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$3,350,000

Beds
Unknown
sq ft
5,061

221 S Tower Dr, Beverly Hills, CA 90211

221 S Tower Dr

Beverly Hills, CA 90211

  • 36 days on market
This exquisite two-story Mediterranean-style building exudes timeless elegance with its stucco walls, signature tiled roof, and classic arched windows. A unique round turret with vertical windows serves as a focal point. A perfect blend of historic charm and modern convenience, each unit features 2 spacious bedrooms and 2 beautifully updated bathrooms. The interiors has tile flooring in the common areas, while the living rooms and bedrooms are adorned with sleek laminate flooring, providing both comfort and style. The modern kitchens are equipped with stainless steel appliances, and each unit includes in-unit washers and dryers, central air conditioning, and thoughtfully designed bathrooms for the ultimate in contemporary living. The property offers gated access and a detached carport with space for three vehicles, ensuring privacy and convenience for residents. Its prime location in Beverly Hills, located near the under-construction Metro D Line subway extension, which will make the area even more desirable once project is complete. Conveniently located just few blocks from popular shopping, dining, entertainment and parks. With its blend of modern upgrades, architectural charm, and an unbeatable location. This property is ideal choice for those seeking a stylish home and a investment in Beverly Hills. Beverly Hills is synonymous with luxury living and consistently high demand for real estate. The property’s proximity to iconic Rodeo Drive, world-class dining, and renowned schools ensures strong short-term rental prospects, while also guaranteeing long-term market stability. With its blend of modern upgrades, architectural charm, and an unbeatable location, this property is the ideal choice for those seeking a stylish home and a solid investment in the heart of Beverly Hills.

Details

Property type

Apartment

Est. home value

$4,161,095

Lot size

6,498 sq ft

Price per sq ft

$662

Year built

1928

Price History

10/09/2024
CRMLS

CRMLS #IV24209983

Listed
$3,350,000
-11.84%
03/08/2024
CRMLS

CRMLS #SR23206111

Removed
$3,799,999
11/07/2023
CRMLS

CRMLS #SR23206111

Listed
$3,799,999
+21.1%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

$657,984
Asking price
$3,350,000
Closing costs (~8% of asking)
-$268,000
Est. remaining loan balance
-$2,424,016
Cash to seller
$657,984

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

Seller’s Loan History

Lender

Stg Mortgage Inc

Loan start date

September 2022

Original loan amount

$2,500,000

Est. remaining balance

$2,424,016

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Aimin Zhang

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?

Status: Active

Tomo last checked: 11/14/2024 at 2:00 PM

Listing updated: 10/10/2024 at 3:48 PM

Listed by: KAREN CHENG, BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY Phone #: (951) 363-0002

MLS: CRMLS #IV24209983

CRMLS logo

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