tomo logo

$1,675,000

Beds
4
Baths
3.0
sq ft
2,029

5237 Melvin Ave, Tarzana, CA 91356

5237 Melvin Ave

Tarzana, CA 91356

  • 15 days on market
Welcome to 5237 Melvin Ave, a luxurious 4-bedroom, 3-bathroom home nestled on a quiet cul-de-sac south of Ventura Blvd in Tarzana. Located in a highly sought-after neighborhood, this property is just moments from top-rated schools, parks, shopping, and dining options. Step inside to discover a brand-new kitchen with modern cabinets, quartz countertops, and stainless steel appliances, enhanced by warm engineered wood flooring and stylish recessed lighting throughout. The spacious primary suite offers a walk-in closet and updated ensuite with a glass-enclosed shower and dual vanities, while each additional bedroom is well-sized and bright. Outside, enjoy your private retreat with a sparkling pool (featuring new equipment), a cozy fire pit, and a large outdoor kitchen perfect for entertaining. The versatile garage can serve as a game room, office, entertainment space, or traditional parking and storage. With *paid solar panels* and upgraded landscaping, this property blends eco-friendly living with timeless elegance. Schedule your tour today and experience this exceptional Tarzana home firsthand!

Details

Property type

Single Family Residence

Est. home value

$1,756,492

Lot size

0.4213 acres

Price per sq ft

$826

Year built

1959

HOA

No

Price History

11/07/2024
CRMLS

CRMLS #SR24229286

Listed
$1,675,000
-2.9%
07/06/2024
CRMLS

CRMLS #SR24055870

Removed
$1,725,000
06/28/2024
CRMLS

CRMLS #SR24055870

Listed
$1,725,000

Schools & Community

Neighborhood: 

Tarzana

Elementary school: 

Wilbur

Middle school: 

Unknown

High school: 

Taft

Community features: 

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

$211,999
Asking price
$1,675,000
Closing costs (~8% of asking)
-$134,000
Est. remaining loan balance
-$1,329,001
Cash to seller
$211,999

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

Seller’s Loan History

Lender

Celebrity Home Loans Llc

Loan start date

June 2022

Original loan amount

$1,380,000

Est. remaining balance

$1,329,001

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Nelson Cohen and Bella Cohen

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 10:00 AM

Listing updated: 11/17/2024 at 5:40 PM

Listed by: Esti Klaiman, Keller Williams Coastal Properties Phone #: (562) 961-1400

MLS: CRMLS #SR24229286

CRMLS logo

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