tomo logo

$5,299,000

Beds
6
Baths
6.5
sq ft
6,500

16826 Otsego St, Encino, CA 91436

16826 Otsego St

Encino, CA 91436

  • 114 days on market
    • Price drop $200,000↓
Presenting a newly constructed masterpiece nestled in the highly sought-after Encino neighborhood, this luxurious gated residence exemplifies modern elegance and unparalleled craftsmanship. Spanning 6,500 square feet on an 11,321 square foot lot, the home features 6 bedrooms and 6.5 bathrooms, all adorned with white oak wood flooring throughout. Step inside to discover an expansive open floor plan accentuated by soaring 10-foot ceilings, creating an airy and inviting atmosphere. The home is bathed in natural light, enhancing its bright and welcoming ambiance. The living room features a striking fireplace with a plaster finish and seamlessly opens to the dining room, which includes a sophisticated wet bar and wine room, perfect for entertaining. The gourmet kitchen is a chef’s dream, boasting Taj Mahal quartzite countertops, custom walnut cabinetry, state-of-the-art JennAir appliances, an integrated stovetop, and Gessi plumbing fixtures. Adjacent, the family room offers large sliding pocket doors that blend indoor and outdoor living spaces effortlessly. Entertainment is effortless with a dedicated movie theater, ideal for hosting private screenings and movie nights. The primary suite is a true retreat, featuring a cozy fireplace, an expansive walk-in closet, and a private balcony. The spa-like primary bath includes dual vanities, dual water closets, and a large porcelain shower with an integrated tub, creating a serene sanctuary for relaxation. The outdoor space is an entertainer's paradise, featuring a sparkling pool and spa, a covered patio for year-round enjoyment, an open trellis, and a built-in barbeque area. The property also includes a well-appointed ADU with 1 bedroom and 1 bathroom, ideal for guests or additional living space. Additionally, this home offers a Control4 smart system, security cameras, and a surround sound system. This home epitomizes sophisticated living, combining modern amenities with timeless design. Conveniently located within the prestigious Encino Charter School District and in close proximity to Encino’s best shops, dining, and major freeways, this remarkable residence offers an unparalleled living experience.

Details

Property type

Single Family Residence

Est. home value

$1,897,490

Property condition

Updated/Remodeled
New Construction

Lot size

0.2599 acres

Price per sq ft

$816

Year built

2024

HOA

No

Price History

11/06/2024
CRMLS

CRMLS #SR24141128

Listed
$5,299,000
10/16/2024
CRMLS

CRMLS #SR24141128

Pending
$5,299,000
10/08/2024
CRMLS

CRMLS #SR24141128

Listed
$5,299,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Encino

Middle school: 

Unknown

High school: 

Birmingham

Community features: 

Street Lights, Sidewalks, Park

High school district: 

Los Angeles Unified

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

Anchor Loans Inc

Loan start date

May 2023

Original loan amount

$2,350,000

Est. remaining balance

Not provided

Interest rate

6.28%

Loan type

Commercial

Seller

Otsego Project Llc

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: 11/22/2024 at 4:20 AM

Listing updated: 11/17/2024 at 5:05 PM

Listed by: George Ouzounian, The Agency Phone #: (424) 230-3700

MLS: CRMLS #SR24141128

CRMLS logo

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