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$1,729,000

Beds
4
Baths
2.5
sq ft
1,762

7724 W 85th St, Playa Del Rey, CA 90293

7724 W 85th St

Playa Del Rey, CA 90293

  • 25 days on market
Discover the allure of a newly renovated home situated in the charming neighborhood of Play Del Rey. The living room, highlighted by a fireplace, flows effortlessly into an open-concept kitchen, creating the perfect space for entertaining and family gatherings. The private backyard, featuring mature trees, a patio, and low-maintenance artificial turf, adds to the home's appeal. This residence also boasts an oversized two-car detached garage, accessible from the rear alley, offering potential for conversion into an accessory dwelling unit (ADU). Notable features include solid white stone countertops, stainless steel appliances, a wood-burning fireplace, central heating and air conditioning, 200-amp electrical service, and a combination of copper and PEX plumbing.Take full advantage of this home's prime location, offering easy access to the beach for those who enjoy coastal living. Situated near the thriving tech hub of Silicon Beach, this property is perfect for professionals in the tech industry. Additionally, it's just a short distance from Loyola Marymount University (LMU), making it an ideal spot for students or staff. Travel is a breeze with Los Angeles International Airport (LAX) nearby, while a variety of restaurants, boutiques, and local shops add to the neighborhood's vibrant lifestyle, providing endless options for dining, shopping, and entertainment.

Details

Property type

Single Family Residence

Est. home value

$1,546,691

Property condition

Updated/Remodeled

Lot size

5,001 sq ft

Price per sq ft

$982

Year built

1960

HOA

No

Price History

10/18/2024
CRMLS

CRMLS #SB24215966

Listed
$1,729,000
-1.14%
09/25/2024
CRMLS

CRMLS #SB24184046

Removed
$1,749,000
09/05/2024
CRMLS

CRMLS #SB24184046

Listed
$1,749,000

Schools & Community

Neighborhood: 

Playa Del Rey

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Los Angeles Unified

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

$1,241,487
Asking price
$1,729,000
Closing costs (~8% of asking)
-$138,320
Est. remaining loan balance
-$349,193
Cash to seller
$1,241,487

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

January 2021

Original loan amount

$450,000

Est. remaining balance

$349,193

Interest rate

2.28%

Loan type

New Conventional, 15 year

Seller

Tad Thormodsgaard and Kelly Jean Thormodsgaard

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 2:35 PM

Listing updated: 11/10/2024 at 5:25 PM

Listed by: Denise Anello, Palm Realty Boutique, Inc. Phone #: (424) 304-2079

MLS: CRMLS #SB24215966

CRMLS logo