tomo logo

$1,059,000

Beds
5
Baths
2.0
sq ft
1,885

20505 Acre St, Winnetka, CA 91306

20505 Acre St

Winnetka, CA 91306

  • 15 days on market
UNIQUE OPPORTUNITY! This property features a low rate assumable loan, offering potential buyers the advantage of taking over the existing financing terms.This modern tropical oasis features a 5-bed, 2-bath home with potential to convert the garage for additional living space, showcasing pride of ownership.Tucked away at the end of a tranquil cul-de-sac, the property offers complete privacy with surrounding fencing, including a 6-foot front yard shielded by vibrant bougainvillea hedging that blooms year-round with minimal upkeep. Security and convenience are enhanced by a 6-foot pedestrian gate and driveway gate. Inside, updated flooring, new doors, and fresh interior and exterior paint create a bright, airy interior. The great room layout features vaulted ceilings with crown molding and a gas/wood-burning fireplace in the living room. Custom wood blinds, recessed lighting, and ceiling fans add to the ambiance. The kitchen boasts newer cabinets, granite countertops, a tile backsplash, new stainless steel appliances, and copper plumbing. Energy efficiency and comfort are ensured by double-pane vinyl windows, recently serviced central air conditioning, a Nest Thermostat and a well-maintained furnace. Outside, the entertainer's backyard offers a heated saltwater pool with a new state-of-the-art heater and filter, surrounded by tropical landscaping. A large patio BBQ area, 10-foot privacy fencing, and a finished 2-car garage enhance the outdoor space. The garden features mature fruit trees, avocado, lemon, orange, mango, and passion fruit, alongside berry bushes and edible hibiscus flowers. Centrally located between Woodland Hills and Porter Ranch, the property provides quick access to Topanga Mall, Northridge Mall, and Porter Ranch shopping centers. It’s a short 25-minute drive to Burbank Airport and 40 minutes to Malibu beaches. Close proximity to prestigious private schools like Sierra Canyon and Chaminade adds to its appeal.

Details

Property type

Single Family Residence

Est. home value

$950,579

Lot size

7,786 sq ft

Price per sq ft

$562

Year built

1956

HOA

No

Price History

11/07/2024
CRMLS

CRMLS #SR24226516

Listed
$1,059,000
+24.59%
11/16/2021
CLAW

CLAW #21791050

Sold
$850,000

Schools & Community

Neighborhood: 

Winnetka

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

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

$196,257
Asking price
$1,059,000
Closing costs (~8% of asking)
-$84,720
Est. remaining loan balance
-$778,023
Cash to seller
$196,257

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

October 2021

Original loan amount

$834,604

Est. remaining balance

$778,023

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Daveron Madden and Sara R Madden

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 6:40 AM

Listing updated: 11/18/2024 at 7:14 PM

Listed by: Michelle Yabko, Coldwell Banker Realty Phone #: (818) 222-0023

MLS: CRMLS #SR24226516

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