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1553 Penny Road, Topanga, California 90290, Topanga, 90290 - 2 bed, 1 bath

1553 Penny Road, Topanga, California 90290 home-pic-0
ACTIVE$1,325,000$1,000/sqft
Est. Value: $1,253,369
-5%
AboveEstimate
1553 Penny Road, Topanga, California 90290
2Beds
1Bath
1,000Sqft
5,922Lot

Price Vs. Estimate

The estimated value ($1,253,369.33) is $71,630.67 (5%) lower than the list price ($1,325,000). This property may be overpriced.

Key pros and cons

Top Pros:
Historic Charm & Unique Character: This 1925 storybook cottage, originally a hunter's cabin, has been lovingly transformed, offering a warm, inviting ambiance with high-beam ceilings and distinctive architectural character.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 800.

Compared to the nearby listings

Price:$1.32M vs avg $1.56M ($-240,000)35%
Size:1,000 sqft vs avg 1,752 sqft6%
Price/sqft:$1.3K vs avg $72084%

More Insights

Built in 1925 (101 years old).
Condition: Despite being built in 1925, this property has undergone an extensive and recent renovation, as evidenced by the 'lovingly transformed' description and the images. The kitchen features modern, high-end stainless steel appliances, butcher block countertops, and subway tile backsplash, appearing virtually new. The bathroom is also fully updated with a contemporary vessel sink, modern vanity, and subway tile, including a soaking tub with a glass shower screen. Throughout the home, the white painted wood floors, vaulted ceilings, and mini-split AC units indicate a comprehensive and stylish update, meeting current quality standards with minimal physical depreciation. The property is truly move-in ready with a fresh, modern aesthetic.
Year Built
1925
Close
-
List price
$1.32M
Original List price
$1.32M
Price/Sqft
$1,325
HOA
-
Days on market
-
Sold On
-
MLS number
25630769
Home ConditionExcellent
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

Welcome to your peaceful hideaway in the heart of Topanga. This 1925 storybook cottage, originally built as a hunter's cabin, has been lovingly transformed into a charming retreat nestled in the Santa Monica Mountains. This two-bedroom, one-bath home is move-in ready, featuring updated appliances and a warm, inviting ambiance. Step inside to an open kitchen with high-beam ceilings and a cozy living room anchored by a fireplace. The deck extends the living space outdoors, inviting you to immerse yourself in nature and take in the surrounding views. Birds, majestic oaks, and sun-kissed canyon hills are your closest neighbors. Downstairs, you'll find two cozy bedrooms and an updated bathroom with a soaking tub/shower. A storage shed on the property offers potential for an art studio, workshop, or private office. Additional highlights include fruit trees and an outdoor shower. Endless hiking trails and Topanga State Park are just moments away. Tucked into the private Sylvia Park neighborhood, yet only a short drive to the Valley or the PCH, this home offers the perfect balance of seclusion and convenience. Move right in or continue its success as a dream rental income opportunity. Two Assessor Parcel Numbers: 4442-016-037 & 047

K
Kendal White
Listing Agent

Price History

Date
Event
Price
11/21/23
Sold
$1,300,000
10/16/17
Sold
$910,000
03/19/15
Sold
$530,000
11/23/11
Sold
$320,000
06/22/05
Sold
$550,000
Condition Rating
Excellent
Despite being built in 1925, this property has undergone an extensive and recent renovation, as evidenced by the 'lovingly transformed' description and the images. The kitchen features modern, high-end stainless steel appliances, butcher block countertops, and subway tile backsplash, appearing virtually new. The bathroom is also fully updated with a contemporary vessel sink, modern vanity, and subway tile, including a soaking tub with a glass shower screen. Throughout the home, the white painted wood floors, vaulted ceilings, and mini-split AC units indicate a comprehensive and stylish update, meeting current quality standards with minimal physical depreciation. The property is truly move-in ready with a fresh, modern aesthetic.
Pros & Cons

Pros

Historic Charm & Unique Character: This 1925 storybook cottage, originally a hunter's cabin, has been lovingly transformed, offering a warm, inviting ambiance with high-beam ceilings and distinctive architectural character.
Exceptional Natural Setting & Views: Nestled in the Santa Monica Mountains within the private Sylvia Park neighborhood, the property offers a peaceful hideaway surrounded by majestic oaks, canyon hills, and mountain views, with nature as your closest neighbor.
Outdoor Living & Recreational Access: A spacious deck extends the living space outdoors, complemented by fruit trees and an outdoor shower, with endless hiking trails and Topanga State Park just moments away for an active lifestyle.
Move-in Ready with Updates: The home is move-in ready, featuring updated appliances and an updated bathroom with a soaking tub/shower, minimizing immediate renovation needs for a new owner.
Versatile Additional Space & Income Potential: A dedicated storage shed offers potential for an art studio, workshop, or private office, and the property is highlighted as a successful 'dream rental income opportunity'.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 800.
Limited Living Space: With only 1000 sqft, 2 bedrooms, and 1 bathroom, the property offers limited living space, which may not suit larger households or those desiring more expansive interiors.
Premium Price Point for Size: The list price of $1.325 million for a 1000 sqft home represents a significant investment, potentially narrowing the buyer pool to those specifically valuing the unique Topanga lifestyle and character over square footage.
Older Infrastructure Considerations: As a 1925-built home, despite cosmetic updates, potential buyers should consider the age of underlying infrastructure (e.g., plumbing, electrical, foundation) which may require future maintenance or upgrades not explicitly detailed.
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