NOT LISTED FOR SALE

425 E 11th St Unit 21 Oakland, CA 94606

Merritt Neighborhood

Estimated Value: $431,000 - $772,000

1 Bed
1 Bath
932 Sq Ft
0.79 Acres

Last Sold July 21, 2015

Last sale price $475,000 $510 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,499/month

30 Days on Market

Highlights

  • Gated Community
  • Granite Countertops
  • Skylights
  • Vaulted Ceiling
  • Beamed Ceilings
  • 4-minute walk to Clinton Park

About This Home

As of July 2015

Exquisite 1-bedroom artist loft in a charming gated community. Walk to Lake Merritt, BART, Oakland Museum, Laney College, and local fine dinning. Contemporary & luxurious interior designs with the charms of a past creamery plant. Acid wash concrete floor, designer granite counter tops, stainless steel appliances. Come home to friendly neighbors and pets are welcome! This condo is also a great investment home with no rental restrictions. Open House Sat 5/30 1-5pm & Sun 5/31 2-5pm.

Last Agent to Sell the Property

Jeffrey Lee

Silicon Valley Associates Inc. License #01303684 Listed on: 05/21/2015

Last Buyer's Agent

David Eckert

Coldwell Banker Realty License #01239021

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1922

Lot Details

  • 0.79

Home Design

  • Slab Foundation

Interior Spaces

  • 932 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Dining Room
  • Concrete Flooring
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

  • Security Gate
  • Alarm System

Parking

  • 1 Parking Space
  • Electric Gate
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 019-0022-072

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include exterior painting, garbage, insurance - common area, insurance - structure, maintenance - common area, maintenance - exterior, management fee, reserves, roof
  • 26 Units
  • Mutual Creamery Lofts Association
  • Built by Mutual Creamery Lofts
  • The community has rules related to credit or board approval

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Subclass: Condominium
  • Restrictions: Board / Park Approval, Pets - Allowed
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 26
  • Structure Sq Ft: 932
  • Complex Name: Mutual Creamery Lofts
  • Year Built: 1922
  • Zoning Description: Condo
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area, No Formal Dining Room
  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Oven Range - Gas
  • Living Sq Ft: 932
  • Stories: 2
  • Security: Fire System - Sprinkler, Security Alarm
  • Laundry: Washer / Dryer
  • Flooring: Concrete
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Foundation: Concrete Slab

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Electric Gate

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 279
  • HOA Amenities: Community Security Gate
  • Association Fees Include: Exterior Painting, Garbage, Insurance - Common Area, Insurance - Structure, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof
  • H O A Name Text: Mutual Creamery Lofts
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Security Gate, Skylight, Vaulted Ceiling

Lot Info

  • Parcel Number: 019-0022-072
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Area Maximum Units: Square Feet

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2015
Closed on
Jul 13, 2015
Sold by
Lee Jeffrey Cho and Chung Nora Ling
Bought by
The Goodwin Family Living Trust
Seller's Agent
Jeffrey Lee
Silicon Valley Associates Inc.
Buyer's Agent
David Eckert
Coldwell Banker Realty
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$528,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,601
Avg. Annual Appreciation
1.03%
Original Mortgage
$356,250
Outstanding Balance
$277,686
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$250,915

Purchase Details

Closed on
Jan 29, 2013
Sold by
Lee Jeffrey Cho and Chung Nora Wai Ling
Bought by
Lee Jeffrey Cho and Chung Nora Wai Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2008
Sold by
Lee Jeffrey Cho and Chung Nora Wai Ling
Bought by
Lee Jeffrey Cho and Chung Nora Wai Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.47%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 8, 2007
Sold by
Lee Jeffrey Cho and Chung Nora Wal Ling
Bought by
Lee Jeffrey Cho and Chung Nora Wal Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,400
Interest Rate
6.29%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Goodwin Family Living Trust $475,000 Old Republic Title Company
Lee Jeffrey Cho -- Accommodation
Lee Jeffrey Cho -- Fidelity National Title Co
Lee Jeffrey Cho -- Chicago Title Company
Lee Jeffrey Cho -- None Available
Lee Jeffrey Cho -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Goodwin Family Living Trust $356,250
Previous Owner Lee Jeffrey Cho $184,000
Previous Owner Lee Jeffrey Cho $62,000
Previous Owner Lee Jeffrey Cho $200,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2015 07/21/15 Sold $475,000 0.0% $510 / Sq Ft
06/20/2015 06/20/15 Pending -- -- --
05/21/2015 05/21/15 For Sale $475,000 -- $510 / 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
2025 $8,744 $525,000 $157,500 $367,500
2024 $8,744 $540,000 $165,000 $375,000
2023 $9,162 $540,458 $162,137 $378,321
2022 $8,912 $529,861 $158,958 $370,903
2021 $8,502 $519,473 $155,842 $363,631
2020 $8,409 $514,148 $154,244 $359,904
2019 $8,081 $504,070 $151,221 $352,849
2018 $7,914 $494,190 $148,257 $345,933
2017 $7,607 $484,500 $145,350 $339,150
2016 $7,345 $475,000 $142,500 $332,500
2015 $4,673 $275,000 $82,500 $192,500
2014 $4,388 $250,000 $75,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81466424

MLSListings

APN: 019-0022-072-00