tomo logo

$4,250,000

Beds
3
Baths
2.0
sq ft
2,156

215 La Vereda Rd, Pasadena, CA 91105

215 La Vereda Rd

Pasadena, CA 91105

  • 49 days on market
Freshly Restored - Kubly House - Craig Ellwood, Architect - 1965 ---- Working with the mantra ''Do No Harm'' the current owners hired Carl Bronson, of Bronstruction, to bring this Kubly House into the current decade. Failing major systems were updated to current standards and a partition wall was removed to create a spacious primary suite. Corrective surface work throughout the house followed the sensibilities and colorways of the original scheme. The result is a timeless and ultimately livable piece of art sheltered by ancient oaks and mature plantings. The gently sloped lot, with its irregular shape would easily support the addition of truly private ADU, workshop or studio. ---- The Provenance of Kubly House: Art Center College of Design was at the center of Don and Sally Kubly's universe; both as alumni, and later when Don became the second president of the institution. At the time, the couple was deeply embedded in the creative fiber of mid-century modern Los Angeles. Attracted to the iconoclastic personality of Craig Ellwood, and cutting-edge work of his firm, the Kublys selected Ellwood to design a modern residence to house their growing family.Working in wood and glass, Ellwood rendered a transparent horizontal box and elevated it like a pavilion amidst the massive gum and oak trees shading the site. The resulting post and beam structure proved fitting for the Pasadena neighborhood where his contemporaries, several of them also Case Study architects, practiced their craft.The Kublys, satisfied in their working relationship with Ellwood, were instrumental in hiring him to design Art Center's hillside campus when the college relocated to Pasadena.

Details

Property type

Single Family Residence

Est. home value

$3,501,356

Property condition

Updated/Remodeled

Lot size

0.6 acres

Price per sq ft

$1,972

Year built

1965

Price History

05/18/2024
CRMLS

CRMLS #P1-17735

Listed
$4,250,000
+18.06%
05/09/2022
CRMLS

CRMLS #P1-8816

Sold
$3,600,000

Schools & Community

Neighborhood: 

North Arroyo

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban

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

$2,830,394
Asking price
$4,250,000
Closing costs (~8% of asking)
-$340,000
Est. remaining loan balance
-$1,079,606
Cash to seller
$2,830,394

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

Seller’s Loan History

Lender

Newrez Llc

Loan start date

August 2023

Original loan amount

$1,089,300

Est. remaining balance

$1,079,606

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

David Patrick Nixon and David Patrick Nixon Rlt

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: 07/05/2024 at 7:05 PM

Listing updated: 05/25/2024 at 10:20 AM

Listed by: John Matthes, Crosby Doe Associates, Inc. Phone #: (310) 275-2222

MLS: CRMLS #P1-17735

CRMLS logo

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