705 Palms Blvd Venice, CA 90291

$2,400,000 Sold Price as of 01/24/2019

7 Beds
4 Baths
3,088 Sq.Ft.

Off Market

$2,400,000 Sold Price as of 01/24/2019 Refinance Your Mortgage

Map preview of 705 Palms Blvd, Venice, CA 90291

Property Overview: 705 Palms Blvd Venice, CA has 7 bedrooms, 4 bathrooms, 3,088 living square feet and 5,403 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

705 Palms Blvd 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 $2,480,000. The median price per/sqft for Venice is $1,228. 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 $496,000 for the down payment and will need roughly $49,600 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 705 Palms Blvd

Last sold for $2,400,000 on January 25th, 2019

January, 2019
Jan 28, 2019

Date

Sold

CRMLS: 18363394

$2,400,000

Price
Jan 9, 2019

Date

Pending

CRMLS: 18363394

$2,463,000

Price
Dec 11, 2018

Date

Price Change

CRMLS: 18363394

$2,463,000

Price
Dec 4, 2018

Date

Price Change

CRMLS: 18363394

$2,483,000

Price
Nov 2, 2018

Date

Price Change

CRMLS: 18363394

$2,599,999

Price
Oct 12, 2018

Date

Price Change

CRMLS: 18363394

$2,699,500

Price
Oct 12, 2018

Date

Expired

CRMLS: 18363394

$2,699,999

Price
Sep 24, 2018

Date

Price Change

CRMLS: 18363394

$2,699,999

Price
Jul 11, 2018

Date

Active

CRMLS: 18363394

$2,999,999

Price
Listing provided courtesy of CRMLS

Prime Venice Beach duplex 2 blocks to Abbot Kinney Blvd and only 8 blocks to Venice Beach. Close to scores of great restaurants and shops. Top unit has 3 bedrooms and 2 bathrooms with potential rent of $6500 per month. Bottom unit has 4 bedrooms and 2 bathrooms with potential rent of $6500 per month. Two two-car garages plus additional onsite parking for 4 more cars (total 8 spaces). Fenced-in yard featuring front fence made of Brazilian hardwood, mature orange tree, vegetable garden, automatic watering system combining drip lines and sprinklers through out the property. Oak floor in the downstairs unit.Approx 3088 sq feet duplex ona 5403 sq ft lot. Both units to be delivered vacant.

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January, 2019
Jan 24, 2019

Date

Sold (Public Records)

Public Records

$2,400,000

Price
January, 1999
Jan 25, 1999

Date

Sold (Public Records)

Public Records

$450,000

Price

Tax History for 705 Palms Blvd

Assessed Value (2020): $2,448,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,530,000	$918,000	$2,448,000

About 705 Palms Blvd

Detailed summary of property

705 Palms Blvd is categorized with a use code of Duplex (2 Units, Any Combination) in Venice, CA 90291 and last sold on January 24, 2019 for $2,400,000. This property has 7 bedrooms, 4 bathrooms, roughly 3,088 living square feet, and sits on an approximately 5,403 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 26.72% higher than the current median priced home. 705 Palms Blvd was last sold on January 24, 2019 for $2,400,000. Local nearby listings include 13042 Rose Ave, 3624 Beethoven St and 4151 Redwood Ave #414. The average home in Venice, CA is selling in 119 days. There are currently 175 homes for sale in the Venice real estate market and 153 of them are single family homes while 15 of them are condos and 7 are townhomes. If you are the homeowner and looking to sell the home at 705 Palms Blvd Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 705 Palms Blvd

Public county record property details

Beds: 7
Baths: 4
Year built: 1948
Sq. Ft.: 3,088
Lot Size: 5,403
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 4241-011-003

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

$2,280,000

Median Sold Price/Sq.Ft.

$1,255

Total Inventory

173

Median Sale to List Price %

99.35%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (8.33%), Other (16.67%)

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(714) 706-1823

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