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

home-pic
ACTIVE$995,000
1516 Blake St A, Berkeley, California 94703
2Beds
2Baths
1,154Sqft
2,600Lot
Year Built
1925
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
-
HOA
$400
Days on market
-
Sold On
-
MLS number
41115546
Home ConditionExcellent
Features
Deck
View-

About this home

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
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (2 Listings)
Beds22
50%
Baths22
50%
Square foot1,1541,036
67%
Lot Size2,6005,300
33%
Price$995K$892K
67%
Price per square foot$862$862
50%
Built year19251925
50%
HOA$400$400
50%
Days on market1370
33%
Condition Rating
Excellent

This property is explicitly described as 'new construction' and a 'brand new TIC home,' despite the original 1925 build year. The images confirm a completely modern aesthetic with high-quality finishes throughout. The kitchen features new stainless steel appliances, contemporary dark flat-panel cabinetry, white quartz countertops, and a subway tile backsplash. The bathrooms are equally modern with stylish tiling, black fixtures, and new vanities. The home boasts energy-efficient systems like a mini-split heat pump for heating and AC, and owned solar, indicating all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Amenities: The property is a brand new, thoughtfully designed home featuring modern comfort, high-quality finishes, and abundant natural light, offering a move-in-ready experience.
Exceptional Central Berkeley Location: Situated in a highly desirable area, it provides unparalleled walkability to cafes, markets, restaurants, and excellent transit options including BART and Transbay Express bus for effortless commuting.
Advanced Energy Efficiency: Designed with sustainability in mind, the home includes a mini-split heat pump system for heating and AC, along with owned solar panels, significantly reducing utility costs and environmental impact.
Flexible Living Space: The layout includes a flexible open office space upstairs with the potential to be enclosed, easily converting into a third bedroom to adapt to evolving needs.
Future Condo Conversion Potential: The property benefits from AB 1033, offering a clear pathway for future conversion to a condominium, which can enhance long-term value and simplify ownership.

Cons

Tenancy In Common (TIC) Ownership: The property is currently a TIC, which can present complexities in financing and shared decision-making compared to traditional condominium or single-family home ownership.
Ongoing Association Fees: A monthly association fee of $400 is required, adding a recurring cost to homeownership that buyers must factor into their budget.
Limited Private Outdoor Space: While offering a private deck and yard area, the overall lot size for a 3-unit property suggests that individual private outdoor space for this unit is likely compact.

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