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1316 Martin Luther King Jr Way

1316 Martin Luther King Jr Way, Berkeley, CA 94709
Property in North Berkeley
Sold Oct 01, 2021
$1,650,000
$1,280,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2051
Sold Dec 20, 2016
$1,152,000
$800,000 by Rpm Mortgage Inc
Mortgage Due Jan 01, 2047
Local assessors in Berkeley, CA have categorized 1316 Martin Luther King Jr Way as a residential type of property. The home was built in 1925 and is 99 years old. It was most recently renovated and altered in 1940. The property's lot size has been calculated to be 5,400 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1316 Martin Luther King Jr Way has a total of 2,272 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The property was last sold in Sep 28, 2021 for $1,650,000. That's $726.23 per sqft. Prior to that sales transaction, the property was also sold in Dec 12, 2016 for $1,152,000. 1316 Martin Luther King Jr Way was last assessed in 2022. The total value of the property was assessed at $1,650,000. Specifically, the land the property is located on was valued at $495,000. While improvements on the property were assessed at a total of $1,155,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $25,171. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Unknown
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,400
  • Total Building Area: 2,272
  • Gross Building Area: 2,272
  • Building Area: 2,272
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,272
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEVISTON
  • Land Acres: 0.124
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT: 00007 BLK: AR: 0060 PAGE: 2447

Ownership

  • Current Owner : SHARMA AMBUJ
  • Current Owner 2: IOANNONI SIMONA MARIA
  • Previous Owner : HOFFMAN FRIEDA
  • Previous Owner 2: QUADARA JOSEPH
  • Owner Before Previous Owner: KURNIZKI WILLIAM
  • Owner Before Previous Owner 2: KURNIZKI KIMBERLY L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Berkeley Unified School District
  • Census Tract: 421800

Geography

  • Assessors Map Reference: 2-B5
  • Parcel: 60-2447-7
  • Block: A
  • Lot: 25
  • Municipality: CITY OF BERKELEY
  • Latitude: 37.8825
  • Longitude: -122.275

    Address

  • Full Address: 1316 Martin Luther King Jr Way
  • Address - House Number: 1316
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Berkeley
  • Carrier Code: C041
  • 4-Digit Zip Code: 1913
  • Zip Code: 94709

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,171
  • Tax Rate Code Area: 13-000

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 71
  • Final Value: 1,612,253
  • High Value: 1,954,011
  • Low Value: 1,270,495

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,280,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 01, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,280,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,650,000
  • Assessed Land Value: $495,000
  • Assessed Improvements Value: $1,155,000

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 01, 2021
  • Current Sale Transaction ID: 11859324632
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021329568
  • Previous Sale Recording Date: Dec 20, 2016
  • Previous Sale Contract Date: Dec 12, 2016
  • Previous Sale Amount: $1,152,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 01, 2021
  • First Mortgage Loan Amount: $1,280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: RPM MORTGAGE INC
  • Previous Mortgage Transaction Date: Dec 20, 2016
  • Previous Mortgage Loan Amount: $800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2047

About North Berkeley



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Frequently Asked Questions

What neighborhood is 1316 Martin Luther King Jr Way located in?
The 1316 Martin Luther King Jr Way is a located in the neighborhood of North Berkeley in North Berkeley, Berkeley.
What is the average sales price for listings in 1316 Martin Luther King Jr Way?
The average sales price for units in 1316 Martin Luther King Jr Way is $0 currently.

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