New Short Sale On The Water In Alameda!

Sumo

View from short sale in Alameda located at 1001 Shoreline Dr. #307

Located in Alameda on highly desirable Shoreline Dr., we have a new short sale listing on the market! This is a 2 bedroom, 2 bath condo, with a spacious 1360 sqaure feet. This home built in 1970 at 1001 Shoreline Dr. #307 has in-unit laundry, window coverings, and original appliances in the kitchen. We are listing this home for $349,000 and at this price, it will go fast! The HOA dues are around $400 a month and include management fees, a blanket insurance policy (not covering inside personal items) and maintenance of the common areas. This community offers incredible views of the Bay, including views of the Peninsula, and downtown San Francisco! Living here you are a walk across the street from the beach (Robert Crown Memorial State Beach)! Also nearby are shops, a large park including dog park, boardwalk, and restaurants. This is East Bay living at it’s finest! This home can be purchased using FHA financing, conventional financing, or cash. Major cross streets are Central and Otis. This home is located in the Alameda City Unified School District and the nearest schools are Lum Elementary, Wood Middle, and Alameda High School. This home last sold for $515,000 on November 17th 2004. That is nearly twice the price of today’s list price in 2012! This is a truly great deal which will require a little bit of TLC, including some carpet, paint, and general updating.

The seller on this home has Indymac/OneWest as their lender and the home will need to be approved for sale. That will include receiving an offer to purchase, ordering an appraisal to determine fair market value and issuing a final loan approval. The timeframe to close we expect to be 60-90 days from the time an offer is submitted to the lender for approval. For more information on this short sale in Alameda or other properties that may be available in the area, please contact us! We can also provide a free consultation if you are upside down on your home loan and would to learn more about how the short sale process works, the timeline, and how we can help you get your home sold!

Alameda Condo with Bay Views