NOT LISTED FOR SALE

388 Anchor Way Alameda, CA 94501

South Shore Neighborhood

Estimated Value: $843,000 - $938,000

2 Beds
1.5 Baths
1,321 Sq Ft
$673/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $785,000 $594 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,128/month

12 Days on Market

Highlights

  • Updated Kitchen
  • Contemporary Architecture
  • Community Pool
  • Frank Otis Elementary School Rated A
  • Stone Countertops
  • 2-minute walk to Towata Park

About This Home

As of June 2020

Located in the small, well-established Raven's Cove HOA in Alameda's East End, this turnkey townhome is just steps from the SF Bay & a short walk/bike ride to Krusi Park, Otis Elementary and Lincoln Middle schools. This multi-level home offers 2BR, 1.5BA, an open LR/DR, kitchen, laundry space, private redwood deck & 2-car garage w/many built-in cabinets. Highlights include granite kitchen counters + backsplash, gas fireplace and plantation shutters. Two spacious bedrooms with newer carpeting + walk-in closets-the bathroom has been beautifully remodeled Plenty of room for storage, including an accessible attic. HOA pool + clubhouse. Walk or bike the shoreline trail all the way to Crab's Cove! Close to the South Shore Center, Encinal Market & Corica public golf course. Convenient commuter options include BART, the SF Ferry, ACTransit transbay bus & tech shuttles. Be at OAK in just minutes! A rare buying opportunity in this unique & lovely place nestled by the Bay!

Last Agent to Sell the Property

Kate McCaffrey

Compass License #01355206 Listed on: 05/15/2020

Compass

Last Buyer's Agent

Anne McKereghan

Golden Gate Sotheby's Int'l License #01385914

Golden Gate Sotheby's Int'l

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,003

Year Built

  • Built in 1972

Lot Details

  • 1,985 Sq Ft Lot

HOA Fees

  • $455 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Free-Standing Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 7495528

Community Details

Overview

  • Association fees include common area maintenance
  • Ravens Cove Association, Phone Number (510) 888-8981
  • East End Subdivision
  • Greenbelt

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,003

Year Built

Built in 1972

Lot Details

0

HOA Fees

$455 per month

Parking

2

Listing Details

  • Stories: 2
  • Year Built: 1972
  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Subdivision Name: East End
  • Directions: google
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two Story, Two
  • New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Carpet
  • Appliances: Dishwasher, Free-Standing Range
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Room Kitchen Features: Breakfast Bar, Counter - Stone, Dishwasher, Range/Oven Free Standing, Updated Kitchen

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Level
  • Pool Private: No
  • Construction Type: Wood Siding
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Heating: Forced Air
  • Cooling: None
  • Laundry Features: Hookups Only
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Amenities: Greenbelt, Pool
  • Association Fee: 455
  • Association Fee Frequency: Monthly
  • Association Name: RAVENS COVE
  • Phone: 510-888-8981
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Area Maint

Lot Info

  • Lot Size Sq Ft: 1985
  • Parcel Number: 7495528

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jun 23, 2020
Sold by
Grady Walter G and Grady Cynthia G
Bought by
Cheren Alison D
Seller's Agent
Kate McCaffrey
Compass
Buyer's Agent
Anne McKereghan
Golden Gate Sotheby's Int'l
List Price
$695,000
Sold Price
$785,000
Premium/Discount to List
$90,000
12.95%
Current Estimated Value
$888,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,440
Avg. Annual Appreciation
2.35%
Original Mortgage
$628,000
Outstanding Balance
$550,780
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$337,660

Purchase Details

Closed on
Oct 23, 2015
Sold by
Grady Walter G and Grady Cynthia G
Bought by
The Walter G & Cynthia G Grady 2003 Revo

Purchase Details

Closed on
Aug 13, 2015
Sold by
Bell Candace L and The Bell Family Irrevocable Tr
Bought by
Grady Walter G and Grady Cynthia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2012
Sold by
Bell Candace
Bought by
Bell Candace L and The Bell Family Irrevocable Tr

Purchase Details

Closed on
Apr 25, 2012
Sold by
Tam Eric and Tam Lillian
Bought by
Bell Candace

Purchase Details

Closed on
Feb 14, 2008
Sold by
Chau Lillian Y and Tam Eric
Bought by
Tam Eric and Tam Lillian

Purchase Details

Closed on
Jul 28, 2005
Sold by
Smith Lisa
Bought by
Chau Lillian Y and Tam Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2003
Sold by
Schultz Peter H and Schultz Penny S
Bought by
Smith Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1996
Sold by
Schultz Peter H and Schultz Penny S
Bought by
Schultz Peter H and Schultz Penny S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cheren Alison D $785,000 Fidelity National Title Co
The Walter G & Cynthia G Grady 2003 Revo -- None Available
Grady Walter G $635,000 First American Title Company
Bell Candace L -- First American Title Company
Bell Candace $3,054,545 First American Title Company
Tam Eric -- Chicago Title Company
Chau Lillian Y $568,000 Chicago Title Co
Smith Lisa $400,000 Alliance Title Company
Schultz Peter H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheren Alison D $628,000
Previous Owner Grady Walter G $472,000
Previous Owner Chau Lillian Y $359,650
Previous Owner Smith Lisa $320,000
Closed Smith Lisa $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Off Market $785,000 -- --
02/04/2025 02/04/25 Off Market $785,000 -- --
06/26/2020 06/26/20 Sold $785,000 +12.9% $594 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $695,000 -- $526 / Sq Ft
Source: Bay East Association of REALTORS®

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
2025 $12,003 $851,498 $257,549 $600,949
2024 $12,003 $834,668 $252,500 $589,168
2023 $11,534 $825,167 $247,550 $577,617
2022 $11,271 $801,988 $242,696 $566,292
2021 $10,988 $786,131 $237,939 $555,192
2020 $5,452 $318,901 $241,540 $77,361
2019 $4,633 $312,650 $236,805 $75,845
2018 $4,515 $306,521 $232,163 $74,358
2017 $4,313 $300,511 $227,611 $72,900
2016 $4,303 $294,620 $223,149 $71,471
2015 $4,816 $292,627 $87,788 $204,839
2014 $4,623 $286,895 $86,068 $200,827
Source: Public Records

Agents Affiliated with this Home

  • Kate McCaffrey

    Seller's Agent in 2020

    Kate McCaffrey

    Compass

    (510) 522-5223

    98 in this area

    328 Total Sales

    Kate McCaffrey
    Section Image
  • Anne McKereghan

    Buyer's Agent in 2020

    Anne McKereghan

    Golden Gate Sotheby's Int'l

    (510) 407-0175

    16 in this area

    55 Total Sales

    Anne McKereghan
    Section Image
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Map

Source: Bay East Association of REALTORS®

MLS Number: 40904847

Bay East Association of REALTORS®

APN: 074-0955-028-00

California Alameda County Alameda 94501 South Shore

388 Anchor Way, Alameda, CA

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