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7507 Cowan Ave
Los Angeles, CA 90045
$2,749,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2216
Property Description
Nestled within the prestigious enclave of North Kentwood, this rare bluffside residence offers a harmonious blend of understated elegance and breathtaking vistas, showcasing some of the most spectacular panoramas in all of Westchester. Beyond its attractive brick driveway and gated front courtyard, this impeccably updated home beckons with a seamless fusion of modern refinement and timeless charm. Step inside to discover refinished hardwood flooring that spans throughout, guiding you towards a spacious living room with limewashed brick fireplace and french doors that frame the awe-inspiring bluff views. The dining room effortlessly flows from the living area, creating an inviting space for intimate gatherings or grand occasions alike. The newly updated kitchen invites with its new quartz countertops, luxury laminate flooring and stainless steel appliances, catering to the needs of the discerning chef. The laundry room and powder room are located off the kitchen. On the entry level, two generously sized secondary bedrooms await, accompanied by a newly remodeled full bathroom. Ascend the stairs to discover the tranquil primary bedroom suite. Indulge in the opulence of the remodeled primary bathroom, boasting a large shower, freestanding soaking tub and double vanity with marble countertops, while a separate water closet and built-in linen closet offer privacy and storage. Retreat to the expansive primary bedroom, where french doors beckon you to a sprawling deck overlooking the bluff and views of Playa Vista, the Marina and beyond. An additional secondary bedroom upstairs also enjoys access to the deck, providing an ideal space for relaxation and rejuvenation. Outside, the meticulously landscaped backyard awaits, offering a large brick patio, citrus trees and rose garden. The backyard provides the perfect space for alfresco entertaining against the backdrop of the mesmerizing views. The property also includes a two-car attached garage, fully fenced yard, and a host of modern amenities including recessed lighting, fresh paint, refinished flooring, and new light fixtures and hardware throughout. Conveniently located in the coveted North Kentwood neighborhood, just moments from famed Silicon Beach, LAX, freeway access, shopping, and dining destinations, this is an exceptional opportunity to experience the best of Westchester living.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1950
MLS Number
24-386045
Location
Address
7507 Cowan Ave
City
Los Angeles
State
CA
Zip Code
90045
County
LOS ANGELES (SOUTH CENTRAL)
Listing
Provider
Coldwell Banker Realty, original listing
Name
Coldwell Banker Realty
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(424) 280-7400
Agent Name
Jessica Heredia

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.