tomo logo

$1,690,000

Beds
4
Baths
3.0
sq ft
1,468

5143 Newcastle Ave, Encino, CA 91316

5143 Newcastle Ave

Encino, CA 91316

  • 37 days on market
    • Open house Mar 09
Sophisticated Contemporary Living in Prime Encino. Discover this beautifully remodeled, fully furnished single-story contemporary home, ideally situated south of the blvd, in one of Encino's most desirable neighborhoods. Boasting 4 bedrooms and 3 baths, this stunning residence welcomes you with elegant oak flooring and an abundance of natural light that enhances its airy, modern design. The stylish kitchen is a chef's delight, featuring sleek stainless steel appliances, a 5-burner gas stove, a farm sink, ample quarts counter space, and a direct service entrance for added convenience. The primary suite offers a serene retreat with a spa-like en-suite bathroom and a spacious walk-in closet. Additional bedrooms provide flexibility for family, guests, or a home office. Step outside to a lush, private backyard, complete with a mature orange tree and 7,000 sqft of space to entertain or unwind. With room to add a pool or even a second story, this property offers incredible potential to customize and expand. Adding even more value, a permitted ADU with its own kitchen, bathroom, and living space makes for a perfect guest house, home office, or rental opportunity. A gated driveway accommodates up to four vehicles, ensuring both privacy and convenience. This exceptional home blends luxury, functionality, and future potential. Don't miss your chance to experience it firsthand.

Details

Property type

Single Family Residence

Est. home value

$1,603,998

Property condition

Updated/Remodeled

Lot size

7,008 sq ft

Price per sq ft

$1,152

Year built

1948

HOA

No

Price History

01/27/2025
CLAW

CLAW #25486477

Listed
$1,690,000
+10.17%
04/22/2022
CLAW

CLAW #22131105

Sold
$1,534,000
+65.84%
01/29/2021
CRMLS

CRMLS #MB20238116

Sold
$925,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$846,084
Asking price
$1,690,000
Closing costs (~8% of asking)
-$135,200
Est. remaining loan balance
-$708,716
Cash to seller
$846,084

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2023

Original loan amount

$726,000

Est. remaining balance

$708,716

Interest rate

6.09%

Loan type

New Conventional, 30 year

Seller

Parvaneh Rafaeloff and Jamshid Mehdizadeh

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: 03/05/2025 at 11:10 AM

Listing updated: 03/04/2025 at 10:10 PM

Listed by: War Shazar, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #25486477

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