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427 Sherman Canal, Venice, California 90291, Venice, 90291 - 2 bed, 2 bath

427 Sherman Canal, Venice, California 90291 home-pic-0
ACTIVE$2,095,000
427 Sherman Canal, Venice, California 90291
2Beds
2Baths
1,025Sqft
2,850Lot

Price Vs. Estimate

The estimated value ($1,857,818.01) is $237,181.99 (11%) lower than the list price ($2,095,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Venice Canals Location: Situated in the highly coveted and historic Venice Canals, offering a unique sense of serenity amidst the vibrant energy of Venice, a truly desirable and rare community.
Top Cons:
Vintage Condition & Age: Built in 1949, the property's 'vintage' status suggests it may require significant updates or renovations to align with modern luxury standards, especially given the surrounding high-value homes.

Compared to the nearby listings

Price:$2.10M vs avg $2.29M ($-195,000)36%
Size:1,025 sqft vs avg 1,831 sqft15%
Price/sqft:$2.0K vs avg $1.3K94%

More Insights

Built in 1949 (76 years old).
Condition: Built in 1949, this property is a vintage home that has been maintained but not extensively updated to modern standards. The kitchen features functional but dated elements like natural wood countertops, simple white cabinets, and basic stainless steel appliances. Bathrooms are clean but also show dated finishes and fixtures. While the property appears well-kept and livable, it requires significant aesthetic and functional updates to align with contemporary tastes and the high-value surrounding homes, fitting the 'aged but maintained' criteria for a 'Fair' score.
Year Built
1949
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$2,044
HOA
-
Days on market
-
Sold On
-
MLS number
25610359
Home ConditionFair
Features
Good View: Canal
Patio
ViewCanal

About this home

Welcome to the coveted Venice Canals, developed in 1905 by the visionary Abbot Kinney. This unique community offers a rare sense of serenity amidst the vibrant energy of Venice. 427 Sherman Canal presents a charming opportunity to live this lifestyle in a quaint, south-facing two-story vintage house, with a classic exterior staircase. The kitchen features natural wood countertops, a stainless steel double sink, and crisp white cabinets. An abundance of windows take full advantage of the southern light exposure while also framing views of the genuine yard, a rare find in the canals. The mature California Juniper tree at the yard's edge shades outdoor lounging and seating, creating a unique and balanced setting for a low-maintenance, indoor-outdoor canal lifestyle. This is a rare property that prioritizes a tranquil yard over a maxed-out lot. It's surrounded by new and updated $4-$5m homes, with a future opportunity for development. We'd love to show it to you.

Price History

Date
Event
Price
07/10/01
Sold
$727,500
06/13/00
Sold
$585,000
01/27/05
Sold
$1,350,000
Condition Rating
Fair
Built in 1949, this property is a vintage home that has been maintained but not extensively updated to modern standards. The kitchen features functional but dated elements like natural wood countertops, simple white cabinets, and basic stainless steel appliances. Bathrooms are clean but also show dated finishes and fixtures. While the property appears well-kept and livable, it requires significant aesthetic and functional updates to align with contemporary tastes and the high-value surrounding homes, fitting the 'aged but maintained' criteria for a 'Fair' score.
Pros & Cons

Pros

Prime Venice Canals Location: Situated in the highly coveted and historic Venice Canals, offering a unique sense of serenity amidst the vibrant energy of Venice, a truly desirable and rare community.
Development Potential & High-Value Neighborhood: Surrounded by recently updated and new homes valued at $4-5 million, indicating strong appreciation potential and future opportunities for redevelopment or expansion.
Rare Genuine Yard & Indoor-Outdoor Living: Features a genuine, tranquil, and low-maintenance yard with mature landscaping, a rare find in the canals, promoting a desirable indoor-outdoor lifestyle.
Charming Vintage Appeal & Natural Light: A quaint, south-facing vintage house with an abundance of windows that maximize southern light exposure, enhancing its charm and brightness.
Canal Views: Offers direct views of the picturesque Venice Canals, providing a unique and sought-after aesthetic and lifestyle.

Cons

Vintage Condition & Age: Built in 1949, the property's 'vintage' status suggests it may require significant updates or renovations to align with modern luxury standards, especially given the surrounding high-value homes.
Limited Square Footage: With 1025 sqft, the living space is relatively small for a property in this price range and prestigious neighborhood, potentially limiting appeal for buyers seeking larger residences.
High Price Point for Current Structure: The $2.095 million list price is substantial for a 1949-built home of this size, implying a significant portion of the value is in the land and location rather than the existing structure, potentially requiring further investment.

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