tomo logo

$1,495,000

Beds
2
Baths
1.75
sq ft
1,149

2617 S Burnside Ave, Los Angeles, CA 90016

2617 S Burnside Ave

Los Angeles, CA 90016

  • 2 days on market
    • Open house Sep 28
Artfully reimagined Scandinavian inspired Spanish bungalow retreat in the heart of WestAdams. Seamlessly integrates original 1920s charm with the function and beauty of Scandinavian design to create a warm and modern living space. A hedged and gated entrance creates a private and lush oasis featuring plumeria, palo verde and mature cacti. A hand carved vintage wood front door reveals original 1920s details such as archways, vaulted ceilings, wide plank maple floors, complemented with modern designer accents such as hand-made Allied Maker orb sconces, Bonderup & Thorup x Gubi pendant, minimalist birch custom built ins, and a matte black Zircon Cone fireplace. Fully restored vintage steel casement windows allow light to flow through out the home. The updated kitchen features a stone counter with built in sink, custom cabinets and floating shelves, Viking range, and large kitchen island. The primary bedroom features a large, open built in closet and ensuite bathroom with a stained-glass window and sunken tub. The yard features several outdoor seating areas, raised bed gardens and a potting shed. Beautifully converted shipping container with electricity and French doors is perfect for a gym or office. There are two additional storage containers to creatively repurpose or a great solution for storage needs. The property is peppered with multiple fruit trees including banana, guava, apple, lemon and pomegranate. A large sliding gate provides access to two private parking spaces. Updated home systems include plumbing, full house water filtration system, HVAC, irrigation system, new ChargePoint HomeFlex EV station, motorized gate opener, and more.

Details

Property type

Single Family Residence

Est. home value

$1,295,250

Lot size

5,155 sq ft

Price per sq ft

$1,302

Year built

1926

HOA

No

Price History

09/25/2024
CLAW

CLAW #24439573

Listed
$1,495,000
+4.55%
03/08/2023
CLAW

CLAW #23233729

Sold
$1,430,000
+244.58%
06/18/2015
CRMLS

CRMLS #IN15104536

Sold
$415,000
+35.18%

Schools & Community

Neighborhood: 

West Adams

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$322,539
Asking price
$1,495,000
Closing costs (~8% of asking)
-$119,600
Est. remaining loan balance
-$1,052,861
Cash to seller
$322,539

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

February 2023

Original loan amount

$1,072,500

Est. remaining balance

$1,052,861

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Shu Shiang Hung and Joseph George Magliaro

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: 09/27/2024 at 7:15 PM

Listing updated: 09/25/2024 at 10:51 AM

Listed by: Sara Lov, MAISONRE Phone #: (877) 468-7301

MLS: CLAW #24439573

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