$1,175,000
●
House -
Off Market
2306 Mcgee Ave
Berkeley, CA 94703
1 Bed
1 Bath
1,232 Ft²
$1,252,657
RealtyHop Estimate
27.95%
Since Dec 1, 2019
CA-San Francisco
Primary Model
About This Property
Pride of ownership throughout this impeccably updated home in the
heart of Berkeley! Features gorgeous woodwork, custom lighting, and
nods to the property's live-work past. As you enter through
the enchanting front garden, you'll be captivated by the soaring
ceilings and open layout. The gorgeously remodeled kitchen features
high-end European appliances and custom cabinetry. A spacious
dining room, bedroom w/ walk-in closet, and a newly remodeled bath
with Italian marble floors complete the lower level. The
second level features an expansive loft-style room and stunning
vaulted ceilings. This flex space offers plenty of potential and
space for a family room, office, and more. Plumbing for a half-bath
is already in place, and a Juliet balcony overlooks the rear yard.
The serene outdoor space features a deck with custom lighting
and gorgeous native and tropical plants. Detached garage and
laundry room add great convenience. Coveted location just minutes
to BART, shops, and dining.
Unit Size
1,232 Ft²
Days on Market
41 days
Land Size
0.04 acres
Price per sqft
$795
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910
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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 #40884493)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2019 | Sold | ||
| Sold | |||
| Oct 2, 2019 | Listed by RED OAK REALTY | $979,000 | |
| Listed by RED OAK REALTY | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Central Berkeley
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Listed by: MATTHEW VANCE, RED OAK REALTY
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40884493
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40884493
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