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$540,000

Beds
3
Baths
2.0
sq ft
1,250

1202 51st Ave, Oakland, CA 94601

1202 51st Ave

Oakland, CA 94601

  • 70 days on market
    • Price drop $7,500↓
An excellent starter home for a first time buyer.This3bd/2ba East Oakland home home has been extensively remodeled, upgraded and updated. New laminate flooring, plumbing, electric with LED lighting, roof, central heating, and much more. The dining area and kitchen flow in an open architecture style. The kitchen has a refrigerator, new cabinets, new stone counter tops and stainless sink. Both bathrooms have been completely remodeled with full-sized showers. There is a laundry room for washer and gas dryer. The property has a large functional attic. This is priced to sell.

Details

Property type

Single Family Residence

Est. home value

$591,146

Lot size

1,988 sq ft

Price per sq ft

$432

Year built

1912

Price History

09/19/2024
BridgeMLS

BridgeMLS #41065906

Price change
$540,000
-1.37%
07/10/2024
BridgeMLS

BridgeMLS #41065906

Listed
$547,500
-0.45%
05/26/2024
BridgeMLS

BridgeMLS #41049261

Removed
$550,000

Schools & Community

Neighborhood: 

Melrose

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

$479,959
Asking price
$540,000
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$16,841
Cash to seller
$479,959

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

Seller’s Loan History

Lender

Aames Home Loans

Loan start date

August 2000

Original loan amount

$40,000

Est. remaining balance

$16,841

Interest rate

8.09%

Loan type

Not Provided, 30 year

Seller

Thomas Lee Cole and Machel J Cole

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: 09/18/2024 at 7:10 PM

Listing updated: 09/18/2024 at 5:51 PM

Listed by: Howard Kees, Kees Realty, Inc. Phone #: (510) 719-6223

MLS: BridgeMLS #41065906

BridgeMLS logo

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