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$2,699,000

Beds
3
Baths
2.5
sq ft
2,021

6401 Colgate Ave, Los Angeles, CA 90048

6401 Colgate Ave

Los Angeles, CA 90048

  • 44 days on market
    • Price drop $90,000↓
    • Open house Jun 29
Beautiful Spanish home with original character and multiple beautiful courtyards, offering an oasis from city life. Walk into the expansive living room and notice the exquisitely exposed wood beam ceiling, original fireplace, and French doors leading to the courtyard, which is perfect for entertaining. The kitchen has new quartz countertops, Viking appliances, and beautiful brass hardware, highlighting the custom cabinetry. It has three character-filled bedrooms, all with lush views of the surrounding gardens. The primary has a soaking tub as well as a walk-in shower with custom cabinetry and quartz countertops. There are French doors throughout leading to the bougainvillea and sweet-smelling jasmine in the gorgeous, private backyard, complete with a built in grill, wraparound pergola, and a twelve person hot tub that doubles as a small pool on warm summer days. This is a quintessential character home with a walk score of 93. Imagine leaving your car for the whole weekend and strolling to all your favorite restaurants and shops through the beautiful neighborhood of Beverly Grove. Come see this gem today!

Details

Property type

Single Family Residence

Est. home value

$2,255,076

Property condition

Updated/Remodeled

Lot size

6,605 sq ft

Price per sq ft

$1,336

Year built

1927

HOA

No

Price History

06/26/2024
CLAW

CLAW #24391405

Price change
$2,699,000
-3.23%
05/16/2024
CLAW

CLAW #24391405

Listed
$2,789,000
05/13/2024
CLAW

CLAW #24390577

Removed
$2,789,000

Schools & Community

Neighborhood: 

Mid City West

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$655,064
Asking price
$2,699,000
Closing costs (~8% of asking)
-$215,920
Est. remaining loan balance
-$1,828,016
Cash to seller
$655,064

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

Seller’s Loan History

Lender

Intercap Lending

Loan start date

March 2023

Original loan amount

$1,856,250

Est. remaining balance

$1,828,016

Interest rate

6.09%

Loan type

New Conventional, 30 year

Seller

Howard William Morse Ii and Stephens Michael Quarto

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: 06/29/2024 at 7:25 AM

Listing updated: 06/26/2024 at 10:03 AM

Listed by: Lauren Narozniak, Pardee Properties Phone #: (310) 907-6517

MLS: CLAW #24391405

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