tomo logo

$370,000

Beds
1
Baths
1.0
sq ft
625

55 Fairmount Ave Unit 306, Oakland, CA 94611

55 Fairmount Ave Unit 306

Oakland, CA 94611

  • 64 days on market
    • Price drop $5,000↓
Discover urban living at its finest in this delightful 1-bedroom, 1-bathroom condo located in the coveted Adams Point neighborhood of Oakland. This third-floor unit at 55 Fairmount Ave #306 features an inviting balcony with serene views of the community pool, perfect for relaxing or entertaining. Enjoy a spacious living area, a well-appointed kitchen, and the convenience of nearby shops, dining, and Lake Merritt. Plus, the iconic Fox Theater is just a short distance away. Don't miss this opportunity to own a piece of this vibrant community!

Details

Property type

Condominium

Est. home value

$412,147

Lot size

0.55 acres

Price per sq ft

$592

Year built

1970

Monthly HOA fee

$554

Price History

10/27/2024
BridgeMLS

BridgeMLS #41073739

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

BridgeMLS #41073739

Listed
$375,000
09/16/2024
BridgeMLS

BridgeMLS #41069203

Removed
$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

$46,121
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$294,279
Cash to seller
$46,121

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

$294,279

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?

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Status: Active

Tomo last checked: 11/22/2024 at 2:30 PM

Listing updated: 11/12/2024 at 8:20 PM

Listed by: Kerri Naslund-Monday, KW Advisors East Bay Phone #: (510) 409-4966

MLS: BridgeMLS #41073739

BridgeMLS logo

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