NOT LISTED FOR SALE

1114 Dwight Way Berkeley, CA 94702

West Berkeley Neighborhood

Estimated Value: $1,144,000 - $1,653,000

2 Beds
3 Baths
3,050 Sq Ft
$464/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $1,600,000 $525 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $8,946/month

41 Days on Market

Highlights

  • 0.18 Acre Lot
  • Contemporary Architecture
  • Engineered Wood Flooring
  • Oxford Elementary School Rated A

About This Home

As of September 2022

Cushman & Wakefield is pleased to present the opportunity to acquire 1114-1116 Dwight Way & 1090-1092 63rd Street (the Properties'' or Dwight Way & 63rd Street''), two pride of ownership properties totaling 16 units located in Berkeley and Oakland. Available together or separately, Dwight Way & 63rd Street provide residents direct access to a world-class biotechnology hub, over 675,000 local jobs, and UC Berkeley. Featuring Spanish-style architecture and mature landscaping, the Properties are an excellent value proposition for suburban living in the core Bay Area. Comprised of highly livable studio and one-bedroom floorplans, Dwight Way & 63rd Street represent limited risk investments and are well positioned to capture the market's 19% rent growth projected by 2027.

Last Listed By

Scott James MacDonald

Berkadia Real Estate Advisors License #01422005 Listed on: 06/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,687

Year Built

  • Built in 1925

Lot Details

  • 7,841

Home Design

  • 3,050 Sq Ft Home
  • Contemporary Architecture
  • Bungalow
  • Spanish Tile Roof
  • Composition Roof
  • Stucco

Flooring

  • Engineered Wood
  • Tile

Additional Features

  • 7,841 Sq Ft Lot
  • Natural Gas Connected

Community Details

  • 6 Units
  • 6 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 54-1781-22-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,687

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Architectural Style: Bungalow, Contemporary
  • Year Built: 1925
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Simulated Wood, Tile, Varies By Unit
  • Price Per Square Foot: 524.59
  • Square Footage: 3050.00

Exterior Features

  • Construction Materials: Stucco
  • Roof: Composition, Spanish Tile

Utilities

  • Utilities: Electric, Natural Gas Connected

Fee Information

  • Utilities Expenses: 7920

Lot Info

  • Assessor Parcel Number: 54-1781-22-1
  • Lot Features: None
  • Lot Size Acres: 0.1800
  • Lot Size Sq Ft: 7841.00
  • Lot Size Units: Acres
  • Price Per Acre: 8888888.89

Building Info

  • Number of Units Total: 6

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 10.67
  • Gross Income Multiplier: 11.670
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 2
  • Number of Studio Units: 4
  • Number Of Units Leased: 6
  • Number Studios Occupied: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 28, 2022
Sold by
Michael Karas Davis Living Trust
Bought by
Boho Apartments Llc
Seller's Agent
Scott James MacDonald
Berkadia Real Estate Advisors
Buyer's Agent
Non Member Sales
Non Multiple Participant
List Price
$1,750,000
Sold Price
$1,600,000
Premium/Discount to List
-$150,000
-8.57%
Total Days on Market
41
Views
7
Current Estimated Value
$1,416,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$184,000
Avg. Annual Appreciation
-5.22%
Original Mortgage
$1,072,500
Outstanding Balance
$1,040,360
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$348,307

Purchase Details

Closed on
Sep 17, 2020
Sold by
Karas Davis Michael
Bought by
Michael Karas Davis Living Trust and Negro

Purchase Details

Closed on
Jan 26, 2018
Sold by
Davis Michael K
Bought by
Davis Michael Karas and Michael Karas Davis Living Tru

Purchase Details

Closed on
Nov 9, 2016
Sold by
Karas Davis Michael K and Karas Davis Michael
Bought by
Davis Michael K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Range of Values:

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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
Boho Apartments Llc $1,600,000 Old Republic Title
Davis Michael Karas -- None Available
Davis Michael K -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boho Apartments Llc $1,072,500
Previous Owner Davis Michael K $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $1,600,000 -8.6% $525 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $1,750,000 -- $574 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $12,687 $816,000 $244,800 $571,200
2023 $12,425 $800,000 $240,000 $560,000
2022 $15,387 $1,045,500 $313,650 $731,850
2021 $15,439 $1,025,000 $307,500 $717,500
2020 $3,730 $121,265 $72,759 $48,506
2019 $3,451 $118,888 $71,333 $47,555
2018 $3,360 $116,557 $69,934 $46,623
2017 $3,198 $114,271 $68,563 $45,708
2016 $3,001 $112,031 $67,219 $44,812
2015 $2,949 $110,348 $66,209 $44,139
2014 $3,070 $108,187 $64,912 $43,275
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Scott James MacDonald

    Berkadia Real Estate Advisors

    (213) 629-6510

    1 in this area

    9 Total Sales

    Scott James MacDonald
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member Sales

    Non Multiple Participant

See All Agents

Map

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 422673068

San Francisco Association of REALTORS® MLS

APN: 054-1781-022-01

California Alameda County Berkeley 94702 West Berkeley

1114 Dwight Way, Berkeley, CA

Homes for Sale in Berkeley, CA

This home is located at 1114 Dwight Way, Berkeley, CA 94702 since 24 June 2022 and is currently estimated at $1,416,000, approximately $464 per square foot. This property was built in 1925. 1114 Dwight Way is a home located in Alameda County with nearby schools including Oxford Elementary School, Washington Elementary School, and Malcolm X Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.