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$591,146Estimated home value

Beds
3
Baths
1.5
sq ft
1,250

1202 51st Ave, Oakland, CA 94601

1202 51st Ave

Oakland, CA 94601

  • Sold On 8/3/2023
    • Price drop $9,000↓
Attention cash buyers, this one may be for you! Great investment opportunity. This cute house has nice curb appeal and offers 3 bedrooms and 1.5 baths. The house shows well, but has no heat source. Price reflects that an all cash purchase may be the only option. Good floor plan, large kitchen and a large attic space with third bedroom and ample space for sitting area and storage.

Details

Property type

Single Family Residence

Est. home value

$591,146

Lot size

1,988 sq ft

Price per sq ft

$288

Year built

1912

Price History

11/01/2024
BridgeMLS

BridgeMLS #41065906

Removed
$540,000
09/19/2024
BridgeMLS

BridgeMLS #41065906

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

BridgeMLS #41065906

Listed
$547,500
-0.45%

Schools & Community

Neighborhood: 

Melrose

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

$314,725
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$16,475
Cash to seller
$314,725

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

$16,475

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?

Similar Homes Nearby

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BridgeMLS
$499,000
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Status: Off Market

Tomo last checked: 11/05/2024 at 4:00 PM

Listing updated: 09/09/2024 at 12:25 PM

Listed by: Kim Cleghorn, KW Advisors East Bay Phone #: (510) 304-4875

MLS: BridgeMLS #41032070

BridgeMLS logo

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