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$1,688,888

Beds
5
Baths
4.0
sq ft
1,162

2387 Dumbarton Ave, East Palo Alto, CA 94303

2387 Dumbarton Ave

EAST PALO ALTO, CA 94303

  • 40 days on market
    • Open house Jul 06
Move-In Ready - All the works has been done for you. 2,162 Living space, with off street parking. Embrace the convenience and modern comforts of these two homes, perfectly situated for a dynamic lifestyle in Silicon Valley. Great for investors, first-time homebuyers, or those seeking multi-generational living solutions. Potential income live in one unit, rent the other or use the second home as an au pair suite, in-law unit, or backyard cottage. Prime location situated in a vibrant area, you'll enjoy proximity to coffee shops, local parks, and the scenic San Francisco Bay Trail. Main home has been recently renovated and expanded, offering modern amenities and stylish living space features a chic main suite, living room with fireplace, new AC unit and furnace, spacious laundry room, single car garage with EV hookups, and laminate floors throughout. Detached ADU Highlights: light-filled rooms, sleek kitchen with clean lines, recessed lighting, laminate floors, private entry, and off-street parking. Located in the heart of Silicon Valley, these homes are minutes away from major tech giants like Amazon, IKEA, Meta, Google, and Stanford University & Medical Center. You'll also find easy access to retail shopping, restaurants, Hwy 84 & 101, and public transportation.

Details

Property type

Single Family Residence

Est. home value

$965,083

Lot size

5,401 sq ft

Price per sq ft

$1,454

Year built

2023

Monthly HOA fee

$75

Price History

05/27/2024
MLSL

MLSL #ML81967270

Listed
$1,688,888
+108.5%
01/13/2020
MLSL

MLSL #ML81758726

Sold
$810,000

Schools & Community

Elementary school: 

624

Middle school: 

Cesar Chavez Academy

High school: 

Unknown

High school district: 

Sequoia Union 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

$857,247
Asking price
$1,688,888
Closing costs (~8% of asking)
-$135,111
Est. remaining loan balance
-$696,530
Cash to seller
$857,247

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$742,395

Est. remaining balance

$696,530

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Michael Chambers

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: 07/06/2024 at 11:45 AM

Listing updated: 07/05/2024 at 5:14 PM

Listed by: Richard R. Creason, Richard R. Creason, Rod Creason, Rod Creason, Keller Williams Palo Alto Phone #: (650) 454-8500

MLS: MLSL #ML81967270

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