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$2,650,000

Beds
4
Baths
3.0
sq ft
2,970

110 Gravatt Dr, Berkeley, CA 94705

110 Gravatt Dr

Berkeley, CA 94705

  • 28 days on market
This stunning residence by noted Berkeley architect Geoff Holton is set on a rare ¾-acre hillside lot, offering breathtaking Bay & cityscape views. Built in 2004 with sustainable materials, the home blends seamlessly with its picturesque surroundings. A resort-style entry leads to the main door, grand deck & a separate studio entrance. The nearly 3,000 SF interior showcases a Scandinavian modernist flair, featuring warm wood & tile complemented by metallic accents. Expansive full-height windows & vaulted ceilings create an airy atmosphere, enhancing the indoor-outdoor connection. The spacious great room includes a cozy fireplace and a deck with stunning bay views. The gourmet kitchen is a culinary dream, featuring a one-piece wood breakfast bar, a sunny nook, and high-end appliances, including a Viking Pro range. The luxurious primary suite boasts a private deck, walk-in closet, & Jacuzzi, plus a bonus room ideal for a gym or den. The lower level offers a media room, guest wing, & laundry area, along with a tranquil zen hot tub overlooking the Bay - perfect for relaxation. Conveniently located just minutes from Berkeley's vibrant culture, with easy access to San Francisco, this property also offers potential for subdivision, an ADU, or a 2nd home. Berkeley postal, Oakland legal.

Details

Property type

Single Family Residence

Est. home value

$2,860,311

Lot size

0.75 acres

Price per sq ft

$893

Year built

2004

HOA

No

Price History

10/25/2024
BridgeMLS

BridgeMLS #41077392

Listed
$2,650,000
-2.75%
09/22/2021
BridgeMLS

BridgeMLS #40959112

Sold
$2,725,000

Schools & Community

Neighborhood: 

Claremont

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$1,673,577
Asking price
$2,650,000
Closing costs (~8% of asking)
-$212,000
Est. remaining loan balance
-$764,423
Cash to seller
$1,673,577

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

September 2021

Original loan amount

$822,375

Est. remaining balance

$764,423

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Martin N Lipton and Jeannie Oakes Lipton

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: 11/21/2024 at 9:25 PM

Listing updated: 11/04/2024 at 3:20 PM

Listed by: Daniel Stea, Stea Realty Group Phone #: (510) 843-6400

MLS: BridgeMLS #41077392

BridgeMLS logo

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