NOT LISTED FOR SALE

2488 Martin Luther King jr Way Berkeley, CA 94704

Downtown Berkeley Neighborhood

Estimated Value: $419,667

2 Beds
-- Bath
783 Sq Ft
$536/Sq Ft Est. Value

About This Home

This home is located at 2488 Martin Luther King jr Way, Berkeley, CA 94704 and is currently estimated at $419,667, approximately $535 per square foot. 2488 Martin Luther King jr Way is a home located in Alameda County with nearby schools including Washington Elementary School, Malcolm X Elementary School, and Berkeley Arts Magnet at Whittier School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2013
Sold by
Forbes Frank M
Bought by
Lan Sheng Wei
Current Estimated Value
$419,667

Purchase Details

Closed on
Mar 9, 2012
Sold by
Wallace Vanessa
Bought by
Forbes Frank M

Purchase Details

Closed on
Jul 29, 2008
Sold by
Williams Lorrie
Bought by
Wallace Vanessa

Purchase Details

Closed on
May 7, 2004
Sold by
The Dwight Way Llc
Bought by
Wallace Vanessa and Williams Lorrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2004
Sold by
Wanaselja Karl
Bought by
The Dwight Way Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.77%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Lan Sheng Wei $175,000 Chicago Title Company
Forbes Frank M -- Old Republic Title Company
Wallace Vanessa -- None Available
Wallace Vanessa $157,500 First American Title Company
The Dwight Way Llc -- First American Title Company
Wanaselja Karl -- First American Title Company
The Dwight Way Llc -- First American Title Company
Wanaselja Karl -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wallace Vanessa $141,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Off Market $1,695 -- --
07/22/2025 07/22/25 For Rent $1,695 -- --

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 $4,015 $214,260 $61,569 $152,691
2024 $4,015 $210,059 $60,362 $149,697
2023 $3,923 $205,940 $59,178 $146,762
2022 $3,837 $201,903 $58,018 $143,885
2021 $3,806 $197,945 $56,881 $141,064
2020 $3,609 $195,917 $56,298 $139,619
2019 $3,486 $192,076 $55,194 $136,882
2018 $3,417 $188,311 $54,112 $134,199
2017 $3,235 $184,618 $53,051 $131,567
2016 $3,194 $180,999 $52,011 $128,988
2015 $3,147 $178,281 $51,230 $127,051
2014 $3,165 $174,789 $50,227 $124,562
Source: Public Records

Map

California Alameda County Berkeley 94703 Downtown Berkeley

2488 Martin Luther King jr Way, Berkeley, CA

This home is located at 2488 Martin Luther King jr Way, Berkeley, CA 94704 and is currently estimated at $419,667, approximately $535 per square foot. 2488 Martin Luther King jr Way is a home located in Alameda County with nearby schools including Washington Elementary School, Malcolm X Elementary School, and Berkeley Arts Magnet at Whittier 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.

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