tomo logo

$4,495,000

Beds
3
Baths
3.0
sq ft
2,682

216 Marguerite Ave Unit 1, Corona Del Mar, CA 92625

216 Marguerite Ave Unit 1

Corona del Mar, CA 92625

  • 114 days on market
    • Price drop $400,000↓
Sellers will consider a lease with an option to purchase. This remarkable house, though classified as a condominium, exudes the essence of a single-family home. While it does share an adjoining wall, it is NOT the traditional front and back unit configuration. Step inside, and you will be greeted by a truly open concept living space that seamlessly connects each area. The thoughtful design of this house creates a sense of spaciousness and flow, perfect for modern living. There is a downstairs bedroom and for added convenience, an elevator gracefully transports you to the second floor, where you will find two additional en suite bedrooms and baths. This feature adds a touch of luxury and accessibility to the home. Over the course of three years, the current owners have spared no expense in upgrading this residence, leaving no stone unturned. Every aspect of the house has been meticulously improved, resulting in a virtually brand-new home with all the latest amenities and features. Situated just four houses away from the renowned beaches of Corona Del Mar, this property boasts a truly magnificent location. The combination of a phenomenal property and an enviable position make this house an irresistible opportunity.

Details

Property type

Condominium

Est. home value

$3,685,110

Lot size

Unknown

Price per sq ft

$1,676

Year built

1941

Price History

05/17/2024
CRMLS

CRMLS #NP24051228

Price change
$4,495,000
-8.17%
03/13/2024
CRMLS

CRMLS #NP24051228

Listed
$4,895,000
+57.4%
10/28/2021
CRMLS

CRMLS #NP21119915

Sold
$3,110,000

Schools & Community

Neighborhood: 

Corona del Mar

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Suburban, Sidewalks

High school district: 

Newport Mesa Unified

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mufg Union Bank Na

Loan start date

September 2021

Original loan amount

$2,488,000

Est. remaining balance

Not provided

Interest rate

4%

Loan type

New Conventional, 30 year

Seller

Rajesh J Luhar and Daksha Luhar

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: 07/04/2024 at 8:45 PM

Listing updated: 05/31/2024 at 10:09 AM

Listed by: Adrienne Brandes, Surterre Properties Inc. Phone #: (949) 717-7100

MLS: CRMLS #NP24051228

CRMLS logo

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