tomo logo

$888,000

Beds
6
Baths
3.0
sq ft
2,206

2860 Montana St, Oakland, CA 94602

2860 Montana St

Oakland, CA 94602

  • 44 days on market
Welcome to the jewel of the Lower Dimond Neighborhood with one way in Oakland! This natural lighted and sunny remodeled property features "6" bedrooms and "3" bathrooms: Live in 4 bedroom and 2 bathroom main house that includes garage, and a separate beautifully remodeled 2 bedroom and 1 bathroom unit in the back that can be used for income rental. The seller has invested $150,000 in top-to-bottom renovations, from a reinforced foundation to a new roof making this an ideal investment for savvy investors or a fantastic opportunity for first-time homebuyers. Enjoy high-quality laminated wood flooring throughout, granite countertops, cherry wood kitchen cabinets, and a tankless water heater. Abundant of double-paned windows bringing in natural lighting to warm up this home. A Refinished Large storage or Utility room in the backyard that can be used for office or workout gym. Located in a prime area of Oakland, close to parks, schools, supermarkets, BART stations, Oakland International Airport, minutes away from San Francisco, the Central Valley, the South Bay and quick access to freeways 580 and 880. Don't miss this golden opportunity with competitive price!!!

Details

Property type

Single Family Residence

Est. home value

$1,222,986

Lot size

4,000 sq ft

Price per sq ft

$403

Year built

1921

Price History

08/05/2024
BridgeMLS

BridgeMLS #ML81975611

Listed
$888,000
-4%
07/29/2024
BridgeMLS

BridgeMLS #ML81968911

Removed
$925,000
06/08/2024
BridgeMLS

BridgeMLS #ML81968911

Listed
$925,000
+9.08%

Schools & Community

Neighborhood: 

Dimond

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

$389,714
Asking price
$888,000
Closing costs (~8% of asking)
-$71,040
Est. remaining loan balance
-$427,246
Cash to seller
$389,714

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2016

Original loan amount

$520,000

Est. remaining balance

$427,246

Interest rate

3.93%

Loan type

New Conventional, 30 year

Seller

Eric Byung Chung and Christy Y J Chung

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: 09/18/2024 at 6:50 PM

Listing updated: 08/10/2024 at 6:29 PM

Listed by: Eric Song, US Realty Phone #: (408) 234-7788

MLS: BridgeMLS #ML81975611

BridgeMLS logo

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