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605 Trenton Dr
Beverly Hills, CA 90210
$6,250,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Major $250,000 price adjustment and the lowest priced property on the market, centrally located in the Golden Triangle's coveted west-end Flats of Beverly Hills. This fabulous neighborhood is filled with charm and is on one of the most picturesque streets in Beverly Hills. Trenton Dr. has a reputation for its stately Traditional homes, and is just a short block to the newly remodeled El Rodeo Elementary School. Captivating and chic, this pedigree 1937 red-brick Colonial rests on an amazing lot of apprx. 12,900 sqft with 195 ft in depth and 75 ft wide. Centered around a sun-filled courtyard that floods the interior with bright natural sunshine throughout the day, this 4 Bed, 4.5 Bath residence, with approximately 3,567 square feet, is offered on the market for the first time. Designed with privacy and seclusion in mind, the front door is strategically placed at the side of the house and offers minimal exposure to the street. A warm cozy den, expansive sun-filled living room and formal dining room all open to the courtyard. Safe and private, the sunny courtyard is a delightful space for children and pets to play. Enjoy a garden, or a lovely retreat to just hang out, read, take-in the fresh air, or entertain guests. There's also a versatile, approximately 500+ square feet recreation room adjacent to the courtyard offering limitless possibilities. The floors, windows and more all need updating, as well as the galley kitchen which is well-placed and easily opens to the courtyard. A downstairs bedroom works well for guests, an office, or staff. The second floor is filled with sunshine and has three spacious bedrooms with private baths. During the 1990's the owners upgraded the interior with central heating, air conditioning, new roof, and ceiling lighting. The property's rear provides a 3-car garage with a large driveway, room for additional parking and a fenced pool area. To Be Sold 'As-Is', this home is in search of new owners who will refurbish, appreciate, and make this delightful property their own in one of the most desired areas of Beverly Hills with easy access to Downtown Beverly Hills, Rodeo Drive, and fine dining across the street at The Waldorf Astoria and Beverly Hilton. Can be remodeled now, or moved into in its present state and thoroughly enjoyed with a to-do list to be planned and checked off in the future! This is a once-in-a-while opportunity to obtain one of the most charming properties, large lot, and amazing location at a land-value price.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1937
MLS Number
24-351257
Location
Address
605 Trenton Dr
City
Beverly Hills
State
CA
Zip Code
90210
County
LOS ANGELES (NORTHWEST LA)
Listing
Provider
Coldwell Banker Realty, original listing
Name
Coldwell Banker Realty
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(310) 777-6200
Agent Name
Tania Ferris

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.