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

  • 5 days on market
    • Open house Feb 23
Introducing a turnkey, beautifully remodeled single-story contemporary bungalow located in the highly sought-after Encino neighborhood, south of the Boulevard. This furnished gem features 4 bedrooms and 3 baths, showcasing elegant hardwood floors and an abundance of natural light throughout. The modern kitchen is a culinary enthusiast's dream, outfitted with a 5-burner gas stove, sleek stainless steel appliances, ample counter space, and the convenience of a direct service entrance. The primary bedroom boasts an en-suite bathroom and a spacious walk-in closet, while the additional bedrooms provide generous space for family or guests. Outside, the expansive grassy yard, complete with a charming orange tree, offers a tranquil space for relaxation and recreation. The property's lot provides incredible versatility, with room to add a pool or even a second story, catering to future growth and customization needs. Adding to its appeal is a permitted ADU (Accessory Dwelling Unit) with its own living, kitchen and bathroom ideal as a guest suite, home office, or studio. A secure gate leads to a large driveway with parking for four vehicles, enhancing both convenience and privacy. This home seamlessly blends comfort, style, and functionality, making it an exceptional opportunity in an unbeatable location.

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

$845,290
Asking price
$1,690,000
Closing costs (~8% of asking)
-$135,200
Est. remaining loan balance
-$709,510
Cash to seller
$845,290

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

$709,510

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: 02/02/2025 at 1:55 AM

Listing updated: 01/27/2025 at 7:30 PM

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

MLS: CLAW #25486477

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