1745 Correa Way Los Angeles, CA 90049

$11,000,000 Sold Price as of 12/06/2018

5 Beds
8 Baths
6,076 Sq.Ft.

Off Market

$11,000,000 Sold Price as of 12/06/2018 Refinance Your Mortgage

Map preview of 1745 Correa Way, Los Angeles, CA 90049

Property Overview: 1745 Correa Way Los Angeles, CA has 5 bedrooms, 8 bathrooms, 6,076 living square feet and 48,525 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1745 Correa Way is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1745 Correa Way

Last sold for $11,000,000 on December 6th, 2018

December, 2018
Dec 6, 2018

Date

Sold (Public Records)

Public Records

$11,000,000

Price
October, 2018
Oct 4, 2018

Date

Canceled

CRMLS: 18353848

$13,000,000

Price
Jun 21, 2018

Date

Active

CRMLS: 18353848

$13,000,000

Price
Listing provided courtesy of CRMLS

Once the home of entertainment legend, Garry Shandling, and his renowned basketball game, this nearly 50,000 sq ft estate lot is on the open market for the first time in more than 25 years. At the end of a coveted 9-house cul-de-sac and boasting staggering ocean views and a park-like setting with incredible mature foliage, this magical property provides the ultimate in security, privacy and serenity. The current owners were building the home of their dreams, but, due to personal circumstances, have elected to not build; this is not a developer trying to profit without building. Current LA City approved plans (with paid permits) are for a nearly 9,000 sq ft structure. The slope band analysis indicates you can build 13,950 sq ft PLUS whatever is allowed for basement. This is a one-of-a-kind opportunity to build your forever home or to develop as a spec house.

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August, 2016
Aug 19, 2016

Date

Sold (Public Records)

Public Records

$10,650,000

Price

Tax History for 1745 Correa Way

Assessed Value (2020): $11,220,000

Year	Land Value	Improved Value	Assessed Value
2020	$7,140,000	$4,080,000	$11,220,000

About 1745 Correa Way

Detailed summary of property

1745 Correa Way is a single family home in Los Angeles, CA 90049 and last sold on December 6, 2018 for $11,000,000. This house has 5 bedrooms, 8 bathrooms, roughly 6,076 living square feet, and sits on an approximately 48,525 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 824.37% higher than the current median priced home. 1745 Correa Way was last sold on December 6, 2018 for $11,000,000. Local nearby listings include 714 Claymont Dr, 2086 Westridge Rd and 2130 Mandeville Canyon Rd. The average home in Los Angeles, CA is selling in 93 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. If you are the homeowner and looking to sell the home at 1745 Correa Way Los Angeles, CA 90049 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1745 Correa Way

Public county record property details

Beds: 5
Baths: 8
Year built: 1992
Sq. Ft.: 6,076
Lot Size: 48,525
Stories: --

Type: Single Family Residential
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 8,10
APN: 4426-005-011

The source for these homes facts are from public records.

90049 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$3,750,000

Median List Price/Sq.Ft.

$1,145

Median Sold Price

$2,150,000

Median Sold Price/Sq.Ft.

$913

Total Inventory

200

Median Sale to List Price %

97.95%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (7.41%)

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