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611 Mildred Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 3 bath

611 Mildred Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,590,000
611 Mildred Avenue, Venice, California 90291
4Beds
3Baths
2,878Sqft
8,003Lot

Price Vs. Estimate

The estimated value ($2,241,621.515) is $348,378.485 (13%) lower than the list price ($2,590,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Sited in a prime west of Lincoln location, on a quiet street, just moments from the beach, boardwalk, Venice Canals, and the vibrant dining and shopping scene of Abbot Kinney.
Top Cons:
Potential Overpricing: The current listing price of $2.59M is 13% higher than the estimated market value of $2.24M, suggesting it may be overpriced relative to recent comparable sales and market analysis.

Compared to the nearby listings

Price:$2.59M vs avg $2.29M (+$299,500)67%
Size:2,878 sqft vs avg 1,831.5 sqft81%
Price/sqft:$900 vs avg $1.3K13%

More Insights

Built in 1981 (44 years old).
Condition: This property, extensively remodeled in 2018, presents as virtually new with high-end, contemporary finishes throughout. The kitchen boasts stainless steel appliances, Caesarstone countertops, a large chef's island, and recessed lighting, all in excellent condition. Bathrooms feature modern floating vanities, sleek black fixtures, hexagon tile, glass-enclosed showers, and even a soaking tub and skylight, reflecting current design trends and pristine condition. Hardwood floors are present throughout, and light fixtures are modern. While the original build year is 1981, the comprehensive 2018 renovation brings all visible components to a 'virtually new' standard, meeting current quality expectations. The only noted drawback is the absence of central cooling, but this does not detract from the excellent condition and quality of the renovated elements.
Year Built
1981
Close
-
List price
$2.59M
Original List price
$2.59M
Price/Sqft
$900
HOA
-
Days on market
-
Sold On
-
MLS number
25519847
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Welcome to 611 Mildred, the best value in Venice! Sited in a prime west of Lincoln location, on a quiet street, where contemporary architectural design meets the highly sought after Venice lifestyle. Located just moments from the beach, boardwalk, Venice Canals, and the vibrant dining and shopping scene of Abbot Kinney. Remodeled in 2018, this home showcases an expansive living area with a fireplace and floor-to-ceiling windows. The spacious interior features hardwood floors, lofty ceilings, abundant natural light, a charming side patio with firepit for entertaining. The kitchen boasts stainless steel appliances, Caesarstone countertops, a large chef's island, recessed lighting, and plenty of seating perfect for guests. Upstairs, discover three bedrooms including a luxurious primary suite featuring a balcony and fireplace. An opportunity exists for splitting the bottom floor, into a separate unit, featuring a bedroom, bathroom, and kitchenette with separate access, providing flexibility as a studio, home office, guest living space, or gym, with excellent potential for Airbnb short and long-term rentals. Another notable feature is the inclusion of previously approved and permitted architectural plans for a rooftop deck. Embrace the essence of Venice living with everything this exceptional home has to offer right at your doorstep.

Price History

Date
Event
Price
07/20/16
Sold
$1,650,000
05/22/03
Sold
$759,000
Condition Rating
Excellent
This property, extensively remodeled in 2018, presents as virtually new with high-end, contemporary finishes throughout. The kitchen boasts stainless steel appliances, Caesarstone countertops, a large chef's island, and recessed lighting, all in excellent condition. Bathrooms feature modern floating vanities, sleek black fixtures, hexagon tile, glass-enclosed showers, and even a soaking tub and skylight, reflecting current design trends and pristine condition. Hardwood floors are present throughout, and light fixtures are modern. While the original build year is 1981, the comprehensive 2018 renovation brings all visible components to a 'virtually new' standard, meeting current quality expectations. The only noted drawback is the absence of central cooling, but this does not detract from the excellent condition and quality of the renovated elements.
Pros & Cons

Pros

Prime Coastal Location: Sited in a prime west of Lincoln location, on a quiet street, just moments from the beach, boardwalk, Venice Canals, and the vibrant dining and shopping scene of Abbot Kinney.
Modern & Stylish Renovation: Remodeled in 2018, this home showcases an expansive living area with a fireplace and floor-to-ceiling windows, hardwood floors, lofty ceilings, and abundant natural light.
Income & Flexible Living Potential: Opportunity exists for splitting the bottom floor into a separate unit with separate access, ideal for a studio, home office, guest living, gym, or excellent potential for Airbnb short and long-term rentals.
Approved Rooftop Deck Plans: The inclusion of previously approved and permitted architectural plans for a rooftop deck offers significant future value and expansion possibilities without the initial permitting hassle.
Gourmet Chef's Kitchen: The kitchen boasts stainless steel appliances, Caesarstone countertops, a large chef's island, recessed lighting, and plenty of seating, perfect for entertaining.

Cons

Potential Overpricing: The current listing price of $2.59M is 13% higher than the estimated market value of $2.24M, suggesting it may be overpriced relative to recent comparable sales and market analysis.
Original Construction Year: Built in 1981, despite a 2018 remodel, the underlying structure and some systems may be older, potentially requiring future maintenance or upgrades not covered by the recent renovation.
Absence of Central Cooling: The property description does not mention a cooling system, which could be a significant drawback for comfort during warmer months in Southern California for some buyers.

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