$1,660,000
●
House -
Off Market
1500 Spruce St
Berkeley, CA 94709
3 Beds
1 Bath,
1
Half Bath
1,886 Ft²
$1,819,432
RealtyHop Estimate
21.70%
Since Aug 1, 2020
CA-San Francisco
Primary Model
About This Property
Culinary delights abound in the charming neighborhood of this this
classic vintage 1909 North Berkeley Craftsman! Sited on a corner
lot the inviting porch entryway leads to beautiful living room,
family room & dining room. Coved ceilings & large picture windows
create sun-filled spaces with an abundance of charm and light for
great flow & entertaining. Gleaming hardwood floors, original
built-ins & a fireplace create warmth & echoes of an era gone by.
Eat-in kitchen w. loads of storage, charming tilework - opens to a
back deck. Dramatic wood-paneled central staircase to 3 spacious
bedrooms & a hall BR. Addl. "plus" sunroom spans entire length of
the house could be used as a family room, office or split into two
living spaces. Opportunity galore! Car-port and ample off-street
parking. Large unfinished basement for storage & workshop. Set in
midst of a wrap-around garden in desirable North Berkeley
neighborhood close to shops, restaurants, the Berkeley pathways and
the great outdoors.
Unit Size
1,886 Ft²
Days on Market
29 days
Land Size
0.11 acres
Price per sqft
$793
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1909
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (bridgeMLS/CCAR/Bay East AOR #40909624)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2020 | Listed by THE GRUBB CO. INC. | $1,495,000 | |
| Listed by THE GRUBB CO. INC. | |||
Property Highlights
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Sold On
Sold On
HOA + Taxes
About North Berkeley
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Listed by: Colette Ford, THE GRUBB CO. INC.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40909624
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40909624
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