NOT LISTED FOR SALE

5840 Florence Terrace Oakland, CA 94611

Merriewood Neighborhood

Estimated Value: $1,253,000 - $1,706,584

3 Beds
3.5 Baths
2,328 Sq Ft
$618/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $1,620,000 $696 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $9,741/month

11 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Stone Countertops
  • Thornhill Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of February 2023

Reminiscent of a magical storybook home, this stylishly updated Montclair retreat offers the rare combination of Village-close proximity with a private, park-like yard! Entertain friends and family alike in the bright and open great room, which encompasses the living room with cozy fireplace and the adjoining dining area that overlooks the back patio and garden. Integral to this space is the beautifully updated kitchen, which is a true chef’s delight! Rich wood floors span the entire great room. Upstairs, there are three sunny bedrooms, including the primary suite with sumptuous bath and gorgeous garden views, as well as another beautifully updated hall bath. Perfect for unwinding after a long day, the lower level offers a tranquil family room, for reading a good book and enjoying a little downtime, or perhaps hosting a spirited game night with family and friends! A large slider opens out onto the back patio creating the ideal indoor/out flow and extends the living space out into nature! The crown jewel of this retreat is the private, meadow-like yard. Imagine having your own vineyard or orchard, or simply enjoying the peace and tranquility of your own park. The possibilities are endless! All that’s missing is Julie Andrews singing “The Sound of Music”!

Last Agent to Sell the Property

Steven Michaelides

The GRUBB Company License #01275784 Listed on: 01/20/2023

Last Buyer's Agent

Dale Boutiette

Compass License #01768604

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,061

Year Built

  • Built in 1938

Lot Details

  • 0.36 Acre Lot
  • Landscaped
  • Lot Sloped Down
  • Garden
  • Back and Front Yard

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Gas Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Bridge Aor Association
  • Montclair Subdivision

Listing and Financial Details

  • Assessor Parcel Number 48G741926

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,061

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1938
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.36
  • Subdivision Name: MONTCLAIR
  • Directions: Mountain to Florence Terrace
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three or More Stories
  • New Construction: No
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Dishwasher, Gas Range, Refrigerator, Dryer, Gas Water Heater, Tankless Water Heater
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Family Room, Stone Counters, Updated Kitchen
  • Room Kitchen Features: Counter - Stone, Dishwasher, Gas Range/Cooktop, Refrigerator, Updated Kitchen

Exterior Features

  • Roof: Shingle
  • Lot Features: Sloped Down, Front Yard
  • Pool Features: None
  • Pool Private: No
  • Construction Type: Wood Siding
  • Exterior Features: Backyard, Garden, Back Yard, Front Yard, Garden/Play, Landscape Back, Landscape Front
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Parking Features: Detached, Off Street, Enclosed

Utilities

  • Heating: Zoned
  • Cooling: Zoned, Wall/Window Unit(s)
  • Laundry Features: Dryer, Washer
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Schools

  • Senior High School District: Oakland (510) 879-8111

Lot Info

  • Lot Size Sq Ft: 15456
  • Parcel Number: 48G741926
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2025
Sold by
Palmer Wilson and Palmer Chelsea
Bought by
Wilson And Chelsea Palmer Family Trust and Palmer
Current Estimated Value
$1,437,896

Purchase Details

Listed on
Jan 20, 2023
Closed on
Feb 13, 2023
Sold by
Funk Mark Gregory and Funk Katelynn Carter
Bought by
Palmer Wilson and Palmer Chelsea
Seller's Agent
Steven Michaelides
The GRUBB Company
Buyer's Agent
Dale Boutiette
Compass
List Price
$1,395,000
Sold Price
$1,620,000
Premium/Discount to List
$225,000
16.13%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.62%
Original Mortgage
$1,078,000
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2018
Sold by
Moon Caroline
Bought by
Funk Mark Gregory and Funk Katelynn Carter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,000
Interest Rate
3.55%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 2, 2013
Sold by
Wilson Bryce G and Wilson Corine
Bought by
Moon Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2012
Sold by
Florence Terrace Llc
Bought by
Wilson Bryce G and Wilson Corine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,200
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2011
Sold by
Isailovic Ivana
Bought by
Florence Terrace Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.45%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2011
Sold by
Gmac Mortgage Llc
Bought by
Isailovic Ivana

Purchase Details

Closed on
Dec 8, 2010
Sold by
Otey Peter S
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Feb 12, 2003
Sold by
Otey Peter and The Otey Living Trust
Bought by
Otey Peter S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.89%

Purchase Details

Closed on
Nov 26, 1997
Sold by
Otey Genevieve M
Bought by
Otey Genevieve M and The Otey Living Trust
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
Wilson And Chelsea Palmer Family Trust -- None Listed On Document
Palmer Wilson $1,620,000 Old Republic Title Company
Funk Mark Gregory $1,430,000 Old Republic Title Company
Moon Caroline $975,000 Old Republic Title Company
Wilson Bryce G $729,000 Old Republic Title Company
Florence Terrace Llc -- None Available
Isailovic Ivana $354,500 Fidelity National Title Co
Gmac Mortgage Llc $395,100 Accommodation
Otey Peter S -- Napa Land Title Company
Otey Genevieve M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palmer Wilson $1,078,000
Previous Owner Funk Mark Gregory $858,000
Previous Owner Moon Caroline $98,530
Previous Owner Moon Caroline $780,000
Previous Owner Wilson Bryce G $583,200
Previous Owner Florence Terrace Llc $344,000
Previous Owner Otey Peter $13,000
Previous Owner Otey Peter S $65,000
Previous Owner Otey Peter S $400,000
Previous Owner Otey Peter S $60,000
Previous Owner Otey Peter S $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,620,000 -- --
02/21/2023 02/21/23 Sold $1,620,000 +16.1% $696 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $1,395,000 -- $599 / 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 $23,061 $1,685,447 $505,634 $1,179,813
2024 $23,061 $1,652,400 $495,720 $1,156,680
2023 $23,519 $1,563,890 $469,167 $1,094,723
2022 $23,016 $1,526,231 $459,969 $1,073,262
2021 $22,293 $1,496,172 $450,951 $1,052,221
2020 $22,046 $1,487,771 $446,331 $1,041,440
2019 $21,398 $1,458,600 $437,580 $1,021,020
2018 $15,812 $1,055,193 $316,558 $738,635
2017 $15,244 $1,034,503 $310,351 $724,152
2016 $14,837 $1,014,223 $304,267 $709,956
2015 $14,754 $998,994 $299,698 $699,296
2014 $14,834 $979,425 $293,827 $685,598
Source: Public Records

Agents Affiliated with this Home

  • Steven Michaelides

    Seller's Agent in 2023

    Steven Michaelides

    The GRUBB Company

    (510) 435-9290

    5 in this area

    41 Total Sales

    Steven Michaelides
    Section Image

  • D

    Buyer's Agent in 2023

    Dale Boutiette

    Compass

  • R

    Buyer Co-Listing Agent in 2023

    RICHARD CENTENO

    Premier Homes

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Map

Source: bridgeMLS

MLS Number: 41017528

bridgeMLS

APN: 048G-7419-026-00

California Alameda County Oakland 94611 Merriewood

5840 Florence Terrace, Oakland, CA

This home is located at 5840 Florence Terrace, Oakland, CA 94611 since 20 January 2023 and is currently estimated at $1,437,896, approximately $617 per square foot. This property was built in 1938. 5840 Florence Terrace is a home located in Alameda County with nearby schools including Thornhill Elementary School, Montera Middle School, and Skyline High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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