$1,725,000
●
House -
Off Market
486 Michigan Ave
Berkeley, CA 94707
5 Beds
4 Baths
3,103 Ft²
$2,151,215
RealtyHop Estimate
26.92%
Since Aug 1, 2018
CA-San Francisco
Primary Model
About This Property
This exquisitely remodeled 1928 classic Tudor home was extensively
renovated 2008-2012 by architect David Gilbert and Landmark
Construction. There are five plus bedrooms and four baths. The
sunny gourmet kitchen opens to a family room with French doors to
an expansive deck that overlooks lush terraced gardens and views of
the Bay. The magnificent living room has soaring cathedral
ceilings, exposed beams, wrought iron chandelier, and stone
fireplace which adjoins a formal dining room. The upper level has
three bedrooms and two baths, including a fantastic master suite
with walk in closet and luxurious bathroom. All bathrooms have
beautiful stone and tile finishes. Hardwood floors throughout most
of home. The lower level has a spacious den, bedroom, and bathroom
all opening to another deck. There is a large laundry room and
storage room with cool temperatures perfect for a wine cellar. The
home is near the incredible Tilden Regional Park, bus lines, and
next to Dorothy Bolte Park.
Unit Size
3,103 Ft²
Days on Market
79 days
Land Size
0.16 acres
Price per sqft
$546
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1928
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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: 5 months ago (bridgeMLS/CCAR/Bay East AOR #40820809)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2018 | Sold | ||
| Sold | |||
| May 8, 2018 | Listed by COLDWELL BANKER REAL ESTATE | $1,695,000 | |
| Listed by COLDWELL BANKER REAL ESTATE | |||
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
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Sold On
HOA + Taxes
About Berkeley Hills
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Listed by: KIM MARIENTHAL, COLDWELL BANKER REAL ESTATE
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40820809
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40820809
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