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1516 Blake St, Berkeley, California 94703, Berkeley, 94703 - 2 bed, 2 bath

1516 Blake St, Berkeley, California 94703 home-pic-0
ACTIVE$995,000
1516 Blake St, Berkeley, California 94703
2Beds
2Baths
1,154Sqft
2,600Lot
Year Built
1925
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$862
HOA
$400
Days on market
-
Sold On
-
MLS number
41115508
Home ConditionExcellent
Features
Deck
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $995.0K(18th), sqft - 1154(26th), beds - 2(29th), baths - 2(50th).

Beautiful design meets energy efficient new construction in a wonderful Central Berkeley location! A brand new TIC home by New Avenue Homes, this thoughtfully designed 2+ bedroom, 2 bath home offers modern comfort & smart use of space across 1,154 sq. ft. The open-concept living, dining & kitchen areas open to a private deck & yard area and feature high quality finishes & abundant natural light. The staircase adds a sense of drama, and the flexible open office space upstairs can be enclosed to create a third bedroom. Designed w/ sustainability in mind, the home includes a mini split heat pump heat & AC system & owned solar. Part of a well-conceived 3-unit TIC property, it offers a sense of community while maintaining privacy. Enjoy easy access to cafes, a corner market, and restaurants less than a block away. Famed and favorite produce markets nearby, and BART is just over a mile away for an effortless commute. The Transbay Express bus on Sacramento Avenue adds even more convenience. A rare opportunity to own a newly built, move-in-ready home in one of Berkeley’s most central & transit-friendly neighborhoods! Competitive financing is available, and AB 1033 offers the promise of selling the unit as a condominium in the future.

Price History

Date
Event
Price
10/22/25
Listing
$995,000
Condition Rating
Excellent
This property is explicitly described as 'new construction' and 'newly built' by New Avenue Homes, featuring modern comfort and high-quality finishes. The images confirm this, showcasing a pristine, contemporary design throughout. The kitchen boasts new dark flat-panel cabinetry, white countertops, subway tile backsplash, and new stainless steel appliances including a modern refrigerator, range, and dishwasher. Bathrooms feature stylish dark subway tile showers with hexagonal floor tiles and modern black fixtures. The home also includes energy-efficient mini-split heat pump for heating/AC and owned solar. All components are new, meeting current quality standards with no visible depreciation.
Pros & Cons

Pros

Prime Central Berkeley Location: The property boasts an excellent Central Berkeley location, offering easy access to cafes, a corner market, restaurants, and produce markets. It's also conveniently located just over a mile from BART and near the Transbay Express bus for effortless commuting.
New Construction & Energy Efficiency: This is a brand new, energy-efficient TIC home featuring modern amenities such as a mini-split heat pump for heating and AC, and owned solar panels, contributing to lower utility costs and a move-in ready experience.
Modern Design & Flexible Layout: Thoughtfully designed with modern comfort in mind, the home offers an open-concept living, dining, and kitchen area with high-quality finishes and abundant natural light. The flexible upstairs office space can also be enclosed to create a third bedroom.
Private Outdoor Space: The unit includes a private deck and yard area, providing valuable outdoor living space for relaxation and entertaining, a desirable feature in urban settings.
Future Condo Conversion Potential: A significant advantage for a Tenancy in Common (TIC) property, AB 1033 offers the promise of converting the unit into a condominium in the future, potentially simplifying financing and increasing market appeal.

Cons

TIC Ownership Structure: Despite the future condo conversion potential, the property is currently a Tenancy in Common (TIC), which can involve more complex financing, shared decision-making among co-owners, and potential for disagreements compared to traditional ownership.
Monthly Association Fee: The property incurs a monthly association fee of $400, which is an additional recurring cost that impacts the overall affordability and monthly budget for the homeowner.
Limited Individual Lot Control: As part of a multi-unit TIC, the individual unit does not come with its own separate land parcel, limiting individual control over the overall property and potential for expansion, despite having a private yard area.

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