tomo logo

$469,000

Beds
1
Baths
1.0
sq ft
897

224 2nd St, Oakland, CA 94607

224 2nd St

Oakland, CA 94607

  • 94 days on market
    • Price drop $30,000↓
Move in ready, work/live loft designed by renowned architect David Baker. This two-level condo features 1 bed, 1 bath with air conditioning. Floor to ceiling windows, in-unit washer and dryer, stainless steel appliances, granite counters and convenient walk-up ground floor location. The unit also includes rare two assigned parking spaces in a secure garage. Walking distance to trendy restaurants, shops, and Jack London Square. Close to highways and public transportation (Amtrak, BART, SF Ferry & more).

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$523

Year built

2006

Monthly HOA fee

$572

Price History

06/12/2024
BridgeMLS

BridgeMLS #ML81959284

Price change
$469,000
-6.01%
05/03/2024
BridgeMLS

BridgeMLS #ML81959284

Price change
$499,000
-4.95%
03/28/2024
BridgeMLS

BridgeMLS #ML81959284

Listed
$525,000
-22.22%

Schools & Community

Neighborhood: 

Produce & Waterfront

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Oakland (510) 879-8111

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

-$203,815
Asking price
$469,000
Closing costs (~8% of asking)
-$37,520
Est. remaining loan balance
-$635,295
Cash to seller
-$203,815

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

June 2020

Original loan amount

$693,073

Est. remaining balance

$635,295

Interest rate

3.31%

Loan type

VA, 30 year

Seller

Brett Ortega and Mona Ortega

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?

Status: Active

Tomo last checked: 07/01/2024 at 7:05 AM

Listing updated: 06/14/2024 at 11:23 AM

Listed by: Nina Pozdnyakova, New Light Realty Phone #: (650) 619-6249

MLS: BridgeMLS #ML81959284

BridgeMLS logo

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