Seller's Agent in 2020
Peyling Yap
Bay Area Realty
(510) 364-3980
8 Total Sales
3006 Martin Luther King jr Way Berkeley, CA 94703
South Berkeley NeighborhoodEstimated Value: $1,202,000 - $1,565,000
4
Beds
2
Baths
1,704
Sq Ft
$830/Sq Ft
Est. Value
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 2020Golden 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.
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
- Storage Room
- Washer and Dryer
- Wood Flooring
- Mountain Views
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,116
Avg. Annual Appreciation
3.17%
Original Mortgage
$929,206
Outstanding Balance
$827,623
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$536,276
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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 | $20,161 | $1,257,771 | $377,331 | $880,440 |
| 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
-
Wendy Louie
Buyer's Agent in 2020
Wendy Louie
BHG RE Reliance Partners
(510) 851-9888
1 in this area
31 Total Sales
Map
Source: MLSListings
MLS Number: ML81796395
APN: 053-1601-006-00
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