Seller's Agent in 2022
Joey Wang
Keller Williams Realty
(510) 592-5554
8 in this area
142 Total Sales
1524 7th Ave Oakland, CA 94606
Clinton NeighborhoodEstimated Value: $806,000 - $1,068,000
9
Beds
4
Baths
5,240
Sq Ft
$187/Sq Ft
Est. Value
Highlights
- 0.19 Acre Lot
- Tile Flooring
- Wood Siding
- No HOA
- Garden
- 4-minute walk to Clinton Park
About This Home
As of July 20227 units near Lake Merritt and Downtown Oakland that can be bought for only $1.2MM using residential financing?—No, it’s NOT too good to be true. Introducing 1518 and 1524 7th avenue, a pair of multifamily properties owned by the same family since 1946 that share a common gated entry and walkway. The first (1518) is a 1,364 sq. ft. duplex, which consists of 2, 1BR/1BA units. The second (1524) is a 3,876 fourplex that includes 2, 1BR/1BA units, 1, 3BR/1BA unit, 1, 4BD/1BA unit and a non-conforming 1BR/1BA cottage. Best of all?—Additional space in the rear of the two lots presents a clear ADU development opportunity. Located in Oakland’s Clinton neighborhood, these properties offer prospective investors much in the way of long-term value. Not only are the current rents below market rate, but the area is seeing a resurgence of renter interest due to its exceptional restaurants, abundant green spaces, and proximity to key commuter thoroughfares such as Interstate 880.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,786
Year Built
- Built in 1895
Lot Details
- 8,315 Sq Ft Lot
- Garden
- Back Yard
Parking
- On-Street Parking
Home Design
- Duplex
- Shingle Roof
- Wood Siding
- Composition Shingle
Flooring
- Carpet
- Tile
- Vinyl
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Wall Furnace
- Gas Water Heater
Community Details
- No Home Owners Association
- 5,240 Sq Ft Building
- Bridge Aor Association
Listing and Financial Details
- Assessor Parcel Number 2017519
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2022
Closed on
Jul 5, 2022
Sold by
Salsbury Family Trust
Bought by
Mai Shao Fang and Peng Zhihua
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Joey Wang
Keller Williams Realty
List Price
$1,200,000
Sold Price
$968,888
Premium/Discount to List
-$231,112
-19.26%
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
$10,779
Avg. Annual Appreciation
0.34%
Original Mortgage
$942,000
Outstanding Balance
$896,206
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$83,461
Purchase Details
Closed on
Jun 5, 2018
Sold by
Hall Teresa A and Harper Teresa A
Bought by
Hall Teresa A and Teresa A Hall Trust
Purchase Details
Closed on
Jul 23, 2002
Sold by
Salsbury Scott E
Bought by
Salsbury Scott E and Salsbury June M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mai Shao Fang | $969,000 | Chicago Title | |
| Hall Teresa A | -- | None Available | |
| Salsbury Scott E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mai Shao Fang | $942,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | $968,888 | -- | -- |
| 07/14/2022 07/14/22 | Sold | $968,888 | -19.3% | $185 / Sq Ft |
| 06/28/2022 06/28/22 | Pending | -- | -- | -- |
| 06/21/2022 06/21/22 | For Sale | $1,200,000 | 0.0% | $229 / Sq Ft |
| 05/01/2022 05/01/22 | Pending | -- | -- | -- |
| 04/08/2022 04/08/22 | For Sale | $1,200,000 | -- | $229 / Sq Ft |
Source: bridgeMLS
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 |
|---|---|---|---|---|
| 2025 | $11,786 | $643,799 | $197,676 | $446,123 |
| 2024 | $11,786 | $631,176 | $193,800 | $437,376 |
| 2023 | $15,714 | $875,000 | $262,500 | $612,500 |
| 2022 | $4,323 | $75,542 | $55,079 | $20,463 |
| 2021 | $3,621 | $74,060 | $53,999 | $20,061 |
| 2020 | $3,568 | $73,302 | $53,446 | $19,856 |
| 2019 | $3,102 | $71,864 | $52,398 | $19,466 |
| 2018 | $3,037 | $70,456 | $51,371 | $19,085 |
| 2017 | $2,776 | $69,074 | $50,363 | $18,711 |
| 2016 | $2,601 | $67,720 | $49,376 | $18,344 |
| 2015 | $2,577 | $66,702 | $48,634 | $18,068 |
| 2014 | $2,743 | $65,396 | $47,682 | $17,714 |
Source: Public Records
Agents Affiliated with this Home
-
Joey Wang
Map
Source: bridgeMLS
MLS Number: 40988149
APN: 020-0175-019-00
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.
Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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