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$4,999,999

Beds
1
Baths
1.0
sq ft
740

118 Strand St, Santa Monica, CA 90405

118 Strand St

Santa Monica, CA 90405

  • 356 days on market
Beach living at it's finest. This absolutely charming beach cottage is just steps from Silicon Beach sand. This property is the definition of location, location, location. 118 Strand is Ideally situated walking distance to Main Street shops and restaurants, Shutters on the Beach, Casa del Mar, the Viceroy, World-Famous Santa Monica Pier and just minutes to the renowned Abbot Kinney Blvd., Venice Beach and Canals. This idyllic cottage offers architectural style with exposed wood beam ceiling, a cooks kitchen featuring Viking and Miele appliances, and an entertainer's backyard. Don't worry about parking for you and your guests with the detached 2-car garage and elongated driveway to fit up to 5 more cars. This home sits on an almost 6,000sq. ft lot with SMOP3 zoning - wonderful opportunity here!

Details

Property type

Single Family Residence

Est. home value

$4,930,052

Lot size

5,930 sq ft

Price per sq ft

$6,757

Year built

1947

HOA

No

Price History

01/23/2024
CLAW

CLAW #23331925

Listed
$4,999,999

Schools & Community

Neighborhood: 

Santa Monica Pier Area/Ocean Avenue

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$4,003,362
Asking price
$4,999,999
Closing costs (~8% of asking)
-$400,000
Est. remaining loan balance
-$596,637
Cash to seller
$4,003,362

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

March 2017

Original loan amount

$701,000

Est. remaining balance

$596,637

Interest rate

4.19%

Loan type

New Conventional, 30 year

Seller

Toeke Warden and Sharon Lynne Morov

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: 11/05/2024 at 3:40 AM

Listing updated: 10/15/2024 at 10:55 PM

Listed by: Kristin Arledge, Luxury Collective Phone #: (818) 726-3761

MLS: CLAW #23331925

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