tomo logo

$2,842,293Estimated home value

Beds
4
Baths
4.0
sq ft
2,937

5316 Lennox Ave, Sherman Oaks, CA 91401

5316 Lennox Ave

Sherman Oaks, CA 91401

  • Sold On 7/30/2021
Elegance and tranquility radiates through this modern masterpiece, designed to maximize indoor and outdoor space for entertainment. This beautifully detailed new construction four-bedroom, four-bathroom "smart" home welcomes you with its open floorplan, wide plank hardwood floors throughout, uniquely accented by a wealth of light and high ceilings. The magnificent kitchen is outfitted with custom cabinets, Thermador appliances, and a large island with room for seating. Situated between the courtyard and backyard, is the spacious family room equipped with surround sound speakers and a beautiful linear fireplace. The floor to ceiling pocket doors open to your backyard sanctuary, which features a covered trellis, perfect for outdoor seating, BBQ center with fridge, surround sound speakers, and a pool with a baja and spa. The courtyard located in the center of the home allows for more outdoor dining and lounging. The gorgeous master suite hosts two balconies, a fireplace, stand alone tub, two sinks, a large walk-in shower and a custom walk-in closet. Additional features include LED lighting throughout, dry bar, "8" HD security cameras and two flat screen TV's.

Details

Property type

Single Family Residence

Est. home value

$2,842,293

Lot size

6,075 sq ft

Price per sq ft

$818

Year built

2020

Price History

11/15/2024
CRMLS

CRMLS #PW24183383

Removed
$2,850,000
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%

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$677,697
Asking price
$2,400,000
Closing costs (~8% of asking)
-$192,000
Est. remaining loan balance
-$1,530,303
Cash to seller
$677,697

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?

Status: Off Market

Tomo last checked: 11/22/2024 at 5:20 AM

Listing updated: 08/23/2024 at 2:21 PM

Listed by: Matthew Jaime, REO Modern Realty Corp. Phone #: (888) 227-4120

MLS: CLAW #21749644

CLAW logo

Recently listed in Sherman Oaks