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$2,053,371Estimated home value

Beds
5
Baths
3.0
sq ft
3,720

3960 Olive Ave, Long Beach, CA 90807

3960 Olive Ave

Long Beach, CA 90807

  • Off market
Welcome to 3960 Olive Avenue, a remarkable piece of history. Architectural Digest Archive Article is now added in pictures, along with recent upgrades with completion dates! Originally built by Jotham Bixby and designed by the renowned architect, Kenneth Wing, is a significant example of architectural heritage and historical importance. Jotham Bixby, known as the “Father of Long Beach” was a prominent rancher and land developer. Kenneth Wing, is celebrated for his influential designs and architectural style, blending traditional with modern elements, his meticulous attention to detail, use of only the highest quality materials used in construction, resulting in timeless and elegant masterpieces such as 3960 Olive Avenue. The main house is a sprawling 3,720 square foot structure, featuring, 5 bedrooms and 4 bathrooms, multiple levels and expansive rooms. Key features include large windows, high ceilings, custom detailed crown moldings, stunning wide sweeping curved foyer staircase, open floor plan, allowing natural light to flood the interiors. Designed to complement the natural surroundings, the over-sized double 14,444 square foot lot, with landscaping includes native plants, manicured lawns and the pristine, glistening waters of the luxurious custom-built swimming pool, offering an inviting, refreshing outdoor garden oasis, perfect for entertaining or your own private retreat. Including a covered entertaining area, with a built-in brick framed outdoor BBQ, designed for both casual cookouts and gourmet grilling. The kitchen alone is something you must see for yourself. A true Gourmet Chef’s Kitchen is a harmonious blend of top-tier functionality and exquisite design. It provides the perfect environment for culinary creativity, with professional-grade tools and a beautifully designed space that inspires. Newer Sub-Zero, with custom wood panel fronts, 8 burner commercial Wolf Stove, Double Ovens, Bosch Dishwasher, Custom Cabinetry, Gorgeous Quartz Countertops, Wine/Beverage Refrigerator, Custom Farm Sink, SO Much More! There is a large downstairs guest room/house, with its own separate entrance. Includes a bathroom and shower, walk-in closet with laundry hook-ups. Endless possibilities, for Guest House, Rental, Multiple Generational Living, Nanny space Etc. You Must see this amazing piece of history, that could be Yours!

Details

Property type

Single Family Residence

Est. home value

$2,053,371

Lot size

0.3316 acres

Price per sq ft

$672

Year built

1937

Price History

07/19/2024
CRMLS

CRMLS #PW24117082

Removed
$2,499,000
07/07/2024
CRMLS

CRMLS #PW24117082

Pending
$2,499,000
06/10/2024
CRMLS

CRMLS #PW24117082

Listed
$2,499,000

Schools & Community

Neighborhood: 

Bixby Knolls

Elementary school: 

Longfellow

Middle school: 

Hughes

High school: 

Polytechnic

Community features: 

Street Lights, Sidewalks

High school district: 

Long Beach Unified

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

$2,178,070
Asking price
$2,499,000
Closing costs (~8% of asking)
-$199,920
Est. remaining loan balance
-$121,010
Cash to seller
$2,178,070

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

Seller’s Loan History

Lender

Provident Funding Associates Lp

Loan start date

August 2001

Original loan amount

$275,000

Est. remaining balance

$121,010

Interest rate

7.11%

Loan type

Not Provided, 30 year

Seller

Richard James Blay and Ann Whalen Blay

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: Off Market

Tomo last checked: 09/27/2024 at 3:30 PM

Listing updated: 07/18/2024 at 1:53 PM

Listed by: Alan Fasnacht, Team Fasnacht Realty Phone #: (562) 243-5948

MLS: CRMLS #PW24117082

CRMLS logo

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