tomo logo

$600,000

Beds
2
Baths
2.0
sq ft
1,429

1 Baldwin Ave Unit 517, San Mateo, CA 94401

1 Baldwin Ave Unit 517

San Mateo, CA 94401

  • 785 days on market
    • Price drop $25,000↓
Luxury retirement community, CCRC, must be over 60; independent living, Buyers must be approved medically and financially. Condo is on the 5th floor, has a lovely deck, updated kitchen and bath. Many amenities are included with monthly fee: housekeeping, meals at 2 restaurants in the community, health and wellness, fitness classes, some transportation, recreation activities, bocce ball court, indoor pool, maintenance of appliances, and art shows, trips to the city ...so much more!.

Details

Property type

Condominium

Est. home value

$771,558

Lot size

1.9817 acres

Price per sq ft

$420

Year built

1988

Monthly HOA fee

$6,439

Price History

09/06/2024
BridgeMLS

BridgeMLS #ML81890463

Price change
$600,000
-4%
08/23/2024
BridgeMLS

BridgeMLS #ML81890463

Removed
$625,000
01/29/2024
BridgeMLS

BridgeMLS #ML81890463

Listed
$625,000

Schools & Community

Neighborhood: 

Central Business District

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Mateo Union High

Senior community center: 

Yes

Number of units in community: 

207

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bay Area Senior Services Inc

Loan start date

October 2010

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

4.35%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Kenneth Colvin and Thelma Colvin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 9:10 AM

Listing updated: 10/24/2024 at 5:15 AM

Listed by: Scott Withrow, Bay Area Senior Services Phone #: (650) 425-4237

MLS: BridgeMLS #ML81890463

BridgeMLS logo

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