NOT LISTED FOR SALE

3006 Martin Luther King jr Way Berkeley, CA 94703

South Berkeley Neighborhood

Estimated Value: $1,195,000 - $1,444,029

4 Beds
2 Baths
1,704 Sq Ft
$788/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $1,161,508 $682 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,179/month

18 Days on Market

Highlights

  • Solar Power System
  • 4-minute walk to Ashby Station
  • Mountain View
  • Malcolm X Elementary School Rated A
  • Colonial Architecture
  • 4-minute walk to Grove Park

About This Home

As of July 2020

Golden Duplex! This charming Colonial Revival duplex has 2 bedrooms and 1 bath in each unit. Great location steps to Ashby BART, Berkeley Bowl, parks, and the library. The property has been lovingly refreshed with many new or upgraded elements, including: new 50 year roof in 2018, solar panels, extensive earthquake retrofit, new HVAC with AC in upstairs unit, remodeled bathroom, remodeled kitchen, all new windows, new fencing and landscaping, new & refinished flooring, new paint throughout, 365 gallon rainwater collection tank, and new water and energy efficient fixtures. Large lot with a fire pit, fruit trees, and garden beds. Sewer lateral compliant. Both units will be delivered vacant. Fantastic starter home. Live in one unit and rent the other to cover your mortgage.

Last Agent to Sell the Property

Peyling Yap

Bay Area Realty License #01351835 Listed on: 06/12/2020

Last Buyer's Agent

Wendy Louie

BHG RE Reliance Partners License #01038800

BHG RE Reliance Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,161

Year Built

  • 1901

Lot Details

  • 4,735 Sq Ft Lot
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Home Design

  • Duplex
  • Colonial Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 1,704 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Mountain Views
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Eco-Friendly Details

  • Solar Power System
  • Gray Water System

Outdoor Features

  • Enclosed patio or porch
  • Shed

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $67,800

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,200
  • Utility Expense $1,500
  • Operating Expense $17,700
  • Gross Income $67,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,161

Year Built

1901

Lot Details

0

Listing Details

  • Zoning: Multifamily/Multiplex
  • Subclass: Duplex
  • Style: Colonial
  • Age: 119
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1704
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1901

Interior Features

  • Kitchen: Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Gas, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 1704
  • Stories: 2
  • Security: Varies By Unit
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Mountains
  • Yard/Grounds: Back Yard, Drought Tolerant Plants, Gray Water System, Low Maintenance, Porch - Enclosed, Storage Shed / Structure
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Off-Street Parking, Parking Area

Utilities

  • Cooling System: Multi-Zone
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Berkeley Unified

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1087
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4733.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4733.00

Green Features

  • Energy Features: Energy Star Appliances, Solar Power

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.70
  • Number Of Leased: 1

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 17700
  • Expenses Utility: 1500
  • Income Annual Gross: 67800.00
  • Income Annual Rental: 67800
  • Income Gross Scheduled: 67800
  • Income Includes: Owners Unit Rental
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jul 28, 2020
Sold by
Evans Claire Meredith and Evans Parisa Zachary
Bought by
Moon Tarik Adnan
Seller's Agent
Peyling Yap
Bay Area Realty
Buyer's Agent
Wendy Louie
BHG RE Reliance Partners
List Price
$1,199,750
Sold Price
$1,161,508
Premium/Discount to List
-$38,242
-3.19%
Total Days on Market
18
Current Estimated Value
$1,342,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,749
Avg. Annual Appreciation
3.01%
Original Mortgage
$929,206
Outstanding Balance
$833,084
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$509,173

Purchase Details

Closed on
Feb 22, 2017
Sold by
Simison Matthew R and Simison Natalie
Bought by
Evans Claire Meredith and Evans Parisa Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,400
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2005
Sold by
Simison Matthew R
Bought by
Simison Matthew R and Simison Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 1996
Sold by
Lipps Jere H and Lipps Susannah
Bought by
Simison Matt and Lipps Jere H

Purchase Details

Closed on
Feb 3, 1995
Sold by
Citibank F S B
Bought by
Simison Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
8.62%

Purchase Details

Closed on
Oct 12, 1994
Sold by
Citibank
Bought by
Citibank
Source: Public Records

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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
Moon Tarik Adnan $1,162,000 Chicago Title Company
Evans Claire Meredith $878,000 Chicago Title Company
Simison Matthew R -- Financial Title Company
Simison Matt -- --
Simison Matthew R $114,000 First American Title Guarant
Citibank $125,761 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moon Tarik Adnan $929,206
Previous Owner Evans Claire Meredith $702,400
Previous Owner Simison Matthew R $577,500
Previous Owner Simison Matthew R $382,000
Previous Owner Simison Matthew R $103,900
Previous Owner Simison Matthew R $150,000
Previous Owner Simison Matthew R $100,000
Previous Owner Simison Matthew R $93,000
Previous Owner Simison Matthew R $102,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $1,161,508 -3.2% $682 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $1,199,750 -- $704 / Sq Ft
Source: MLSListings

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 $20,161 $1,233,114 $369,934 $863,180
2023 $19,634 $1,208,944 $362,683 $846,261
2022 $19,172 $1,185,240 $355,572 $829,668
2021 $19,239 $1,162,000 $348,600 $813,400
2020 $15,525 $931,733 $424,480 $507,253
2019 $14,677 $913,471 $416,160 $497,311
2018 $15,136 $895,560 $408,000 $487,560
2017 $6,854 $164,984 $49,495 $115,489
2016 $6,191 $161,750 $48,525 $113,225
2015 $6,058 $159,321 $47,796 $111,525
2014 $6,011 $156,201 $46,860 $109,341
Source: Public Records

Agents Affiliated with this Home

  • Peyling Yap

    Seller's Agent in 2020

    Peyling Yap

    Bay Area Realty

    (510) 364-3980

    1 in this area

    10 Total Sales

    Peyling Yap
    Section Image
  • Wendy Louie

    Buyer's Agent in 2020

    Wendy Louie

    BHG RE Reliance Partners

    (510) 851-9888

    2 in this area

    30 Total Sales

    Wendy Louie
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81796395

MLSListings

APN: 053-1601-006-00

California Alameda County Berkeley 94703 South Berkeley

3006 Martin Luther King jr Way, Berkeley, CA

This home is located at 3006 Martin Luther King jr Way, Berkeley, CA 94703 since 12 June 2020 and is currently estimated at $1,342,257, approximately $787 per square foot. This property was built in 1901. 3006 Martin Luther King jr Way is a home located in Alameda County with nearby schools including Malcolm X Elementary School, Emerson Elementary School, and John Muir Elementary School.

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