NOT LISTED FOR SALE

Estimated Value: $991,000 - $1,654,000

3 Beds
3 Baths
1,737 Sq Ft
$744/Sq Ft Est. Value

Last Sold March 06, 2023

Last sale price $950,000 $547 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,176/month

43 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Garden
  • Rosa Parks Elementary School Rated A
  • Fireplace
  • Forced Air Heating System

About This Home

As of March 2023

What makes “the Berkeley Way” different? To us, it means doing well by doing good, & that is what 1275 Berkeley Way is all about. In the heart of Berkeley, just off University Avenue & 3 blocks from North Berkeley BART, you will find 2 structures, & something special. The front unit is a 2 bedroom, 1 bath with all the classic touches. The price is transparent. When this property was donated by the previous owner to a Tibetan Meditation School, they asked that their friend be allowed to continue living in the back unit, rent free. So, you have a rare opportunity to do well by doing good. Your money goes to support a charity, & you will be providing a place to live for someone in their golden years. When the current resident opens the door to the next phase of her life, you will have the chance to rent out the unit to those who need it, or to share the space with your loved ones and community.* By doing the right thing now, you will reap the future rewards. That's what we mean by “the Berkeley Way”. It means living in a community where you can do well while doing the right thing. *Neither seller nor listing agent has investigated or verified the accuracy of any of these sources of information nor guarantee any short term, nor increase in future long term, rental income

Last Agent to Sell the Property

Seth Franklin

Red Oak Realty License #01947142 Listed on: 01/11/2023

Red Oak Realty

Co-Listed By

Denitsa Shopova

Kw Advisors East Bay License #02137852

Last Buyer's Agent

John Seravic

License #01901108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,804

Year Built

  • Built in 1942

Lot Details

  • 4,249 Sq Ft Lot
  • Garden
  • Back and Front Yard

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • Fireplace

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 1,737 Sq Ft Building
  • Bridge Aor Association
  • Central Berkeley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 57208114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,804

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Year Built: 1942
  • Property Sub Type: 2HOUSES-1LOT
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Co List Office Mls Id: OBBREDO
  • Subdivision Name: CENTRAL BERKELEY
  • Directions: University->Chestnut->Berkeley Way
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Wood, Other
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater
  • Other Equipment: Other
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Lot Features: 2 Houses / 1 Lot
  • Construction Type: Stucco
  • Exterior Features: Back Yard, Front Yard, Side Yard, Garden

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Heating: Forced Air, Wall Furnace
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Cooling: No Air Conditioning
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4249
  • Parcel Number: 57208114
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Feb 27, 2023
Sold by
Head Lama Of The Tibetan Nyingmapa Medit
Bought by
Lopez-Tello Esperanza and Lopez-Tello Carmen
Seller's Agent
Seth Franklin
Red Oak Realty
Buyer's Agent
John Seravic
List Price
$899,000
Sold Price
$950,000
Premium/Discount to List
$51,000
5.67%
Views
188
Current Estimated Value
$1,292,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,587
Avg. Annual Appreciation
14.33%

Purchase Details

Closed on
Sep 15, 2020
Sold by
Petranker Jack and The Claudio Naranjo Family Tru
Bought by
Head Lama Of Tibetan Nyingmapa Meditatio
Source: Public Records

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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
Lopez-Tello Esperanza $950,000 Old Republic Title Company
Head Lama Of Tibetan Nyingmapa Meditatio -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naranjo Claudio B $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $950,000 -- --
03/06/2023 03/06/23 Sold $950,000 -3.6% $547 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
02/09/2023 02/09/23 Price Changed $985,000 +9.6% $567 / Sq Ft
01/11/2023 01/11/23 For Sale $899,000 -- $518 / Sq Ft
Source: bridgeMLS

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 $15,804 $962,000 $290,700 $678,300
2023 $16,098 $998,611 $525,585 $473,026
2022 $15,978 $979,032 $515,280 $463,752
2021 $16,022 $959,842 $505,180 $454,662
2020 $15,240 $950,000 $500,000 $450,000
2019 $5,094 $149,364 $71,656 $77,708
2018 $4,946 $146,436 $70,251 $76,185
2017 $4,745 $143,565 $68,874 $74,691
2016 $4,471 $140,751 $67,524 $73,227
2015 $4,378 $138,637 $66,510 $72,127
2014 $4,283 $135,922 $65,207 $70,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41016866

bridgeMLS

APN: 057-2081-014-00