tomo logo

$1,298,000

Beds
2
Baths
2.0
sq ft
1,415

602 Mendocino Way, Redwood City, CA 94065

602 Mendocino Way

Redwood City, CA 94065

  • 30 days on market
    • Price drop $50,000↓
Located in the sought-after Redwood Shores neighborhood with access to highly acclaimed schools, this home presents classic and timeless appeal. Its Cape Cod architecture, sporting a boat dock along the edge of the lagoon, evokes a Nantucket village in the midst of Silicon Valley. With freshly painted interiors and brand new, gorgeous wood floors, 602 Mendocino is ready to move-in and enjoy today. The spacious living room is enhanced by a wood burning fireplace and an outdoor space that overlooks a pond and water feature. The dining room connects the living room and the updated kitchen. The bedrooms are located upstairs, offering privacy from the lower level living area. The primary bedroom is distinguished by soaring ceilings and a private deck. The attractive ensuite bathroom features a double sink vanity and stunning freestanding pedestal bathtub. Large detached 2 car garage. Steps away from the nearby main lagoon of Redwood Shores which offers a setting for sailing,windsurfing and rowing activities. Adjacent to a well appointed children's playground. Lighted athletic fields, as well as tennis courts abound in the community. Shops, restaurants and a spectacular library are also just minutes away, adding to the convenience and appeal of this great home.

Details

Property type

Townhouse

Est. home value

$1,383,055

Lot size

4.2646 acres

Price per sq ft

$918

Year built

1989

Monthly HOA fee

$1,104

Price History

09/09/2024
BridgeMLS

BridgeMLS #ML81977130

Price change
$1,298,000
-3.71%
08/20/2024
BridgeMLS

BridgeMLS #ML81977130

Listed
$1,348,000
07/16/2024
BridgeMLS

BridgeMLS #ML81967884

Removed
$1,348,000

Schools & Community

Neighborhood: 

Steinberger

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Sequoia Union High

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

$311,653
Asking price
$1,298,000
Closing costs (~8% of asking)
-$103,840
Est. remaining loan balance
-$882,507
Cash to seller
$311,653

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2020

Original loan amount

$970,000

Est. remaining balance

$882,507

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

Evan Lee Cohen and Sarah Corinne Cohen

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: 09/19/2024 at 6:00 PM

Listing updated: 09/16/2024 at 5:42 AM

Listed by: Lynn Wilson Roberts, Compass Phone #: (650) 255-6987

MLS: BridgeMLS #ML81977130

BridgeMLS logo

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