16770 Morrison Street, Encino, California 91436, Encino, 91436 - 4 bed, 6 bath

16770 Morrison Street, Encino, California 91436 home-pic-0
ACTIVE$2,999,000
16770 Morrison Street, Encino, California 91436
4Beds
6Baths
3,678Sqft
6,086Lot
Year Built
1949
Close
-
List price
$3M
Original List price
$3.2M
Price/Sqft
$815
HOA
-
Days on market
-
Sold On
-
MLS number
24455187
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.00M(67th), sqft - 3678(64th), beds - 4(50th), baths - 6(82th).

Elegant Gated Modern Estate in Prime Encino LocationWelcome to this stunning two-story modern masterpiece, nestled in the prestigious Encino neighborhood. As you enter through the custom iron door, you're greeted by a privately hedged front yard with meticulously maintained landscaping. Inside, the grand entryway boasts soaring ceilings, stone floors, and luxurious finishes throughout.The open floor plan features a spacious formal living room with a gas fireplace and stone accents, and a designer Italian kitchen complete with marble countertops, a center island, and top-of-the-line stainless steel appliances. Adjacent to the kitchen is a stylish dining room, highlighted by a striking stone, backlit wine display that perfectly complements the floating staircase.The downstairs area also includes a media room with a sunken living room and ample storage. Upstairs, the romantic primary suite offers a spa-like bath with dual vanities, a large skylight, a soaking tub, and a steam shower. The remaining guest bedrooms are equally impressive, with private balconies, en-suite bathrooms, and spacious closets.The outdoor space is an entertainer's paradise, featuring lush greenery, a custom half-court basketball area, an outdoor living room, a luxurious sports bar, and a full outdoor kitchen. Additional amenities include an integrated smart home system, surround sound, and a garage lift.Located just steps from Los Encinos State Historic Park, fine dining, and upscale shopping, this extraordinary home offers the ultimate in luxury and convenience.

Nearby schools

8/10
Lanai Road Elementary School
Public,K-50.9mi
5/10
Lemay Street Elementary School
Public,K-52.4mi
9/10
Kester Avenue Elementary School
Public,K-52.4mi
6/10
Lemay Street Elementary School
Public,K-52.4mi
6/10
Newcastle Elementary School
Public,K-52.5mi
9/10
Roscomare Road Elementary School
Public,K-53.5mi
5/10
Brentwood Science School
Public,K-57.7mi
5/10
William Mulholland Middle School
Public,6-82.0mi
3/10
William Mulholland Middle School
Public,6-82.3mi
6/10
Gaspar De Portola Middle School
Public,6-82.5mi
2/10
Van Nuys Middle School
Public,6-82.8mi
4/10
Reseda Senior High School
Public,9-122.7mi
6/10
Van Nuys Senior High School
Public,9-123.2mi
6/10
University Senior High School
Public,9-128.3mi
6/10
University Senior High School Charter
Public,9-128.3mi
Condition Rating
Excellent

Despite being built in 1949, the property has undergone an extensive, high-end modern renovation, transforming it into a 'stunning two-story modern masterpiece.' The kitchen features designer Italian cabinetry, marble countertops, and top-of-the-line stainless steel appliances, all appearing brand new. Bathrooms are spa-like with dual vanities, soaking tubs, and steam showers, reflecting current luxury standards. Throughout the home, there are luxurious finishes, stone and dark wood flooring, modern light fixtures, and an integrated smart home system, indicating all components are new or virtually new with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Roscomare Road Elementary School (9/10).
Luxury Modern Design & High-End Finishes: The property is presented as a 'stunning two-story modern masterpiece' featuring 'luxurious finishes,' a 'designer Italian kitchen with marble countertops, center island, and top-of-the-line stainless steel appliances,' and a 'spa-like primary bath with soaking tub and steam shower,' indicating a premium, updated interior.
Exceptional Outdoor Entertainment Area: The outdoor space is an 'entertainer's paradise' with a 'custom half-court basketball area, an outdoor living room, a luxurious sports bar, and a full outdoor kitchen,' offering unique and extensive recreational amenities.
Prime & Convenient Encino Location: Nestled in a 'prestigious Encino neighborhood,' the home is 'steps from Los Encinos State Historic Park, fine dining, and upscale shopping,' providing both exclusivity and convenient access to local attractions.
Integrated Smart Home Technology: The inclusion of an 'integrated smart home system, surround sound, and a garage lift' provides modern convenience, technological sophistication, and enhanced lifestyle features.
Privacy and Curb Appeal: The property is 'gated' and features a 'privately hedged front yard with meticulously maintained landscaping,' ensuring privacy and presenting a strong, appealing first impression.

Cons

Significant Price Discrepancy: The current listing price of $2,999,000 is substantially higher than the estimated property value of $1,760,513, indicating a potential overvaluation that could challenge market absorption and buyer interest.
Absence of Stated Cooling System: Despite being a luxury modern estate in a warm climate, the detailed property description does not explicitly mention an air conditioning or cooling system, which is a critical comfort amenity expected in this market segment.
Lack of Scenic Views: The property details explicitly state 'view: None,' which may be a drawback for luxury buyers in the California market who often prioritize and pay a premium for desirable scenic vistas.

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