NOT LISTED FOR SALE

Pacific Renaissance Plaza 988 Franklin St Unit 423 Oakland, CA 94607

Chinatown Neighborhood

Estimated Value: $398,000 - $437,000

2 Beds
2 Baths
866 Sq Ft
$835/mo HOA Fee

Last Sold February 16, 2024

Last sale price $449,000 $518 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,677/month

20 Days on Market

Highlights

  • 2.25 Acre Lot
  • 5-minute walk to 12Th St Oakland City Center Station
  • 1-Story Property
  • Lincoln Elementary School Rated 10
  • Clubhouse
  • 3-minute walk to Lincoln Square Park

About This Home

As of February 2024

Discover this exquisite 4th-floor corner condo with newer paint, floors, and appliances. Whether you're entertaining friends or seeking relaxation, this spacious complex offers countless ways to enjoy your living space. Nestled in the heart of Oakland's Chinatown, The Pacific Renaissance Plaza soars 12 stories high, providing an exceptional living experience surrounded by a plethora of businesses, boutique shops, and delectable eateries. The complex is within walking distance of BART, Oakland's financial district, and major corporations. Your unit includes gated underground parking space for your convenience. This home boasts 2 generous bedrooms, both equipped with full bathrooms, and one features a walk-in closet. Enjoy the convenience of the provided refrigerator, stove, oven, and microwave, along with access to the HOA's amenities. Stay cozy during the chilly winter days with central heating. The complex also offers a scenic view overlooking the Pacific Renaissance Plaza courtyard and private outdoor space, including a dog run. Schedule your appointment to tour this stunning Condominium unit today!

Last Agent to Sell the Property

Sundeep Ambati

Ambati Properties License #01939528 Listed on: 01/25/2024

Last Buyer's Agent

Peter Lai

Wah Hing Corp. License #01406444

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,862

Year Built

  • Built in 1993 | Remodeled

Lot Details

  • 2.25

HOA Fees

  • $835 Monthly HOA Fees

Interior Spaces

  • 2 Full Bathrooms
  • 866 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Free-Standing Electric Range
  • Microwave
  • Dishwasher

Parking

  • 1 Parking Space
  • Open Parking

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 0020060045

Community Details

Overview

  • Association fees include common areas, insurance on structure, security, sewer, trash
  • 200 Units
  • Pacific Renaissance Plaza Association, Phone Number (510) 251-6445
  • High-Rise Condominium

Amenities

  • Clubhouse
  • Coin Laundry

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,862

Year Built

Built in 1993 | Remodeled

Lot Details

0

HOA Fees

$835 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Attached, Hi-Rise (9+)
  • Property Condition: Updated/Remodeled
  • Levels: One
  • Year Built: 1993
  • Special Features: None
  • Stories: 0

Interior Features

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Refrigerator, Microwave
  • Flooring: Laminate
  • Laundry Features: See Remarks
  • Price Per Square Foot: 518.48
  • Square Footage: 866.00

Exterior Features

  • View: Other

Garage/Parking

  • Parking Access: Independent
  • Parking Features: Underground Parking
  • Parking Fees: No
  • Parking Type: On Site - Assigned (Condo Only)
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Central

Association/Amenities

  • Association Features: Clubhouse, Laundry Coin
  • Association Name: Pacific Renaissance Plaza

Condo/Co-op/Association

  • Association Fee: 835
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Areas, Insurance on Structure, Security, Sewer, Trash
  • Phone: (510) 251-6445

Lot Info

  • Assessor Parcel Number: 0020060045
  • Lot Size Acres: 2.2519
  • Lot Size Sq Ft: 98093.00
  • Lot Size Units: SqFt
  • Price Per Acre: 199387.18

Rental Info

  • Pets Allowed: Cats OK, Dogs OK, Service Animals OK

Multi Family

  • Number Of Units: 200

MLS Schools

  • School District County: Alameda
  • Senior High School District: Oakland Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 13, 2024
Sold by
Zhang Christina J
Bought by
Zhang Joseph Jin
Seller's Agent
Sundeep Ambati
Ambati Properties
Buyer's Agent
Peter Lai
Wah Hing Corp.
List Price
$449,000
Sold Price
$449,000
Views
26
Current Estimated Value
$417,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,157
Avg. Annual Appreciation
-4.14%

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 9, 2024
Sold by
Sundeep Ambati Separate Property Trust
Bought by
Zhang Joseph Jin
Seller's Agent
Sundeep Ambati
Ambati Properties
Buyer's Agent
Peter Lai
Wah Hing Corp.
List Price
$449,000
Sold Price
$449,000
Views
26

Purchase Details

Closed on
Apr 1, 2015
Sold by
Ambati Sundeep
Bought by
Ambati Sundeep

Purchase Details

Closed on
Mar 31, 2014
Sold by
Tom Timonthy
Bought by
Ambati Sundeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,400
Interest Rate
3.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 1994
Sold by
Tom Lily P
Bought by
Tom Lily
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
Zhang Joseph Jin -- Old Republic Title Company
Zhang Joseph Jin $449,000 Old Republic Title Company
Ambati Sundeep -- None Available
Ambati Sundeep $388,000 First American Title
Tom Lily -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ambati Sundeep $310,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $449,000 0.0% $518 / Sq Ft
01/25/2024 01/25/24 For Sale $449,000 -- $518 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $7,862 $457,980 $137,394 $320,586
2024 $7,862 $466,290 $139,887 $326,403
2023 $8,198 $457,148 $137,144 $320,004
2022 $7,958 $448,185 $134,455 $313,730
2021 $7,573 $439,401 $131,820 $307,581
2020 $7,318 $434,897 $130,469 $304,428
2019 $7,015 $426,372 $127,911 $298,461
2018 $6,871 $418,014 $125,404 $292,610
2017 $6,598 $409,820 $122,946 $286,874
2016 $6,354 $401,784 $120,535 $281,249
2015 $6,320 $395,751 $118,725 $277,026
2014 $5,026 $301,509 $28,284 $273,225
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sundeep Ambati

    Ambati Properties

    (559) 260-5113

    1 in this area

    17 Total Sales

    Sundeep Ambati
    Section Image
  • Peter Lai

    Buyer's Agent in 2024

    Peter Lai

    Wah Hing Corp.

    (510) 501-3358

    3 in this area

    73 Total Sales

    Peter Lai
    Section Image
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About Pacific Renaissance Plaza

Map

Source: San Francisco Association of REALTORS®

MLS Number: 424004860

San Francisco Association of REALTORS®

APN: 002-0060-045-00

California Alameda County Oakland 94607 Chinatown

988 Franklin St Unit 423, Oakland, CA

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.

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