tomo logo

$1,335,000

Beds
2
Baths
2.5
sq ft
1,926

1607 Michael Ln, Pacific Palisades, CA 90272

1607 Michael Ln

Pacific Palisades, CA 90272

  • 108 days on market
    • Price drop $90,000↓
Wonderful opportunity to own this lovely tri-level end unit in the beautiful Villas on Michael Lane. Open and spacious floorplan includes living room with high ceilings, fireplace and access to front patio. Dining off kitchen/family area, plus powder room. Upper level enjoys a large primary bedroom suite with walk-in closet, fireplace and balcony with serene outlooks; plus a secondary suite. Private two-car garage with direct entry and laundry area. Community amenities include pool, spa and gym. Convenient location with guest parking nearby. Just minutes to shops, restaurants, the beach and hiking trails. Seller does not know the condition of the fireplaces/chimneys and will do no credits or repairs. See DOCS for Offer Guidelines.

Details

Property type

Townhouse

Est. home value

$1,537,708

Lot size

7.6537 acres

Price per sq ft

$694

Year built

1977

Monthly HOA fee

$815

Price History

05/15/2024
CLAW

CLAW #24367839

Price change
$1,335,000
-6.32%
04/25/2024
CLAW

CLAW #24367839

Removed
$1,425,000
04/24/2024
CLAW

CLAW #24367839

Listed
$1,425,000

Schools & Community

Neighborhood: 

Pacific Palisades

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$1,161,195
Asking price
$1,335,000
Closing costs (~8% of asking)
-$106,800
Est. remaining loan balance
-$67,005
Cash to seller
$1,161,195

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

Seller’s Loan History

Lender

California Fed Bk

Loan start date

May 1998

Original loan amount

$250,750

Est. remaining balance

$67,005

Interest rate

6.75%

Loan type

Not Provided, 30 year

Seller

William E Giegerich Jr

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 11:20 AM

Listing updated: 06/16/2024 at 1:23 PM

Listed by: Michael Edlen, Coldwell Banker Realty Phone #: (310) 454-1111

MLS: CLAW #24367839

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