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$1,202,740Estimated home value

Beds
3
Baths
2.0
sq ft
1,163

4950 Wiota St, Los Angeles, CA 90041

4950 Wiota St

Los Angeles, CA 90041

  • Sold On 10/9/2024
Found! Unique opportunity with this bright and airy bungalow situated in the highly coveted Eagle Rock neighborhood. This property has been lovingly maintained over the years, and further enhanced with cosmetic updates and thoughtful landscaping.The traditional layout includes a separate dining area adjacent to the kitchen, which is thoughtfully arranged with butcher-block counters, glass windowed cabinets, and classic checkered flooring. A doorway directly off of the kitchen conveniently leads to the back patio and beautifully terraced yard. The spacious living room is perfect for entertaining and unwinding, with beamed windows and a decorative fireplace.The backyard is a real showstopper with an abundance of exotic plants, garden beds, and mature trees. Passion Fruit, Fig, Meyer Lemon, Lime, Pomegranate, and Banana trees will provide fresh fare seasonally! A Drip Irrigation system already in place allows for highly desirable low-maintenance gardening, while minimizing water use. Take advantage of al fresco dining all year round on the patio!The home's three bedrooms are situated in the rear of the house, with a full bathroom located between two of the bedrooms. The primary suite features a newly updated bathroom and is sized generously enough to accommodate a king-size bed. A sliding glass door provides additional useful direct access to the backyard.In addition to a 1-car garage, the rear of the property features a large shed that could be a perfect canvas to add an ADU or flex space.This location is unbeatable with numerous eateries, salons, markets, and coffee shops, as well as hiking and outdoor activities, a stone's throw away, in addition to convenient access to the freeways. This home is a treasure you won't want to miss!

Details

Property type

Single Family Residence

Est. home value

$1,202,740

Lot size

5,602 sq ft

Price per sq ft

$988

Year built

1939

HOA

No

Price History

10/09/2024
CLAW

CLAW #24434699

Sold
$1,276,000
+11.05%
09/22/2024
CLAW

CLAW #24434699

Pending
$1,149,000
09/05/2024
CLAW

CLAW #24434699

Listed
$1,149,000
+9.43%

Schools & Community

Neighborhood: 

Eagle Rock

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

$523,796
Asking price
$1,149,000
Closing costs (~8% of asking)
-$91,920
Est. remaining loan balance
-$533,284
Cash to seller
$523,796

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

Seller’s Loan History

Lender

Augusta Financial Inc

Loan start date

September 2022

Original loan amount

$550,000

Est. remaining balance

$533,284

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

David Provenzano and Sarah Elizabeth Shotwell

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: Off Market

Tomo last checked: 11/09/2024 at 8:20 AM

Listing updated: 10/11/2024 at 1:26 PM

Listed by: Rachael Reiser, Real Broker Phone #: (619) 663-8680

MLS: CLAW #24434699

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