tomo logo

$3,599,000

Beds
5
Baths
4.75
sq ft
4,812

5529 Ranchito Ave, Sherman Oaks, CA 91401

5529 Ranchito Ave

Sherman Oaks, CA 91401

  • 54 days on market
    • Price drop $100,000↓
Presenting a masterful 2024 architectural evolution and visionary design of the acclaimed modern American farmhouse. Integrating current trends with timeless style; simple pleasures with ultimate luxury. A building achievement beyond compare with no expense spared, no detail overlooked. The exterior presents clean lines and core elements that lend character and unpretentious beauty. Light, open and quietly spectacular, vast interior spaces are the epitome of sleek and chic; simultaneously casual and elegant with only the finest quality finishes and rich, organic elements selected. Elaborate baths feature the latest on trend designs in finishes. The kitchen is a peerless, bespoke open concept culinary center for the adventurous at home chef. Opening to the great room it becomes the perfect gathering place for friends and family. With an emphasis on the luxury lifestyle, the outdoor space defines Southern California as disappearing walls of glass reveal a spectacular backyard retreat and resort. Replete with outdoor BBQ, lounging patios, ensuite cabana and expansive pool and spa with Baja shelf, it's the quintessential venue for warm, relaxed poolside lounging by day, cool gatherings and lavish entertaining by night. Five en suite bedrooms including a magnificent, lux primary suite complete the comfortable accommodations. Highlight include a spectacular home theater perfect for gaming and movie parties. Located in proximity to CBS, NBC, Disney, Warner Bros. and Universal Studios, Valley College, the Sherman Oaks Rec Center and Fashion Square Mall. This distinctive property is a case study in craftsmanship, elegance, and design and is your ultimate destination. Welcome!

Details

Property type

Single Family Residence

Est. home value

$1,551,937

Property condition

New Construction

Lot size

7,264 sq ft

Price per sq ft

$748

Year built

2024

HOA

No

Price History

06/11/2024
CLAW

CLAW #24382989

Price change
$3,599,000
-2.7%
05/08/2024
CLAW

CLAW #24382989

Listed
$3,699,000
+145.78%
05/12/2022
CLAW

CLAW #22136283

Sold
$1,505,000

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Conventus Llc

Loan start date

August 2023

Original loan amount

$1,738,658

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Commercial

Seller

5529 Ranchito Llc

Lender

Bgif Inc

Loan start date

February 2023

Original loan amount

$667,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Building or Construction Loan

Seller

5529 Ranchito Llc

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: 07/01/2024 at 8:25 AM

Listing updated: 06/24/2024 at 7:41 PM

Listed by: Michael J. Okun, Sotheby's International Realty Phone #: (818) 990-8700

MLS: CLAW #24382989

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