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720 Gilman Street

720 Gilman Street, Berkeley, CA 94710
Property in Ocean View
Sold Feb 11, 2016
$615,000
$461,250 by Rpm Mortgage Inc
Mortgage Due Mar 01, 2046
Sold Jan 21, 2005
$494,000
$395,200 by Long Beach Mortgage Co
Mortgage Due Feb 01, 2035
Local assessors in Berkeley, CA have categorized 720 Gilman Street as a residential type of property. The home was built in 1903 and is 121 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 83,010 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 720 Gilman Street has a total of 1,592 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. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 720 Gilman Street sold most recently in Feb 5, 2016 for a total of $615,000. If you work out the math, that's approximately a cost of $386.31 per sqft. Before that, the property was also sold for $494,000 in Jan 14, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,876 in taxes each year. 720 Gilman Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $679,032. If we break it down further, the land itself was valued at $223,100. Improvements to the property, however, were assessed at a total of $462,932. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 83,010
  • Total Building Area: 1,592
  • Building Area: 1,592
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,592
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE TANNERY LOFTS
  • Land Acres: 1.906
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TR: 6714 LOT: BLDG: UNIT:720

Ownership

  • Current Owner : KIM SUZY L
  • Current Owner 2: DESPELDER EVAN J
  • Previous Owner : ROSENTHAL JOSHUA A
  • Owner Before Previous Owner: VORIS LINDA
  • Owner Before Previous Owner 2: KAKOUDAKI DESPINA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Berkeley Unified School District
  • Census Tract: 422000

Geography

  • Subdivision Tract Number: 6714
  • Parcel: 59-2346-62
  • Lot: 1
  • Municipality: CITY OF BERKELEY
  • Latitude: 37.8783
  • Longitude: -122.304

    Address

  • Full Address: 720 Gilman St
  • Legal Unit: 720
  • Address - House Number: 720
  • Address - Street Name: Gilman
  • Address - Suffix Type: St
  • State: CA
  • City Name: Berkeley
  • Carrier Code: C020
  • 4-Digit Zip Code: 1316
  • Zip Code: 94710

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,876
  • Tax Rate Code Area: 13-000

    Appraisal Valuation

  • Standard Deviation: 0.2156
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 70
  • Final Value: 830,428
  • High Value: 1,009,536
  • Low Value: 651,320

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $961,250
  • First Open Lien Mortgage Lender: RPM MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Feb 11, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $461,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2046
  • Second Open Lien Mortgage Lender: LENDUS LLC
  • Second Open Lien Mortgage Recording Date: Mar 16, 2022
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $679,032
  • Assessed Land Value: $223,100
  • Assessed Improvements Value: $462,932

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 05, 2016
  • Current Sale Recording Date: Feb 11, 2016
  • Current Sale Transaction ID: 1438298910
  • Current Sale Price: $615,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016036457
  • Previous Sale Recording Date: Jan 21, 2005
  • Previous Sale Contract Date: Jan 14, 2005
  • Previous Sale Amount: $494,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: RPM MORTGAGE INC
  • First Mortgage Transaction Date: Feb 11, 2016
  • First Mortgage Loan Amount: $461,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Mar 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: LONG BEACH MORTGAGE CO
  • Previous Mortgage Transaction Date: Jan 21, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $395,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2035

About West Berkeley



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Unit for rent at 1935 Addison Street, Berkeley, CA, 94704

$4,095 /mo

  • 3 Beds
  • 1 Bath
  • 965 ft²
1935 Addison Street #1935 Addison Street Apt 413, Berkeley, CA, 94704 Listing by Manager

Frequently Asked Questions

What neighborhood is 720 Gilman Street located in?
The 720 Gilman Street is a located in the neighborhood of Ocean View in West Berkeley, Berkeley.
What is the average sales price for listings in 720 Gilman Street?
The average sales price for units in 720 Gilman Street is $0 currently.

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