tomo logo

$599,000

Beds
2
Baths
2.0
sq ft
1,000

1401 Cottage St Unit A, Alameda, CA 94501

1401 Cottage St Unit A

Alameda, CA 94501

  • 9 days on market
Discover the charm of central Alameda with this inviting, move-in ready condo. This downstairs, corner unit features 2 bedrooms and 2 bathrooms across approximately 1000 square feet of living space. Unlike typical downstairs units, this one is flooded with natural light from windows on three sides. The entry has no steps, offering easy accessibility. The condo boasts a spacious and luminous layout, enhanced by dual-pane windows for comfort and efficiency. The large master suite and a second bedroom with convenient access to a shared bathroom offer ample living space. The newer kitchen is equipped with modern electric appliances, flowing seamlessly into a dining area with views of Cottage Avenue. Recent renovations include engineered hardwood flooring throughout, an updated bathroom, new interior paint, and an electric modern fireplace that adds warmth to the living area. A sliding door opens to a private patio, perfect for enjoying Alameda's sunny weather. Additional amenities include one covered parking spot with mini storage, on-site laundry, and the possibility of having a washer and dryer in-unit. This prime location is just blocks away from local shopping, cafes, restaurants, and Franklin Park, offering an ideal blend of comfort and convenience.

Details

Property type

Condominium

Est. home value

$683,943

Lot size

0.43 acres

Price per sq ft

$599

Year built

1970

Monthly HOA fee

$390

Price History

09/06/2024
BridgeMLS

BridgeMLS #41072247

Listed
$599,000
-12.43%
09/05/2024
BridgeMLS

BridgeMLS #41065123

Removed
$684,000
08/28/2024
BridgeMLS

BridgeMLS #41065123

Price change
$684,000
-0.73%

Schools & Community

Neighborhood: 

Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

12

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

$70,785
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$480,295
Cash to seller
$70,785

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

August 2021

Original loan amount

$514,000

Est. remaining balance

$480,295

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Ho Sang Nelson Yeung and Yu Wang

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: 09/16/2024 at 9:15 AM

Listing updated: 09/13/2024 at 4:21 AM

Listed by: Tracy Tang, eXp Realty of California Phone #: (415) 828-2961

MLS: BridgeMLS #41072247

BridgeMLS logo

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