1297 University Ave Berkeley, CA 94702
Fourth Street-Berkeley Marina NeighborhoodEstimated Value: $1,300,000 - $1,519,000
4
Beds
4
Baths
2,650
Sq Ft
$537/Sq Ft
Est. Value
About This Home
As of March 2024Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 5,693 square feet, the subject property was originally constructed in 1943 and has a gross building area of 2,650 square feet offering its tenants beautifully designed one-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally.
Last Agent to Sell the Property
Marcus & Millichap License #02060059 Listed on: 11/27/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,570
Year Built
- 1943
Lot Details
- 5,693 Sq Ft Lot
Home Design
- Quadruplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,650 Sq Ft Home
- 2-Story Property
Parking
- 4 Parking Spaces
- Uncovered Parking
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $100,632
- Month-to-Month Lease Term
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $1,200
- Insurance Expense $2,380
- Maintenance Expense $2,000
- Other Expense $2,800
- Utility Expense $1,800
- Trash Expense $1,400
- Operating Expense $35,114
- Gross Income $97,613
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 27, 2023
Closed on
Mar 23, 2024
Sold by
Nanak Foundation Trust and Virk Dhian
Bought by
Vivek Jindal And Divya Mittal Trust and Jindal
Seller's Agent
Eymon Binesh
Marcus & Millichap
Buyer's Agent
Eymon Binesh
Marcus & Millichap
List Price
$1,498,000
Sold Price
$1,425,000
Premium/Discount to List
-$73,000
-4.87%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$661
Avg. Annual Appreciation
-0.04%
Original Mortgage
$997,500
Outstanding Balance
$986,910
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$437,429
Purchase Details
Closed on
May 26, 2011
Sold by
Virk Dhian Singh and Virk Gurcharn Kaur
Bought by
Virk Dhian and Virk Gurcharn
Purchase Details
Closed on
May 3, 1995
Sold by
Mainson John Alden and The John Alden Mainson Revocab
Bought by
Virk Dhian Singh and Virk Gurcharn Kaur
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
8.46%
Mortgage Type
Seller Take Back
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vivek Jindal And Divya Mittal Trust | $1,425,000 | First American Title | |
| Virk Dhian | -- | None Available | |
| Virk Dhian Singh | $255,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vivek Jindal And Divya Mittal Trust | $997,500 | |
| Previous Owner | Nanak Foundation Trust | $981,000 | |
| Previous Owner | Nanak Foundation Trust | $1,005,000 | |
| Previous Owner | Virk Dhian | $1,473,000 | |
| Previous Owner | Virk Dhian | $227,000 | |
| Previous Owner | Virk Dhian | $1,250,000 | |
| Previous Owner | Virk Dhian Singh | $70,000 | |
| Previous Owner | Virk Dhian Singh | $380,000 | |
| Previous Owner | Virk Dhian Singh | $385,000 | |
| Previous Owner | Virk Dhian Singh | $165,000 | |
| Previous Owner | Virk Dhian Singh | $135,000 | |
| Previous Owner | Virk Dhian Singh | $204,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2024 03/29/24 | Sold | $1,425,000 | -4.9% | $538 / Sq Ft |
| 03/12/2024 03/12/24 | Pending | -- | -- | -- |
| 11/27/2023 11/27/23 | For Sale | $1,498,000 | -- | $565 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $7,570 | $209,951 | $62,903 | $147,048 |
| 2023 | $7,951 | $205,835 | $61,670 | $144,165 |
| 2022 | $8,822 | $201,800 | $60,461 | $141,339 |
| 2021 | $7,660 | $197,843 | $59,275 | $138,568 |
| 2020 | $10,071 | $195,814 | $58,667 | $137,147 |
| 2019 | $8,281 | $191,976 | $57,517 | $134,459 |
| 2018 | $6,059 | $188,212 | $56,390 | $131,822 |
| 2017 | $10,851 | $184,522 | $55,284 | $129,238 |
| 2016 | $8,847 | $180,905 | $54,200 | $126,705 |
| 2015 | $8,325 | $178,188 | $53,386 | $124,802 |
| 2014 | $6,477 | $174,698 | $52,341 | $122,357 |
Source: Public Records
Agents Affiliated with this Home
-
Eymon Binesh
Seller's Agent in 2024
Eymon Binesh
Marcus & Millichap
(650) 391-1700
1 in this area
63 Total Sales
-
Robert Johnston
Seller Co-Listing Agent in 2024
Robert Johnston
Marcus & Millichap
(510) 304-8077
1 in this area
138 Total Sales
Map
Source: MLSListings
MLS Number: ML81948658
APN: 057-2081-024-00
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