tomo logo

$7,495,000

Beds
6
Baths
5.5
sq ft
8,247

1291 Will Geer Rd, Topanga, CA 90290

1291 Will Geer Rd

Topanga, CA 90290

  • Pending
The Trust Ranch: The Ranch Upon Sacred Territory, is sited atop the picturesque Topanga mountains and spans 17 acres and offers sweeping 360-degree vistas of the surrounding landscape. Steeped in the rich history of Topanga, this property is a testament to the area's natural beauty and cultural heritage. The main residence, featuring exquisite Douglas Fir floors salvaged from the depths of Puget Sound, showcases the craftsmanship of local artisans Paul and Matt Doolin, whose intricate tilework, including a captivating mosaic in the primary suite, adds to the property's allure. Entertaining is effortless in the spacious rooms with soaring ceilings, boasting serene canyon views. The gourmet kitchen, complete with a sizable center island, is perfect for culinary pursuits, while the formal living room and cozy den provide inviting spaces for relaxation and gathering. Upstairs, the primary suite offers a tranquil retreat with a spa-like bathroom, vast walk-in closet, and a private sanctuary space ideal for meditation or work. Adjacent to the library, a charming patio invites relaxation amid nature's splendors. The lower level accommodates two bedrooms with en-suite baths, a versatile project room, gym, and laundry facilities. Additionally, a separate guest suite provides complete autonomy with its own kitchen, living area, bedroom, and bath. Nestled in complete privacy, a detached guest house mirrors the main residence's elegance and offers canyon views, a patio, and high ceilings. With over 7,500 sq.ft. of living space, there are endless ways to occupy the ranch. The estate's grounds are equally enchanting, featuring an outdoor pavilion adorned with solar panels, ideal for gatherings and events. Stables, riding rings, and a vineyard provide ample opportunities for recreation and relaxation. With an onsite well and solar array, Trust Ranch embodies sustainable living, offering off-the-grid independence with unlimited hot water and guilt-free energy consumption. This versatile property is not only a luxurious retreat but also a hub of community activity, hosting a myriad of events, from harvest festivals to film screenings. Located in Topanga's star-studded Mesa neighborhood, Trust Ranch epitomizes the essence of luxury living intertwined with the rich history and natural beauty of Topanga. Don't miss the opportunity to make Trust Ranch your forever home, where every day feels like a getaway amidst Topanga's storied landscapes. On-site parking for 50 cars.

Details

Property type

Single Family Residence

Est. home value

$7,784,351

Property condition

Updated/Remodeled

Lot size

16.0458 acres

Price per sq ft

$909

Year built

1991

HOA

No

Price History

10/31/2024
CLAW

CLAW #24403057

Pending
$7,495,000
07/27/2024
CLAW

CLAW #24403057

Listed
$7,495,000
-6.2%
06/12/2024
CLAW

CLAW #24388137

Removed
$7,990,000

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

$5,980,568
Asking price
$7,495,000
Closing costs (~8% of asking)
-$599,600
Est. remaining loan balance
-$914,832
Cash to seller
$5,980,568

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

January 2021

Original loan amount

$1,000,000

Est. remaining balance

$914,832

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Martin Schmitt and Susan Kelly Schmitt

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: Pending/Under Contract

Tomo last checked: 11/04/2024 at 8:25 PM

Listing updated: 10/31/2024 at 10:25 AM

Listed by: Josh Canova, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24403057

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