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$4,100,000

Beds
5
Baths
4.5
sq ft
4,040

17201 Luverne Pl, Encino, CA 91316

17201 Luverne Pl

Encino, CA 91316

  • 10 days on market
Nestled in the highly sought-after Encino Hills on a corner lot, this timeless designer home combines style and modern convenience. Enter through brand-new custom double front doors into a grand entryway with soaring ceilings, new chandelier, checkered marble floors, and arched walkways. Natural light flows into the open living spaces through French doors and expansive windows. The chef's kitchen, complete with built-in custom cabinetry, roll-out drawers, and new refrigerator drawers, is equipped with top-of-the-line appliances, including a dedicated coffee area and built-in microwave. Designer light fixtures and natural stone countertops add a touch of refinement to this culinary space, which seamlessly opens into the great room. Highlighted by natural hardwood floors, wood-beamed ceilings, and a beautiful fireplace, the great room is an inviting space for relaxation. The first floor also features a fully permitted, newly built office, guest bedroom and a formal dining room with a built-out bar closet, complemented by a custom chandelier. Additional enhancements on the main level include two bathrooms, a formal living room with new lighting, and smart wiring with a new Sonos sound system, integrated with a "house brain" providing Wi-Fi access points throughout. Upstairs, the captivating hallway leads to the grand primary suite, which has been fully remodeled to offer an oversized, luxurious bathroom with a double vanity, free standing tub, stone floors, and a large shower adorned with natural stone slabs. This retreat also boasts a second built-in closet for ample storage. Down the hall, three additional bedrooms are tastefully appointed, each with custom-built closets. You will also find the convenience of the upstairs laundry and a gorgeous built in linen cabinet with a marble countertop. The sprawling backyard is an entertainer's dream, with serene valley views, a saltwater pool equipped with a Catch a Kid safety net, a variety of new olive and fruit trees, and expertly designed new landscaping. The newly built driveway, trash area, electric car charging port, and ADT security system with window and door sensors offer practical enhancements to the property. Other upgrades include exterior lighting, new garage doors, and fireplace improvements inside and out. With optimal storage, new custom window treatments, and thoughtfully upgraded electrical access throughout, this home combines timeless charm with state-of-the-art amenities. The home is situated on a double cut de sac with no through traffic. This is a truly rare opportunity to make this turn-key, stunning home yours.

Details

Property type

Single Family Residence

Est. home value

$3,536,849

Property condition

Updated/Remodeled

Lot size

0.3038 acres

Price per sq ft

$1,015

Year built

1972

HOA

No

Price History

11/11/2024
CLAW

CLAW #24462267

Listed
$4,100,000
+7.89%
06/06/2023
CLAW

CLAW #23258819

Sold
$3,800,000
+52%
06/17/2022
CRMLS

CRMLS #V1-11989

Sold
$2,500,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$1,805,515
Asking price
$4,100,000
Closing costs (~8% of asking)
-$328,000
Est. remaining loan balance
-$1,966,485
Cash to seller
$1,805,515

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

May 2023

Original loan amount

$2,000,000

Est. remaining balance

$1,966,485

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Spencer Lee Berman and Alison Lynn Berman

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: 11/21/2024 at 10:35 PM

Listing updated: 11/19/2024 at 5:20 AM

Listed by: Casey Winchell Napolitano, NDA Real Estate Phone #: (818) 404-5090

MLS: CLAW #24462267

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