tomo logo

$6,500,000

Beds
5
Baths
5.5
sq ft
5,931

5159 Amestoy Ave, Encino, CA 91316

5159 Amestoy Ave

Encino, CA 91316

  • 56 days on market
Rare 1938 La Quinta style architectural gem embodies the essence of classic luxury and tranquility, positioned in one of Encino's most prestigious neighborhoods, Amestoy Estates. Resting on just over an acre of flat land the estate captures a harmonious connection between indoor and outdoor living. The property invites a lifestyle rooted in relaxation, entertainment, and the enjoyment of nature with its private tennis court, large pool, sauna, fruit trees, cabanas, guest house and single-story primary home. High ceilings, abundant natural light, and expansive windows frame lush garden views to create an inviting openness throughout. The 4 bed 5 bath home's design emphasizes both private and social spaces, ideal for intimate moments or grand entertaining. The expansive primary suite is its own sanctuary with private patio and en-suite bathroom which includes dual vanities, steamer shower, deep soaking tub and large bright walk-in closet. Although the home has kept the original architecture it has been tastefully updated and does not sacrifice modern amenities, including chef style kitchen with high end Viking appliances, separate full-sized freezer and refrigerator, Elkay water filtration station and smart home-controlled lighting, zoned cooling/heating, and sound throughout the property creating a balanced life, that marries sophistication with a sense of ease and comfort. Guests will be in awe of the generous saltwater heated pool and fully equipped cabanas with two additional rooms including sound Studio as well as additional storage rooms. Even the guest house has been classically preserved for a truly unique experience capturing a nostalgic feel in the fully equipped kitchen with retro refrigerator and separate bedroom, living and dining room. In your own peaceful retreat, you’ll live the quintessential California lifestyle where relaxation and luxury go hand in hand.

Details

Property type

Single Family Residence

Est. home value

$5,583,317

Property condition

Updated/Remodeled

Lot size

1.1042 acres

Price per sq ft

$1,096

Year built

1938

HOA

No

Price History

09/19/2024
CRMLS

CRMLS #SR24192048

Listed
$6,500,000
+58.54%
11/22/2019
CLAW

CLAW #19508452

Sold
$4,100,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Suburban, Park

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

$3,408,834
Asking price
$6,500,000
Closing costs (~8% of asking)
-$520,000
Est. remaining loan balance
-$2,571,166
Cash to seller
$3,408,834

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

October 2019

Original loan amount

$2,870,000

Est. remaining balance

$2,571,166

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Jason Russell and 5159 Amestoy Trust

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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5255 Amestoy Ave, Encino, CA 91316

Status: Active

Tomo last checked: 11/14/2024 at 2:15 PM

Listing updated: 10/25/2024 at 2:25 PM

Listed by: Jennifer Brookley, Berkshire Hathaway HomeServices California Properties Phone #: (818) 501-4800

MLS: CRMLS #SR24192048

CRMLS logo

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