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$2,999,000

Beds
5
Baths
5.0
sq ft
4,027

4607 Forman Ave, Toluca Lake, CA 91602

4607 Forman Ave

Toluca Lake, CA 91602

  • 116 days on market
    • Price drop $91,000↓
This one-story single house is not just a home; it's a living legacy. Originally crafted by M.J. Brock & Sons, Inc., renowned builders of over 20,000 homes during Milt's career, this particular masterpiece was created for Milt himself. Discover the essence of a builder's dream brought to life in this 5-bed, 5.5-bath residence. Renovated in 2018, it now combines classic charm with modern luxury. Enjoy the elegance of engineered hardwood floors, whole window wall with sliding door facing the backyard, a wood-burning brick fireplace, and a chef's kitchen with Viking Professional suite, plus a very big glass door Sub-Zero refrigerator/freezer. The master suite is a sanctuary in itself, offering a room-sized closet, French doors that open to reveal views of the pool, spa, and the verdant backyard. The master bath exudes opulence with double sinks, a jet tub, a steam shower with built-in benches, two tiolets, and a bidet. Step outside to find a backyard oasis with a covered patio, a small pool/large spa, and an outdoor BBQ station/bar. Surrounded by a wall of iceberg roses, olive and sycamore trees, this corner lot home also offers you a 3-car garage! Located near Toluca Lake's vibrant village, this is a rare opportunity to own a piece of history. Don't miss M.J. Brock's personal masterpiece - your forever home awaits!

Details

Property type

Single Family Residence

Est. home value

$3,124,371

Lot size

0.3192 acres

Price per sq ft

$745

Year built

1950

Price History

04/07/2024
CRMLS

CRMLS #AR24049622

Price change
$2,999,000
-2.94%
04/02/2024
CRMLS

CRMLS #AR24049622

Price change
$3,090,000
-1.9%
03/12/2024
CRMLS

CRMLS #AR24049622

Listed
$3,150,000
-1.53%

Schools & Community

Neighborhood: 

Toluca Lake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

$751,842
Asking price
$2,999,000
Closing costs (~8% of asking)
-$239,920
Est. remaining loan balance
-$2,007,238
Cash to seller
$751,842

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

December 2021

Original loan amount

$2,118,750

Est. remaining balance

$2,007,238

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Fan Lin and Xuan Zeng

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 12:10 AM

Listing updated: 04/07/2024 at 5:30 AM

Listed by: Autumn Yuan, Re/Max Premier Prop Arcadia Phone #: (626) 229-2200

MLS: CRMLS #AR24049622

CRMLS logo

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