NOT LISTED FOR SALE

1240 Martin Luther King jr Way Berkeley, CA 94709

North Berkeley Neighborhood

Estimated Value: $1,228,000 - $1,613,000

2 Beds
1 Bath
1,164 Sq Ft
$1,216/Sq Ft Est. Value

About This Home

This home is located at 1240 Martin Luther King jr Way, Berkeley, CA 94709 and is currently estimated at $1,415,441, approximately $1,216 per square foot. 1240 Martin Luther King jr Way is a home located in Alameda County with nearby schools including Berkeley Arts Magnet at Whittier School, Thousand Oaks Elementary School, and Ruth Acty Elementary.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2020
Sold by
Lorraine Sykes Living Trust and Sykes Lorraine
Bought by
Lorraine Sykes Living Trust and Sykes
Current Estimated Value
$1,415,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,148,400
Outstanding Balance
$64,148
Interest Rate
6.6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$1,351,293

Purchase Details

Closed on
Sep 25, 2020
Sold by
Lorraine Sykes Living Trust and Sykes Lorraine
Bought by
Lorraine Sykes Living Trust and Sykes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,148,400
Outstanding Balance
$64,148
Interest Rate
6.6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$1,351,293

Purchase Details

Closed on
Sep 18, 2020
Sold by
Sykes Lorraine and The Lorraine Sykes Living Trus
Bought by
Sykes Lorraine and The Lorraine Sykes Living Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,148,400
Outstanding Balance
$64,148
Interest Rate
6.6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$1,351,293

Purchase Details

Closed on
Feb 6, 2020
Sold by
Sykes Lorraine
Bought by
Sykes Lorraine and Lorraine Sykes Living Trust

Purchase Details

Closed on
Sep 1, 2015
Sold by
Lavine Melvin S and Sullivan Siobhan
Bought by
The Melvin S Lavine Trust

Purchase Details

Closed on
Mar 21, 2012
Sold by
Lavine Melvin S
Bought by
Lavine Melvin S and Sullivan Siobhan

Purchase Details

Closed on
Aug 10, 2011
Sold by
Lavine Melvin S and Sullivan Siobhan
Bought by
Lavine Melvin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,300
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2005
Sold by
Lavine Melvin S
Bought by
Lavine Melvin S and Sullivan Stobhan

Purchase Details

Closed on
Feb 5, 1999
Sold by
Lavine Melvin S
Bought by
Lavine Melvin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.77%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Lorraine Sykes Living Trust -- Fnc Title Services
Lorraine Sykes Living Trust -- Fnc Title Services
Sykes Lorraine -- Fnc Title Of Ca
Sykes Lorraine -- None Available
Sykes Lorraine -- None Available
The Melvin S Lavine Trust -- None Available
Lavine Melvin S -- None Available
Lavine Melvin S $64,000 None Available
Lavine Melvin S -- --
Lavine Melvin S -- California Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorraine Sykes Living Trust $1,148,400
Closed Lorraine Sykes Living Trust $1,148,400
Closed Lorraine Sykes Living Trust $1,148,400
Closed Sykes Lorraine $1,148,400
Previous Owner Lavine Melvin S $127,300
Previous Owner Lavine Melvin S $149,000
Source: Public Records

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
2025 $9,620 $452,751 $137,925 $321,826
2024 $9,620 $443,738 $135,221 $315,517
2023 $9,350 $441,900 $132,570 $309,330
2022 $9,298 $426,237 $129,971 $303,266
2021 $9,289 $417,743 $127,423 $297,320
2020 $8,746 $420,388 $126,116 $294,272
2019 $8,332 $412,146 $123,644 $288,502
2018 $8,145 $404,065 $121,219 $282,846
2017 $7,921 $396,143 $118,843 $277,300
2016 $7,045 $388,377 $116,513 $271,864
2015 $6,933 $382,545 $114,763 $267,782
2014 $6,845 $375,051 $112,515 $262,536
Source: Public Records

Map

California Alameda County Berkeley 94703 North Berkeley

1240 Martin Luther King jr Way, Berkeley, CA

Not Listed for Sale

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