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11324 W Raitt Lane, North Hollywood, California 91606, North Hollywood, 91606 - 3 bed, 4 bath

11324 W Raitt Lane, North Hollywood, California 91606 home-pic-0
ACTIVE$949,999
11324 W Raitt Lane, North Hollywood, California 91606
3Beds
4Baths
1,847Sqft
971Lot
Year Built
2021
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$514
HOA
$133
Days on market
-
Sold On
-
MLS number
PF24253292
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood, Valley
Deck
ViewCity Lights,Mountain(s),Neighborhood,Valley

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 4 Cons,6 Pros. Rank: price - $950.0K(55th), sqft - 1847(67th), beds - 3(50th), baths - 4(84th).

Step into your dream home 11324 W Raitt Lane, a modern and luxurious 2021 built residence in the heart of North Hollywood. This thoughtfully designed 4 story 3-bedroom, 4-bathroom home offers 1,847 square feet of living space with an oversized LOFT, perfectly crafted for comfort, style, and convenience. Boasting four levels of contemporary architecture, this property delivers a unique blend of sophistication and smart-home innovation. As you step inside, you’re greeted by a spacious and airy interior that seamlessly blends form and function. The home features a large loft, offering endless possibilities to create a dedicated office, playroom, or entertainment lounge. The high ceilings and open floor plan ensure a smooth flow between living spaces, while high-quality finishes and fixtures elevate the overall ambiance. The stunning open floor plan kitchen features exquisite countertops and a spacious island perfect for culinary adventures. Designed for the tech-savvy homeowner, this residence is outfitted with an in-ceiling built-in Sonos sound system, providing premium audio for your favorite music, podcasts, or movies in every corner of the home. The Brilliant Home Smart System offers intuitive control over lighting, music, and other smart devices, while the Ring Alarm Smart Home Package with a Schlage Encode Door Lock ensures your peace of mind with advanced security features. Adding to the convenience, the Lutron Smart Home Package allows for effortless management of lighting and shades, further enhancing the home’s modern functionality. The two outdoor spaces are equally impressive. Take the floating stairs to the private balcony off the loft, where you're invited to unwind and soak in the beautiful views of the city and the mountains, whether you’re enjoying your morning coffee or relaxing in the evening. With ample natural light streaming in and thoughtfully designed indoor and outdoor living areas, this home is a true sanctuary in the city. Situated in a prime North Hollywood location, 11324 W Raitt Lane is close to vibrant dining, entertainment, and shopping destinations. This home is the epitome of luxury living, offering a perfect blend of cutting-edge technology, architectural elegance, and urban convenience. Located conveniently close to Noho Arts District and Noho West! Experience modern living at its finest—schedule your private tour today!

Nearby schools

5/10
Fair Avenue Elementary School
Public,•K-5•0.2mi
3/10
Maurice Sendak Elementary School
Public,•K-5•0.6mi
4/10
Oxnard Street Elementary School
Public,•K-5•0.7mi
5/10
Victory Boulevard Elementary School
Public,•K-5•0.8mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.3mi
5/10
Bellingham Elementary School
Public,•K-5•1.3mi
6/10
Lankershim Elementary School
Public,•K-5•1.4mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.6mi
8/10
Bret Harte Elementary School
Public,•K-5•1.9mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.9mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.9mi
8/10
Providencia Elementary School
Public,•K-5•1.9mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.1mi
5/10
Strathern Street Elementary School
Public,•K-5•2.3mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•2.4mi
7/10
Rio Vista Elementary School
Public,•K-5•2.8mi
4/10
Roy Romer Middle School
Public,•6-8•1.1mi
6/10
Luther Burbank Middle School
Public,•6-8•1.5mi
6/10
Walter Reed Middle School
Public,•6-8•2.4mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.7mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.6mi
3/10
East Valley Senior High School
Public,•9-12•1.2mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.2mi
8/10
North Hollywood Senior High School
Public,•9-12•1.5mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.3mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.9mi
7/10
Burroughs High School
Public,•9-12•3.1mi
8/10
Burbank High School
Public,•9-12•3.5mi
Condition Rating
Excellent
This property was built in 2021, making it only 3 years old. The description highlights its modern and luxurious design, high-quality finishes, and integrated smart home technology (Sonos, Brilliant Home Smart System, Ring Alarm, Lutron). The kitchen is described as 'stunning' with 'exquisite countertops and a spacious island,' indicating contemporary style and new appliances. Bathrooms, flooring, light fixtures, and all major systems would be virtually new and meet current quality standards, showing no deferred maintenance or physical depreciation. This perfectly aligns with the criteria for an 'Excellent' condition score.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
New Construction & Contemporary Appeal: Built in 2021, this residence offers modern architecture, high ceilings, an open floor plan, and high-quality finishes, appealing to buyers seeking a move-in ready, stylish home.
Integrated Smart Home Technology: Equipped with an in-ceiling Sonos sound system, Brilliant Home Smart System, Ring Alarm, Schlage Encode Door Lock, and Lutron Smart Home Package, providing cutting-edge convenience and security.
Prime North Hollywood Location: Situated in a highly desirable North Hollywood area, offering excellent proximity to the NoHo Arts District, NoHo West, and a vibrant array of dining, entertainment, and shopping options.
Panoramic Views & Multiple Outdoor Spaces: Features a private balcony off the loft with beautiful city and mountain views, complemented by two distinct outdoor spaces, enhancing lifestyle and appeal.
Versatile Layout with High Bath-to-Bed Ratio: The 4-story design includes an oversized loft for flexible use (office, playroom, lounge) and an impressive 3 bedrooms with 4 bathrooms, providing ample facilities for residents and guests.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 971, living area = 1847.
Limited Lot Size: The property sits on a small 971 sqft lot, which may limit private ground-level outdoor space and appeal to buyers desiring larger yards.
Multi-Level Living (4 Stories): The four-story architectural design, while modern, could present accessibility challenges for some buyers, particularly those with mobility concerns or families with very young children, due to extensive stair use.
Potential Overpricing Relative to Market Estimate: The current list price of $949,999 is above the property's estimated value of approximately $916,334, which might require a strategic pricing approach or justification to potential buyers.

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