$1,600,000
SOLD JUL 15, 2021
6 Beds
4 Baths
3,581 Sq Ft
6,250 Sq Ft Lot

Recently Sold

$447 Per Sq Ft

14% Above List Price

23 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Oakland Technical High School Rated A
  • Fireplace
  • 5-minute walk to Eastshore Park

About This Home

As of July 2021

To access marketing package copy/paste: This charming Adams Point investment opportunity offers an excellent mix of income-generating units, including two 2-bed and two 1-bed units and a converted garage into a workspace for an additional $220/month. The property features 3 off-street parking spaces, shared coin laundry and plenty of storage. With beautiful hardwood flooring throughout, units feature handsome period details such as decorative molding, wainscoting, built-in cabinetry, exposed beams, and a decorative fireplace. Renovated in 2020, updates for both main house and studio include new roofing, new paint, improved kitchen and bath, water heaters, and more. With at least 10% upside gross rental income, this property is perfect for an owner-occupant buyer or investor. The 6,250-SqFt lot is steps away from Lake Merritt and a short stroll to popular eateries and boutiques along Grand and Lakeshore.

Last Agent to Sell the Property

Jatin Mehta

Kite Hill Real Estate License #02045713 Listed on: 06/08/2021

Last Buyer's Agent

Devin Ratoosh

Red Oak Realty License #01820096

Red Oak Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,427

Year Built

  • Built in 1963

Lot Details

  • 6,250 Sq Ft Lot
  • Rectangular Lot
  • Front Yard

Parking

  • Off-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • Fireplace
  • Wood Flooring
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 1077910

Community Details

Overview

  • No Home Owners Association
  • 3,581 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,427

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Year Built: 1963
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Directions: google maps
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Basement: Separate Entry
  • Appliances: Washer
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Regular
  • Construction Type: Other
  • Exterior Features: Front Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Heating: Forced Air
  • Utilities: Internet Available, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated, In Unit
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Zoning: RU-2
  • Lot Size Sq Ft: 6250
  • Parcel Number: 1077910
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Jul 13, 2021
Sold by
Thompson Ann Patricla
Bought by
Taper Mark L
Seller's Agent
Jatin Mehta
Kite Hill Real Estate
Buyer's Agent
Devin Ratoosh
Red Oak Realty
List Price
$1,400,000
Sold Price
$1,600,000
Premium/Discount to List
$200,000
14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.87%

Purchase Details

Closed on
Nov 14, 2013
Sold by
Smith Paul D and Smith Kathleen J
Bought by
Smith Paul D and Smith Kathleen J

Purchase Details

Closed on
Jul 12, 1995
Sold by
Dunlap Lorett A
Bought by
Smith Paul D and Smith Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.63%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed $6,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Adjustable Rate Mortgage/ARM
Closed $435,000 New Conventional
Closed $400,000 Commercial
Closed $310,000 Negative Amortization
Closed $195,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $1,399,000 -12.6% $391 / Sq Ft
02/04/2025 02/04/25 Off Market $1,600,000 -- --
07/15/2021 07/15/21 Sold $1,600,000 +14.3% $447 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $1,400,000 -- $391 / 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
2025 $23,427 $1,697,920 $509,376 $1,188,544
2024 $23,427 $1,664,640 $499,392 $1,165,248
2023 $24,766 $1,632,000 $489,600 $1,142,400
2022 $24,180 $1,600,000 $480,000 $1,120,000
2021 $6,601 $349,443 $107,426 $249,017
2020 $6,523 $352,789 $106,325 $246,464
2019 $6,185 $345,873 $104,241 $241,632
2018 $6,053 $339,093 $102,197 $236,896
2017 $5,782 $332,446 $100,194 $232,252
2016 $5,550 $325,929 $98,230 $227,699
2015 $5,515 $321,035 $96,755 $224,280
2014 $5,653 $314,747 $94,860 $219,887
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: bridgeMLS

MLS Number: 40953328

bridgeMLS

APN: 010-0779-010-00