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$1,400,000

Beds
3
Baths
1.5
sq ft
1,600

4143 Sumac Dr, Sherman Oaks, CA 91403

4143 Sumac Dr

Sherman Oaks, CA 91403

  • 81 days on market
    • Price drop $50,000↓
Nestled within the highly coveted Sherman Oaks neighborhood, this newly remodeled charming property exudes picturesque allure with its white picket fence and enveloping mature trees. Boasting 3 bedrooms and 1.5 bathrooms, this residence offers a timeless floorplan spanning 1,600 square feet of living space. Bright interiors feature lovely newly installed pre-engineered laminate flooring, accentuated by French windows and doors, recessed lighting, and abundant storage throughout. Entering beneath a lofty cathedral beamed ceiling, you'll discover a formal living room adorned with a brick fireplace and double doors that seamlessly extend to the patio outdoors. Adjacent lies a formal dining area, ideal for hosting intimate gatherings or simply unwinding with loved ones after a busy week. The kitchen showcases stainless brand new steel appliances, white countertops, and cabinets adorned with elegant silver fixtures, while concluding with wall-to-wall built-in cabinets. Bedrooms are generously proportioned, with plenty of closet space. The primary room has a private en-suite bathroom. The guest bathroom boasts a double sink vanity for added convenience. This home features a brand-new HVAC system, new windows, and a newly upgraded electrical system. Multiple doors provide effortless access to the exterior, where two side yards and a spacious backyard await, landscaped with lush greenery and vibrant flowers. A sprawling patio space and an in-ground spa beckon relaxation. Conveniently located above Ventura Boulevard, this residence offers close proximity to dining, shopping and schools, ensuring a lifestyle of ease and convenience. Welcome Home!

Details

Property type

Single Family Residence

Est. home value

$1,367,355

Lot size

7,892 sq ft

Price per sq ft

$875

Year built

1953

HOA

No

Price History

10/16/2024
CRMLS

CRMLS #GD24170203

Price change
$1,400,000
-3.45%
09/06/2024
CRMLS

CRMLS #GD24170203

Price change
$1,450,000
-3.01%
08/16/2024
CRMLS

CRMLS #GD24170203

Listed
$1,495,000
+15%

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

High school district: 

Los Angeles 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

$195,290
Asking price
$1,400,000
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$1,092,710
Cash to seller
$195,290

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

Seller’s Loan History

Lender

Verus Residential Loanco Llc

Loan start date

September 2023

Original loan amount

$1,105,000

Est. remaining balance

$1,092,710

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Timothy Graves

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: 11/05/2024 at 12:40 AM

Listing updated: 11/01/2024 at 1:10 PM

Listed by: Marlin Dginguerian, JohnHart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #GD24170203

CRMLS logo

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