tomo logo

$699,000

Beds
3
Baths
2.0
sq ft
1,698

10229 Redwood Dr, Felton, CA 95018

10229 Redwood Dr

Felton, CA 95018

  • 45 days on market
100% financing available through USDA loans! Nestled among the towering redwoods, this serene home offers a unique income opportunity with three separate units spread across over an acre of land. The main house features two bedrooms, one bathroom, and a spacious living room with a cozy wood-burning stove. Step out to the front deck and enjoy your morning coffee while surrounded by the beautiful natural scenery. The kitchen has been upgraded with stainless steel appliances and granite countertops, and luxury vinyl tile flooring runs throughout the home. Downstairs, a separate "in-law" studio unit provides additional living space, with a bathroom and kitchen cabinets with sink, as well as a private deck off the living area. The lower portion of the property houses a separate two-story unit, offering one bedroom, one bathroom, and a well-appointed living area and kitchen upstairs, along with a bedroom, laundry hookups, and additional storage downstairs. This property truly offers the best of both worlds, providing a peaceful, private retreat just five miles from the nearest grocery store and less than two miles from the shores of Loch Lomond, where you can enjoy kayaking, paddle boating, fishing, or simply take a leisurely stroll around the lake.

Details

Property type

Single Family Residence

Est. home value

$743,818

Lot size

1.091 acres

Price per sq ft

$412

Year built

1931

HOA

No

Price History

09/23/2024
BridgeMLS

BridgeMLS #ML81981324

Listed
$699,000
+48.41%
10/31/2019
MLSL

MLSL #ML81733343

Sold
$471,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Lorenzo Valley Unified

Negotiation Insights

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

Seller could get up to

$298,487
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$344,593
Cash to seller
$298,487

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

June 2020

Original loan amount

$379,800

Est. remaining balance

$344,593

Interest rate

3.31%

Loan type

New Conventional, 30 year

Seller

Justin Booth and Marceen Cress

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?

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Status: Active

Tomo last checked: 11/08/2024 at 12:55 PM

Listing updated: 11/05/2024 at 4:35 AM

Listed by: Jeri Skipper, eXp Realty of California Inc Phone #: (831) 818-0299

MLS: BridgeMLS #ML81981324

BridgeMLS logo

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