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1551 Penny Road, Topanga, California 90290, Topanga, 90290 - 3 bed, 3 bath

1551 Penny Road, Topanga, California 90290 home-pic-0
ACTIVE$2,975,000$3,199/sqft
Est. Value: $3,165,779
6%
BelowEstimate
1551 Penny Road, Topanga, California 90290
3Beds
3Baths
3,199Sqft
28,332Lot

Price Vs. Estimate

The estimated value ($3,165,779.37) is $190,779.37 (6%) higher than the list price ($2,975,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28332, living area = 3199.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.

Compared to the nearby listings

Price:$2.98M vs avg $1.57M (+$1,400,000)87%
Size:3,199 sqft vs avg 1,859 sqft74%
Price/sqft:$930 vs avg $72065%

More Insights

Built in 1934 (92 years old).
Condition: Despite being built in 1934, this property has undergone extensive and high-quality modern renovations. The remodeled chef's kitchen features custom walnut cabinetry, volcanic stone countertops, and a high-end Viking range, presenting as virtually new. The primary spa-like en-suite bath boasts dual sinks, a clawfoot tub, and a glass-enclosed shower, all in excellent condition with modern finishes. Original hardwood floors are beautifully maintained, and light fixtures are updated and stylish throughout. The property is move-in ready with no deferred maintenance visible in key areas, aligning with current quality standards. While the listing notes a lack of central air conditioning, the overall quality and recency of the renovations in critical areas warrant an 'Excellent' rating.
Year Built
1934
Close
-
List price
$2.98M
Original List price
$2.98M
Price/Sqft
$930
HOA
-
Days on market
-
Sold On
-
MLS number
26637253
Home ConditionExcellent
Features
Excellent View: Canyon, Mountain(s), Panoramic, Trees/Woods
Deck
Pool
Spa
Patio
ViewCanyon, Mountain(s), Panoramic, Trees/Woods

About this home

Tucked into the hills of Topanga, this rare 1930s retreat blends timeless character with thoughtfully curated modern updates and sweeping canyon and mountain views. Original hardwood floors, vaulted ceilings and exposed wood beams create a warm and authentic atmosphere, while expansive windows frame the surrounding landscape. The main living level features a dramatic living room with soaring ceilings and a wood-burning stove, flowing into the dining area and remodeled chef's kitchen with custom walnut cabinetry, volcanic stone countertops, a Viking range and an adjacent lounge area ideal for entertaining. Two guest bedrooms on this level enjoy peaceful views, along with a full bathroom with backyard access and a convenient half bath with double sinks. The lower level offers a serene primary suite with a spa-like en-suite bath featuring dual sinks, a clawfoot tub and a glass-enclosed shower, plus an oversized flexible room perfect for a screening room, office or creative space. Outdoors, enjoy a private, resort-style setting with lush landscaping, a saltwater pool and spa, expansive patios and multiple outdoor living areas. A true Topanga escape approximately six miles to Woodland Hills and ten miles to the beach.

K
Kennon Earl
Listing Agent

Price History

Date
Event
Price
01/20/17
Sold
$2,550,000
06/18/04
Sold
$995,000
Condition Rating
Excellent
Despite being built in 1934, this property has undergone extensive and high-quality modern renovations. The remodeled chef's kitchen features custom walnut cabinetry, volcanic stone countertops, and a high-end Viking range, presenting as virtually new. The primary spa-like en-suite bath boasts dual sinks, a clawfoot tub, and a glass-enclosed shower, all in excellent condition with modern finishes. Original hardwood floors are beautifully maintained, and light fixtures are updated and stylish throughout. The property is move-in ready with no deferred maintenance visible in key areas, aligning with current quality standards. While the listing notes a lack of central air conditioning, the overall quality and recency of the renovations in critical areas warrant an 'Excellent' rating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28332, living area = 3199.
Panoramic Views: The property offers sweeping canyon, mountain, and panoramic views, providing a serene and picturesque living environment.
Historic Charm with Modern Updates: This rare 1930s retreat seamlessly blends timeless character, including original hardwood floors and vaulted ceilings, with thoughtfully curated modern updates.
Resort-Style Outdoor Living: The private outdoor area features lush landscaping, a saltwater pool and spa, expansive patios, and multiple outdoor living spaces, ideal for relaxation and entertaining.
Gourmet Chef's Kitchen: The remodeled chef's kitchen boasts custom walnut cabinetry, volcanic stone countertops, and a Viking range, catering to high-end culinary needs.
Versatile Primary Suite & Flexible Space: A serene primary suite with a spa-like en-suite bath and an oversized flexible room offers luxurious comfort and adaptability for various lifestyle needs.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Age of Property: Built in 1934, the property, despite modern updates, may entail ongoing maintenance considerations typical of older construction.
Secluded Location: While offering privacy and an 'escape' feel, its location 'tucked into the hills of Topanga' might be perceived as remote by some, potentially impacting commute times to urban centers.
Lack of Central Air Conditioning: The description highlights a wood-burning stove but does not mention a cooling system, which could be a significant comfort concern during warmer periods in California.
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