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7864 Bancroft Avenue

7864 Bancroft Avenue, Oakland, CA 94605
Multifamily in Eastmont
Sold Apr 28, 2021
$795,000
Sold Oct 19, 2012
$340,000
$201,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2042
7864 Bancroft Avenue in Oakland, CA was first built in 2004 and is 20 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 14 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 7864 Bancroft Avenue has 2,808 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,400 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. 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, 7864 Bancroft Avenue sold most recently in Apr 26, 2021 for a total of $795,000. If you work out the math, that's approximately a cost of $283.12 per sqft. Before that, the property was also sold for $340,000 in Oct 9, 2012. 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 $13,337 in taxes each year. The initial year of tax delinquency occurred in 2021. 7864 Bancroft Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $810,900. If we break it down further, the land itself was valued at $243,270. Improvements to the property, however, were assessed at a total of $567,630. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Wood Siding

Parking

Carport
RV Parking
Tandem Parking
Assigned Parking
Covered Parking
Garage Parking
Unassigned Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Unknown
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,400
  • Total Building Area: 2,808
  • Gross Building Area: 2,808
  • Building Area: 2,808
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,808
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELECTRIC LOOP
  • Land Acres: 0.101
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT: 00011 BLK: AR: 0040 PAGE: 3386

Ownership

  • Current Owner : OPTIMUM VIGOR DEV 7864 BANCROFT LLC
  • Previous Owner : VELMURUGAN SATHEESH
  • Owner Before Previous Owner: NGUYEN HUNG
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Oakland Unified School District
  • Census Tract: 408400

Geography

  • Assessors Map Reference: 15-A4
  • Parcel: 40-3386-11
  • Block: 3
  • Lot: 15-17
  • Municipality: CITY OF OAKLAND
  • Latitude: 37.7628
  • Longitude: -122.173

    Address

  • Full Address: 7864 Bancroft Ave
  • Address - House Number: 7864
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Oakland
  • Carrier Code: C008
  • 4-Digit Zip Code: 3210
  • Zip Code: 94605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,337
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 17-001

    Appraisal Valuation

  • Standard Deviation: 0.2146
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 70
  • Final Value: 838,895
  • High Value: 1,018,963
  • Low Value: 658,827

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $810,900
  • Assessed Land Value: $243,270
  • Assessed Improvements Value: $567,630

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11834437458
  • Current Sale Price: $795,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021165905
  • Previous Sale Recording Date: Oct 19, 2012
  • Previous Sale Contract Date: Oct 09, 2012
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MANCINI PROPERTIES III LLC
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $795,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 19, 2012
  • Previous Mortgage Loan Amount: $201,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2042

About Elmhurst



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,650 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,429 ft²
Listing by The Vinnie Lin Homes Team

Frequently Asked Questions

What neighborhood is 7864 Bancroft Avenue located in?
The 7864 Bancroft Avenue is a multifamily located in the neighborhood of Eastmont in Elmhurst, Oakland.
What is the average sales price for listings in 7864 Bancroft Avenue?
The average sales price for units in 7864 Bancroft Avenue is $725,000 , or $258/sqft. currently.

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