    Anthea Ferrer

    Jack London Square Realty

    (510) 452-7048

    3 in this area

    24 Total Sales

    Anthea Ferrer
    Section Image
  • Janette Licata

    Buyer's Agent in 2024

    Janette Licata

    Corcoran Icon Properties

    (925) 998-1069

    15 in this area

    22 Total Sales

    Janette Licata
    Section Image
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About The Essex on Lake Merritt

Map

Source: bridgeMLS

MLS Number: 41053635

bridgeMLS

APN: 008-0697-013-00

California Alameda County Oakland 94612 Lakeside

1 Lakeside Dr Unit 503, Oakland, CA

Not Listed for Sale

Condos

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