tomo logo

$999,999

Beds
4
Baths
3.0
sq ft
2,889

1100 12th St, Oakland, CA 94607

1100 12th St

Oakland, CA 94607

  • 1 day on market
    • Open house Sep 28
Welcome to this spacious and versatile 4-bedroom, 3-bathroom home nestled in West Oakland. Situated on an XXL LOT spanning nearly 15,000 sq ft, this property presents a unique opportunity for development or to be sold separate in the future. The potential of this space is infinite, with ample space for possible subdivision and the creation of multi-unit dwellings, or the addition of ADUs. Imagine the possibilities—all within close proximity to downtown Oakland, Lake Merritt, Alameda, and the bustling cityscape of San Francisco. Upon entering the home, you are greeted by the warmth of two fireplaces, enhancing both the formal living room and dining room, ideal for gatherings and entertaining guests. The main level also boasts a convenient bedroom and full bathroom, offering flexibility & accessibility. Ascend the stairs to discover three well-appointed bedrooms, including an XL primary suite complete with a dual sinks and a luxurious jacuzzi tub. With its strategic location near major urban centers and its vast potential for development, this property presents the opportunity to craft the lifestyle of your dreams in the heart of West Oakland. Don't miss your chance to make this home your own and capitalize on its promising future.

Details

Property type

Single Family Residence

Est. home value

$1,082,315

Lot size

0.34 acres

Price per sq ft

$347

Year built

1984

Price History

09/26/2024
BridgeMLS

BridgeMLS #41074405

Listed
$999,999
+0.1%
08/16/2024
BridgeMLS

BridgeMLS #41059924

Removed
$999,000
07/19/2024
BridgeMLS

BridgeMLS #41059924

Listed
$999,000

Schools & Community

Neighborhood: 

Oak Center

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

$451,255
Asking price
$999,999
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$468,744
Cash to seller
$451,255

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

July 2021

Original loan amount

$515,000

Est. remaining balance

$468,744

Interest rate

2.95%

Loan type

New Conventional, 25 year

Seller

Elijah Hawkins and Dorothy Whitehead Living Trust

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: 09/27/2024 at 5:30 PM

Listing updated: 09/25/2024 at 6:42 PM

Listed by: Alma Wallace, eXp Realty of California Phone #: (510) 599-6003

MLS: BridgeMLS #41074405

BridgeMLS logo

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