NOT LISTED FOR SALE

2923 Martin Luther King jr Way Berkeley, CA 94703

South Berkeley Neighborhood

Estimated Value: $1,237,000 - $1,493,000

4 Beds
2 Baths
1,732 Sq Ft
$816/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $1,450,000 $837 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,598/month

30 Days on Market

Highlights

  • Updated Kitchen
  • 4-minute walk to Ashby Station
  • No HOA
  • Malcolm X Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Grove Park

About This Home

As of August 2022

VACANT Edwardian Duplex! OPEN SUNDAY 7/24 (2-4PM) Originally built as a single family home. Now 2 bedroom/1 bathroom in each unit. Updated kitchens, baths, in-unit laundry & off street parking! Fantastic rear garden! An urban oasis with many trees, patio and plenty of space to relax! Centrally located close to BART, Berkeley Bowl, Public Tennis & Basketball Courts, Public Library, restaurants, and farmers market! According to Walkscore, it's a "walkers & bikers paradise"! This light- filled Golden duplex will be delivered vacant.

Last Listed By

Jack McPhail

Jack H. Mcphail, Broker License #00450503 Listed on: 06/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,638

Year Built

  • Built in 1909

Lot Details

  • 4,900 Sq Ft Lot
  • Fenced
  • Rectangular Lot
  • Garden
  • Back Yard

Parking

  • Tandem Parking

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • Double Pane Windows
  • Updated Kitchen

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Zoned Heating
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 1,732 Sq Ft Building
  • Bridge Aor Association
  • Berkeley Bowl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 53159926

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,638

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Year Built: 1909
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Co List Office Mls Id: OBBPACUN 01
  • Subdivision Name: BERKELEY BOWL
  • Directions: Ashby to MLK Jr. Way
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour

Interior Features

  • Flooring: Linoleum, Tile, Wood
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: Updated Baths, Updated Kitchen
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Regular
  • Construction Type: Wood Siding
  • Exterior Features: Back Yard, Garden/Play, Garden
  • Other Structures: Shed(s)

Garage/Parking

  • Attached Garage: No
  • Parking Features: Side Yard Access, Space Per Unit - 2, Tandem

Utilities

  • Heating: Zoned
  • Cooling: Ceiling Fan(s), No Air Conditioning
  • Laundry Features: Dryer, Laundry Equip - Owned, Washer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4900
  • Parcel Number: 53159926
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Aug 11, 2022
Sold by
Monika Branch
Bought by
Calvin And Melinda M Wong Revocable Trust
Seller's Agent
Jack McPhail
Jack H. Mcphail, Broker
Buyer's Agent
Grace Sun
Compass
List Price
$1,295,000
Sold Price
$1,450,000
Premium/Discount to List
$155,000
11.97%
Total Days on Market
30
Current Estimated Value
$1,414,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,879
Avg. Annual Appreciation
-2.88%
Original Mortgage
$800,000
Outstanding Balance
$763,089
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$577,127

Purchase Details

Closed on
Oct 2, 2021
Sold by
Obriecht Benjamin and Obriecht Benjamin Howard
Bought by
Wildebeest Acres Llc

Purchase Details

Closed on
Apr 14, 2016
Sold by
Thomas Christopher R
Bought by
Branch Monika and Branch Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.59%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 24, 2014
Sold by
Obriecht Benjamin and Servais James
Bought by
Obriecht Benjamin and Servais James Gerard

Purchase Details

Closed on
May 11, 2012
Sold by
Fre Tsegereda B
Bought by
Araya Mehreteab B

Purchase Details

Closed on
May 10, 2012
Sold by
Kifle Kesete
Bought by
Araya Mehreteab B

Purchase Details

Closed on
Aug 13, 2001
Sold by
Miller Harris N and May Miller Maranda
Bought by
Branch Monika and Branch Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
9.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 23, 1999
Sold by
Miller Harris N and May Miller Maranda
Bought by
Miller Harris N and May Miller Maranda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 7, 1999
Sold by
Wilson Frankie J and Wilson Carrie M
Bought by
Walker Calvin and Walker Helen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 31, 1994
Sold by
Wilson Frankie J and Wilson Carrie M
Bought by
Wilson Frankie J and Wilson Carrie M

Range of Values:

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Average Value
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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
Calvin And Melinda M Wong Revocable Trust $1,450,000 --
Wildebeest Acres Llc -- None Available
Branch Monika -- First American Title Company
Branch Monika -- First American Title Company
Obriecht Benjamin -- None Available
Araya Mehreteab B -- Old Republic Title Company
Araya Mehreteab B $115,000 Old Republic Title Company
Branch Monika $405,000 North American Title Co
Miller Harris N -- --
Walker Calvin $100,000 Fidelity National Title Co
Wilson Frankie J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calvin And Melinda M Wong Revocable Trust $800,000
Previous Owner Branch Monika $50,000
Previous Owner Branch Monika $415,630
Previous Owner Branch Monika $465,000
Previous Owner Walker Calvin $175,000
Previous Owner Branch Monika $303,000
Previous Owner Walker Calvin $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,450,000 -- --
08/23/2022 08/23/22 Sold $1,450,000 +12.0% $837 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $1,295,000 -- $748 / 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 $20,638 $1,300,000 $390,000 $910,000
2023 $20,239 $1,450,000 $435,000 $1,015,000
2022 $9,413 $556,763 $169,129 $394,634
2021 $9,421 $545,711 $165,813 $386,898
2020 $8,885 $547,044 $164,113 $382,931
2019 $8,500 $536,320 $160,896 $375,424
2018 $8,349 $525,807 $157,742 $368,065
2017 $8,038 $515,500 $154,650 $360,850
2016 $7,755 $505,394 $151,618 $353,776
2015 $7,734 $497,805 $149,341 $348,464
2014 $7,761 $488,057 $146,417 $341,640
Source: Public Records

Agents Affiliated with this Home

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Source: bridgeMLS

MLS Number: 40998749

bridgeMLS

APN: 053-1599-026-00