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6720 Banning Drive

6720 Banning Drive, Oakland, CA 94611
Property in Shepherd Canyon
Sold Nov 01, 2021
$1,235,000
$864,500 by Caliber Home Loans Inc
Mortgage Due Nov 01, 2051
Sold Jul 17, 1997
$309,500
$109,500 by Bank Of America National Tr &
Mortgage Due Aug 01, 2027
6720 Banning Drive has been categorized by the local assessors in Oakland, CA as a residential type of property. The building on the property was first built in 1965 and is 59 years old. However, we must point out that the home was most recently renovated and altered in 1966. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 6720 Banning Drive has 1,482 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,642 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 6720 Banning Drive was last sold in Oct 28, 2021 for $1,235,000. According to our calculations, that's $833.33 per sqft. Prior to that sales transaction, the property was sold for $309,500 in Jul 15, 1997. Current property owners are expected to pay $18,657 in taxes per year. The property on 6720 Banning Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,228,000. To break that down further, the land itself was valued at $370,500. While improvements to the property were assessed at a total of $864,500. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Other
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,642
  • Total Building Area: 1,482
  • Building Area: 1,482
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,482
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FORESTLAND MANOR
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: LOT: 00034 BLK: AR: 048D PAGE: 7306

Ownership

  • Current Owner : MCELROY PATRICK
  • Current Owner 2: LYONS VICKI
  • Previous Owner : STONE FRANK H
  • Previous Owner 2: STONE BARBARA ANN
  • Owner Before Previous Owner: WYMOND WOOD H
  • Owner Before Previous Owner 2: WYMOND JOYCE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Oakland Unified School District
  • Census Tract: 404600

Geography

  • Assessors Map Reference: 6-E7
  • Parcel: 48D-7306-34
  • Lot: 2525
  • Municipality: CITY OF OAKLAND
  • Latitude: 37.8317
  • Longitude: -122.191

    Address

  • Full Address: 6720 Banning Dr
  • Address - House Number: 6720
  • Address - Street Name: Banning
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Oakland
  • Carrier Code: C022
  • 4-Digit Zip Code: 1561
  • Zip Code: 94611

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,657
  • Tax Rate Code Area: 17-001

    Appraisal Valuation

  • Standard Deviation: 0.2151
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 70
  • Final Value: 1,332,580
  • High Value: 1,619,334
  • Low Value: 1,045,827

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $864,500
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Nov 01, 2021
  • First Open Lien Mortgage Loan Amount: $864,500
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,228,000
  • Assessed Land Value: $370,500
  • Assessed Improvements Value: $864,500

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Nov 01, 2021
  • Current Sale Transaction ID: 11865976484
  • Current Sale Price: $1,235,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021359006
  • Previous Sale Recording Date: Jul 17, 1997
  • Previous Sale Contract Date: Jul 15, 1997
  • Previous Sale Amount: $309,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Nov 01, 2021
  • First Mortgage Loan Amount: $864,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NATIONAL TR &
  • Previous Mortgage Transaction Date: Jul 17, 1997
  • Previous Mortgage Loan Amount: $109,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2027

About North Hills



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 6720 Banning Drive located in?
The 6720 Banning Drive is a located in the neighborhood of Shepherd Canyon in North Hills, Oakland.
What is the average sales price for listings in 6720 Banning Drive?
The average sales price for units in 6720 Banning Drive is $0 currently.

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