703 Boccaccio Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 2 bath
ACTIVE$1,900,000
703 Boccaccio Avenue, Venice, California 90291
3Beds
2Baths
1,161Sqft
4,000Lot
Price Vs. Estimate
The estimated value ($1,567,290.93) is $332,709.07 (17%) lower than the list price ($1,900,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Venice Beach Location: Situated in the highly desirable Venice Beach area, offering immediate access to vibrant shops, cafes, restaurants on Abbot Kinney Blvd, and minutes from the beach, embodying the unique charm and bohemian atmosphere of Venice.
Top Cons:
Significant Price Discrepancy: The current listing price of $1.9M is 17% above the estimated property value of $1.567M, suggesting it may be overpriced relative to market comparables and potentially impacting buyer interest or negotiation.
Compared to the nearby listings
Price:$1.90M vs avg $2.28M ($-382,500)26%
Size:1,161 sqft vs avg 1,818 sqft22%
Price/sqft:$1.6K vs avg $1.3K82%
More Insights
Built in 1912 (113 years old).
Condition: Built in 1912, this Craftsman bungalow benefits from significant modern upgrades including a new roof, windows, and electrical panel, which are excellent for peace of mind. However, the interior, particularly the kitchen, features dated tiled countertops and older cabinets, suggesting a renovation that occurred 15-30 years ago rather than a recent overhaul. While move-in ready, the kitchen and likely the bathrooms would require minor updates to meet current aesthetic standards, aligning with a 'Fair' condition.
Year Built
1912
Close
-
List price
$1.9M
Original List price
$2.1M
Price/Sqft
$1,637
HOA
-
Days on market
-
Sold On
-
MLS number
NP25059001
Home ConditionFair
Features
Spa
View-
About this home
This Craftsman bungalow offers more than just bricks and mortar; it’s your chance to discover the secret allure of Venice Beach. Step inside and be welcomed by timeless charm, featuring built-in nooks and a cozy brick fireplace. Unwind in the private backyard oasis, complete with a spa and fire pit, perfect for relaxing after a day at the beach. Modern upgrades, including a new roof, windows, and electrical panel (with electric vehicle charging), provide peace of mind. // Beyond your doorstep, explore the vibrant shops, cafes, and restaurants along nearby Abbot Kinney Blvd. Sink your toes into the sand and ride the waves just minutes from your front door. Experience Venice's unique charm, from its eclectic canals to its bohemian atmosphere. This isn't just a house; it's an opportunity to embrace the magic of Venice Beach.
Price History
Date
Event
Price
11/20/01
Sold
$505,000
Condition Rating
Fair
Built in 1912, this Craftsman bungalow benefits from significant modern upgrades including a new roof, windows, and electrical panel, which are excellent for peace of mind. However, the interior, particularly the kitchen, features dated tiled countertops and older cabinets, suggesting a renovation that occurred 15-30 years ago rather than a recent overhaul. While move-in ready, the kitchen and likely the bathrooms would require minor updates to meet current aesthetic standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
Prime Venice Beach Location: Situated in the highly desirable Venice Beach area, offering immediate access to vibrant shops, cafes, restaurants on Abbot Kinney Blvd, and minutes from the beach, embodying the unique charm and bohemian atmosphere of Venice.
Timeless Craftsman Charm: The property retains its original Craftsman bungalow character, featuring built-in nooks and a cozy brick fireplace, appealing to buyers seeking historical charm and architectural integrity.
Private Outdoor Oasis: Includes a private backyard oasis complete with a spa and fire pit, providing an ideal space for relaxation and entertaining after a day at the beach.
Key Modern Upgrades: Recent significant upgrades such as a new roof, windows, and electrical panel offer peace of mind and reduce immediate maintenance concerns for a new owner.
Electric Vehicle Charging: The updated electrical panel includes electric vehicle charging capability, a valuable modern amenity that caters to current and future automotive trends.
Cons
Significant Price Discrepancy: The current listing price of $1.9M is 17% above the estimated property value of $1.567M, suggesting it may be overpriced relative to market comparables and potentially impacting buyer interest or negotiation.
Limited Interior Square Footage: With 1161 sqft, the property offers relatively modest interior living space for its price point in the Venice market, which might not appeal to buyers seeking larger homes or more expansive layouts.
Potential for Unaddressed Older Systems: Despite some modern upgrades, the 1912 build year implies that other major systems (e.g., plumbing, HVAC, foundation) may still be original or require updating, potentially leading to unforeseen future costs not explicitly covered by the listed renovations.