tomo logo

$620,000

Beds
3
Baths
2.0
sq ft
1,499

703 Santa Barbara Rd, Berkeley, CA 94707

703 Santa Barbara Rd

Berkeley, CA 94707

  • 69 days on market
Amazing opportunity to complete this project and create your dream home in the process! Originally built in 1925 at 704 SF, in the early 2020’s the owner began a huge renovation and expansion project. Doubled in size to a 1499 SF two-story home, a significant financial investment was made and a tremendous amount of work was done before the project came to a stop during the Pandemic; ultimately the property was foreclosed upon by the current sellers. Surrounded by multi-million dollar homes in this verdant Berkeley Hills neighborhood, this is the opportunity of a lifetime! Enjoy filtered views of the San Francisco Bay surrounded by majestic oak trees. Plans and permits may be available; it will be up to the buyer to investigate all conditions of the property. The current owner is a lending institution with no prior knowledge or records of the property.

Details

Property type

Single Family Residence

Est. home value

$992,982

Lot size

6,820 sq ft

Price per sq ft

$414

Year built

1925

Price History

07/12/2024
BridgeMLS

BridgeMLS #41066355

Listed
$620,000
-37.69%
04/25/2024
BridgeMLS

BridgeMLS #41044579

Removed
$995,000
01/05/2024
BridgeMLS

BridgeMLS #41044579

Listed
$995,000
+41.34%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Loan Funder Llc

Loan start date

February 2022

Original loan amount

$1,327,700

Est. remaining balance

Not provided

Interest rate

3.05%

Loan type

Commercial, 1 year

Seller

Simon Buys Houses Llc

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: 09/20/2024 at 2:50 AM

Listing updated: 09/01/2024 at 2:11 PM

Listed by: Remy Weinstein, KW Advisors East Bay Phone #: (510) 918-7369

MLS: BridgeMLS #41066355

BridgeMLS logo

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