tomo logo

$1,675,000

Beds
5
Baths
4.0
sq ft
2,262

2387 Dumbarton Ave, East Palo Alto, CA 94303

2387 Dumbarton Ave

East Palo Alto, CA 94303

  • 150 days on market
    • Price drop $13,888↓
Move-In Ready - All the work has been done for you. Remodeling was done with permits for 2,262 living spaces, with off-street parking. Embrace these two homes' convenience and modern comforts, ideally 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. The prime location is in a vibrant area, and you'll enjoy proximity to coffee shops, local parks, and the scenic San Francisco Bay Trail. The main home has been recently renovated and expanded to 1,262 sf, offering modern amenities and stylish living space. It 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. ADU has a private entry: light-filled rooms, a sleek kitchen with clean lines, recessed lighting, laminate floors, private entry, and off-street parking. Located in the heart of Silicon Valley, minutes away from major tech giants like Amazon, IKEA, Meta, Google, and Stanford University & Medical Center. Easy access to retail shopping, Hwy 84 & 101, and public transportation.

Details

Property type

Single Family Residence

Est. home value

$965,083

Lot size

5,400 sq ft

Price per sq ft

$741

Year built

2023

Monthly HOA fee

$75

Price History

10/28/2024
BridgeMLS

BridgeMLS #ML81967270

Price change
$1,675,000
-0.82%
06/07/2024
BridgeMLS

BridgeMLS #ML81967270

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

MLSL #ML81758726

Sold
$810,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

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

$850,118
Asking price
$1,675,000
Closing costs (~8% of asking)
-$134,000
Est. remaining loan balance
-$690,882
Cash to seller
$850,118

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

$690,882

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?

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Status: Active

Tomo last checked: 11/05/2024 at 6:40 AM

Listing updated: 11/04/2024 at 5:05 AM

Listed by: Rod Creason, Keller Williams Palo Alto Phone #: (650) 255-2977

MLS: BridgeMLS #ML81967270

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