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$2,288,000

Beds
2
Baths
2.5
sq ft
1,900

515 Ocean Ave Unit 308S, Santa Monica, CA 90402

515 Ocean Ave Unit 308S

Santa Monica, CA 90402

  • 139 days on market
Resort-like retreat located in the prestigious Park Plaza building. The residence features a separate den-office or third bedroom, floor-to-ceiling sliding doors, high ceilings, an updated kitchen, stainless steel appliances, and private laundry. Sunlight fills the home with multiple windows and doors that lead to an expansive private patio where you can enjoy the ultimate California lifestyle. Building amenities include a 24-hour concierge, security, pool, spa, fitness facility, and a conference room. Located close to Santa Monica dining and shopping and Palisades Park.

Details

Property type

Condominium

Est. home value

$2,150,525

Lot size

1.5475 acres

Price per sq ft

$1,205

Year built

1976

Monthly HOA fee

$2,512

Price History

03/09/2024
CLAW

CLAW #24358341

Listed
$2,288,000
03/06/2024
CLAW

CLAW #24358341

Removed
$2,288,000
02/15/2024
CLAW

CLAW #24358341

Listed
$2,288,000

Schools & Community

Neighborhood: 

North of Montana

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

$336,784
Asking price
$2,288,000
Closing costs (~8% of asking)
-$183,040
Est. remaining loan balance
-$1,768,176
Cash to seller
$336,784

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

Seller’s Loan History

Lender

Bmo Bank Na

Loan start date

August 2023

Original loan amount

$1,783,300

Est. remaining balance

$1,768,176

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Eleni Kouitorou and Andreas Biebl

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: 07/03/2024 at 8:55 AM

Listing updated: 06/28/2024 at 8:43 AM

Listed by: Chris Hicks, The Agency Phone #: (424) 400-5900

MLS: CLAW #24358341

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