tomo logo

$925,000

Beds
6
Baths
3.0
sq ft
2,206

2860 Montana St, Oakland, CA 94602

2860 Montana St

Oakland, CA 94602

  • 13 days on market
Discover the jewel of the Lower Dimond Neighborhood in Oakland! This charming remodeled property features six bedrooms and three bathrooms: four bedroom and two bathroom main house that includes garage, and a separate beautifully remodeled two bedroom and one 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. Large storage 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 Castro Valley, the South Bay and quick access to freeways 580 and 880. Don't miss the opportunity to own a great potential property that you may not find another one like this!

Details

Property type

Single Family Residence

Est. home value

$1,222,986

Lot size

4,000 sq ft

Price per sq ft

$420

Year built

1921

HOA

No

Price History

11/09/2024
BridgeMLS

BridgeMLS #ML81986213

Listed
$925,000
+4.17%
10/05/2024
BridgeMLS

BridgeMLS #ML81975611

Removed
$888,000
09/30/2024
BridgeMLS

BridgeMLS #ML81975611

Listed
$888,000

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

$426,951
Asking price
$925,000
Closing costs (~8% of asking)
-$74,000
Est. remaining loan balance
-$424,049
Cash to seller
$426,951

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

$424,049

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: 11/22/2024 at 2:30 PM

Listing updated: 11/18/2024 at 5:05 AM

Listed by: Elizabeth Nguyen, Intero Real Estate Services Phone #: (650) 255-4649

MLS: BridgeMLS #ML81986213

BridgeMLS logo

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