tomo logo

$1,299,000

Beds
6
Baths
4.0
sq ft
2,416

20656 Covello St, Winnetka, CA 91306

20656 Covello St

Winnetka, CA 91306

  • 4 days on market
Two Houses on one Lot. 1st- 20656 Covello street. 1216 sqft 3bd / 2bath fully rennovated in 2023 leased for 24vmonths at $3350 to a geat family who has been paying on time lease expires 8/2026 2nd- 7510 lurline ave. 1200 sqft 3bd/2bath brand new construction finished in 12/2024 with a two car attached garage. this unit has a beautiful stone facade, solar panels and turf all around to maxmize eneregy savings. The floor plan is a modern open living space concept. Mster bedroom with access to the backyard and its own bathroom. the other two bedrooms share the 2nd bath. the house is cozy, nicely designed and finished with upgraded finish and all brand new appliance. This unit is currently listed for rent at $3750 but new owner can occupy it and collect the rent on the other unit to help offset the monthly mortgage. great choice for investors who are looking to capitalize on the busy los angeles/ san fernando valley area. Must see to appreciate

Details

Property type

Single Family Residence

Est. home value

$810,753

Property condition

New Construction

Lot size

7,496 sq ft

Price per sq ft

$538

Year built

1955

HOA

No

Price History

01/07/2025
CRMLS

CRMLS #SR25004651

Listed
$1,299,000
+80.42%
12/02/2022
CRMLS

CRMLS #SR22221194

Sold
$720,000

Schools & Community

Neighborhood: 

Winnetka

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Los Angeles Unified

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

$569,183
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$625,897
Cash to seller
$569,183

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

Seller’s Loan History

Lender

Ample Funding Llc

Loan start date

November 2022

Original loan amount

$640,800

Est. remaining balance

$625,897

Interest rate

6.7%

Loan type

New Conventional, 30 year

Seller

Heidi Henen and George Hanna

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: 01/10/2025 at 11:40 PM

Listing updated: 01/09/2025 at 6:35 AM

Listed by: George Hanna, Colonial Real Estate Phone #: (562) 824-0135

MLS: CRMLS #SR25004651

CRMLS logo

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