NOT LISTED FOR SALE

Estimated Value: $1,389,000 - $1,999,612

4 Beds
4 Baths
2,784 Sq Ft
$612/Sq Ft Est. Value

Last Sold December 09, 2019

Last sale price $1,755,000 $630 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,588/month

59 Days on Market

About This Home

As of December 2019

This home is located at 4278 Terrace St, Oakland, CA 94611 since 10 October 2019 and is currently estimated at $1,705,153, approximately $612 per square foot. This property was built in 1920. 4278 Terrace St is a home located in Alameda County with nearby schools including Piedmont Avenue Elementary School, Westlake Middle School, and Oakland Technical High School.

Last Agent to Sell the Property

Mike Priolo

NAI Northern California License #01878385 Listed on: 10/10/2019

NAI Northern California

Last Buyer's Agent

Jonathan Payne

KIM COLE REAL ESTATE, INC. License #01957953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,568

Year Built

  • 1920

Lot Details

  • 3,960 Sq Ft Lot

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,784 Sq Ft Home
  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Total Actual Rent $129,096
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,775
  • Maintenance Expense $2,373
  • Utility Expense $2,563
  • Trash Expense $3,804
  • Operating Expense $37,525
  • Gross Income $126,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,568

Year Built

1920

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 99
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2784
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Living Sq Ft: 2784
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: On Street

Utilities

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

Schools

  • School District: Oakland Unified

Lot Info

  • Lot Acres: 0.0909
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3960.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3960.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 13.39
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2775
  • Expense Maintenance: 2373
  • Expenses Total: 37525
  • Expenses Utility: 2563
  • Expense Trash: 3804
  • Income Annual Gross: 126780.00
  • Income Annual Rental: 129096
  • Income Gross Scheduled: 130701
  • Income Includes: Laundry, Rents
  • Income Other: 1605
  • Meters: Master Electric, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Dec 4, 2019
Sold by
Cryan Katharine Anne
Bought by
Sinkin Gabriel Micah
Seller's Agent
Mike Priolo
NAI Northern California
Buyer's Agent
Jonathan Payne
KIM COLE REAL ESTATE, INC.
List Price
$1,750,000
Sold Price
$1,755,000
Premium/Discount to List
$5,000
0.29%
Current Estimated Value
$1,705,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,847
Avg. Annual Appreciation
-0.51%
Original Mortgage
$1,140,000
Outstanding Balance
$1,002,703
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$702,450

Purchase Details

Listed on
Oct 10, 2019
Closed on
Dec 2, 2019
Sold by
Yunxin Llc
Bought by
Sinkin Gabriel Micah
Seller's Agent
Mike Priolo
NAI Northern California
Buyer's Agent
Jonathan Payne
KIM COLE REAL ESTATE, INC.
List Price
$1,750,000
Sold Price
$1,755,000
Premium/Discount to List
$5,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$1,002,703
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$702,450

Purchase Details

Closed on
Mar 23, 2018
Sold by
Tom Ray and Li Weiwei
Bought by
Yunxin Llc

Purchase Details

Closed on
Jul 8, 2016
Sold by
Bui Diane
Bought by
Luu Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$866,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2016
Sold by
Evergreen Property Group Llc
Bought by
Ray Luu Michael and Ray Tom

Purchase Details

Closed on
Oct 1, 2015
Sold by
Russell Donna
Bought by
Evergreen Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 14, 2015
Sold by
Russell Donna and Olga Parris Revocable Trust
Bought by
Russell Donna

Purchase Details

Closed on
Jun 2, 2006
Sold by
Parris Olga
Bought by
Parris Olga and Olga Parris Revocable Trust
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
Sinkin Gabriel Micah -- Old Republic Title Company
Sinkin Gabriel Micah $1,750,000 Old Republic Title Company
Yunxin Llc -- None Available
Luu Michael -- Fidelity National Title Co
Ray Luu Michael -- None Available
Evergreen Property Group Llc $865,000 Fidelity National Title Co
Russell Donna -- None Available
Parris Olga -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sinkin Gabriel Micah $1,140,000
Previous Owner Luu Michael $866,000
Previous Owner Evergreen Property Group Llc $250,000
Previous Owner Evergreen Property Group Llc $900,000
Previous Owner Parris Olga $469,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2019 12/09/19 Sold $1,755,000 +0.3% $630 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $1,750,000 -- $629 / 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 $27,568 $1,919,320 $825,690 $1,093,630
2024 $27,568 $1,881,693 $809,503 $1,072,190
2023 $29,043 $1,844,803 $793,633 $1,051,170
2022 $28,211 $1,808,632 $778,072 $1,030,560
2021 $26,990 $1,773,181 $762,821 $1,010,360
2020 $26,691 $1,755,000 $755,000 $1,000,000
2019 $14,704 $917,937 $275,381 $642,556
2018 $14,394 $899,945 $269,983 $629,962
2017 $13,764 $882,300 $264,690 $617,610
2016 $13,392 $865,000 $259,500 $605,500
2015 $3,762 $103,036 $71,895 $31,141
2014 $3,176 $101,018 $70,487 $30,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81772043

MLSListings

APN: 013-1110-043-00