tomo logo

$1,725,000

Beds
5
Baths
3.0
sq ft
2,029

5237 Melvin Ave, Tarzana, CA 91356

5237 Melvin Ave

Tarzana, CA 91356

  • 84 days on market
    • Price drop $50,000↓
Welcome to the epitome of luxurious living in this breathtaking 4-bedroom, 3-bathroom sanctuary, nestled South of the Blvd in Tarzana! From the moment you lay eyes on the meticulously manicured exterior, you know you're in for something extraordinary. Prepare to be dazzled by the interior, boasting NEW elegant kitchen cabinets and counters, adorned with stainless steel appliances. The space is further elevated by gleaming engineered wood flooring that wraps you in its natural tones and cozy embrace. Every corner is bathed in the glow of new recessed lights, creating an ambiance that beckons you to unwind and indulge. Indulgence continues as you explore the well-appointed bedrooms, each exuding sleek sophistication and basking in ample sunlight. The crown jewel is undoubtedly the primary suite, a true retreat featuring a walk-in closet and a luxuriously tiled ensuite bathroom, complete with a glass-enclosed shower and twin vanity. Step outside to discover your own personal paradise, where a sparkling pool awaits, accompanied by new equipment for endless days of relaxation and fun. Gather around the cozy fire pit area under the starlit sky, or fire up the large outdoor kitchen for epic BBQ nights with loved ones. This property boasts PAID solar panels, promising both eco-friendliness and cost savings. Additional highlights include a finished garage, currently serving as a versatile game room/living space, a tankless water heater, upgraded landscaping that adds an extra layer of charm to the property, and a built-in surround sound system for immersive entertainment experiences. For added security and peace of mind, the property is equipped with security cameras. Don't miss out on the chance to experience luxury living at its finest - schedule your tour today and embark on a journey to make this captivating residence your own! ALL offers are welcome!

Details

Property type

Single Family Residence

Est. home value

$1,756,492

Lot size

0.4213 acres

Price per sq ft

$851

Year built

1959

Price History

06/28/2024
CRMLS

CRMLS #SR24055870

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

CRMLS #SR24055870

Removed
$1,725,000
06/21/2024
CRMLS

CRMLS #SR24055870

Listed
$1,725,000

Schools & Community

Neighborhood: 

Tarzana

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$250,594
Asking price
$1,725,000
Closing costs (~8% of asking)
-$138,000
Est. remaining loan balance
-$1,336,406
Cash to seller
$250,594

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

$1,336,406

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?

Similar Homes Nearby

CRMLS
$1,494,000
5 bd
|
3 ba
|
2,462 sq ft
|
House

20619 Martha St, Woodland Hills, CA 91367

CLAW
$1,750,000
5 bd
|
3 ba
|
3,020 sq ft
|
House

19511 Rosita St, Tarzana, CA 91356

CLAW
$1,550,000
5 bd
|
3 ba
|
3,195 sq ft
|
House

4535 Totana Dr, Tarzana, CA 91356

Status: Active

Tomo last checked: 07/03/2024 at 2:25 PM

Listing updated: 06/27/2024 at 11:43 PM

Listed by: Esti Klaiman, Your Home Sold Guaranteed Realty Phone #: (626) 789-0159

MLS: CRMLS #SR24055870

CRMLS logo

Recently listed in Tarzana

$3,749,999|5 bd|4.5 ba|House
$659,000|2 bd|2.5 ba|Townhouse
$1,695,000|4 bd|3.0 ba|House
$1,299,000|3 bd|2.5 ba|House
$2,649,000|4 bd|3.25 ba|House
$1,149,900|3 bd|2.0 ba|House
$2,099,000|3 bd|3.75 ba|House
$3,299,000|4 bd|4.0 ba|House
$1,720,000|4 bd|2.75 ba|House
$5,295,000|6 bd|6.5 ba|House