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$11,577,000

Beds
5
Baths
5.5
sq ft
Unknown

561 Saddle Ln, Ojai, CA 93023

561 Saddle Ln

Ojai, CA 93023

  • 494 days on market
Magnificent Ojai estate nestled on approximately 3.8 acres +/- offering sweeping views of the Topa Topas, seamlessly merges timeless old-world aesthetics with contemporary local artistry. The exquisite Mediterranean-style property envisioned by renowned architect Marc Whitman, showcases elegant curves, arched doorways, and cathedral ceilings. The stunning residence has been meticulously crafted and features solid walnut flooring, imported floor tiles from Spain, bespoke walnut cabinetry, and custom-made windows, doors, chandeliers, and hardware. The living room with multiple seating areas, fireplace, and French doors has direct access to a private library and a back patio. The gourmet kitchen enjoys luxury appliances, majestic views, and an abundance of light. The primary bedroom suite is a sanctuary with double doors leading to the terrace, stunning mountain views, two sitting areas, a fireplace, spacious closets, and a lavish bathroom. Additionally, there are three guest bedrooms, each with an ensuite bathroom and access to private patios, gardens, and the pool area. A fifth bedroom occupies the top floor and includes a loft, a fireplace, and access to two balconies. The harmonious transition between the interior and the outdoors is facilitated by numerous access points, connecting the elegant indoor spaces to the exterior, of balconies, terraces, and decks. The lower level offers versatile space that could be transformed into a game room, TV/movie room, or craft room, while the back area is ideal for a private guest suite, complete with a bathroom. Additional amenities include expansive grounds, walking paths, a spectacular pool and spa, cooling misters for hot weather, a labyrinth, wine cellar, private well, an auxiliary generator, and solar system. Infused with an ambiance of warmth, casual sophistication, and enduring comfort, this residence is truly remarkable. Conveniently located within a short distance from Downtown Ojai, with access to a myriad of dining, shopping, and recreational opportunities, including bike and walking paths.

Details

Property type

Single Family Residence

Est. home value

$11,360,804

Lot size

3.8 acres

Price per sq ft

Unknown

Year built

2008

HOA

No

Price History

10/19/2023
CLAW

CLAW #23301987

Listed
$11,577,000

Schools & Community

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

$8,495,840
Asking price
$11,577,000
Closing costs (~8% of asking)
-$926,160
Est. remaining loan balance
-$2,155,000
Cash to seller
$8,495,840

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

June 2013

Original loan amount

$2,940,000

Est. remaining balance

$2,155,000

Interest rate

3.42%

Loan type

New Conventional, 30 year

Seller

Raul E Alvarado and Hildegard M Alvarado

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: 12/23/2024 at 4:05 PM

Listing updated: 12/18/2024 at 4:55 PM

Listed by: Cristal Clarke, Berkshire Hathaway HomeServices California Properties Phone #: (805) 969-5026

MLS: CLAW #23301987

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