tomo logo

$1,849,000

Beds
7
Baths
4.0
sq ft
2,016

2887 Fordham St, East Palo Alto, CA 94303

2887 Fordham St

East Palo Alto, CA 94303

  • 45 days on market
Welcome to 2887 Fordham Street, East Palo Alto, CA 94303an efficiently designed floorplan filled with a myriad of flexible spaces perfect for a multitude of needs. This beautifully renovated 7-bedroom, 4-bathroom single-family home boasts a completely remodeled interior featuring new floors, a modern kitchen, updated bathrooms, fresh paint, and new appliances, all set on an expansive 8,000 sq. ft. lot. Located in a thriving community, this property offers convenient access to Silicon Valley's tech hubs, including Facebook and Google, via Highway 101, as well as public transportation options to nearby Palo Alto and Menlo Park. Shopping and dining are just minutes away, with the Ravenswood Shopping Center and downtown Palo Alto offering diverse options. Appreciate the close proximity to schools in the Ravenswood City School District and the Sequoia Union High School District. Additionally, permits for an ADU are available, providing further potential for this already remarkable property. Outdoor enthusiasts can enjoy nearby parks and the Baylands Nature Preserve for hiking, biking, and more.

Details

Property type

Single Family Residence

Est. home value

$1,970,017

Lot size

8,160 sq ft

Price per sq ft

$918

Year built

1953

HOA

No

Price History

10/09/2024
BridgeMLS

BridgeMLS #ML81983077

Listed
$1,849,000
-2.07%
07/03/2024
BridgeMLS

BridgeMLS #ML81960452

Removed
$1,888,000
04/07/2024
BridgeMLS

BridgeMLS #ML81960452

Listed
$1,888,000

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

$1,252,470
Asking price
$1,849,000
Closing costs (~8% of asking)
-$147,920
Est. remaining loan balance
-$448,610
Cash to seller
$1,252,470

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

April 2016

Original loan amount

$551,000

Est. remaining balance

$448,610

Interest rate

3.62%

Loan type

New Conventional, 30 year

Seller

Amar Deo and Sunila D Deo

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: 11/23/2024 at 4:40 AM

Listing updated: 11/01/2024 at 4:15 AM

Listed by: Guadalupe Rodriguez, Real Estate Experts Phone #: (408) 854-9716

MLS: BridgeMLS #ML81983077

BridgeMLS logo

Recently listed in East Palo Alto