tomo logo

$550,000

Beds
4
Baths
2.0
sq ft
1,798

879 Wood St, Oakland, CA 94607

879 Wood St

OAKLAND, CA 94607

  • 142 days on market
Welcome to this fantastic CASH ONLY, FIXER-UPPER opportunity! County record shows this property as a DUPLEX. This duplex home is being sold AS IS. Owner began deconstruction of interior and is now selling, presenting an ideal chance for savvy investors or DIY enthusiasts to unlock its full potential. This property features two separate unit (upstairs/downstairs), offering flexibility for rental income or multigenerational living. With some TLC and creative vision, transform this property into an incoming generating investment or dream home! Zoned as duplex, lower unit perfect for ADU or multigenerational family.

Details

Property type

Single Family Residence

Est. home value

$931,680

Lot size

2,648 sq ft

Price per sq ft

$306

Year built

1890

Price History

06/24/2024
MLSL

MLSL #ML81953883

Listed
$550,000
06/19/2024
MLSL

MLSL #ML81953883

Pending
$550,000
05/16/2024
MLSL

MLSL #ML81953883

Listed
$550,000

Schools & Community

Neighborhood: 

Prescott

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Oakland Unified

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

$367,625
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$138,375
Cash to seller
$367,625

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

Seller’s Loan History

Lender

Ctp Funding Corporation

Loan start date

September 2023

Original loan amount

$539,500

Est. remaining balance

$138,375

Interest rate

6.9%

Loan type

New Conventional, 1 year

Seller

Mairose 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?

Status: Active

Tomo last checked: 07/01/2024 at 7:50 AM

Listing updated: 06/24/2024 at 6:02 PM

Listed by: Chris Fan, KW Advisors Phone #: (650) 627-3700

MLS: MLSL #ML81953883

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