tomo logo

$388,000

Beds
Unknown
Baths
1.0
sq ft
390

324 Catalpa St Unit 314, San Mateo, CA 94401

324 Catalpa St Unit 314

San Mateo, CA 94401

  • 80 days on market
Wonderful opportunity to own this beautifully updated & well-maintained Studio. Situated on 3rd/top floor with rare open view from the private balcony. Elevator access, secured entries & video surveillance. The Unit also has an allocated garage space with gated entry under the building ~ highly desirable in this busy location. Located in Nazareth Place this studio is move-in ready and includes a wall-mounted Murphy Bed which can be used as primary bed or as an additional bed for guest. If buyer wishes to install a separate bed for their own use there is room to do so. Gleaming kitchen cabinets with stainless steel appliances including new oven. 55+ community located in downtown San Mateo giving easy access to all the amenities downtown has to offer. This is a must see!

Details

Property type

Condominium

Est. home value

$398,161

Lot size

390 sq ft

Price per sq ft

$995

Year built

1983

Monthly HOA fee

$365

Price History

08/16/2024
BridgeMLS

BridgeMLS #41070090

Listed
$388,000
-2.51%
08/14/2024
BridgeMLS

BridgeMLS #41065116

Removed
$398,000
07/01/2024
BridgeMLS

BridgeMLS #41065116

Listed
$398,000
+5.85%

Schools & Community

Neighborhood: 

San Mateo Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Senior community center: 

Yes

Number of units in community: 

56

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

$104,042
Asking price
$388,000
Closing costs (~8% of asking)
-$31,040
Est. remaining loan balance
-$252,918
Cash to seller
$104,042

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

May 2019

Original loan amount

$282,000

Est. remaining balance

$252,918

Interest rate

4.08%

Loan type

New Conventional, 30 year

Seller

Edward Mcgraw

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?

Similar Homes Nearby

Price drop
BridgeMLS
$349,000
- bd
|
1 ba
|
390 sq ft
|
Condo

324 Catalpa St Unit 218, San Mateo, CA 94401

Price drop
BridgeMLS
$398,000
- bd
|
1 ba
|
492 sq ft
|
Condo

847 N Humboldt St Unit 203, San Mateo, CA 94401

BridgeMLS
$339,000
2 bd
|
1 ba
|
1,100 sq ft
|
Condo

1 Baldwin Ave Unit 222, San Mateo, CA 94401

Status: Active

Tomo last checked: 11/05/2024 at 11:30 AM

Listing updated: 08/23/2024 at 1:39 AM

Listed by: Helen Duncan, Better Homes and Gardens RP Phone #: (925) 858-4774

MLS: BridgeMLS #41070090

BridgeMLS logo

Recently listed in San Mateo

$1,950,000|3 bd|2.0 ba|House
$1,200,000|2 bd|2.0 ba|Townhouse
$1,749,000|3 bd|2.0 ba|House
$1,588,888|3 bd|2.0 ba|House
$2,380,000|4 bd|2.5 ba|House
$1,998,000|4 bd|2.5 ba|House