3615 Martin Luther King Jr Way Oakland, CA 94609

$1,385,000 Sold Price as of 05/05/2017

12 Beds
6 Baths
4,350 Sq.Ft.

Off Market

$1,385,000 Sold Price as of 05/05/2017 Refinance Your Mortgage

Map preview of 3615 Martin Luther King Jr Way, Oakland, CA 94609

Property Overview: 3615 Martin Luther King Jr Way Oakland, CA has 12 bedrooms, 6 bathrooms, 4,350 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3615 Martin Luther King Jr Way is currently an off market home in the city of Oakland. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Oakland has a median list price of $660,000. The median price per/sqft for Oakland is $522. With those numbers in mind, if you are looking to purchase a median priced home in Oakland, CA and put 20% down you will need to save up $132,000 for the down payment and will need roughly $13,200 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Oakland the commission could be as much as $40,600. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3615 Martin Luther King Jr Way

Last sold for $1,385,000 on May 5th, 2017

May, 2023
May 1, 2023

Date

Expired

CRMLS: 41011268

$1,695,000

Price
Oct 11, 2022

Date

Active

CRMLS: 41011268

$1,695,000

Price
Listing provided courtesy of CRMLS

www.3615mlk.com; Qualified Opportunity Zone; Six Remodeled & Occupied 2bd/1bth Units of Approximately 725 SF w/ in Unit W/D Hookups; Well Positioned North Oakland Location-Four Blocks from Macarthur BART; Fresh Paint, New Windows, Repaved Walkways, Security Gate, and Upgraded Electrical System; Separately Metered for PG&E, In-Unit Laundry, and Seven Off-Street Parking Stalls; 6.24% Current Cap & 11.21 Current GRM; Email Agent Via Website For a Complete Marketing Package.

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October, 2022
Oct 11, 2022

Date

Canceled

CRMLS: 41003080

$1,749,000

Price
Jul 26, 2022

Date

Active

CRMLS: 41003080

$1,749,000

Price
Listing provided courtesy of CRMLS

www.3615mlk.com; Qualified Opportunity Zone; Six Remodeled 2bd/1bth Units of Approximately 725 SF w/ in Unit W/D Hookups; Well Positioned North Oakland Location-Four Blocks from Macarthur BART; Fresh Paint, New Windows, Repaved Walkways, Security Gate, and Upgraded Electrical System; Separately Metered for PG&E, In-Unit Laundry, and Seven Off-Street Parking Stalls; 6.01% Current Cap & 11.57 Current GRM; Email Agent Via Website For a Complete Marketing Package.

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January, 2019
Jan 18, 2019

Date

Expired

CRMLS: 40635660

--

Price
Listing provided courtesy of CRMLS

Meticulously well maintained building comprised of all 2bd/1ba units rented at an average of $1,250/month and is currently 100% occupied. 5 of the 6 units are long term section 8 tenants (very low tenant turnover),building is securely gated, and has white vinyl windows.

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January, 2019
Jan 16, 2019

Date

Expired

CRMLS: 40766649

--

Price
Listing provided courtesy of CRMLS

Six 2 bed/1 bath unit apartment complex with ample on-site parking. Tenants enjoy the comfort and leisure of this well-located property. The 4,350 SF property was built in 1962 and has been well maintained by current ownership. Excellent opportunity to acquire a stable asset with great rental upside

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May, 2017
May 5, 2017

Date

Sold (Public Records)

Public Records

$1,385,000

Price
May, 2008
May 1, 2008

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 3615 Martin Luther King Jr Way

Assessed Value (2020): $1,469,353

Year	Land Value	Improved Value	Assessed Value
2020	$477,540	$991,813	$1,469,353

About 3615 Martin Luther King Jr Way

Detailed summary of property

3615 Martin Luther King Jr Way is categorized with a use code of Apartment House (5+ Units) in Oakland, CA 94609 and last sold on May 5, 2017 for $1,385,000. This property has 12 bedrooms, 6 bathrooms, roughly 4,350 living square feet, and sits on an approximately 6,250 square foot lot. Homes in Oakland are selling for a median price of $812,000 and a median price per square foot of $565. Based on Ardent Real Estate Group's Oakland Market Data, this home is sold 70.57% higher than the current median priced home. 3615 Martin Luther King Jr Way was last sold on May 5, 2017 for $1,385,000. Local nearby listings include 2322 Canyonback Rd, 2286 Canyonback Rd and 12540 The Vista. The average home in Oakland, CA is selling in 97 days. There are currently 1144 homes for sale in the Oakland real estate market and 848 of them are single family homes while 263 of them are condos and 29 are townhomes. If you are the homeowner and looking to sell the home at 3615 Martin Luther King Jr Way Oakland, CA 94609 contact Ardent Real Estate Group and we will put you in touch with one of our Oakland agents.

Public Facts for 3615 Martin Luther King Jr Way

Public county record property details

Beds: 12
Baths: 6
Year built: 1963
Sq. Ft.: 4,350
Lot Size: 6,250
Stories: 2

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Alameda
Lot#: 17
APN: 12-947-7

The source for these homes facts are from public records.

94609 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$875,000

Median List Price/Sq.Ft.

$603

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$802

Total Inventory

Median Sale to List Price %

100.22%

Avg Days on Market

Loan Type

Conventional (71.43%), FHA (0%), VA (0%), Cash (28.57%), Other (0%)

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