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15122 Morrison Street, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 4 bed, 4 bath

15122 Morrison Street, Sherman Oaks, California 91403 home-pic-0
ACTIVE$2,295,000
15122 Morrison Street, Sherman Oaks, California 91403
4Beds
4Baths
2,422Sqft
6,077Lot

Price Vs. Estimate

The estimated value ($1,515,235.215) is $779,764.785 (33%) lower than the list price ($2,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
Architecturally Designed & Newly Built Estate: The property is a 'newly built contemporary estate by renowned architect Phillip Sherman,' suggesting modern design, quality construction, and architectural distinction, despite the original 1941 build year.
Top Cons:
Significant Overpricing Relative to Market Estimation: The current listing price of $2.295M is approximately 51% higher than the property's estimated value of $1.515M, indicating a substantial potential valuation mismatch.

Compared to the nearby listings

Price:$2.29M vs avg $2.10M (+$190,000)61%
Size:2,422 sqft vs avg 2,646 sqft42%
Price/sqft:$948 vs avg $82076%

More Insights

Built in 1941 (84 years old).
Condition: Despite the original build year of 1941, the listing explicitly states this is a 'newly built contemporary estate' by a renowned architect, indicating a complete and recent overhaul. The images confirm a fully renovated property with an open-concept layout, soaring ceilings, and modern, high-end finishes throughout. The kitchen features white shaker-style cabinetry, a large island, and high-end stainless steel appliances. While specific bathroom images are not provided, the description mentions a 'spa-like bathroom' with a freestanding soaking tub and separate walk-in shower, consistent with a luxury renovation. All visible components, including flooring, lighting, and exterior landscaping, appear new and meet current quality standards, showing no deferred maintenance.
Year Built
1941
Close
-
List price
$2.29M
Original List price
$2.51M
Price/Sqft
$948
HOA
-
Days on market
-
Sold On
-
MLS number
25494659
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to your dream home in the heart of Sherman Oaks, where peace, privacy, and style come together perfectly! Tucked away in a charming, quiet pocket of this sought-after neighborhood, this newly built contemporary estate by renowned architect Phillip Sherman offers the ultimate sanctuary. This home features an open-concept layout, soaring 14-foot ceilings, a stunning skylight, and walls of windows that flood the space with natural light, creating a bright, airy atmosphere. The spacious chef's kitchen, complete with a large center island, breakfast bar, and high-end stainless steel appliances, flows seamlessly into the dining and living area that leads to a beautifully landscaped backyard. With three generously sized bedrooms and three bathrooms, the master suite boasts a massive walk-in closet that leads to a spa-like bathroom featuring a freestanding soaking tub and a separate walk-in shower. Additionally, a fully permitted, detached guest house with its own entrance, kitchen, bedroom, and bathroom makes it ideal for guests or additional income. Designed for both luxury and practicality, this home is perfect for enjoying family life or entertaining guests. It offers the kind of space and comfort that makes you feel right at home from the moment you step inside. Schedule a showing to see this beautiful home for yourself.

Condition Rating
Excellent
Despite the original build year of 1941, the listing explicitly states this is a 'newly built contemporary estate' by a renowned architect, indicating a complete and recent overhaul. The images confirm a fully renovated property with an open-concept layout, soaring ceilings, and modern, high-end finishes throughout. The kitchen features white shaker-style cabinetry, a large island, and high-end stainless steel appliances. While specific bathroom images are not provided, the description mentions a 'spa-like bathroom' with a freestanding soaking tub and separate walk-in shower, consistent with a luxury renovation. All visible components, including flooring, lighting, and exterior landscaping, appear new and meet current quality standards, showing no deferred maintenance.
Pros & Cons

Pros

Architecturally Designed & Newly Built Estate: The property is a 'newly built contemporary estate by renowned architect Phillip Sherman,' suggesting modern design, quality construction, and architectural distinction, despite the original 1941 build year.
Modern Open-Concept Design with Abundant Natural Light: Features an open-concept layout, soaring 14-foot ceilings, a stunning skylight, and walls of windows that flood the space with natural light, creating a bright and airy atmosphere.
Gourmet Chef's Kitchen: The spacious chef's kitchen is equipped with a large center island, breakfast bar, and high-end stainless steel appliances, appealing to modern buyers who prioritize culinary spaces.
Luxurious Master Suite: The master suite boasts a 'massive walk-in closet' and a 'spa-like bathroom' featuring a freestanding soaking tub and a separate walk-in shower, offering a high level of comfort and luxury.
Fully Permitted Detached Guest House (ADU): Includes a fully permitted, detached guest house with its own entrance, kitchen, bedroom, and bathroom, providing exceptional versatility for guests, multi-generational living, or potential rental income.

Cons

Significant Overpricing Relative to Market Estimation: The current listing price of $2.295M is approximately 51% higher than the property's estimated value of $1.515M, indicating a substantial potential valuation mismatch.
Extended Days on Market & Price Reduction: The property has been on the market for over 4 months (since February 5th) and has already undergone a price reduction from $2.51M to $2.295M, suggesting challenges in attracting buyers at its initial price point.
Lack of Desirable Views: The property description explicitly states 'view: None,' which can be a comparative disadvantage in a competitive market like Sherman Oaks where properties with desirable views often command higher prices.

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