NOT LISTED FOR SALE

1540 5th Ave Oakland, CA 94606

Merritt Neighborhood

Estimated Value: $701,000 - $871,000

2 Beds
2 Baths
1,122 Sq Ft
$697/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $850,000 $758 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,342/month

14 Days on Market

Highlights

  • Updated Kitchen
  • No HOA
  • Forced Air Heating System
  • Solid Surface Countertops
  • Security Gate
  • 5-minute walk to Clinton Park

About This Home

As of May 2021

Welcome home! You are going to love this nice Merritt neighborhood! Newly remodeled 2B/2B single family will be a place you may called home. Automatic gate, double pane windows, one car parking space. Recessed light and hardwood floor thru out. Modern and open kitchen with all high-end SS appliance. Reasonable sized bonus room can be a walk-in closet or 3rd bedroom. Downstairs has over 1000 sqft unfinished basement plus storage, up to 7 feet high, has windows all around. Huge potential to legalize as ADU or media room (check w/city for requirement). Walking distance to lake Merritt, Oakland city college and Laney college; 3 mins to I-880 and 580; 20 mins to UCB and San Francisco. Sewer and sidewalk complied.

Last Agent to Sell the Property

Leo Zhang

License #02024974 Listed on: 04/01/2021

Co-Listed By

Gloria Chun

RE/MAX Accord License #02084703

Last Buyer's Agent

Khristian Avelar

Real Broker License #01956484

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,241

Year Built

  • Built in 1896

Lot Details

  • 2,400 Sq Ft Lot
  • Back Yard

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Security Gate
  • Laundry in unit

Kitchen

  • Updated Kitchen
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Bay East Association
  • Oakland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2017712

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,241

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Stories: 2
  • Year Built: 1896
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Co List Office Mls Id: MLL89093
  • Subdivision Name: OAKLAND
  • Directions: GPS
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two Story
  • New Construction: No
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Unfinished Room, Counter - Solid Surface, Updated Kitchen
  • Room Kitchen Features: Counter - Solid Surface, Updated Kitchen

Exterior Features

  • Roof: Shingle
  • Lot Features: Level
  • Pool Features: None
  • Pool Private: No
  • Construction Type: Wood Siding
  • Exterior Features: Back Yard
  • Property Condition: Existing

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Heating: Forced Air
  • Cooling: None
  • Laundry Features: In Unit
  • Security: Security Gate
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 2400
  • Parcel Number: 2017712
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 3, 2021
Sold by
Wu Li
Bought by
Wekselbaum David and Earley Brighton
Seller's Agent
Leo Zhang
Buyer's Agent
Khristian Avelar
Real Broker
List Price
$699,000
Sold Price
$850,000
Premium/Discount to List
$151,000
21.6%
Total Days on Market
14
Current Estimated Value
$778,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$71,998
Avg. Annual Appreciation
-1.93%
Original Mortgage
$807,500
Outstanding Balance
$733,350
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$48,613

Purchase Details

Closed on
May 1, 2017
Sold by
Leung Kwai Yam
Bought by
Wu Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 17, 2004
Sold by
Leung Kwai Yam and Leung William Kwai Yam
Bought by
Leung Kwai Yam and Kwai Yam Leung Trust

Purchase Details

Closed on
Mar 22, 1995
Sold by
Leung Rainbow Y P
Bought by
Leung William Kwai Yam
Source: Public Records

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
Wekselbaum David $850,000 Chicago Title Company
Wu Li $450,000 Old Republic Title Company
Wu Li -- Old Republic Title Company
Leung Kwai Yam -- --
Leung William Kwai Yam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wekselbaum David $807,500
Previous Owner Wu Li $292,500
Previous Owner Leung William Kwai Yam $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $850,000 -- --
05/07/2021 05/07/21 Sold $850,000 +21.6% $758 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $699,000 -- $623 / Sq Ft
Source: Bay East Association of REALTORS®

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 $13,241 $922,183 $276,017 $653,166
2024 $13,241 $903,967 $270,606 $640,361
2023 $13,957 $893,112 $265,302 $627,810
2022 $13,511 $860,000 $260,100 $606,900
2021 $8,022 $480,740 $144,745 $342,995
2020 $7,933 $482,742 $143,262 $339,480
2019 $7,616 $473,280 $140,454 $332,826
2018 $7,389 $459,000 $137,700 $321,300
2017 $2,114 $80,363 $67,352 $13,011
2016 $1,950 $78,787 $66,031 $12,756
2015 $1,934 $77,604 $65,040 $12,564
2014 $1,839 $76,084 $63,766 $12,318
Source: Public Records

Agents Affiliated with this Home

  • Leo Zhang

    Seller's Agent in 2021

    Leo Zhang

    (510) 590-1628

    1 in this area

    350 Total Sales

    Section Image
  • Gloria Chun

    Seller Co-Listing Agent in 2021

    Gloria Chun

    RE/MAX

    (510) 560-5666

    1 in this area

    205 Total Sales

    Section Image
  • Khristian Avelar

    Buyer's Agent in 2021

    Khristian Avelar

    Real Broker

    (925) 381-4785

    1 in this area

    73 Total Sales

    Section Image
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Map

Source: Bay East Association of REALTORS®

MLS Number: 40943457

Bay East Association of REALTORS®

APN: 020-0177-001-02

California Alameda County Oakland 94606 Merritt

1540 5th Ave, Oakland, CA

This home is located at 1540 5th Ave, Oakland, CA 94606 since 01 April 2021 and is currently estimated at $781,963, approximately $696 per square foot. This property was built in 1896. 1540 5th Ave is a home located in Alameda County with nearby schools including Franklin Elementary School, Westlake Middle School, and Oakland High 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.

Bay East Association of REALTORS® 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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