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$8,495,000

Beds
4
Baths
5.0
sq ft
3,018

224 Glenroy Pl, Los Angeles, CA 90049

224 Glenroy Pl

Los Angeles, CA 90049

  • 99 days on market
A very private single-level home that exudes sophistication and style. Redone in a warm, yet simple design that is timeless. Set down from the street behind an impressive gate, a 3/4-acre canyon and city view lot has a lower Bel Air worthy position. The open layout is anchored by light oak flooring throughout. The canyon facing rooms reveal the rear yard with sliding glass doors to enjoy an indoor/outdoor lifestyle. Kitchen provides Miele, Wolf and Sub-Zero appliances with Caesar stone counter tops. Three car garage (currently used as a gym), maids room off kitchen and a bonus den offers many options. Recently added new roof and Tesla Solar panels with Power Wall battery back up system add to the quality of this home. Beyond the expansive flat and grassed main yard is a large lower pad. Add a pool here, or utilize the land for redevelopment. There is amazing potential to fully utilize the sweeping jetliner views of the city to the ocean to construct a larger home. Owners have commissioned design of a new light filled contemporary home and poolside guest house comprising 8,968 sq ft with 6 bed and 8 bath. Plans are in final stage of plan check with the City of Los Angeles with final approval expected shortly. Come experience this serene and verdant setting, and discover a truly remarkable opportunity.

Details

Property type

Single Family Residence

Est. home value

$6,995,028

Lot size

0.7208 acres

Price per sq ft

$2,815

Year built

1948

HOA

No

Price History

03/28/2024
CLAW

CLAW #24370117

Listed
$8,495,000
+33.78%
11/18/2021
CLAW

CLAW #21754524

Sold
$6,350,000
+47.5%
12/19/2017
CLAW

CLAW #17287372

Sold
$4,305,000

Schools & Community

Neighborhood: 

Bel Air

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$3,330,016
Asking price
$8,495,000
Closing costs (~8% of asking)
-$679,600
Est. remaining loan balance
-$4,485,384
Cash to seller
$3,330,016

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

October 2021

Original loan amount

$4,762,500

Est. remaining balance

$4,485,384

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Kazuo Suzuki and Jacquelyn A Maxton

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: 07/06/2024 at 12:55 AM

Listing updated: 06/10/2024 at 12:43 PM

Listed by: Barry Watts, Carolwood Estates Phone #: (310) 623-3600

MLS: CLAW #24370117

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