NOT LISTED FOR SALE

Estimated Value: $1,212,000 - $1,550,000

4 Beds
4 Baths
3,050 Sq Ft
$449/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $1,350,000 $443 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,517/month

8 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Fireplace
  • Oakland Technical High School Rated A
  • No HOA
  • Cooling Available

About This Home

As of August 2020

Located just several blocks from beautiful Lake Merritt, this fourplex has been upgraded with loving care by its owner. Each 1-bedroom unit has its own distinct layout and charm, with several fireplaces, some hardwood floors, a spacious deck, as well as updated kitchens and bathrooms. Each unit has one designated parking space, and the building has a laundry facility in the basement. The location is ideal for urban living with a WalkScore of 89. Many shops, restaurants, and gyms are within walking or biking distance, as well as BART. A great investment with a 5.6% cap rate and 12.12 GRM. This turnkey opportunity is ready for its next owner.

Last Agent to Sell the Property

DAVID GLUCK

Red Oak Realty License #01468016 Listed on: 07/08/2020

Red Oak Realty

Co-Listed By

Ben Marcus

MARCUS REALTY License #01348820

Last Buyer's Agent

Ilya Tsay

Vanguard Properties License #01502750

Vanguard Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,887

Year Built

  • Built in 1910

Lot Details

  • 4,599 Sq Ft Lot
  • Corner Lot
  • Front Yard

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • Fireplace
  • Unfinished Basement
  • Walk-Out Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available
  • Electricity To Lot Line
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1078311

Community Details

Overview

  • No Home Owners Association
  • 3,050 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,887

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Co List Office Mls Id: OBOMSR
  • Directions: From Grand Ave, go north on Staten to Palm
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Carpet
  • Basement: Separate Entry, Unfinished, Other
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Window Features: Window Coverings

Exterior Features

  • Lot Features: Corner Lot, Level
  • Construction Type: Stucco
  • Exterior Features: Front Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Parking Lot, Assigned, Space Per Unit - 1

Utilities

  • Heating: Electric
  • Cooling: Ceiling Fan(s)
  • Laundry Features: 220 Volt Outlet, Coin Operated, Community Facility, Dryer, In Basement, Washer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4599
  • Parcel Number: 1078311
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Aug 6, 2020
Sold by
Heart Of Palm Llc
Bought by
Mackreth Amy A and The Amy A Mackreth 2019 Revoca
Seller's Agent
DAVID GLUCK
Red Oak Realty
Buyer's Agent
Ilya Tsay
Vanguard Properties
List Price
$1,195,000
Sold Price
$1,350,000
Premium/Discount to List
$155,000
12.97%
Total Days on Market
8
Current Estimated Value
$1,370,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,431
Avg. Annual Appreciation
0.31%
Original Mortgage
$850,000
Outstanding Balance
$762,071
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$608,360

Purchase Details

Closed on
Oct 7, 2013
Sold by
Taxy Neil
Bought by
Heart Of Palm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2013
Sold by
Taxy Marlee
Bought by
Taxy Neil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2013
Sold by
Liu Sze S and Liu Chuimei M
Bought by
Taxy Neil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2011
Sold by
Liu Seung S and Liu Chiumei M
Bought by
Liu Seung S and Liu Chiumei M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2009
Sold by
Liu Chuimei Ma and Liu Seung Sze
Bought by
Liu Chuimei Ma and Liu Seung Sze

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2005
Sold by
Vogel David and Vogel Virginia
Bought by
Liu Sze Seung and Liu Chuimei Ma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,500
Interest Rate
5.04%
Mortgage Type
Negative Amortization
Source: Public Records

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Range of Values:

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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
Mackreth Amy A $1,350,000 Old Republic Title Company
Heart Of Palm Llc -- None Available
Taxy Neil -- Old Republic Title Company
Taxy Neil $830,000 Old Republic Title Company
Liu Seung S -- Chicago Title Company
Liu Chuimei Ma -- Old Republic Title Company
Liu Sze Seung $730,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill David B $384,000
Open Mackreth Amy A $850,000
Closed Gill David B $381,100
Previous Owner Taxy Neil $622,500
Previous Owner Gill David B $347,880
Previous Owner Liu Seung S $473,000
Previous Owner Gill David B $361,500
Previous Owner Liu Chuimei Ma $485,000
Previous Owner Gill David B $150,000
Previous Owner Liu Sze Seung $484,000
Previous Owner Liu Sze Seung $474,500
Previous Owner Gill David B $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,350,000 -- --
08/11/2020 08/11/20 Sold $1,350,000 +13.0% $443 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $1,195,000 -- $392 / 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 $21,887 $1,432,620 $429,786 $1,002,834
2023 $22,980 $1,404,540 $421,362 $983,178
2022 $22,245 $1,377,000 $413,100 $963,900
2021 $21,153 $1,350,000 $405,000 $945,000
2020 $15,341 $930,321 $279,096 $651,225
2019 $14,603 $912,086 $273,626 $638,460
2018 $14,295 $894,208 $268,262 $625,946
2017 $13,667 $876,678 $263,003 $613,675
2016 $13,296 $859,488 $257,846 $601,642
2015 $13,226 $846,583 $253,975 $592,608
2014 $13,735 $830,000 $249,000 $581,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 40911561

bridgeMLS

APN: 010-0783-001-01