tomo logo

$599,000

Beds
4
Baths
3.0
sq ft
1,557

1629 Church St, Oakland, CA 94621

1629 Church St

Oakland, CA 94621

  • Pending
Discover this incredible opportunity to own a duplex like home with two houses on one large, nearly 5,000 sq ft lot in Oakland! This house hack dream allows you to live in one house and rent out the other to get half your mortgage paid for, significantly slashing your housing costs. Perfect for investors, the property features high rental demand and excellent returns. Located minutes from Oracle Arena, BART, AC Transit, Lake Merritt, freeways, and entertainment, the property includes 1629 (rear) with 2 bedrooms and a deck, delivered VACANT, and 1631 (front) with 2 bedrooms and 2 baths. Both houses are larger than the 1557 sq ft on public record, have laundry rooms, basements, and separate meters. The detached garage with power and water has potential for a future ADU, and two separate driveways provide ample space for cars, a camper, boat, etc. Own instead of rent this fantastic property and enjoy the benefits of a dual home setup in a prime Oakland location! Also listed under resident income 41063621.

Details

Property type

Single Family Residence

Est. home value

$674,624

Lot size

4,987 sq ft

Price per sq ft

$385

Year built

1921

Price History

10/14/2024
BridgeMLS

BridgeMLS #41067406

Pending
$599,000
07/23/2024
BridgeMLS

BridgeMLS #41067406

Listed
$599,000
+16.31%
06/16/2020
BridgeMLS

BridgeMLS #40891801

Sold
$515,000

Schools & Community

Neighborhood: 

Havenscourt

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

$106,903
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$444,177
Cash to seller
$106,903

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

June 2020

Original loan amount

$488,400

Est. remaining balance

$444,177

Interest rate

3.33%

Loan type

FHA, 30 year

Seller

Joseph E Igbineweka and Tamara Flaherty Igbineweka

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
BridgeMLS
$549,000
4 bd
|
3 ba
|
1,806 sq ft
|
House

2019 45th Ave, Oakland, CA 94601

Status: Pending/Under Contract

Tomo last checked: 11/03/2024 at 4:55 AM

Listing updated: 10/14/2024 at 12:21 PM

Listed by: Igbinoghene Edebiri, Keller Williams Phone #: (510) 459-7407

MLS: BridgeMLS #41067406

BridgeMLS logo

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