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$412,147Estimated home value

Beds
1
Baths
1.0
sq ft
625

55 Fairmount Ave Unit 306, Oakland, CA 94611

55 Fairmount Ave Unit 306

Oakland, CA 94611

  • Sold On 11/22/2021
Welcome to 55 Fairmount Ave. #306, a bright and airy 1BD/1BA condominium with spacious balcony overlooking a lovely communal swimming pool, located in Oakland's desirable Adams Point neighborhood. This third-floor all-electric unit with southwest exposure is flooded with terrific afternoon and early evening light. The fully equipped kitchen boasts granite countertops perfect for enjoying meals from a bar stool. The inviting living/dining room features new paint, new ceiling fan/light and new carpeting. The balcony is easily accessible through the quality sliding glass doors where you can enjoy the sunsets! The bedroom boasts wood flooring and ample closet space (with additional closets in the hallway). The tiled bathroom features new lighting and a shower over tub. One dedicated parking space included. Shared laundry on the floor. Walk to BART, Lake Merritt, Whole Foods and all the bars and restaurants of Uptown to enjoy the best of the city!

Details

Property type

Condominium

Est. home value

$412,147

Property condition

Updated/Remodeled

Lot size

0.5455 acres

Price per sq ft

$640

Year built

1970

Monthly HOA fee

$410

Price History

12/20/2024
BridgeMLS

BridgeMLS #41073739

Removed
$370,000
10/27/2024
BridgeMLS

BridgeMLS #41073739

Price change
$370,000
-1.33%
09/19/2024
BridgeMLS

BridgeMLS #41073739

Listed
$375,000

Schools & Community

Neighborhood: 

Oakland Ave-Harrison St

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

51

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

$74,322
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$293,678
Cash to seller
$74,322

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

November 2021

Original loan amount

$315,000

Est. remaining balance

$293,678

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Linda Le Jun Lee

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: Off Market

Tomo last checked: 12/23/2024 at 12:40 AM

Listing updated: 09/23/2024 at 4:24 PM

Listed by: Joshua P Silverman, Real Management Company

MLS: SFAR #421604053

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