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$1,295,000

Beds
4
Baths
2.0
sq ft
3,714

8057 Bellaire Ave, North Hollywood, CA 91605

8057 Bellaire Ave

North Hollywood, CA 91605

  • 63 days on market
    • Price drop $200,000↓
8057-8061 Bellaire Avenue includes the sale of a renovated 4BD/2BA 1,596 SQFT estate that features a great floor plan, color palette, and a variety of unexpected textures. Additionally, the corner lot property includes within the sale fully approved permit ready plans to develop the unused land area to build two additional units consisting of a two story structure consisting of 2BD style townhouse units with a rooftop deck. The units will add an additional 2,118 square feet to the property for use and feature a well thought out layout and floor plan. Upon completion, an additional unit could be potentially developed. Don't miss this incredible opportunity to own a beautiful estate and have the opportunity to develop new units in addition to the existing residence.

Details

Property type

Single Family Residence

Est. home value

$895,988

Lot size

9,360 sq ft

Price per sq ft

$349

Year built

1953

HOA

No

Price History

09/24/2024
CRMLS

CRMLS #SR24181794

Price change
$1,295,000
-13.38%
09/03/2024
CRMLS

CRMLS #SR24181794

Listed
$1,495,000
+99.33%
10/21/2022
CRMLS

CRMLS #SR22183216

Sold
$750,000

Schools & Community

Neighborhood: 

Sun Valley

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

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

$362,772
Asking price
$1,295,000
Closing costs (~8% of asking)
-$103,600
Est. remaining loan balance
-$828,628
Cash to seller
$362,772

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

Seller’s Loan History

Lender

Homexpress Mortgage Corp

Loan start date

July 2023

Original loan amount

$840,000

Est. remaining balance

$828,628

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Rosemberg Salgado

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: 11/05/2024 at 4:30 AM

Listing updated: 10/27/2024 at 12:26 PM

Listed by: Krikor Demirjian, Bellamar Realty Phone #: (818) 940-4310

MLS: CRMLS #SR24181794

CRMLS logo