tomo logo

$725,000

Beds
2
Baths
2.0
sq ft
986

5340 Broadway Ter Unit 406, Oakland, CA 94618

5340 Broadway Ter Unit 406

Oakland, CA 94618

  • <1 day on market
    • Open house Jan 12
Welcome to this beautifully updated condominium located in the heart of Rockridge. This residence offers a blend of modern amenities and comfortable living spaces, making it an ideal home for discerning buyers. The property features two spacious bedrooms and two updated bathrooms. The living room is enhanced by new sliding glass doors that lead to a balcony, perfect for enjoying your morning coffee or unwinding in the evening. A gas fireplace adds a touch of warmth and charm to the living area, creating a cozy atmosphere. The recently updated kitchen is designed for both functionality and style, featuring contemporary finishes and modern appliances that cater to your culinary needs. New windows throughout the unit ensure energy efficiency and noise reduction. Additionally, new window coverings offer convenience and a sleek, modern touch. The interior and exterior of the building have been recently painted and the lobby has been refreshed with new flooring and furniture. The building offers laundry facilities on each floor and the unit includes parking for one car. The Rockridge community is a highly sought after area offering grocery stores, bars, restaurants and numerous retail establishments.

Details

Property type

Condominium

Est. home value

$762,267

Lot size

0.49 acres

Price per sq ft

$736

Year built

1971

Monthly HOA fee

$777

Price History

01/08/2025
BridgeMLS

BridgeMLS #41081800

Listed
$725,000
-3.33%
11/24/2020
BridgeMLS

BridgeMLS #40922318

Sold
$750,000

Schools & Community

Neighborhood: 

Upper Rockridge

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

46

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

$121,414
Asking price
$725,000
Closing costs (~8% of asking)
-$58,000
Est. remaining loan balance
-$545,586
Cash to seller
$121,414

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

November 2020

Original loan amount

$600,000

Est. remaining balance

$545,586

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Peter Edgar Arkell and Alia Sierra Merriman

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?

Status: Active

Tomo last checked: 01/09/2025 at 11:45 AM

Listing updated: 01/09/2025 at 9:45 AM

Listed by: Tom Watson, Corcoran Icon Properties Phone #: (415) 794-1173

MLS: BridgeMLS #41081800

BridgeMLS logo

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