tomo logo

$1,299,000

Beds
3
Baths
2.0
sq ft
1,270

5841 Norwich Ave, Van Nuys, CA 91411

5841 Norwich Ave

Sherman Oaks, CA 91411

  • 14 days on market
    • Price drop $51,000↓
Incredible opportunity property appraised for $1,439,000 last year! Tucked away on a charming, picturesque tree lined street in a highly sought-after neighborhood of Sherman Oaks with award winning schools, this meticulously remodeled single-story home offers a perfect blend of modern elegance and serene living. From the moment you step through the Dutch door, you'll be captivated by the stunning backyard and vegetation views from the oversized window which sets a high standard for the rest of the home.The open-concept design seamlessly integrates a fully equipped kitchen, dining area, and living room, accentuated by a tastefully designed wood slat wall. A convenient barn door conceals the stackable washer and dryer, adding to the home's sleek and functional design. The kitchen boasts top-of-the-line Wolf appliances, including a flush-mount Wolf vent, a Samsung refrigerator, quartz countertops with a breakfast bar, ample soft-closing cabinetry, a stylish coffee bar, and a farmer's sink adorned with striking Zia tile backsplash. Floating shelves, wood paneling, and a skylight further enhance the kitchen's appeal. The accordion door off the dining room effortlessly merges indoor and outdoor living spaces.Luxurious vinyl floors and recessed lighting with dimmer switches run throughout the home. The well-appointed primary bedroom features an en-suite bathroom with a shower/tub combo, a floating vanity, Zia tile floors, dual closets, a built-in bench with a skylight and reading nook, and elegant French doors that open onto an expansive deck.Step outside to discover a breathtaking backyard designed for both relaxation and entertainment. An oversized covered wood patio with mid-century globe light fixtures sets the stage for al-fresco dining and gatherings. An additional floating deck, complete with a gas fire pit, complements the barbecue area featuring a Blaze premium 4-burner gas grill with quartz countertops. Green thumbs will appreciate the four irrigated vegetable garden beds, which brings a variety of fresh produce year-round, including various tomatoes and bell peppers, strawberries, lettuce, onions, corn, pumpkins, cucumbers, celery, fava beans, string beans, broccoli, rosemary, zucchini, squash, luffa, and an assortment of chilies. The garden also features a convenient composting system. The property is enveloped in lush greenery, surrounded by mature ficus trees, a spacious lawn big enough for a pool, and serene landscaping, all enhanced by a drip system and sprinklers.The enclosed front yard is surrounded by a smooth stucco concrete fence, ficus hedges for privacy, and a custom electrical gate. It features low-maintenance artificial turf and recent concrete updates.Additional features of this home include a newer HVAC system with an Ecobee thermostat, an updated electrical panel, newer windows, electric car charger hookups, and landscape lighting. The spacious 2-car garage, currently used as a combination of a gym area and parking, offers potential for an accessory dwelling unit (ADU).Conveniently located near the highly regarded Kester Elementary School which was recently designated a national Blue Ribbon School, this home also provides easy access to LA's Westside, Beverly Hills, Sherman Oaks Galleria, the serene Japanese garden, boutique shopping, and an array of fine dining options along Ventura Boulevard. OFFER DEADLINE MONDAY 11/25 @ 12pm.

Details

Property type

Single Family Residence

Est. home value

$1,110,805

Lot size

6,754 sq ft

Price per sq ft

$1,023

Year built

1950

HOA

No

Price History

11/18/2024
CLAW

CLAW #24461467

Price change
$1,299,000
-3.78%
11/07/2024
CLAW

CLAW #24461467

Listed
$1,350,000
-2.81%
10/29/2024
CLAW

CLAW #24443495

Removed
$1,389,000

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

$197,643
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$997,437
Cash to seller
$197,643

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

November 2023

Original loan amount

$1,007,300

Est. remaining balance

$997,437

Interest rate

7.19%

Loan type

New Conventional, 30 year

Seller

Federico Rolon

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: 11/21/2024 at 5:30 PM

Listing updated: 11/18/2024 at 1:30 PM

Listed by: Federico Rolon, Compass Phone #: (310) 230-5478

MLS: CLAW #24461467

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