tomo logo

$3,850,000

Beds
5
Baths
4.0
sq ft
2,864

844 Palms Blvd, Venice, CA 90291

844 Palms Blvd

Venice, CA 90291

  • 14 days on market
Experience modern luxury in this stunning architectural compound with sparkling pool, privately nestled behind lush landscaping. This 5 bedroom + 4 bathroom residence with an attached guest house features striking architectural details, including a steel staircase, polished concrete and gleaming hardwood floors, and expansive walls of glass seamlessly open to flourishing outdoor spaces. Entertain around the built-in fire pit or in the al fresco dining area, perfect for gatherings under the stars.The spacious primary suite includes a luxurious en-suite bathroom, walk-in closet, and sliding glass doors that lead to an enviable 800 sq ft rooftop sundeck. High-end finishes are found throughout the home, including stainless steel Sub-Zero, Wolf, and Liebherr appliances, custom cabinetry, and a comprehensive security system. The attached 1 bedroom + 1 bathroom guest house, complete with a full kitchen, offers ideal flexibility for guests, rental income, or an extended live/work space.A spacious two-car garage provides direct access to the property, adding to the home's convenience and security. Located just minutes from Abbott Kinney and the vibrant Lincoln Corridor, this private oasis combines sophistication with the perfect blend of comfort and style.

Details

Property type

Single Family Residence

Est. home value

$3,695,178

Lot size

5,301 sq ft

Price per sq ft

$1,345

Year built

1964

HOA

No

Price History

11/07/2024
CLAW

CLAW #24457507

Listed
$3,850,000
+10%
06/27/2018
CLAW

CLAW #18320094

Sold
$3,500,000

Schools & Community

Neighborhood: 

Venice

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

$954,806
Asking price
$3,850,000
Closing costs (~8% of asking)
-$308,000
Est. remaining loan balance
-$2,587,194
Cash to seller
$954,806

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

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

March 2022

Original loan amount

$2,725,000

Est. remaining balance

$2,587,194

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Geoffrey A Weg

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: 11/21/2024 at 4:40 PM

Listing updated: 11/15/2024 at 5:15 AM

Listed by: Todd Bachenheimer, Compass Phone #: (323) 593-6999

MLS: CLAW #24457507

CLAW logo

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