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1331 Martin Luther King Jr Way

1331 Martin Luther King Jr Way, Berkeley, CA 94709
Property in North Berkeley
Refi Mar 10, 2016
Transfer
$237,014 by Cardinal Financial Company Lp
Mortgage Due Apr 01, 2046
1331 Martin Luther King Jr Way in Berkeley, CA was first built in 1909 and is 115 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 style that we are currently unable to determine. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1331 Martin Luther King Jr Way has 2,948 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 6,750 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. 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. Tax-wise, the current owner is expected to pay close to $7,034 in taxes each year. 1331 Martin Luther King Jr Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $141,782. If we break it down further, the land itself was valued at $108,589. Improvements to the property, however, were assessed at a total of $40,193. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1909
  • Effective Year Built: 1909
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,750
  • Total Building Area: 2,948
  • Building Area: 2,948
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,948
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BERKELEY VILLA ASSOCIATION
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: LOT: 00023 BLK: AR: 0060 PAGE: 2448

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Berkeley Unified School District
  • Census Tract: 421700

Geography

  • Assessors Map Reference: 2-B5
  • Parcel: 60-2448-23
  • Block: 17
  • Lot: 7
  • Municipality: CITY OF BERKELEY
  • Latitude: 37.8822
  • Longitude: -122.274

    Address

  • Full Address: 1331 Martin Luther King Jr Way
  • Address - House Number: 1331
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Berkeley
  • Carrier Code: C041
  • 4-Digit Zip Code: 1912
  • Zip Code: 94709

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,034
  • Tax Rate Code Area: 13-000

    Appraisal Valuation

  • Standard Deviation: 0.2111
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 71
  • Final Value: 1,951,327
  • High Value: 2,363,358
  • Low Value: 1,539,296

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $237,014
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Mar 10, 2016
  • First Open Lien Mortgage Loan Amount: $237,014
  • 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, 2046

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $141,782
  • Assessed Land Value: $108,589
  • Assessed Improvements Value: $40,193

    Exemptions

  • Homeowner Exemption: Yes

About North Berkeley



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Frequently Asked Questions

What neighborhood is 1331 Martin Luther King Jr Way located in?
The 1331 Martin Luther King Jr Way is a located in the neighborhood of North Berkeley in North Berkeley, Berkeley.
What is the average sales price for listings in 1331 Martin Luther King Jr Way?
The average sales price for units in 1331 Martin Luther King Jr Way is $0 currently.

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