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$2,995,000

Beds
3
Baths
3.0
sq ft
2,162

1240 N Olive Dr, West Hollywood, CA 90069

1240 N Olive Dr

West Hollywood, CA 90069

  • 49 days on market
Newly priced and perfect as an investment with a new tenants in place! Welcome to Villa Olive! Nestled on a large and secluded 6,847 sq. ft. lot, this stunning Spanish style home offers the perfect blend of elegance and comfort. Boasting 1,749 sq. ft. of living space, this home features 3 bedrooms and 3 bathrooms, providing ample space for relaxation and entertainment. As you approach, you'll be greeted by the charm of a beautifully landscaped front yard, inviting you into your own private oasis. Step inside to discover a spacious and inviting interior, where the warmth of Spanish architecture meets modern living. The heart of this home lies in its expansive backyard, where endless possibilities for outdoor enjoyment await. Host unforgettable gatherings with friends and family in the sprawling BBQ area, complete with a fridge , an ice maker, and bar perfect for mixing cocktails and creating lasting memories. As the Sun sets, gather around the fire pit to unwind and share stories under the starlit sky, or indulge in a soothing soak in the 8 seater jacuzzi. For those who appreciate the convenience of a well-appointed garage, this property offers a spacious 413 sq.ft. 2-car garage, providing ample storage space for your vehicles and outdoor gear. Located in a secluded setting yet just a stone's throw away from the best amenities and attractions that West Hollywood has to offer, Villa Olive offers the best of both worlds privacy and convenience. Don't miss your chance to make this enchanting retreat your own! Your dream home is out there! Total square footage includes 1,749 sq. ft. house plus 413 sq. ft. garage.

Details

Property type

Single Family Residence

Est. home value

$2,615,955

Lot size

6,847 sq ft

Price per sq ft

$1,386

Year built

1922

HOA

No

Price History

07/20/2024
CLAW

CLAW #24408239

Listed
$2,995,000
-6.26%
06/26/2024
CLAW

CLAW #24373289

Removed
$3,195,000
04/24/2024
CLAW

CLAW #24373289

Removed
$3,195,000

Schools & Community

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

$1,731,402
Asking price
$2,995,000
Closing costs (~8% of asking)
-$239,600
Est. remaining loan balance
-$1,023,998
Cash to seller
$1,731,402

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

April 2022

Original loan amount

$1,070,000

Est. remaining balance

$1,023,998

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Marc Caldera

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: 09/07/2024 at 8:10 PM

Listing updated: 07/28/2024 at 5:13 AM

Listed by: Dan Malka, Engel & Volkers Beverly Hills Phone #: (310) 777-7510

MLS: CLAW #24408239

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