NOT LISTED FOR SALE

490 Panoramic Way Berkeley, CA 94704

Estimated Value: $850,000 - $1,301,000

2 Beds
2 Baths
1,125 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold November 07, 2022

Last sale price $950,000 $844 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,479/month

14 Days on Market

Highlights

  • Views of Golden Gate Bridge
  • Midcentury Modern Architecture
  • Bonus Room
  • Chabot Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2022

Perched on Panoramic Hill this midcentury retreat has tremendous SF Bay views! Random plank hardwood floors, clever built-ins, two decks plus ample hillside to garden and a wall of windows to bask in the glorious Bay and hillside views. Make this your "Dwell" inspired retreat and live with nature at your fingertips; hiking trails and sunsets. All just moments from Cal campus and all the amenities of the Elmwood and Downtown Berkeley shopping districts.

Last Listed By

Laura Arechiga

License #01388149 Listed on: 09/22/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,834

Year Built

  • Built in 1948

Lot Details

  • 5,984 Sq Ft Lot
  • Terraced Lot
  • Back Yard

Property Views

  • Bay
  • Golden Gate Bridge
  • San Francisco
  • Bridge
  • City Lights
  • Hills

Home Design

  • Midcentury Modern Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Living Room with Fireplace
  • Bonus Room
  • Partial Basement

Kitchen

  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Bridge Aor Association
  • Berkeley Hills Subdivision, Midcentury Floorplan

Listing and Financial Details

  • Assessor Parcel Number 48H7703192

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,834

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Stories: 2
  • Year Built: 1948
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Subdivision Name: BERKELEY HILLS
  • Directions: Panoramic Way
  • Architectural Style: Mid Century Modern
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two Story
  • New Construction: No
  • Efficiency: None
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Linoleum, Carpet
  • Basement: Crawl Space, Partial
  • Appliances: Dishwasher, Gas Range, Free-Standing Range, Refrigerator
  • Other Equipment: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Free Standing, Living Room, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bonus/Plus Room, Laminate Counters
  • Room Kitchen Features: Counter - Laminate, Dishwasher, Gas Range/Cooktop, Range/Oven Free Standing, Refrigerator

Exterior Features

  • Roof: Composition
  • Lot Features: Sloped Down
  • Pool Features: None
  • Pool Private: No
  • View: Bay, Bay Bridge, City Lights, Golden Gate Bridge, Hills, San Francisco
  • View: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Back Yard, Terraced Down
  • Property Condition: Existing

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, On Street

Utilities

  • Heating: Forced Air
  • Cooling: None
  • Laundry Features: In Basement
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Schools

  • Senior High School District: Berkeley (510) 644-6150

Lot Info

  • Lot Size Sq Ft: 5984
  • Parcel Number: 48H7703192
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Oct 25, 2022
Sold by
L & L Higgins Trust
Bought by
Nicholas Molly and Erhart Matthew J
Seller's Agent
Laura Arechiga
Buyer's Agent
Marissa Harrison
Red Oak Realty
List Price
$899,000
Sold Price
$950,000
Premium/Discount to List
$51,000
5.67%
Total Days on Market
14
Views
18
Current Estimated Value
$1,135,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,616
Avg. Annual Appreciation
5.87%
Original Mortgage
$760,000
Outstanding Balance
$740,802
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$353,609

Purchase Details

Closed on
Mar 4, 2022
Sold by
Ratcliffe Higgins Lauretta Lee
Bought by
L & L Higgins Trust

Purchase Details

Closed on
Feb 22, 2006
Sold by
Higgins Lynn E and Higgins Lauretta R
Bought by
Higgins Lynn E and Higgins Lauretta R

Purchase Details

Closed on
Jul 19, 2005
Sold by
Higgins Lynn E and Higgins Lauretta R
Bought by
Higgins Lynn E and Higgins Lauretta R

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
Nicholas Molly $950,000 Old Republic Title
L & L Higgins Trust -- --
Higgins Lynn E -- None Available
Higgins Lynn E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholas Molly $760,000
Previous Owner Higgins Lauretta R $75,000
Previous Owner Kiehne Jeff $41,953
Previous Owner Higgins Lynne $230,000
Previous Owner Higgins Lynn E $108,000
Previous Owner Higgins Lynn E $106,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $950,000 -- --
11/07/2022 11/07/22 Sold $950,000 +5.7% $844 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $899,000 -- $799 / 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
2024 $13,834 $962,000 $290,700 $678,300
2023 $14,734 $950,000 $285,000 $665,000
2022 $4,091 $184,404 $45,937 $145,467
2021 $3,787 $180,651 $45,036 $142,615
2020 $3,746 $185,727 $44,574 $141,153
2019 $3,527 $182,086 $43,700 $138,386
2018 $3,461 $178,516 $42,844 $135,672
2017 $3,300 $175,016 $42,004 $133,012
2016 $3,118 $171,585 $41,180 $130,405
2015 $3,101 $169,008 $40,562 $128,446
2014 $3,047 $165,698 $39,767 $125,931
Source: Public Records

Agents Affiliated with this Home

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Source: bridgeMLS

MLS Number: 41009412

bridgeMLS

APN: 048H-7703-019-02