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$1,997,500

Beds
4
Baths
4.0
sq ft
4,151

6438 Georgius Way, Los Angeles, CA 90068

6438 Georgius Way

Los Angeles, CA 90068

  • 3 days on market
Hollywood Hills East at its best. A renovation dream...Half of the work is done with 50% of the property is now down to studs and ready for your own vision. This property had water intrusion last year in 2023 due to two trees along Holly and Old Dell knocking out the power up on the hill...BTW time the power came back on, the sump pumps did not come back on due to a electrical short. Most of the pictures are before the water damage with a few current pictures at bottom of picture feed. All SS appliances are in storage and included. It has big views of the valley toward Santa Monica and on clear days can see the ocean in the distance, which is approximately 12 miles as the crow flies.This light and bright property at the top of the hill is located about 200 yards from the Hollywood Reservoir gate and the 3.5 mile trail around the lake. In addition, you can take the East trail all the way to the Hollywood Sign and even catch the trail to the Griffith Observatory. To further accentuate this valuable location, Georgius Way is a short CDS with only 3 homes and 2 large lots at end of the street. Also, all homes were built by the same builder who specializes in the Hollywood Hills. To get to more specifics, this property has 4 bedrooms and 5 baths. (4th bedroom is presently used as an office) This 3 level property is built into the hillside and has expansive views from every level. The top level has a 3 car garage and formal entry with stacked stone and waterfall. with a large private junior master with jetted tub and sauna. As you go down, you enter the main living area that encompasses a highly upgraded kitchen with GE Monogram SS appliances, Family room, dining room and office/bedroom option. The final level has the primary suite with fireplace, large office/library/yoga room, beautiful master bath, secondary bedroom…Finally as you ascend down to the ground level, there is a half bath, wine cellar with tasting room, entertainment yard with artificial turf area that has been engineered and reinforced for a future pool. Quick note, this highly desirable location is approximately 5 min or 1.5 miles from 101 Freeway ramp and approximately 2 miles or 8 min to Pantages Theatre and Hollywood Bowl. (Inside pictures are in order of top level, then main level, then bottom level and then backyard deck area and wine cellar...then down to expansive lower area with pergola/fire pit and artificial turf area that has been engineered and permitted for a pool per builder).

Details

Property type

Single Family Residence

Est. home value

$2,922,888

Lot size

6,454 sq ft

Price per sq ft

$482

Year built

2007

HOA

No

Price History

11/10/2024
CRMLS

CRMLS #OC24230974

Listed
$1,997,500
-4.43%
11/09/2024
CRMLS

CRMLS #OC24048035

Removed
$2,090,000
06/17/2024
CRMLS

CRMLS #OC24048035

Price change
$2,090,000
-0.24%

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Senior community center: 

Yes

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

$139,590
Asking price
$1,997,500
Closing costs (~8% of asking)
-$159,800
Est. remaining loan balance
-$1,698,110
Cash to seller
$139,590

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

Seller’s Loan History

Lender

Financial Partners Cu

Loan start date

November 2020

Original loan amount

$1,860,000

Est. remaining balance

$1,698,110

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

William Stanley Spry and Heidi Rebecca Fielek Spry

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: 11/12/2024 at 9:00 PM

Listing updated: 11/11/2024 at 6:20 AM

Listed by: Tom Franco, Harcourts Prime Properties Phone #: (949) 248-1888

MLS: CRMLS #OC24230974

CRMLS logo

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