Home for Sale at 1046 Amito Dr, Berkeley, CA 94705

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1046 Amito Dr
Berkeley, CA 94705

Claudia Mills with KW Advisors East Bay, original listing - (510) 775-1079

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Property Details

List Price:	$2,475,000
Beds:	4
Baths:	Full: 4
Status:	Active
SqFt:	2951 Square Feet
Agency:	KW Advisors East Bay
Agency Phone:	(510) 775-1079

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1995
Notes:	Nestled in the picturesque Berkeley Hills, this exquisite residence blends modern sophistication with classic architectural lines. Bathed in natural light, the home features vaulted wood ceilings and Venetian plaster walls. Multiple balconies offer panoramic views from the rolling hills to downtown Oakland. The heart of the home is an open-plan living, kitchen, and dining area, anchored by a double-sided fireplace. French doors open to a private back deck and a serene front garden—ideal for alfresco dining. The main level also includes an ensuite bedroom and garage access for easy, level-in living. Upstairs, a luxurious ensuite bedroom features a private balcony and overlooks the main living area. Down a flight of stairs is the primary level, featuring a spacious bedroom, a connecting fourth bedroom, a well-appointed bathroom, a laundry room, and versatile workshop/storage area. On the lowest level is the newly created guest space with a quartz kitchenette, steam shower, built-in Murphy bed, and bi-fold doors opening to the deck. Outdoor spaces include a multi-level deck with a hot tub, cold plunge, and play area. Ideally located near scenic trails, Elmwood’s shops and dining, and the iconic Claremont Hotel, this Berkeley Hills gem offers style, comfort, and convenience.
MlsNumber:	--
ListingId:	41089173

Listing Provided By:	KW Advisors East Bay, original listing
Phone:	(510) 775-1079
Office Phone:	(510) 775-1079
Agent Name:	Claudia Mills
Disclaimer:	Copyright © 2025 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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