18047 Erwin Street, Encino, California 91316, Encino, 91316 - 4 bed, 3 bath
ACTIVE$1,470,000
18047 Erwin Street, Encino, California 91316
4Beds
3Baths
2,283Sqft
13,396Lot
Price Vs. Estimate
The estimated value ($1,020,101.555) is $449,898.445 (30%) lower than the list price ($1,470,000). This property may be overpriced.
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 = 13396, living area = 2283.
Top Cons:
Age and Condition for Renovation: Built in 1956, the property's age implies a need for significant updates or a full renovation, as highlighted by the 'potential to remodel, add on, or tear down' phrasing.
Compared to the nearby listings
Price:$1.47M vs avg $1.47M (+$5,000)51%
Size:2,283 sqft vs avg 2,250 sqft52%
Price/sqft:$644 vs avg $74319%
More Insights
Built in 1956 (69 years old).
Condition: The property, built in 1956, appears to have undergone renovations approximately 15-25 years ago. While clean and functional, the kitchen features light wood cabinets, speckled granite countertops, and white tiled flooring, which are dated in style. Appliances are stainless steel but not top-of-the-line modern. Bathrooms show a mix of older tiled showers (some with dated gold-framed enclosures) and basic vanities, though one shower appears slightly more refreshed. Light fixtures are generally older chandelier styles. The overall aesthetic is maintained but clearly outdated, aligning with the description's suggestion of 'potential to remodel, add on, add ADU, or tear down and build new,' indicating it requires significant updates to meet current standards.
Year Built
1956
Close
-
List price
$1.47M
Original List price
$1.5M
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
SR25069122
Home ConditionFair
Features
Pool
Spa
Patio
ViewPool
About this home
Location, Location, Location! This great Encino house has an open floor plan featuring a spacious living room and dining area, a kitchen that is open to the family room, 4 bedrooms, and 3 bathrooms. Sliding glass doors open to the large rear yard with an oversized pool and spa, a generous sized patio deck for entertaining, numerous fruit trees and a storage shed. This amazing house is almost 1/3 acre flat lot with lots of potential to remodel, add on, add ADU, or tear down and build new and it is set back from the street. Close to freeways, shops, restaurants, and houses of worship.
Condition Rating
Fair
The property, built in 1956, appears to have undergone renovations approximately 15-25 years ago. While clean and functional, the kitchen features light wood cabinets, speckled granite countertops, and white tiled flooring, which are dated in style. Appliances are stainless steel but not top-of-the-line modern. Bathrooms show a mix of older tiled showers (some with dated gold-framed enclosures) and basic vanities, though one shower appears slightly more refreshed. Light fixtures are generally older chandelier styles. The overall aesthetic is maintained but clearly outdated, aligning with the description's suggestion of 'potential to remodel, add on, add ADU, or tear down and build new,' indicating it requires significant updates to meet current standards.
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 = 13396, living area = 2283.
Prime Location: Strategically located in Encino, offering convenient access to freeways, shops, restaurants, and houses of worship.
Significant Development Potential: Sits on an almost 1/3 acre flat lot, providing ample opportunity for extensive remodeling, adding an ADU, expanding, or even a complete rebuild.
Generous Outdoor Living: Features a large rear yard with an oversized pool and spa, a spacious patio deck perfect for entertaining, and numerous fruit trees.
Functional Open Floor Plan: Boasts an open floor plan with a spacious living room, dining area, and a kitchen that flows into the family room, suitable for modern lifestyles.
Enhanced Privacy: The house is set back from the street, contributing to a more private and serene living environment.
Cons
Age and Condition for Renovation: Built in 1956, the property's age implies a need for significant updates or a full renovation, as highlighted by the 'potential to remodel, add on, or tear down' phrasing.
Discrepancy in Valuation: The listing price of $1.47M is considerably higher than the estimated property value of approximately $1.02M, suggesting potential overpricing relative to current market estimations.
Lack of Modern System Updates: The description does not specify any recent major system upgrades or modern amenities (e.g., HVAC, electrical, plumbing), indicating potential deferred maintenance or outdated infrastructure typical for a home of this vintage.