9 months on rocket

3042 Martin Luther King Jr Way, Oakland, CA, 94609

$699,000

Home List Price

$8,301*

Closing Credit

3 Bedrooms
2 Full Baths
1,394 SqFt
$501/SqFt
Condo
Schools Nearby

Location

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3042 Martin Luther King Jr Way, Oakland$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street
Year BuiltNew Const., 1908
HeatingForced Air
CoolingNone
FireplaceNone
MLS #41032380
Lot Size0.12 Acres
StatusActive

About 3042 Martin Luther King Jr Way

Rare, Historic, new construction. Fire in 2020, complete rebuild by expert contractor Anthony Maramonte of Mara Construction. Foundation 5 yrs old. Building taken down to studs, except two barn doors from orig. 1908. Due to historic status, foot print and exterior. could not be altered. Bldg offered as 4 condos or single unit. All units 9 Ft ceilings, 3 Bd, 2 Ba, 1 tub, 1 shower 1341 SqFt, laminate Floors, both Elec & Gas installed, instance on demand hot water, central heat, 1 off street parking for each unit, Ct location backs to greenbelt & Hwy 24, 10 blocks to MacArthur BART, #18 bus stops at the front door, convenient to Hwy 580 & 880

Property Details

Property Features

Property Information:

  • Year Built: 1908
  • Living Area: 1,394 SqFt

Listing Office:

  • Office Name: Westland Real Estate
  • Office Phone: (510) 918-1420
  • Listing Agent: James Menasco

Interior Features

Interior Information:

  • Flooring Type: Laminate
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: 580 to 34 street to MLK Cross Street: 31st.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $501/SqFt

HOA Fees:

  • Amount: $130
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $4,724
  • 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

$866K

Med. Price/SqFt

$605

Avg. Days On Market

30

# of Sold Homes

206

3042 Martin Luther King Jr Way vs Oakland

295 DAYS ON ROCKET

+265 Days

$699,000

-$167K Less

$501/SqFt

-$104 Less

KEY TAKEAWAY

This property is $167K less than the Median Sold Price and $104/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41032380

Listing Office:

  • Office Name: Westland Real Estate
  • Office Phone: (510) 918-1420
  • Listing Agent: James Menasco

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: 4/28/2024, 9:25:18 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$4,724$33,615
2020$4,724$151,743
2019 - $148,768

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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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-2094860
2
/10

  • Hoover Elementary School

  • 890 Brockhurst St

  • 0.29 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2094861
3
/10

  • Westlake Middle School

  • 2629 Harrison St

  • 0.65 miles

  • Public District Grades 6-8

High School

school-card-donut-2094862
6
/10

  • Oakland Technical High School

  • 4351 Broadway

  • 1.21 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 $21,633. The majority of Oakland, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3042 Martin Luther King Jr Way

What is the listing price of this property?

The listing price of 3042 Martin Luther King Jr Way property is $699,000.

What type of property is this?

The property 3042 Martin Luther King Jr Way is a condo located in Oakland, California, 94609.

Is this property for sale now?

Active Listing: 3042 Martin Luther King Jr Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3042 Martin Luther King Jr Way are:
Hoover Elementary School: GreatSchools Rating 2/10
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 $4,724 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3042 Martin Luther King Jr Way has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 3042 Martin Luther King Jr Way is 1,394 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3042 Martin Luther King Jr Way is 1908.

Rocket Homes›California›Alameda County›Oakland›94609›3042 Martin Luther King Jr Way

This home is located at 3042 Martin Luther King Jr Way in Oakland, CA and zip code 94609 in the Hoover neighborhood. This 1,394 square foot home, which was built in 1908, sits on a 0.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 07, 2023 and is currently priced at $699,000.

In March 2024 more than 126 listings in Oakland, CA were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 40 were sold below. The inventory of homes for sale in Oakland, CA between February 2024 and March 2024 increased by 22.2%. The median list price of listings available in March 2024 was $866,006, while the average time on the real estate market was 30 days.

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

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