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17040 Rancho Street, Encino, California 91316, Encino, 91316 - 6 bed, 6 bath

17040 Rancho Street, Encino, California 91316 home-pic-0
ACTIVE$3,850,000
17040 Rancho Street, Encino, California 91316
6Beds
6Baths
4,514Sqft
18,168Lot

Price Vs. Estimate

The estimated value ($3,447,665.2) is $402,334.8 (10%) lower than the list price ($3,850,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Resort-Style Amenities: Features a lagoon pool/spa, professional greenhouse, sport court, Zen meditation platform, and a separate pool house/guest quarters, creating a luxurious resort-like living experience.
Top Cons:
Age of Construction (1951): Built in 1951, the property, despite updates, may have underlying infrastructure (plumbing, electrical, HVAC) that is older and potentially less energy-efficient or prone to future maintenance compared to newer homes.

Compared to the nearby listings

Price:$3.85M vs avg $1.47M (+$2,385,000)86%
Size:4,514 sqft vs avg 2,250 sqft81%
Price/sqft:$853 vs avg $74577%

More Insights

Built in 1951 (74 years old).
Condition: The property, built in 1951, appears well-maintained but the interior, particularly the kitchen and bathrooms, shows clear signs of being renovated 20-30+ years ago, aligning with the 'First time on the market in 30 years!' statement. The kitchen features dated tile countertops, and the bathrooms have older tile, fixtures, and vanities (e.g., jetted tub, brass-toned fixtures). While functional and 'move-in ready' as described, these areas require significant cosmetic updates to meet current aesthetic standards. The wet bar also appears very dated. The property fits the 'Fair' criteria of being aged but maintained through regular upkeep, with major components functional but showing signs of being outdated, and requiring minor updates.
Year Built
1951
Close
-
List price
$3.85M
Original List price
$3.85M
Price/Sqft
$853
HOA
-
Days on market
-
Sold On
-
MLS number
25587821
Home ConditionFair
Features
Pool
Spa
Patio
View

About this home

FIrst time on the market in 30 years! This iconic Rancho Estates compound is ensconced behind mature landscaping and a dual gated circular drive. The inviting front veranda leads to a formal 2 story entry flanked by a living room with fireplace and vaulted ceiling as well as a banquet sized formal dining room. A seamless flow across natural toned oak hardwood floors reveals a central great room with soaring ceilings, additional fireplace & wet bar opening to a true gourmet's center island kitchen with breakfast area & coffee/breakfast bar. French doors open to a magical entertainer's retreat offering a cathedral ceiling covered living/dining area, lagoon pool/spa and tiered grassy areas shaded by specimen trees and plantings. A professional greenhouse, sport court, Zen meditation platform & Pool House/Guest Quarters building with bedroom & bath, complete this resort style setting. The ideal floor plan includes an expansive primary suite with fireplace, spa style bath and walk in closets offering direct poolside access. 2 additional generously sized suites are adjacent to the primary. A guest/maids bed and bath are off the kitchen as well as direct access garage. An additional upstairs guest suite with bath, kids fun zone play area, another bedroom turned into a closet, and a home office complete the second level. Surrounded by Multi Million dollar estates, this home offers move in ready condition combined with limitless potential for its next lucky owner.

Condition Rating
Fair
The property, built in 1951, appears well-maintained but the interior, particularly the kitchen and bathrooms, shows clear signs of being renovated 20-30+ years ago, aligning with the 'First time on the market in 30 years!' statement. The kitchen features dated tile countertops, and the bathrooms have older tile, fixtures, and vanities (e.g., jetted tub, brass-toned fixtures). While functional and 'move-in ready' as described, these areas require significant cosmetic updates to meet current aesthetic standards. The wet bar also appears very dated. The property fits the 'Fair' criteria of being aged but maintained through regular upkeep, with major components functional but showing signs of being outdated, and requiring minor updates.
Pros & Cons

Pros

Exceptional Resort-Style Amenities: Features a lagoon pool/spa, professional greenhouse, sport court, Zen meditation platform, and a separate pool house/guest quarters, creating a luxurious resort-like living experience.
Spacious & Flexible Floor Plan: Offers multiple generously sized suites, an expansive primary suite with direct poolside access, a guest/maid's bed and bath, a home office, and a 'kids fun zone,' providing versatile living arrangements.
Gourmet Kitchen & Grand Living Spaces: Boasts a gourmet center island kitchen with breakfast and coffee bars, complemented by a formal two-story entry, vaulted ceilings, and multiple fireplaces, ideal for entertaining.
Prime Location & Exclusivity: Situated in the prestigious Rancho Estates, surrounded by multi-million dollar estates, behind mature landscaping and a dual-gated circular drive, ensuring privacy and prestige.
Move-in Ready with Upside Potential: Described as 'move-in ready' while offering 'limitless potential' for future enhancements, appealing to buyers seeking immediate occupancy with long-term investment value.

Cons

Age of Construction (1951): Built in 1951, the property, despite updates, may have underlying infrastructure (plumbing, electrical, HVAC) that is older and potentially less energy-efficient or prone to future maintenance compared to newer homes.
High Maintenance Demands: The extensive list of luxury amenities, including a large pool, mature landscaping, greenhouse, and sport court, implies significant ongoing maintenance costs and time commitment for the owner.
Specific Customizations: The conversion of a bedroom into a closet and the presence of a 'kids fun zone' are highly specific customizations that might not align with all buyers' needs, potentially requiring additional renovation expenses to revert or reconfigure.

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