tomo logo

$2,850,000

Beds
5
Baths
4.5
sq ft
3,137

5316 Lennox Ave, Sherman Oaks, CA 91401

5316 Lennox Ave

Sherman Oaks, CA 91401

  • 63 days on market
    • Price drop $145,000↓
Welcome to 5316 Lennox Ave, a stunning modern residence in the heart of Sherman Oaks where modern architecture meets luxurious living. This beautifully designed 4-bedroom, 4-bathroom home plus the detached and fully permitted cabana offers an additional bedroom and 3/4 bath for guests or a poolside retreat. The epitome of sophistication and functionality, this property offers a private oasis while being conveniently located near all the essentials. The interior features Restoration Hardware fixtures, custom millwork, bespoke finishes, Thermador appliances, and sleek Concretta finish in the cabana, elevating the home's aesthetic. The smart home Control 4 system allows you to manage lighting, surround sound, TVs, and pool settings effortlessly. The Lutron and Wemo smart lighting systems, paired with apps to control your outdoor lights, gated entry, and pool area, make this home a true tech lover’s dream. Step outside to your private retreat, complete with a sparkling pool, spa, and low-maintenance turf surrounded by mature Ficus trees for complete privacy. The garage also has a EV Charger. Located in a prime spot with sidewalks on both sides of the street—a rarity for the area—you are within walking distance to Chandler Elementary, Westfield Fashion Square Mall, Sherman Oaks Recreation Center, and a variety of shops and restaurants. With easy access to both the 101 and 405 freeways, you can be anywhere in LA County within 30 minutes. 5316 Lennox Ave offers the perfect blend of style, technology, and convenience, making it a true gem in Sherman Oaks.

Details

Property type

Single Family Residence

Est. home value

$2,842,293

Lot size

6,077 sq ft

Price per sq ft

$909

Year built

2019

Price History

10/20/2024
CRMLS

CRMLS #PW24183383

Price change
$2,850,000
-4.84%
09/06/2024
CRMLS

CRMLS #PW24183383

Listed
$2,995,000
+19.8%
07/30/2021
CLAW

CLAW #21749644

Sold
$2,500,000
+11.11%

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Chandler

Middle school: 

Van Nuys

High school: 

Van Nuys

Community features: 

Suburban, Sidewalks

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

$1,091,697
Asking price
$2,850,000
Closing costs (~8% of asking)
-$228,000
Est. remaining loan balance
-$1,530,303
Cash to seller
$1,091,697

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

Seller’s Loan History

Lender

The Federal Savings Bank

Loan start date

June 2021

Original loan amount

$1,650,000

Est. remaining balance

$1,530,303

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Vicki Chow Tep and Tonic Tep

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: 11/08/2024 at 8:30 AM

Listing updated: 10/20/2024 at 3:55 PM

Listed by: Felipe Crook, eXp Realty of Greater Los Angeles Phone #: (888) 652-1314

MLS: CRMLS #PW24183383

CRMLS logo

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