tomo logo

$520,000

Beds
2
Baths
2.0
sq ft
1,264

1540 Cherrylane Ave S, Seattle, WA 98144

1540 Cherrylane Ave S

Seattle, WA 98144

  • 50 days on market
    • Price drop $10,000↓
This beautifully maintained townhouse features a freshly painted interior, hardwood floors, a spacious living room with fireplace, and a dining area. The upstairs spacious master suite boasts a private bath, while the downstairs includes a bedroom, bonus room, bath, and laundry room. Located in a pet-friendly community, this home has a new roof and comes with one parking space. The HOA covers exterior maintenance (buyers need only interior insurance), clubhouse and game room, Earthquake Insurance, and Water/Sewer/Garbage. Just a short walk from the Judson Park light rail station, with easy access to I-90,I-5, Bellevue, downtown Seattle, and Capitol Hill. This property is ideal for moving in or as a rental opportunity, with no rental cap.

Details

Property type

Condominium

Est. home value

$645,195

Lot size

Unknown

Price per sq ft

$412

Year built

1997

Annual property taxes

$5,513.07

Monthly HOA fee

$670

Price History

09/12/2024
NorthwestMLS

NorthwestMLS #2268336

Price change
$520,000
-1.89%
08/30/2024
NorthwestMLS

NorthwestMLS #2268336

Price change
$530,000
-3.64%
08/18/2024
NorthwestMLS

NorthwestMLS #2268336

Price change
$550,000
-3.51%

Schools & Community

Neighborhood: 

North Beacon Hill

Elementary school: 

Beacon Hill

Middle school: 

Mercer Mid

High school: 

Franklin High

Community features: 

Clubhouse

School district: 

Seattle

Number of units in community: 

68

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

$48,476
Asking price
$520,000
Closing costs (~8% of asking)
-$41,600
Est. remaining loan balance
-$429,924
Cash to seller
$48,476

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

April 2021

Original loan amount

$463,050

Est. remaining balance

$429,924

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Syed Farabi Hassan

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

Price drop
$474,000
2 bd
|
2 ba
|
927 sq ft
|
Condo

108 5th Ave S Unit 301, Seattle, WA 98104

Listing provided by NWMLS

New
$499,500
2 bd
|
1.5 ba
|
841 sq ft
|
Condo

1511 14th Ave S Unit 103, Seattle, WA 98144

Listing provided by NWMLS

$588,000
2 bd
|
1.75 ba
|
1,070 sq ft
|
Condo

701 17th Ave Unit 303, Seattle, WA 98122

Listing provided by NWMLS

Status: Active

Tomo last checked: 09/20/2024 at 4:55 AM

Listing updated: 09/19/2024 at 12:19 PM

Listed by: Sherief Elbassuoni, Fathom Realty WA LLC Phone #: (888) 455-6040

MLS: NorthwestMLS #2268336

NorthwestMLS logo

Recently listed in Seattle

$2,249,500|4 bd|2.25 ba|House
$3,199,900|5 bd|3.5 ba|House
$800,000|3 bd|2.25 ba|Townhouse
$2,750,000|4 bd|3.0 ba|House
$1,099,000|3 bd|2.0 ba|House
$925,000|4 bd|2.0 ba|House
$1,475,000|3 bd|3.25 ba|Condo