2 months on rocket

1009 Madison St, Oakland, CA, 94607

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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1009 Madison St, Oakland$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1870
HeatingWall Furnace
CoolingNone
MLS #41050856
Lot Size0.09 Acres
StatusActive

About 1009 Madison St

Beautiful Italianate consisting of 8 units just blocks to Lake Merritt and downtown Oakland. This 3 story structure was originally built in 1870 and shares characteristics similar to many Bay Area grand residences of that period, flat roof with angled , overhanging eaves and cornices decorated with many brackets, 8’ tall narrow windows on the 1st floor, windows with decorative hoods, corners of the building that have quoins extending from the ground to the roof, ornate balconies that provide a distinct break in the horizontal line of the primarily rectangular design. Starting in 2002 the building went through major renovations to address existing California Building Codes. Due to the major renovations, the building has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance which offers immediate upside potential. The property features a grand entry, high ceilings ranging from 11-13 feet. The property has 6 off-street parking spaces, a beautiful garden area for the residents to enjoy, a partial basement which offers great storage or a possible workshop. There’s a shared laundry room and a separate laundry area for an owners unit. Pride of ownership is evident throughout.

Property Details

Property Features

Property Information:

  • Year Built: 1870

Listing Office:

  • Office Name: Western Management Properties, Inc
  • Office Phone: (510) 451-7197
  • Listing Agent: Bruce Chambers

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Dryer, Washer

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Oakland Technical High School, Public District Grades 9-12
  • Westlake Middle School, Public District Grades 6-8
  • Lincoln Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 10th Street to Madison Cross Street: 10th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $23,062
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$871K

Med. Price/SqFt

$608

Avg. Days On Market

26

# of Sold Homes

211

1009 Madison St vs Oakland

68 DAYS ON ROCKET

+42 Days

$2,500,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41050856

Listing Office:

  • Office Name: Western Management Properties, Inc
  • Office Phone: (510) 451-7197
  • Listing Agent: Bruce Chambers

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 2:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$23,062$1,379,569
2020$23,061$1,365,426
2019$21,278$1,338,660
2018$20,243$1,312,418
2017$20,243$1,286,692

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4501258
8
/10

  • Lincoln Elementary School

  • 225 11th St

  • 0.08 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4501259
3
/10

  • Westlake Middle School

  • 2629 Harrison St

  • 1.10 miles

  • Public District Grades 6-8

High School

school-card-donut-4501260
6
/10

  • Oakland Technical High School

  • 4351 Broadway

  • 2.38 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,429. Residents of Oakland, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1009 Madison St

What is the listing price of this property?

The listing price of 1009 Madison St property is $2,500,000.

What type of property is this?

The property 1009 Madison St is a house located in Oakland, California, 94607.

Is this property for sale now?

Active Listing: 1009 Madison St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1009 Madison St are:
Lincoln Elementary School: GreatSchools Rating 8/10
Westlake Middle School: GreatSchools Rating 3/10
Oakland Technical High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $23,062 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 1009 Madison St is 1870.

Rocket Homes›California›Alameda County›Oakland›94607›1009 Madison St

This home is located at 1009 Madison St in Oakland, CA and zip code 94607 in the Chinatown neighborhood. This home, which was built in 1870, sits on a 0.09 acre lot. It has been listed on Rocket Homes since February 24, 2024 and is currently priced at $2,500,000.

While more than 143 listings in Oakland, CA in April 2024 were sold above asking price, there were more than 22 listings sold at asking price, and more than 30 were sold below. The number of listings in Oakland, CA increased by 22.9% between March 2024 and April 2024. In April 2024 median list price was $871,010 and the average listing age was 26 days.

From Rocket Homes Real Estate and based on county public records data.

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