Laura Jewett

Laura Jewett

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Closed

$2,250,000

($1,501,880 down)
VA

2039 Glencoe Way, Los Angeles, CA 90068

2
2
1,575 sqft
PITI Monthly
$5,855.02 /mo

Listing courtesy of: Somair Muhamad, Homesmart, Evergreen Realty

Assumed Rate

2.77%
7.15%

Principal & Interest

$3,295 /mo
$5,438 /mo

What's Special

ENTERTAINMENT
DINING
SPACIOUS
RENOVATED
FIREPLACE
WALK-IN CLOSET
DECK
PATIO
HISTORIC
CHARMING
COZY
SECOND HOME

Two homes on a lot, option to live in one and rent the other to offset the cost and potentially earn a profit. This Hollywood Hills Mediterranean duplex is featuring iconic views and easy access to entertainment and transportation. Built in 1926, this charming property nestled in the historic Hollywood Heights neighborhood features spacious side-by-side homes. With 3,070 sqft on a 3,797 sqft lot, this architectural stunner features 5 total bedrooms, 4.5 total bathrooms, 2 covered carports and a multitude of patios and balconies to take in the iconic views of the Hollywood sign, Griffith Park Observatory, downtown and so much more. Upgrades are numerous including new windows, doors and flooring. Both kitchens have been recently renovated. Moments from the Hollywood Bowl, Metro rail, freeways and public transit. Each home has it's separate address, 2039 and 2041 Glencoe Way. First Home - 2039 Glencoe Way - 2bed/2ba 1,431 sqft. A rooftop terrace crowns this spacious 2bd/2ba quad-level. An oversized living area features exposed wood beam ceiling, brick fireplace and built-in bar with easy access to a private veranda, as well as a side yard with sprawling private patio, deck and shady pergola. The primary bedroom suite comes complete with skylight, walk-in closet and french doors that spill onto the rooftop terrace. A spacious eat-in kitchen, laundry room and covered carport complete the package. Second Home - 2041 Glencoe Way - 3 bed/2.5ba 1,639 Sqft. A unique layout means possibilities abound with this 3bd/2.5ba quad-level. The airy living area features wrought iron and exposed wood beams, plus a cozy fireplace and french doors to a private veranda with panoramic views. An entry-level bedroom featuring a full bathroom and private separate entry can double as a guest suite, office or short-term rental. Other highlights include an oversized dining room, covered carport and laundry room.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.77
Remaining Loan Term
26 years, 3 months
Monthly PITI
$5,855.02/mo
Estimated Loan Balance
$751,243
Cash to close
$1,501,880
Interest Paid
$80,236

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces:
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 3
  • Home type: SingleFamilyResidence
  • Architectural Style: Mediterranean
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1926
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $1,428.57
  • Tax Annual Amount: $28125
  • On Market Date: 2024-06-17T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $1,501,880 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $1,501,880!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$748,120
Your Cash:$1,501,880
Total Purchase Price:$2,250,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$3,295/mo
Traditional @ 7.5%
$5,641/mo
You save $2,345/month ($28,142/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 24428395

Listing From:

Last updated: 2024-08-16T15:45:34.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.77%
7.15%

Principal & Interest

$3,295 /mo
$5,438 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $1,501,880 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $1,501,880!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$748,120
Your Cash:$1,501,880
Total Purchase Price:$2,250,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$3,295/mo
Traditional @ 7.5%
$5,641/mo
You save $2,345/month ($28,142/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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