tomo logo

$549,500

Beds
3
Baths
1.0
sq ft
1,122

407 Gramercy Pl, Oakland, CA 94603

407 Gramercy Pl

Oakland, CA 94603

  • 79 days on market
    • Price drop $49,500↓
Welcome Home! This large 3 bed 1 bath Craftsman bungalow boasts tons of natural light! Secure off-street parking for 2 vehicles with a gated yard for added privacy. New carpeting and new roof! Remodeled kitchen and bathroom. Large backyard ideal for entertaining or adding an Accessory Dwelling Unit for additional income. Large barn shed that holds tons of extra storage. Centrally located to freeway, Oakland airport, SF, Bart, schools, parks and shopping are all minutes away. Don't wait - this is going to be the perfect home for a growing family, starter home or income property.

Details

Property type

Single Family Residence

Est. home value

$546,292

Lot size

4,080 sq ft

Price per sq ft

$490

Year built

1949

Price History

08/17/2024
BridgeMLS

BridgeMLS #ML81972489

Price change
$549,500
-8.26%
07/10/2024
BridgeMLS

BridgeMLS #ML81972489

Listed
$599,000

Schools & Community

Neighborhood: 

Sobrante Park

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

$388,178
Asking price
$549,500
Closing costs (~8% of asking)
-$43,960
Est. remaining loan balance
-$117,362
Cash to seller
$388,178

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2013

Original loan amount

$150,482

Est. remaining balance

$117,362

Interest rate

4.5%

Loan type

New Conventional, 30 year

Seller

Sandra Mcgowan and Ronald Mcgowan

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: 09/27/2024 at 7:15 PM

Listing updated: 09/23/2024 at 8:01 PM

Listed by: Frederick Adams, Radius Agent Realty Phone #: (510) 422-5313

MLS: BridgeMLS #ML81972489

BridgeMLS logo

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