tomo logo

$1,898,888

Beds
2
Baths
1.0
sq ft
1,070

2340 Cooley Ave, East Palo Alto, CA 94303

2340 Cooley Ave

East Palo Alto, CA 94303

  • 326 days on market
Rare Fully Entitled Shovel Ready Development Opportunity to Create 8 Architecturally Striking Town Home Condominiums on a Flat Lot. Partnership w/Seller possible. Goring & Straja Architects envisioned project with exteriors and interiors speaking to the needs of today's urban buyers. A+++ Location off University Avenue minutes to Meta Headquarters | other Tech Giants, Bay Trails and the best that Palo Alto has to offer. Each 3 bedroom 3 bathroom multi level home with 2 outdoor spaces will be approximately 1341 Square Foot with an attached garage within an urban enclave featuring green spaces and chosen materials displaying the best of earthy design. Other design hallmarks include a generous grand primary suite, spacious ground floor patio off lower level bedroom and indoor | outdoor entertaining opportunities via terrace of the open concept great room. Once developed these homes will be a new beginning for a storied neighborhood. The well thought out floor plans include a ground level bedroom w/ensuite full bath, middle floor entertaining areas, and 2 top floor generously size bedrooms. Be a part of the city's pathway to progress.

Details

Property type

Condominium

Est. home value

$957,652

Lot size

0.2632 acres

Price per sq ft

$1,775

Year built

1926

HOA

No

Price History

02/05/2024
SFAR

SFAR #424006986

Listed
$1,898,888
+287.13%
09/29/2014
BridgeMLS

BridgeMLS #ML81423280

Sold
$490,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

8

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

$1,162,300
Asking price
$1,898,888
Closing costs (~8% of asking)
-$151,911
Est. remaining loan balance
-$584,677
Cash to seller
$1,162,300

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

October 2020

Original loan amount

$643,500

Est. remaining balance

$584,677

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Samuel Lee and Youngsin Lee

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: 12/26/2024 at 8:30 PM

Listing updated: 10/18/2024 at 3:01 AM

Listed by: Malin P. Kansal, Golden Gate Sotheby's Internat

MLS: SFAR #424006986

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