tomo logo

$1,150,000

Beds
2
Baths
2.0
sq ft
1,270

861 Balboa Ln, Foster City, CA 94404

861 Balboa Ln

Foster City, CA 94404

  • 57 days on market
    • Price drop $100,000↓
Price Improvement!! This desirable top-floor, end-unit condo in "The Islands" offers resort-style living with 2 bedrooms and 2 bathrooms, overlooking serene water views. The open living room with high ceilings features a gas fireplace and connects to a dining area, both leading to a spacious deck with wide water and lagoon views. Large windows and three skylights fill the home with natural light. The condo includes an updated kitchen, a master suite with dual mirrored closets, an interior laundry room, a one-car garage, and visitor parking. Enjoy the community pool, top-rated schools, Foster City Park, and easy access to shops, restaurants, and highways 92/101. Move-In Ready!!

Details

Property type

Condominium

Est. home value

$1,248,133

Lot size

Unknown

Price per sq ft

$906

Year built

1975

Monthly HOA fee

$945

Price History

10/19/2024
BridgeMLS

BridgeMLS #ML81981822

Price change
$1,150,000
-8%
09/27/2024
BridgeMLS

BridgeMLS #ML81981822

Listed
$1,250,000
+13.64%
05/07/2019
BridgeMLS

BridgeMLS #ML81739967

Sold
$1,100,000
+14.23%

Schools & Community

Neighborhood: 

Explorers

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Mateo Union High

Number of units in community: 

174

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

$342,392
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$715,608
Cash to seller
$342,392

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

February 2021

Original loan amount

$783,000

Est. remaining balance

$715,608

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Qiubao Ye and Xier Zheng

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 11:45 PM

Listing updated: 11/17/2024 at 2:20 AM

Listed by: Rayin Lee, Giant Realty Inc. Phone #: (408) 781-7809

MLS: BridgeMLS #ML81981822

BridgeMLS logo

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