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848 Mead Avenue

848 Mead Avenue, Oakland, CA 94607
Property in McClymonds
Sold Jan 03, 2018
$6,950,000
$132,000 by Us Bank Na
Mortgage Due Apr 01, 2043
Sold Dec 16, 2009
$167,000
$133,600 by Flagstar Bank Fsb
Mortgage Due Jan 01, 2040
848 Mead Avenue in Oakland, CA was first built in 1905 and is 119 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 duplex style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 848 Mead Avenue has 2,504 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 2,250 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. 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, 848 Mead Avenue sold most recently in Dec 18, 2017 for a total of $6,950,000. If you work out the math, that's approximately a cost of $2,775.56 per sqft. Before that, the property was also sold for $167,000 in Nov 2, 2009. 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 $4,864 in taxes each year. 848 Mead Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $203,121. If we break it down further, the land itself was valued at $60,936. Improvements to the property, however, were assessed at a total of $142,185. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,250
  • Total Building Area: 2,504
  • Gross Building Area: 2,504
  • Building Area: 2,504
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,504
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEAD PARK
  • Land Acres: 0.052
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT: 00012 BLK: AR: 0003 PAGE: 0007

Ownership

  • Current Owner : CG WOOD ALTA 601 LLC
  • Previous Owner : JAKON INVESTMENT GROUP LP
  • Owner Before Previous Owner: AURORA LOAN SERVICES LLC
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Oakland Unified School District
  • Census Tract: 401600

Geography

  • Assessors Map Reference: 9-A2
  • Parcel: Jul 12, 2003
  • Lot: 16
  • Municipality: CITY OF OAKLAND
  • Latitude: 37.8164
  • Longitude: -122.277

    Address

  • Full Address: 848 Mead Ave
  • Address - House Number: 848
  • Address - Street Name: Mead
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Oakland
  • Carrier Code: C005
  • 4-Digit Zip Code: 3444
  • Zip Code: 94607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,864
  • Tax Rate Code Area: 17-046

    Appraisal Valuation

  • Standard Deviation: 0.2305
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 68
  • Final Value: 767,704
  • High Value: 944,668
  • Low Value: 590,739

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $216,600
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Mar 20, 2013
  • First Open Lien Mortgage Loan Amount: $132,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2043
  • Second Open Lien Mortgage Lender: UNION BANK NA
  • Second Open Lien Mortgage Recording Date: May 28, 2014
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $84,600
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $203,121
  • Assessed Land Value: $60,936
  • Assessed Improvements Value: $142,185

    Sales

  • Current Sale Contract Date: Dec 18, 2017
  • Current Sale Recording Date: Jan 03, 2018
  • Current Sale Transaction ID: 11362228597
  • Current Sale Price: $6,950,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2018001524
  • Previous Sale Recording Date: Dec 16, 2009
  • Previous Sale Contract Date: Nov 02, 2009
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF THE WEST
  • First Mortgage Transaction Date: Jan 03, 2018
  • First Mortgage Loan Amount: $35,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Dec 16, 2009
  • Previous Mortgage Loan Amount: $133,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2040

About West Oakland



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Frequently Asked Questions

What neighborhood is 848 Mead Avenue located in?
The 848 Mead Avenue is a located in the neighborhood of McClymonds in West Oakland, Oakland.
What is the average sales price for listings in 848 Mead Avenue?
The average sales price for units in 848 Mead Avenue is $0 currently.

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