tomo logo

$4,000,000

Beds
7
Baths
7.5
sq ft
9,276

10425 Melvin Ave, Porter Ranch, CA 91326

10425 Melvin Ave

Porter Ranch, CA 91326

  • 98 days on market
VERY MOTIVATED SELLER!! BRING ALL OFFERS! Stunning seven-bedroom, eight bath Spanish Mediterranean with breathtaking city views in a private gated community of three estate homes, offers the epitome of luxury living. Boasting 9,276 square feet of grandeur and situated on over an acre lot. Upon entry, the home boasts its 25-foot ceilings, accentuated by a magnificent spiral staircase. In the entry discover custom-designed porcelain floors, living room with coffered ceilings and wood floors, family room with a large copper fireplace Hood adding a touch of sophistication to the living space, a raised formal dining, a large gourmet kitchen with custom Fusion Quartz counters and backsplash, Breakfast bar, a second family room and informal dining and a large laundry area with high quality countertops. The kitchen comes equipped with four ovens, two dishwashers, a gas stove, and hot water dispensers, all complemented by two large copper sinks. Indulge in amenities like access to a full private tennis court and a pool and spa. Enjoy the panoramic city lights and mountain views from both the first and second levels, along with a wrap-around balcony on the second floor, providing the perfect vantage point for the stunning scenery. Further features include a Stiltz elevator, providing accessibility to both levels, a wine cellar for storing prized vintages, and a built-in wet bar for entertaining guests with style. The outdoor spaces include an abundance of fruit trees and a vegetable garden, perfect for the green thumb in the family. The property also features newly installed solar panels, high end security camera system, intercom and a six-car attached garage and ample parking within the property and the community gate. Also, available for lease at 20,000 per month.

Details

Property type

Single Family Residence

Est. home value

$5,101,214

Property condition

Updated/Remodeled

Lot size

1.045 acres

Price per sq ft

$432

Year built

1983

Price History

07/30/2024
CRMLS

CRMLS #SR24151028

Listed
$4,000,000

Schools & Community

Neighborhood: 

Northridge

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Los Angeles Unified

Number of units in community: 

3

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,906,990
Asking price
$4,000,000
Closing costs (~8% of asking)
-$320,000
Est. remaining loan balance
-$773,010
Cash to seller
$2,906,990

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Citibank Na

Loan start date

September 2012

Original loan amount

$1,074,690

Est. remaining balance

$773,010

Interest rate

3.59%

Loan type

New Conventional, 30 year

Seller

Ravi Gupta and Poonam Gupta

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 1:00 PM

Listing updated: 09/30/2024 at 11:51 PM

Listed by: Neeta Gupta, The Agency Phone #: (818) 379-7700

MLS: CRMLS #SR24151028

CRMLS logo

Recently listed in Porter Ranch