NOT LISTED FOR SALE

Estimated Value: $765,000 - $1,149,000

2 Beds
2 Baths
1,362 Sq Ft
$255/mo HOA Fee

Last Sold August 05, 2020

Last sale price $1,100,000 $808 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $6,728/month

12 Days on Market

Highlights

  • City Lights View
  • Updated Kitchen
  • Stone Countertops
  • Oakland Technical High School Rated A
  • Traditional Architecture
  • Tile Flooring

About This Home

As of August 2020

Step up to the penthouse on a hill, just minutes from Lake Merritt in Oakland’s bustling Grand Lake neighborhood. 486 Weldon Avenue is an architectural marvel of a spacious condo with the right blend of loft with a house-like feel. Soaring high ceilings with skylights let abundant natural light fill the living and dining rooms. The updated gourmet open kitchen faces views of Downtown Oakland. A spiral staircase leads to a spacious loft, perfect for use as a home office or reading retreat. The well-appointed master suite delights with two walk-in closets and an en-suite bathroom. Just off the hallway is a side door with easy access to a roomy deck that leads to the private backyard - this outdoor oasis is ideal for lounging or outdoor entertaining. Bonus storage space in loft, pantry closet off kitchen, in-unit laundry, one car garage. Walksore of 93. HOA dues of $255/month include common area maintenance, hazard insurance, and reserves.

Last Agent to Sell the Property

Nicole Platt

License #01933793 Listed on: 06/11/2020

Co-Listed By

Cameron Platt

Abio Properties License #01993663

Last Buyer's Agent

Kenan Jue

License #02000558

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,421

Year Built

  • Built in 1916

Lot Details

  • Lot Sloped Up

HOA Fees

  • $255 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Tile Flooring
  • City Lights Views

Kitchen

  • Updated Kitchen
  • Gas Range
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • 220 Volts In Laundry

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Association fees include exterior maintenance, hazard insurance, reserves
  • Grand Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01185203200

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,421

Year Built

Built in 1916

Lot Details

0

HOA Fees

$255 per month

Parking

1

Listing Details

  • Stories: 2
  • Year Built: 1916
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: SBIO01
  • Subdivision Name: Grand Lake
  • Directions: Grand > Weldon
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two Story
  • New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile
  • Appliances: Dishwasher, Gas Range, Dryer, Washer
  • Accessibility Features: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Window Features: Window Coverings
  • Room Kitchen Features: Counter - Stone, Dishwasher, Garbage Disposal, Gas Range/Cooktop, Updated Kitchen

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Sloped Up
  • Pool Features: None
  • Pool Private: No
  • View: City Lights
  • Construction Type: Wood Siding
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Space Per Unit - 1

Utilities

  • Heating: Forced Air
  • Cooling: None
  • Laundry Features: 220 Volt Outlet, Dryer, Washer, In Unit
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Amenities: Other
  • Association Fee: 255
  • Association Fee Frequency: Monthly
  • Phone: 000-000-0000
  • Association: Yes

Fee Information

  • Association Fee Includes: Exterior Maintenance, Hazard Insurance, Reserves

Lot Info

  • Parcel Number: 01185203200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jul 4, 2020
Sold by
Malech Daniel Lewis and Malech Harry L
Bought by
Sitaraman Bharath
Seller's Agent
Nicole Platt
Buyer's Agent
Kenan Jue
List Price
$890,000
Sold Price
$1,100,000
Premium/Discount to List
$210,000
23.6%
Current Estimated Value
$975,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$124,662
Avg. Annual Appreciation
-3.04%
Original Mortgage
$880,000
Outstanding Balance
$780,326
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$155,913

Purchase Details

Closed on
Mar 28, 2018
Sold by
Malech Emily A
Bought by
Malech Harry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2018
Sold by
Birnbaum David M and Birnbaum Bette L
Bought by
Malech Daniel Lewis and Malech Harry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2015
Sold by
Weldon Avenue Lp
Bought by
Birnbaum David M and Birnbaum Bette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
2.42%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 24, 2014
Sold by
Marton Betty J
Bought by
Weldon Avenue Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,250
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Sitaraman Bharath $1,100,000 Old Republic Title Company
Malech Harry L -- Chicago Title Company
Malech Daniel Lewis $875,000 Chicago Title Company
Birnbaum David M $785,000 Old Republic Title Company
Weldon Avenue Lp $765,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sitaraman Bharath $880,000
Previous Owner Malech Harry L $700,000
Previous Owner Birnbaum David M $450,000
Previous Owner Weldon Avenue Lp $497,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Off Market $1,100,000 -- --
02/04/2025 02/04/25 Off Market $1,100,000 -- --
08/05/2020 08/05/20 Sold $1,100,000 +23.6% $808 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $890,000 -- $653 / 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 $16,421 $1,183,661 $357,198 $833,463
2024 $16,421 $1,160,320 $350,196 $817,124
2023 $17,354 $1,144,440 $343,332 $801,108
2022 $16,971 $1,115,000 $336,600 $785,400
2021 $16,384 $1,093,000 $330,000 $770,000
2020 $13,756 $910,350 $273,105 $637,245
2019 $13,303 $892,500 $267,750 $624,750
2018 $12,323 $816,714 $244,494 $572,220
2017 $11,872 $800,700 $239,700 $561,000
2016 $11,431 $785,000 $235,000 $550,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 40908096

bridgeMLS

APN: 011-0852-032-00