16560 Park Lane Circle, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath

16560 Park Lane Circle, Los Angeles, California 90049 home-pic-0
ACTIVE$3,999,000
16560 Park Lane Circle, Los Angeles, California 90049
4Beds
4Baths
4,409Sqft
14,497Lot

Price Vs. Estimate

The estimated value ($3,177,225.94) is $821,774.06 (20%) lower than the list price ($3,999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Top Cons:
Significant Overpricing: The current list price is approximately 20% above the estimated market value, which may impact buyer interest and time on market.

Compared to the nearby listings

Price:$4.00M vs avg $3.95M (+$49,000)50%
Size:4,409 sqft vs avg 3,353 sqft72%
Price/sqft:$907 vs avg $1.3K9%

More Insights

Built in 1962 (63 years old).
Condition: The property, built in 1962, has undergone significant, high-quality renovations as described ('re-imagined, redone,' 'updated state-of-the-art kitchen,' 'top-of-the-line stainless steel appliances,' 'newer engineered cement roof,' 'newer pool'). However, the visual style of the kitchen (Maple cabinets, granite countertops) and the extensive Walnut wood paneling throughout the living areas suggest these major renovations were likely completed 15-25 years ago, making them functional and well-maintained but stylistically outdated by current standards. The absence of explicit central air conditioning, noted as a weakness, and the potential for other dated underlying systems further support a 'Fair' rating, indicating that while move-in ready and well-kept, it shows signs of age in its primary aesthetic and some systems, requiring minor updates to meet contemporary expectations.
Year Built
1962
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$907
HOA
$150
Days on market
-
Sold On
-
MLS number
25550077
Home ConditionFair
Features
Excellent View: Park/Greenbelt
Pool
Patio
ViewPark/Greenbelt

About this home

Sitting pretty above the street with sprawling 120 ft imposing frontage, this re-imagined, redone classic traditional with 180 degrees pastoral views, boasts pride of ownership.Double doors invite you to formal entry opening to free-flowing public rooms that can afford grand entertainment with ease and comfort. Large formal living room with state-of-the-art Walnut paneling and built-in display cabinets, leads to spacious formal dining room with French beveled glass windows and extensive artistic walnut wood panels and display cabinets. Crowd-gathering family room offers substantial wood-burning stone fireplace, walk-in wet bar with custom marble countertops, and plenty of built-in cabinets to afford a diverse collection of bottles. A large walk-in wine closet that caters to over 300 bottles of wine. All these rooms have gleaming hardwood and Saltillo tile floors and open to a secluded private backyard that offers panoramic views, and a sparkling newer pool with shimmering tiles, to enjoy seamless indoor-outdoor flow for grand entertainment. The primary bedroom features a sitting area, two walk-in closets, spa tub, a shower, double sinks, and marble countertops. It also offers direct access to the backyard to enjoy the pool and unobstructed views. The secondary main bedroom features an updated bath with double sinks, marble countertops, with two closets, one is cedar-lined. The separate guest wing or maid's room has its own bath with marble counter tops large shower, and a closet. An enormous game room or media room has wall paneling, hardwood floors, and plantation shutters. An updated state-of-the-art kitchen features custom-made Maple cabinets, granite countertops, a walk-in pantry, and top-of-the-line stainless steel appliances, and is adjacent to a sunny breakfast area overlooking the picturesque backyard and pool. Spacious laundry room with built-in cabinets, wash basin, and hanging facilities.Newer engineered cement roof, automatic awnings, Central vacuum, alarm system, and much more to enumerate. This character-rich home is ideally situated in Upper Brentwood with easy access to both The West Side and The Valley for the enjoyment of all the amenities that both areas have to offer. Close proximity to the houses of worship, 5 award-winning private schools, and Roscomare Elementary School make this home an ideal location for families with children. This remarkable property offers it all for an unmatched living experience.

Nearby schools

8/10
Lanai Road Elementary School
Public,K-51.5mi
9/10
Roscomare Road Elementary School
Public,K-51.8mi
9/10
Warner Avenue Elementary School
Public,K-55.2mi
5/10
Brentwood Science School
Public,K-55.4mi
9/10
Fairburn Avenue Elementary School
Public,K-55.9mi
5/10
Brockton Avenue Elementary School
Public,K-56.0mi
9/10
Franklin Elementary School
Public,PK-56.1mi
7/10
Nora Sterry Elementary School
Public,K-56.3mi
6/10
Gaspar De Portola Middle School
Public,6-83.9mi
5/10
William Mulholland Middle School
Public,6-84.4mi
8/10
Lincoln Middle School
Public,6-86.8mi
6/10
Van Nuys Senior High School
Public,9-124.8mi
6/10
University Senior High School
Public,9-126.0mi
6/10
University Senior High School Charter
Public,9-126.0mi
8/10
Santa Monica High School
Public,9-128.1mi

Price History

Date
Event
Price
04/19/01
Sold
$1,228,000
09/25/97
Sold
$840,000
Condition Rating
Fair

The property, built in 1962, has undergone significant, high-quality renovations as described ('re-imagined, redone,' 'updated state-of-the-art kitchen,' 'top-of-the-line stainless steel appliances,' 'newer engineered cement roof,' 'newer pool'). However, the visual style of the kitchen (Maple cabinets, granite countertops) and the extensive Walnut wood paneling throughout the living areas suggest these major renovations were likely completed 15-25 years ago, making them functional and well-maintained but stylistically outdated by current standards. The absence of explicit central air conditioning, noted as a weakness, and the potential for other dated underlying systems further support a 'Fair' rating, indicating that while move-in ready and well-kept, it shows signs of age in its primary aesthetic and some systems, requiring minor updates to meet contemporary expectations.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Extensive Renovations & High-End Finishes: The property has been re-imagined and redone, featuring state-of-the-art Walnut paneling, artistic wood panels, an updated kitchen with custom Maple cabinets, granite countertops, top-of-the-line appliances, and a newer engineered cement roof.
Exceptional Entertainment & Outdoor Living: Designed for grand entertainment with free-flowing public rooms, a family room with a wet bar, a 300+ bottle wine closet, and a secluded backyard with panoramic views and a sparkling newer pool for seamless indoor-outdoor flow.
Prime Upper Brentwood Location: Ideally situated in Upper Brentwood, offering convenient access to both the West Side and the Valley, and close proximity to award-winning private schools and Roscomare Elementary School.
Desirable Views: The property boasts 180-degree pastoral views and panoramic views from the private backyard, enhancing its appeal and providing a serene living environment.
Luxurious Primary Suite & Flexible Layout: Features a primary bedroom with a sitting area, two walk-in closets, spa tub, and direct pool access, alongside a separate guest wing/maid's room and an enormous game/media room, offering versatile living spaces.

Cons

Significant Overpricing: The current list price is approximately 20% above the estimated market value, which may impact buyer interest and time on market.
Absence of Explicit Central Air Conditioning: Despite extensive renovations and luxury amenities, the property description does not explicitly mention a central air conditioning system, which is a key expectation for luxury homes in Los Angeles.
Potential for Dated Underlying Systems: While extensively updated, the original construction year of 1962 suggests that some underlying systems (e.g., plumbing, electrical) or structural elements may not be fully modernized, potentially requiring future investment.

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