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$6,500,000

Beds
4
Baths
3.75
sq ft
3,950

404 Sherman Canal, Venice, CA 90291

404 Sherman Canal

Venice, CA 90291

  • 5 days on market
Live the Venice Beach dream in this bright architectural on the iconic Canals. Be greeted by elegant, sleek finishes once inside this luminous home featuring stylish Fleetwood floor-to-ceiling windows and doors. The first floor is an entertainer's dream with a unique and elegantly designed open floor-plan that exudes modern-style chic while also being anchored with a spectacular set of curved Cathedral-style windows that open to the patio and canal beyond. There is a gorgeous open chef's kitchen with superior quality Dacor appliances, porcelain Arabesco Calcutta Marble countertops, walk-in pantry, charming outdoor breakfast nook and spacious island that could serve as an ideal setting for hosting gatherings of any size. Stunning Scandinavian Blonde hardwood floors lead to an open living room accented by a silver travertine fireplace overlooking the canals. The spacious waterfront deck is equipped with a luxurious custom outdoor kitchen and bbq for al fresco dining. Transcending to the second story, you will discover a well-appointed family room that features a cozy fireplace, reading nook, balcony, and stunning views. The second story also contains three generously sized bedrooms, balconies, and two full bathrooms with black mosaic pebble floors. The third story is an incredible 1,300sqft primary suite which extends across the entire floor. This suite features a luxurious deck, fireplace, oversized walk-in closet, and an incredible spa-like bathroom with designer steam shower, relaxing soaking tub, dual vanities and ample storage. Spend your evenings watching the sunset from the exceptional rooftop deck with its 360-degree views from the Santa Monica Mountains to the Hollywood sign. This jewel is in the heart of Venice, just steps off the beach, and close to fine dining, gourmet markets, on trend boutiques, LAX and all the magic the Westside has to offer. It is located on the quiet, residential side of the canals and is one of the rare homes in this renowned neighborhood with direct street access.

Details

Property type

Single Family Residence

Est. home value

$4,795,375

Property condition

New Construction

Lot size

2,850 sq ft

Price per sq ft

$1,646

Year built

2022

HOA

No

Price History

01/17/2025
CLAW

CLAW #25484513

Listed
$6,500,000
+18.29%
02/01/2023
CLAW

CLAW #22209067

Sold
$5,495,000
+149.77%
09/26/2014
CLAW

CLAW #13705747

Sold
$2,200,000

Schools & Community

Neighborhood: 

Venice

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

$5,221,170
Asking price
$6,500,000
Closing costs (~8% of asking)
-$520,000
Est. remaining loan balance
-$758,830
Cash to seller
$5,221,170

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

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

February 2024

Original loan amount

$766,500

Est. remaining balance

$758,830

Interest rate

6.61%

Loan type

New Conventional, 30 year

Seller

Daniel J Louth and Daniel J Louth Revocable Living Trust

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: 01/22/2025 at 2:00 PM

Listing updated: 01/17/2025 at 8:58 AM

Listed by: Julie Kirschbaum, ENGEL & VÖLKERS Santa Monica Phone #: (310) 460-2525

MLS: CLAW #25484513

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