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

home-pic
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
-
HOA
$400
Days on market
-
Sold On
-
MLS number
41115508
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 (40 Listings)
Beds23
29%
Baths22
50%
Square foot1,1541,559
22%
Lot Size2,6004,637
12%
Price$995K$1.33M
20%
Price per square foot$862$834
51%
Built year19251920
76%
HOA$400
0%
Days on market14121
2%
Condition Rating
Excellent

This property is explicitly described as 'new construction' and a 'brand new TIC home,' despite the original 1925 build year of the parcel. The images confirm a completely modern and pristine interior and exterior. The kitchen features new, dark flat-panel cabinetry, white countertops, subway tile backsplash, and modern stainless steel appliances. The bathrooms showcase contemporary tiling, fixtures, and walk-in showers. High-quality hardwood flooring is present throughout, and the property includes modern energy-efficient systems like mini-split heat pumps for heating and AC, and owned solar. All components appear new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Design: A brand new TIC home by New Avenue Homes, offering modern comfort, smart use of space, high-quality finishes, and abundant natural light for a move-in-ready experience.
Exceptional Energy Efficiency: Designed with sustainability in mind, featuring a mini-split heat pump for heating and AC, and owned solar panels, which significantly reduce utility costs and environmental impact.
Prime Central Berkeley Location: Situated in a highly desirable Central Berkeley neighborhood, providing immediate walkability to cafes, a corner market, restaurants, and famed produce markets.
Superior Transit Accessibility: Conveniently located just over a mile from BART and with the Transbay Express bus on Sacramento Avenue, ensuring effortless commutes and excellent connectivity.
Flexible Floor Plan: The upstairs features a flexible open office space that can be easily enclosed to create a third bedroom, adapting to evolving lifestyle needs and increasing utility.

Cons

Tenancy-in-Common (TIC) Structure: The property is a TIC, which can present unique financing challenges and shared ownership complexities compared to traditional condominium or single-family home ownership, despite the promise of future condo conversion via AB 1033.
Ongoing Association Fees: An association fee of $400.00 per month adds to the ongoing cost of ownership, which is a significant recurring expense for buyers to consider.
Compact Private Outdoor Space: While offering a private deck and yard area, the overall lot size of 2600 sqft, shared among three units, suggests limited private outdoor space compared to a detached single-family home.

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