NOT LISTED FOR SALE

2963 Magnolia St Berkeley, CA 94705

Claremont Neighborhood

Estimated Value: $2,258,000 - $2,778,000

4 Beds
2 Baths
2,110 Sq Ft
$1,218/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $2,725,000 $1,291 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $17,207/month

13 Days on Market

Highlights

  • Updated Kitchen
  • Craftsman Architecture
  • Bonus Room
  • John Muir Elementary School Rated A-
  • Wood Flooring
  • Stone Countertops

About This Home

As of September 2022

Understated Elegance, on coveted Magnolia St! First time on the market in over 50 years. With its tasteful combination of clean lines and handsome architectural details this home is a mixture of the best of the original with a nod toward the Modern. Large multipaned windows with matching multipaned glass doors allow the sunlight in. Open and airy living room and dining room open on 3 sides to the lush outdoors. The kitchen opens to a full bath and 4th bedroom or study and the back yard. Gracious stairway to spacious second floor landing, 3 bedrooms plus a sunroom that opens to its own balcony. APPROVED PLANS for an ADU. Homes seldom come up for sale on this bucolic treelined street, just blocks to vibrant College Ave, the Claremont Hotel and Spa, Star Market, Rockridge BART and freeway access to 24 and 13.

Last Agent to Sell the Property

Ann Plant

Red Oak Realty License #00613099 Listed on: 08/07/2022

Red Oak Realty

Last Buyer's Agent

Matt Vance

License #01936210

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,198

Year Built

  • Built in 1920

Lot Details

  • 3,240 Sq Ft Lot
  • Fenced
  • Sprinklers Throughout Yard
  • Garden
  • Back and Front Yard

Parking

  • 1 Car Detached Garage
  • Front Facing Garage
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Stucco

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Partial Basement
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Updated Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Bridge Aor Association
  • Elmwood Subdivision, Light Filled Craftsman Floorplan

Listing and Financial Details

  • Assessor Parcel Number 521565125

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,198

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Stories: 2
  • Year Built: 1920
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.07
  • Subdivision Name: ELMWOOD
  • Directions: Ashby Ave to Magnolia
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two Story
  • New Construction: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Flooring: Hardwood Flrs Throughout, Linoleum, Tile
  • Basement: Crawl Space, Partial
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Range, Microwave, Refrigerator, Gas Water Heater
  • Accessibility Features: None
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bonus/Plus Room, Formal Dining Room, Office, Stone Counters, Updated Kitchen
  • Room Kitchen Features: Counter - Stone, Dishwasher, Double Oven, Garbage Disposal, Gas Range/Cooktop, Microwave, Refrigerator, Updated Kitchen

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Front Yard, Landscape Back
  • Pool Features: None
  • Pool Private: No
  • View: Other
  • View: Yes
  • Construction Type: Stucco
  • Exterior Features: Backyard, Back Yard, Front Yard, Garden/Play, Sprinklers Automatic, Sprinklers Back, Sprinklers Front, Sprinklers Side
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Parking Features: Detached, Off Street, Garage Faces Front
  • Total Parking Spaces: 3

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: None
  • Laundry Features: Gas Dryer Hookup, Hookups Only, Laundry Closet, Stacked Only
  • Security: Smoke Detector(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Schools

  • Senior High School District: Berkeley (510) 644-6150

Lot Info

  • Lot Size Sq Ft: 3240
  • Parcel Number: 521565125
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2022
Closed on
Aug 26, 2022
Sold by
Jae Scharlin Family Trust
Bought by
Cheng Joyce Yang and Cheng William Shin-Ying
Seller's Agent
Ann Plant
Red Oak Realty
Buyer's Agent
Matt Vance
List Price
$1,879,000
Sold Price
$2,725,000
Premium/Discount to List
$846,000
45.02%
Views
15
Current Estimated Value
$2,569,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$155,679
Avg. Annual Appreciation
-1.08%
Original Mortgage
$2,000,000
Outstanding Balance
$1,924,671
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$718,175
Source: Public Records

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
Cheng Joyce Yang $2,725,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Joyce Yang $2,000,000
Previous Owner Jae Scharlin Family Trust $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $2,725,000 -- --
09/13/2022 09/13/22 Sold $2,725,000 +45.0% $1,291 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
08/07/2022 08/07/22 For Sale $1,879,000 -- $891 / 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 $36,198 $2,633,000 $792,000 $1,848,000
2023 $34,905 $2,500,000 $752,100 $1,754,900
2022 $5,294 $98,815 $72,777 $33,038
2021 $5,260 $96,740 $71,350 $32,390
2020 $4,791 $102,676 $70,618 $32,058
2019 $4,390 $100,664 $69,234 $31,430
2018 $4,244 $98,691 $67,877 $30,814
2017 $4,073 $96,755 $66,546 $30,209
2016 $3,783 $94,858 $65,241 $29,617
2015 $3,701 $93,433 $64,261 $29,172
2014 $3,604 $91,603 $63,002 $28,601
Source: Public Records

Agents Affiliated with this Home

  • Ann Plant

    Seller's Agent in 2022

    Ann Plant

    Red Oak Realty

    (510) 381-2101

    2 in this area

    65 Total Sales

    Ann Plant
    Section Image
  • Matt Vance

    Buyer's Agent in 2022

    Matt Vance

    (510) 604-8000

    1 in this area

    100 Total Sales

    Matt Vance
    Section Image
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Map

Source: bridgeMLS

MLS Number: 41004107

bridgeMLS

APN: 052-1565-125-00

California Alameda County Berkeley 94705 Claremont

2963 Magnolia St, Berkeley, CA

This home is located at 2963 Magnolia St, Berkeley, CA 94705 since 07 August 2022 and is currently estimated at $2,569,321, approximately $1,217 per square foot. This property was built in 1920. 2963 Magnolia St is a home located in Alameda County with nearby schools including John Muir Elementary School, Emerson Elementary School, and Malcolm X Elementary 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.

bridgeMLS 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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