tomo logo

$6,945,000

Beds
7
Baths
6.0
sq ft
5,600

1601 Shell Ave, Venice, CA 90291

1601 Shell Ave

Venice, CA 90291

  • 61 days on market
    • Price drop $5,000↓
1601 Shell Avenue earns its name, The Nexus Retreat, from the concept of connection and sanctuary - a place where architectural innovation meets a peaceful, Zen-inspired atmosphere. Designed by Woods+Dangaran and realized by a forward-thinking builder, the house serves as a retreat where modern industrial aesthetics blend seamlessly with tranquil, mindful living. In its construction, The Nexus Retreat merges robust materials like concrete and steel with the warmth of natural wood, creating a harmonious balance between strength and serenity. The industrial elements are reflected in its clean lines, exposed structures, and open spaces, while the Zen influence is evident in its minimalist design, abundant natural light, and private spaces that foster relaxation and reflection. The vision behind The Nexus Retreat was to create more than just a home a space that nurtures well-being and offers a true retreat from the hustle and bustle of daily life. The design team aimed to build a haven where modern aesthetics and serene living come together, providing a peaceful oasis in the heart of Venice. For the next owner, The Nexus Retreat is not just a residence it's a lifestyle choice. It offers the chance to live at the intersection of cutting-edge design and timeless tranquility, in a space that supports both dynamic living and quiet introspection. Whether entertaining guests or enjoying solitude, The Nexus Retreat provides a perfect balance for a harmonious life. ****The use of terms such as "Zen," "serene," "peaceful," and similar descriptors in the descriptions of 1601 Shell Avenue and The Nexus Retreat are intended to convey the subjective experience and ambiance of the property as perceived by the owner/agents and may not reflect everyone's perception or the exact nature of the property. These terms are not intended to be literal guarantees or promises of the property's atmosphere, and individual experiences may vary. Potential buyers are encouraged to schedule a private showing to personally experience the property and determine if it meets their expectations.****

Details

Property type

Single Family Residence

Est. home value

$9,614,568

Lot size

5,740 sq ft

Price per sq ft

$1,241

Year built

2020

HOA

No

Price History

10/30/2024
CLAW

CLAW #24433513

Price change
$6,945,000
-0.07%
09/05/2024
CLAW

CLAW #24433513

Listed
$6,950,000
-12.03%
08/29/2024
BridgeMLS

BridgeMLS #ML81959164

Removed
$7,900,000

Schools & Community

Neighborhood: 

Venice

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

$5,097,373
Asking price
$6,945,000
Closing costs (~8% of asking)
-$555,600
Est. remaining loan balance
-$1,292,027
Cash to seller
$5,097,373

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

December 2015

Original loan amount

$1,592,500

Est. remaining balance

$1,292,027

Interest rate

3.76%

Loan type

New Conventional, 30 year

Seller

Gregory P De Saint Aignan and Crystal G Saint Aignan

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 5:50 AM

Listing updated: 10/30/2024 at 8:35 AM

Listed by: Katy Lynn, Compass Phone #: (323) 593-6999

MLS: CLAW #24433513

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