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2340 Martin Luther King Jr Way

2340 Martin Luther King Jr Way, Berkeley, CA 94704
Property in Central Berkeley
Sold Apr 21, 2015
$965,000
$625,500 by Land Home Financial Services I
Mortgage Due May 01, 2045
Sold Jun 26, 2014
$515,000
$438,000 by Galloway Financial Llc
Mortgage Due Mar 01, 2015
2340 Martin Luther King Jr Way in Berkeley, CA was first built in 1913 and is 111 years old. Although, the building on the property was most recently renovated and altered in 1945. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2340 Martin Luther King Jr Way has 1,629 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 3,510 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. 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, 2340 Martin Luther King Jr Way sold most recently in Apr 9, 2015 for a total of $965,000. If you work out the math, that's approximately a cost of $592.39 per sqft. Before that, the property was also sold for $515,000 in Jun 17, 2014. 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 $15,737 in taxes each year. The initial year of tax delinquency occurred in 2021. 2340 Martin Luther King Jr Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,085,861. If we break it down further, the land itself was valued at $327,858. Improvements to the property, however, were assessed at a total of $765,003. 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: 1913
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,510
  • Total Building Area: 1,629
  • Building Area: 1,629
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,629
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCGEE
  • Land Acres: 0.081
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 00008 BLK: AR: 0055 PAGE: 1901

Ownership

  • Current Owner : LIGHTNER MARK F
  • Current Owner 2: LIGHTNER AMY A
  • Previous Owner : CAPITOL INVESTMENT & ACQUISITIONS INC
  • Owner Before Previous Owner: BUCHBINDER JOHN ERIC
  • Owner Before Previous Owner 2: BUCHBINDER GAIL V
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Berkeley Unified School District
  • Census Tract: 423000

Geography

  • Assessors Map Reference: 2-B7
  • Parcel: 55-1901-8
  • Block: 13
  • Lot: 11,12
  • Municipality: CITY OF BERKELEY
  • Latitude: 37.8654
  • Longitude: -122.273

    Address

  • Full Address: 2340 Martin Luther King Jr Way
  • Address - House Number: 2340
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Berkeley
  • Carrier Code: C028
  • 4-Digit Zip Code: 1412
  • Zip Code: 94704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,737
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 13-000

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 1,520,191
  • High Value: 1,785,295
  • Low Value: 1,255,086

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $772,000
  • First Open Lien Mortgage Lender: LAND HOME FINANCIAL SERVICES I
  • First Open Lien Mortgage Recording Date: Apr 21, 2015
  • First Open Lien Mortgage Loan Amount: $625,500
  • 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: May 01, 2045
  • Second Open Lien Mortgage Lender: TCF NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Apr 21, 2015
  • Second Open Lien Mortgage Loan Amount: $146,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: May 01, 2045

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,085,861
  • Assessed Land Value: $327,858
  • Assessed Improvements Value: $765,003

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 09, 2015
  • Current Sale Recording Date: Apr 21, 2015
  • Current Sale Transaction ID: 1220854950
  • Current Sale Price: $965,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2015103018
  • Previous Sale Recording Date: Jun 26, 2014
  • Previous Sale Contract Date: Jun 17, 2014
  • Previous Sale Amount: $515,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAND HOME FINANCIAL SERVICES I
  • First Mortgage Transaction Date: Apr 21, 2015
  • First Mortgage Loan Amount: $625,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: GALLOWAY FINANCIAL LLC
  • Previous Mortgage Transaction Date: Jun 26, 2014
  • Previous Mortgage Loan Amount: $438,000
  • Previous Mortgage Term: 8
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2015

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Frequently Asked Questions

What neighborhood is 2340 Martin Luther King Jr Way located in?
The 2340 Martin Luther King Jr Way is a located in the neighborhood of Central Berkeley in Central Berkeley, Berkeley.
What is the average sales price for listings in 2340 Martin Luther King Jr Way?
The average sales price for units in 2340 Martin Luther King Jr Way is $0 currently.

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