701 Vernon Ave Venice, CA 90291

$1,870,000 Sold Price as of 12/29/2017

3 Beds
2 Baths
1,380 Sq.Ft.

Off Market

$1,870,000 Sold Price as of 12/29/2017 Refinance Your Mortgage

Map preview of 701 Vernon Ave, Venice, CA 90291

Property Overview: 701 Vernon Ave Venice, CA has 3 bedrooms, 2 bathrooms, 1,380 living square feet and 6,306 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

701 Vernon Ave is currently an off market home in the city of Venice. 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 Venice has a median list price of $2,450,000. The median price per/sqft for Venice is $1,225. With those numbers in mind, if you are looking to purchase a median priced home in Venice, CA and put 20% down you will need to save up $490,000 for the down payment and will need roughly $49,000 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 Venice the commission could be as much as $94,700. 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 701 Vernon Ave

Last sold for $1,870,000 on December 29th, 2017

January, 2018
Jan 3, 2018

Date

Sold

CRMLS: 17265416

$1,870,000

Price
Oct 12, 2017

Date

Active Under Contract

CRMLS: 17265416

$1,995,000

Price
Sep 2, 2017

Date

Active

CRMLS: 17265416

$1,995,000

Price
Listing provided courtesy of CRMLS

AMAZING OPPORTUNITY IN THE HEART OF VENICE !! Great development opportunity on one of the largest lots in the area, Create your own compound!! Zoned for 1.5, possible to build 2 plus dwellings. Large corner lot on one of the most desirable streets in Venice with lots of potential to build your dream home or fix up. Great location in the heart of Silicon Beach, West of Lincoln, South of Rose, walking distance to Abbot Kinney, beach, shops, and schools. A++ location with lots of possibilities, great potential for owner user or developer. This property is a True gem in the best part of Venice! Property sold AS-IS, Probate sale, buyer to verify with city what can be built.

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December, 2017
Dec 29, 2017

Date

Sold (Public Records)

Public Records

$1,870,000

Price
November, 2007
Nov 28, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 701 Vernon Ave

Assessed Value (2020): $1,945,547

Year	Land Value	Improved Value	Assessed Value
2020	$1,556,438	$389,109	$1,945,547

About 701 Vernon Ave

Detailed summary of property

701 Vernon Ave is a single family home in Venice, CA 90291 and last sold on December 29, 2017 for $1,870,000. This house has 3 bedrooms, 2 bathrooms, roughly 1,380 living square feet, and sits on an approximately 6,306 square foot lot. Homes in Venice are selling for a median price of $1,894,000 and a median price per square foot of $1,377. Based on Ardent Real Estate Group's Venice Market Data, this home is sold 1.27% lower than the current median priced home. 701 Vernon Ave was last sold on December 29, 2017 for $1,870,000. Local nearby listings include 2457 Walgrove Ave, 3624 Beethoven St and 3949 Redwood Ave. The average home in Venice, CA is selling in 118 days. There are currently 175 homes for sale in the Venice real estate market and 151 of them are single family homes while 17 of them are condos and 7 are townhomes. If you are the homeowner and looking to sell the home at 701 Vernon Ave Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 701 Vernon Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1922
Sq. Ft.: 1,380
Lot Size: 6,306
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 49
APN: 4240-016-076

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,495,000

Median List Price/Sq.Ft.

$1,228

Median Sold Price

$1,894,000

Median Sold Price/Sq.Ft.

$1,377

Total Inventory

175

Median Sale to List Price %

99.68%

Avg Days on Market

Loan Type

Conventional (5%), FHA (0%), VA (0%), Cash (5%), Other (30%)

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