tomo logo

$399,000

Beds
2
Baths
1.0
sq ft
815

1058 71st Ave, Oakland, CA 94621

1058 71st Ave

Oakland, CA 94621

  • 132 days on market
    • Price drop $20,000↓
Assume the FHA loan tied to this property, the buyer would need to bring CASH TO LOAN to assume this loan. Additionally, there's the possibility that the seller may carry a small second. This assumable loan comes with a fixed interest rate of 3.25%, offering favorable financing terms. Combined with features like off-street parking and proximity to the Coliseum BART Station, this 2-bedroom, 1-bathroom home caters to the needs of small families or individuals seeking affordability and convenience in their housing choice.

Details

Property type

Single Family Residence

Est. home value

$432,699

Lot size

2,500 sq ft

Price per sq ft

$490

Year built

1947

Price History

05/09/2024
BridgeMLS

BridgeMLS #41050522

Price change
$399,000
-4.77%
04/19/2024
BridgeMLS

BridgeMLS #41050522

Price change
$419,000
-5.68%
03/20/2024
BridgeMLS

BridgeMLS #41050522

Price change
$444,220
-1.27%

Schools & Community

Neighborhood: 

Coliseum

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Oakland (510) 879-8111

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

$15,111
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$351,969
Cash to seller
$15,111

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

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

April 2021

Original loan amount

$377,563

Est. remaining balance

$351,969

Interest rate

3.05%

Loan type

FHA, 30 year

Seller

Dianisha Kidd and Melody Jeanette Howard

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: 07/03/2024 at 8:50 AM

Listing updated: 06/20/2024 at 1:33 AM

Listed by: Kenneth Session, SESSION REAL ESTATE Phone #: (510) 290-7990

MLS: BridgeMLS #41050522

BridgeMLS logo

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