tomo logo

$700,000

Beds
2
Baths
2.0
sq ft
1,591

4949 Genesta Ave Unit 404, Encino, CA 91316

4949 Genesta Ave Unit 404

Encino, CA 91316

  • 60 days on market
    • Price drop $49,000↓
    • Open house Sep 21
HUGE PRICE REDUCTION AND READY TO SELL QUICK! This unit is priced way below any other penthouse unit in this complex that has closed in the last year! This unit is a highly desirable ingle story penthouse with no stairs. Welcome to this exquisite 2-bed, 2-bath penthouse nestled in Encino Park West. Upon entering, you are greeted by a spacious and bright living area, accentuated by 20' ceilings and large windows that fill the space with natural light. Boasting a prime location and stunning park views from its large balcony, this residence offers a perfect blend of elegance and convenience. This unit has tons of potential for your buyer to make this an amazing home. Amenities include 24 Hour Doorman + Security, a pool area with spa, clubhouse, sauna, and gym. It also has a designated parking spot for this unit next to the elevator, which is a plus for an elderly buyer.

Details

Property type

Condominium

Est. home value

$875,257

Lot size

1.3608 acres

Price per sq ft

$440

Year built

1974

Monthly HOA fee

$1,400

Price History

09/19/2024
CRMLS

CRMLS #PW24150959

Price change
$700,000
-6.54%
08/01/2024
CRMLS

CRMLS #PW24150959

Price change
$749,000
+15.41%
07/30/2024
CRMLS

CRMLS #PW24150959

Removed
$649,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Sidewalks

High school district: 

Los Angeles Unified

Number of units in community: 

64

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

Reverse Mortgage Funding Llc

Loan start date

May 2021

Original loan amount

$1,200,000

Est. remaining balance

Not provided

Interest rate

3.13%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 78 year

Seller

Esther Ross

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: 09/20/2024 at 8:20 PM

Listing updated: 09/19/2024 at 9:41 AM

Listed by: David Hochman, One Realty Group Phone #: (800) 257-6021

MLS: CRMLS #PW24150959

CRMLS logo

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