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$10,500,000

Beds
6
Baths
8.0
sq ft
10,100

11972 Lockridge Rd, Studio City, CA 91604

11972 Lockridge Rd

Studio City, CA 91604

  • 34 days on market
GATED COMMUNITY... Located in the prestigious and ultra-private Lockridge Estates of Fryman Canyon, this DOUBLE-GATED, 6-bedroom, 9-bathroom transitional masterpiece embodies sophistication and unparalleled luxury living. Situated on over 1.5 acres of meticulously manicured grounds, the property offers serene surroundings coupled with ideal proximity to Studio City and the Westside. Upon entering the grand foyer, you are greeted by a stately staircase framed by soaring 20-foot ceilings adorned with intricate millwork. Off the entryway, a regal office space boasts custom cabinetry and exquisite wainscoting, while the formal living room on the opposite side is graced with vaulted ceilings and abundant natural light. The rear living area is inviting and light-filled, featuring an elegant bar and an array of double doors that seamlessly connect indoor and outdoor living. The formal dining area, framed by decadent millwork, exudes refined sophistication and offers ample space for hosting. The butler's pantry, connecting the dining space to the gourmet kitchen, is both functional and stylish, complete with custom cabinetry, ample storage, and elegant finishes.The gourmet kitchen, with its oversized island, serves as an ideal gathering spot for friends and family. Outfitted with premium stainless-steel appliances, the kitchen elevates any culinary experience. For more casual dining, the eat-in breakfast nook is graced by outdoor foliage and incredible natural light.Ascend to the second level to find the expansive luxe primary suite, accompanied by three additional spacious bedrooms and an elegantly designed home theatre. The primary suite, accessible through grand double doors at the apex of the main staircase, features an exceptionally spacious layout with an elegant sitting area, dual primary bathrooms, each with adjoining closet space, and multiple terraces for relaxation. Outdoors, discover a notably large flat yard with manicured grounds, a captivating infinity pool, a putting green, numerous outdoor seating areas, and a charming rear guesthouse currently used as a fitness space. This extraordinary estate in Lockridge Estates offers the perfect blend of luxury, privacy, and convenience, creating an idyllic sanctuary for its residents.

Details

Property type

Single Family Residence

Est. home value

$10,084,609

Lot size

1.5857 acres

Price per sq ft

$1,040

Year built

2001

Monthly HOA fee

$1,000

Price History

05/28/2024
CLAW

CLAW #24396185

Listed
$10,500,000
05/25/2024
CLAW

CLAW #23323307

Removed
$10,500,000
05/02/2024
CLAW

CLAW #23323307

Price change
$10,500,000
-12.49%

Schools & Community

Neighborhood: 

Studio City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

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

Lender

City National Bank

Loan start date

August 2022

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

4.41%

Loan type

Credit Line (Revolving), 30 year

Seller

Vicki Marshall and Daniel Farr

Lender

Washington Mutual Bank Fa

Loan start date

December 2002

Original loan amount

$2,250,000

Est. remaining balance

Not provided

Interest rate

5.25%

Loan type

Not Provided, 30 year

Seller

Vicki Julia Marshall and The Twentieth Avenue Trust

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?

Status: Active

Tomo last checked: 07/01/2024 at 9:00 AM

Listing updated: 06/05/2024 at 5:13 AM

Listed by: Joshua Altman, Douglas Elliman of California, Inc. Phone #: (310) 819-3250

MLS: CLAW #24396185

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