tomo logo

$448,000

Beds
1
Baths
1.0
sq ft
905

423 7th St Unit 407, Oakland, CA 94607

423 7th St Unit 407

Oakland, CA 94607

  • 33 days on market
Nestled on the 4th floor, this expansive 1-bed, 1-bath residence enjoys great natural light. The open floor plan creates an inviting atmosphere, complemented by wood flooring in the bedroom and the living/dining room. The well-appointed kitchen showcases a generous granite counter space, ideal for cooking and hosting, along with a gas stovetop range, sleek stainless steel appliances, and tile flooring. In the bright bedroom, a large walk-in closet awaits, while the adjacent full bathroom boasts elegant features such as a granite vanity, shower over tub, and tasteful tile flooring. Constructed in 2008, this building boasts modern amenities including air conditioning, in unit washer and dryer as well as double and triple pane windows providing quiet in the heart of the city. 8 Orchids has gated parking as well as a central courtyard, and a rooftop garden offering great views of Oakland and the surrounding Bay Area. With a stellar WalkScore of 99, residents are blocks away from Old Town Oakland, Jack London Square and Chinatown. HOA managed on site

Details

Property type

Condominium

Est. home value

$571,653

Lot size

Unknown

Price per sq ft

$496

Year built

2008

Monthly HOA fee

$539

Price History

11/19/2024
BridgeMLS

BridgeMLS #ML81984348

Removed
$458,000
+2.23%
11/19/2024
BridgeMLS

BridgeMLS #ML81986992

Listed
$448,000
-2.18%
10/19/2024
BridgeMLS

BridgeMLS #ML81984348

Listed
$458,000
-15.96%

Schools & Community

Neighborhood: 

Chinatown

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

-$35,368
Asking price
$448,000
Closing costs (~8% of asking)
-$35,840
Est. remaining loan balance
-$447,528
Cash to seller
-$35,368

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

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

February 2020

Original loan amount

$495,000

Est. remaining balance

$447,528

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Rona Jean Asuncion

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

BridgeMLS
$498,000
1 bd
|
1 ba
|
812 sq ft
|
Condo

423 7th St Unit 901, Oakland, CA 94607

BridgeMLS
$489,000
1 bd
|
1 ba
|
653 sq ft
|
Condo

901 Jefferson St Unit 211, Oakland, CA 94607

BridgeMLS
$399,000
1 bd
|
1 ba
|
667 sq ft
|
Condo

365 Perkins St Unit 105, Oakland, CA 94610

Status: Active

Tomo last checked: 12/22/2024 at 10:40 PM

Listing updated: 11/19/2024 at 6:46 PM

Listed by: Thomas Feng, Real Brokerage Technologies Phone #: (408) 840-3852

MLS: BridgeMLS #ML81986992

BridgeMLS logo

Recently listed in Oakland

$399,000|2 bd|1.0 ba|House
$350,000|2 bd|1.0 ba|House
$499,000|2 bd|1.0 ba|House
$1,349,000|2 bd|2.0 ba|House
$299,888|1 bd|1.0 ba|Condo
$550,000|2 bd|2.0 ba|House
$589,683|3 bd|1.5 ba|House