tomo logo

$7,900,000

Beds
7
Baths
6.0
sq ft
5,600

1601 Shell Ave, Venice, CA 90291

1601 Shell Ave

Venice, CA 90291

  • 139 days on market
    • Price drop $1,100,000↓
Price reduced and new photos added - Nexus House is an immersive architectural residence designed by Woods + Dangaran AIA, and artfully constructed by Saint Aignan Builders. Only steps away from Abbot Kinney Boulevard and adjacent to the historical walk streets, this expressive residential oasis is complete with 7 bedrooms, 5 bathrooms, and 2 powder rooms. Composed on a coveted corner lot, the property includes a fully automated 3,500 sq ft smart home and a 2,100 sq ft guest house with a separate address, each boasting an abundance of natural light through large picture windows. The home and guest house are museum-quality construction designed for flexibility, they can be combined or partitioned in numerous ways to fit a variety of lifestyle needs. The main home features generous ceiling height, crisp angles, and a sunken indoor/ outdoor living room that bridges privacy with a compelling connection to nature. The residence introduces finish selections that showcase a striking contrast of refined materials and rhythmically layered sight lines. Find Louis Poulsen and Vibia lighting, hand-crafted rift white oak cabinetry, radiant concrete floors, European oak, and top-of-the-line Miele appliances, each working in tandem with one another to exude a sense of warmth and elegance.

Details

Property type

Single Family Residence

Est. home value

$9,614,568

Lot size

5,740 sq ft

Price per sq ft

$1,411

Year built

2020

HOA

No

Price History

05/17/2024
CLAW

CLAW #24356649

Price change
$7,900,000
-12.22%
02/13/2024
CLAW

CLAW #24356649

Listed
$9,000,000
-8.16%
02/04/2024
CLAW

CLAW #23277573

Removed
$9,800,000

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

$5,962,734
Asking price
$7,900,000
Closing costs (~8% of asking)
-$632,000
Est. remaining loan balance
-$1,305,266
Cash to seller
$5,962,734

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

$1,305,266

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: 07/01/2024 at 10:25 AM

Listing updated: 05/17/2024 at 12:18 PM

Listed by: Sandra Miller, ENGEL & VÖLKERS Santa Monica Phone #: (310) 460-2525

MLS: CLAW #24356649

CLAW logo

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