tomo logo

$5,900,000

Beds
3
Baths
4.0
sq ft
3,898

898 Commonwealth Ave, Venice, CA 90291

898 Commonwealth Ave

Venice, CA 90291

  • 115 days on market
Back on the Market with new pricing. The John Baldessari Gallery Residence, 2018, Frank O. Gehry, CC, FAIA. John Baldessari and Frank Gehry! As impossible to pigeonhole a style of these giants of art and architecture, so it is with their collaboration on John's own home, the model of which was featured center at LACMA's Frank Gehry Retrospective. It's modern, of course, and constructed of the finest materials and accessories available, but in understanding the work, and its success, these terms seem almost irrelevant. It is probably best described in terms of function.Frank and John were friends. From stories about John, one can imagine a request that may have gone like this: Frank, I'm tired of traipsing up and down stairs every time I want something from the kitchen. I want my bedroom to be just steps from everything: my art, my library, the kitchen, and an outdoor place where I can enjoy a cigar, a glass of wine, and a view of the golf course next door. Frank achieved these requirements by pinwheeling the living space and gallery around a cloistered heptagonal courtyard, thus referencing, if not by shape, the program of the early California Missions. Reversing tradition, the master bedroom is on the ground floor, while the guest bedrooms are on the second floor. An elevator contiguous to the master bedroom ascends to the rooftop patios with golf course and city vistas.

Details

Property type

Single Family Residence

Est. home value

$4,380,387

Lot size

0.2348 acres

Price per sq ft

$1,514

Year built

2018

Price History

03/07/2024
CLAW

CLAW #24366195

Listed
$5,900,000

Schools & Community

Neighborhood: 

Venice

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

$1,648,297
Asking price
$5,900,000
Closing costs (~8% of asking)
-$472,000
Est. remaining loan balance
-$3,779,703
Cash to seller
$1,648,297

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

October 2017

Original loan amount

$4,375,000

Est. remaining balance

$3,779,703

Interest rate

3.78%

Loan type

New Conventional, 30 year

Seller

John Baldessari and The John Baldessari Trust

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: 07/01/2024 at 11:20 AM

Listing updated: 04/10/2024 at 11:11 AM

Listed by: Crosby Doe, Crosby Doe Associates, Inc. Phone #: (310) 275-2222

MLS: CLAW #24366195

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