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$1,845,000

Beds
6
Baths
5.0
sq ft
3,608

17841 17843 Tarzana St, Encino, CA 91316

17841 17843 Tarzana St

Encino, CA 91316

  • 175 days on market
    • Price drop $150,000↓
Lowest Per Square Foot (3,608 Total SF) in Encino South of The Boulevard, lowest Price Per Square Foot under $2M. This property features a single family home (2,708 SF) which was completed gutted and modernized in 2016. Builder used steal beam posts and two 20 foot steal beams to create today's open floor plan, along with restoring the hardwood flooring throughout the premises. The house provides 3 bedrooms and 2 full baths on the first level with an open layout to entertainment room, kitchen, and dining room. There is an enclosed patio of approximately 430 square feet, with a fireplace where there is a tendency to spend the major of the time. This room is ideal all year around with immediate access to the pool and spa during the summers and coziness of the fireplace during the winter while watching TV with surround sound. This footprint is duplicated by Builder on the 2nd floor for the Master Suite. This capacious room has an exposed beam with high ceilings, tons of natural with numerous windows on all four sides and unobstructed views of the mountains. The enclosed patio fireplace has a twin in the Master Suite, has a generous walk-in closet, free standing tub, double vanity, and spacious full bath with a waterfall shower. As creative arrangement, the builder just completed in 2022, a brand new two-story 2 bedroom and 2 bath ADU, providing a supplemental income stream of $3,350 per month with the lease expiring in July 2024. There is a 6 foot perimeter vinyl fence splitting up the parcel into two independent units, there is zero common area shared with their entrance from the street and the entry door on the opposite end. The Tenant does not have rights to parking in the driveway and the property has its own address 17843 Tarzana, along with its own electrical and gas meter in their name. A Buyer could use as a supplemental income stream or moving family members to coexist, but still remain independent of each other.

Details

Property type

Single Family Residence

Est. home value

$2,121,003

Property condition

Updated/Remodeled

Lot size

7,574 sq ft

Price per sq ft

$512

Year built

2016

HOA

No

Price History

09/16/2024
CLAW

CLAW #24395941

Price change
$1,845,000
-7.52%
05/26/2024
CLAW

CLAW #24395941

Removed
$1,995,000
05/23/2024
CLAW

CLAW #24395941

Listed
$1,995,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Los Angeles Unified

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

$931,647
Asking price
$1,845,000
Closing costs (~8% of asking)
-$147,600
Est. remaining loan balance
-$765,753
Cash to seller
$931,647

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

September 2021

Original loan amount

$822,375

Est. remaining balance

$765,753

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Juan Martinez Jr

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: 11/14/2024 at 2:30 PM

Listing updated: 09/15/2024 at 11:09 PM

Listed by: Juan Jay Martinez, Kidder Mathews of California, Inc. Phone #: (310) 312-2800

MLS: CLAW #24395941

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