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$1,359,000

Beds
3
Baths
2.0
sq ft
1,485

1570 Thompson Ave, Santa Cruz, CA 95062

1570 Thompson Ave

Santa Cruz, CA 95062

  • 19 days on market
    • Price drop $40,000↓
PRICE IMPROVEMENT! This charming 3 bed, 2 bath home is a tranquil oasis with exceptional development potential. Situated on a large lot zoned RM3, it provides a serene residential experience and presents an outstanding development opportunity. Whether you're looking to build additional units or explore the potential for lot-splitting, it offers the flexibility to maximize the value of the land. Inside you'll be greeted by an open-concept living space flooded with natural light. The living room seamlessly flows into the dining area, ideal for entertaining guests. The updated kitchen has a custom-built breakfast bar, SS appliances, and ample cabinetry. The main suite offers a peaceful retreat with French doors accessing the lush backyard. Two additional bedrooms share an updated bathroom, making this home ideal for families or those seeking a guest room and home office. The expansive backyard is a true sanctuary with mature trees, and plenty of space to store bikes, boards or park your RV. This energy-efficient home offers many smart features such as solar panels, EV car charger, Nest thermostat and more. Prime location, close to schools, shopping, dining, Pleasure Point and HWY 1. Don't miss your chance to explore the possibilities. Schedule your private tour today

Details

Property type

Single Family Residence

Est. home value

$1,428,228

Lot size

0.248 acres

Price per sq ft

$916

Year built

1948

Price History

09/13/2024
BridgeMLS

BridgeMLS #ML81978446

Price change
$1,359,000
-2.86%
09/07/2024
BridgeMLS

BridgeMLS #ML81978446

Price change
$1,399,000
-3.52%
08/31/2024
BridgeMLS

BridgeMLS #ML81978446

Listed
$1,450,000
+15.35%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Santa Cruz City High

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

$311,592
Asking price
$1,359,000
Closing costs (~8% of asking)
-$108,720
Est. remaining loan balance
-$938,688
Cash to seller
$311,592

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

Seller’s Loan History

Lender

Key Bank Na

Loan start date

July 2021

Original loan amount

$1,005,600

Est. remaining balance

$938,688

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Alisa Malki and Karren Key

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: 09/19/2024 at 10:10 AM

Listing updated: 09/16/2024 at 5:42 AM

Listed by: Judith Vandsburger, KW Bay Area Estates Phone #: (408) 705-3229

MLS: BridgeMLS #ML81978446

BridgeMLS logo

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