tomo logo

$799,000

Beds
1
Baths
1.0
sq ft
992

7135 Pinehaven Rd, Oakland, CA 94611

7135 Pinehaven Rd

Oakland, CA 94611

  • 2 days on market
A Rare Log Cabin on an expansive 27,000 Sq. Ft. Lot in Desirable Montclair Hills Welcome to a unique development opportunity on upper Broadway Terrace in the coveted Montclair Hills. This property features a historic 992 sq. ft. log cabin, built in 1900, situated on three contiguous parcels of land, each with separate APNs, totaling 27,000 sq. ft. The one-bedroom, one-bath cabin, while a potential fixer-upper, offers the chance to create your dream home or homes in a highly desirable area. Property Highlights: • Prime Location: Located in the serene Montclair Hills, close to Montclair Village shopping and easy freeway access. • Expansive Lot: Three contiguous parcels totaling 27,000 sq. ft. provide ample space for development. • Historic Charm: The existing 992 sq. ft. log cabin offers a nostalgic touch or a blank slate for new construction. • Utilities On Site: Utilities are readily available at or on the property. • Development Potential: Ideal for building multiple homes, with three easy down-slope plots. Open to investors to help develop this prime 27,000 sq ft property in Montclair, offering significant return potential. This property is perfect for investors or those looking to build a custom dream home in one of Oakland’s most desirable neighborhoods.

Details

Property type

Single Family Residence

Est. home value

$992,697

Lot size

0.65 acres

Price per sq ft

$806

Year built

1890

Price History

09/25/2024
BridgeMLS

BridgeMLS #41074401

Listed
$799,000

Schools & Community

Neighborhood: 

Merriwood

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

Directors Mortgage Inc

Loan start date

May 2021

Original loan amount

$885,000

Est. remaining balance

$0

Interest rate

3.18%

Loan type

New Conventional, 1 year

Seller

Tiffany Elam

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: 09/27/2024 at 5:30 PM

Listing updated: 09/25/2024 at 6:42 PM

Listed by: Janina Ivester, REAL ESTATE EBROKER, INC. Phone #: (510) 390-2554

MLS: BridgeMLS #41074401

BridgeMLS logo

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