NOT LISTED FOR SALE

The Essex on Lake Merritt 1 Lakeside Dr Unit 511 Oakland, CA 94612

Lakeside Neighborhood

Estimated Value: $515,000 - $854,000

1 Bed
1 Bath
917 Sq Ft
42,959 Sq Ft

Last Sold May 31, 2019

Last sale price $760,000 $829 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $3,940/month

14 Days on Market

Highlights

  • Private Pool
  • Enclosed Parking
  • Heating Available
  • Lincoln Elementary School Rated 10
  • Dining Area

About This Home

As of May 2019

Beauty, serenity, panoramic views & location! The Essex is an architectural gem on Lake Merritt & this beautiful condo underscores the reasons why it's a sought after place to live. Open the door to stunning views of the Lake and the Oakland Hills seen through floor-to-ceiling windows in the living area. The open floor plan allows for natural light, views, & entertaining throughout the kitchen, dining, and living areas. This 1 bed/1 bath has flex-space ideal for an office or small den. Kitchen and breakfast bar have stone countertops, kitchen fully equipped. Newly painted, new flooring in kitchen and bath, in-unit washer/dryer, and a dedicated parking space in secure garage. Building has 24/7 concierge, rooftop heated infinity pool, spa/hot tub/sauna, fitness center, conference and media rooms, club house. Close to 2 Bart stations, major frwys, farmers mkts, tons of restautants/pubs, museum, theater, & more in a vibrant & appealing part of the city. You'll love living here

Last Agent to Sell the Property

Ann Nolan

Corcoran Icon Properties License #02000232 Listed on: 04/30/2019

Corcoran Icon Properties

Last Buyer's Agent

Glennie Kramer-Baker

Compass License #01977223

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2001

Lot Details

  • 0.99

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 917 Sq Ft Home
  • Dining Area

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Private Pool
  • Heating Available

Community Details

  • Property has a Home Owners Association
  • Association fees include garbage, hot water, insurance - hazard, maintenance - common area, maintenance - exterior, management fee, reserves, security service
  • The Essex On Lake Merritt Association
  • 21-Story Property

Listing and Financial Details

  • Assessor Parcel Number 008-0697-007

Property Details

Home Type

Condominium

Year Built

Built in 2001

Lot Details

0.99 Acres

Parking

1

Listing Details

  • Subclass: Condominium
  • Listing Class: Residential
  • Structure Sq Ft: 917
  • Year Built: 2001
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room: Dining Area
  • Living Sq Ft: 917
  • Stories: 21
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar and Gravel
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Enclosed, Gate / Door Opener, Underground Parking

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 692
  • Association Fees Include: Garbage, Hot Water, Insurance - Hazard, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Security Service
  • H O A Name Text: The Essex on Lake Merritt
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 008-0697-007
  • Lot Acres: 0.9862
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 42960.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 42960.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Alameda City Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2019
Closed on
May 23, 2019
Sold by
Noorda Brent S and Newman Amy B
Bought by
Gupta Rahul K
Seller's Agent
Ann Nolan
Corcoran Icon Properties
Buyer's Agent
Glennie Kramer-Baker
Compass
List Price
$688,000
Sold Price
$760,000
Premium/Discount to List
$72,000
10.47%
Current Estimated Value
$605,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$154,559
Avg. Annual Appreciation
-3.31%
Original Mortgage
$570,000
Outstanding Balance
$491,054
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$114,387

Purchase Details

Closed on
Apr 9, 2016
Sold by
Noorda Brent S and Newman Amy N
Bought by
The Noorda Newman Family Trust

Purchase Details

Closed on
Mar 27, 2013
Sold by
Tsai Kirk
Bought by
Noorda Brent S and Newman Amy B

Purchase Details

Closed on
Jan 22, 2010
Sold by
Chang Robert A and Schonauer Anne
Bought by
Tsai Kirk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,300
Interest Rate
4.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 26, 2004
Sold by
Lennar Emerald Merritt Partners Llc
Bought by
Chang Robert A and Schonauer Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,400
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gupta Rahul K $760,000 First American Title Company
The Noorda Newman Family Trust -- None Available
Noorda Brent S $355,000 Fidelity National Title Comp
Tsai Kirk $349,000 Old Republic Title Company
Chang Robert A $438,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gupta Rahul K $570,000
Previous Owner Tsai Kirk $225,300
Previous Owner Chang Robert A $350,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2019 05/31/19 Sold $760,000 +10.5% $829 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $688,000 -- $750 / Sq Ft
Source: MLSListings

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 $9,965 $593,000 $180,000 $420,000
2024 $9,965 $648,000 $196,500 $458,500
2023 $10,255 $627,000 $188,100 $438,900
2022 $12,522 $693,000 $210,000 $490,000
2021 $12,032 $776,224 $234,967 $548,257
2020 $11,901 $775,200 $232,560 $542,640
2019 $6,547 $391,880 $117,564 $274,316
2018 $6,413 $384,198 $115,259 $268,939
2017 $6,155 $376,664 $112,999 $263,665
2016 $5,919 $369,281 $110,784 $258,497
2015 $5,887 $363,735 $109,120 $254,615
2014 $5,923 $356,611 $106,983 $249,628
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Ann Nolan

    Corcoran Icon Properties

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About The Essex on Lake Merritt

Map

Source: MLSListings

MLS Number: ML81749401

MLSListings

APN: 008-0697-007-00

California Alameda County Oakland 94612 Lakeside

1 Lakeside Dr Unit 511, Oakland, CA

Not Listed for Sale

Condos

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