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18350 Hatteras Street 248, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 2 bath

18350 Hatteras Street 248, Tarzana, California 91356 home-pic-0
ACTIVE$450,000
18350 Hatteras Street 248, Tarzana, California 91356
3Beds
2Baths
1,030Sqft
234,363Lot
Year Built
1972
Close
-
List price
$450K
Original List price
$480K
Price/Sqft
$437
HOA
$586.74
Days on market
-
Sold On
-
MLS number
25535687
Home ConditionGood
Features
Patio
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $450.0K(43th), sqft - 1030(43th), beds - 3(54th), baths - 2(50th).

Resort-style living in the gated Tara Village Condominium complex with park-like grounds! Tastefully designed 3 bedrooms & 2-bathroom offers a bright and airy open floor plan includes a foyer, spacious living room and adjoining dining space with sliding glass doors leading to a private patio. Large master bedroom bathroom with shower. Additional bonus amenities include laminate floors throughout, washer/dryer hook ups inside unit, central AC/Heat and 2 parking spaces tandem. Association amenities include heated pool, spa, sauna, kid s playground, gym, BBQ area, and rec. room. HOA dues cover water, gas, trash and sewer. Close proximity to shops, restaurants, bars and with quick access to the 101 freeway. Fantastic opportunity! Owner plans on doing 1031 exchange at no cost to buyer. FYI- (HOA currently has zero reserves and the Complex is Underinsured.)

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•0.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•0.9mi
6/10
Newcastle Elementary School
Public,•K-5•1.0mi
8/10
Lanai Road Elementary School
Public,•K-5•3.0mi
6/10
Gaspar De Portola Middle School
Public,•6-8•0.8mi
5/10
William Mulholland Middle School
Public,•6-8•1.9mi
3/10
William Mulholland Middle School
Public,•6-8•1.9mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.0mi
4/10
Reseda Senior High School
Public,•9-12•0.9mi
Condition Rating
Good
Despite being built in 1972, this unit appears to have undergone significant interior renovations, likely within the last 5-15 years. The kitchen features modern white cabinetry, stainless steel appliances, and a subway tile backsplash, while the bathrooms boast updated vanities, fixtures, and tiling. Laminate flooring throughout and central AC/Heat contribute to a move-in ready condition with a contemporary aesthetic. While the building itself is older, the unit's interior condition is well-maintained and updated, aligning with the 'Good' criteria for a property extensively renovated within the last 5 to 15 years.
Pros & Cons

Pros

Extensive Community Amenities: Offers resort-style living within a gated complex, featuring a heated pool, spa, sauna, gym, playground, BBQ area, and rec room.
Prime Location & Accessibility: Situated in close proximity to shops, restaurants, bars, and provides quick access to the 101 freeway.
Modern Comforts & Conveniences: Includes central AC/Heat, in-unit washer/dryer hookups, laminate flooring throughout, and two dedicated tandem parking spaces.
Inclusive HOA Benefits: Monthly HOA dues cover essential utilities such as water, gas, trash, and sewer, simplifying household expenses.
Tasteful Design & Private Patio: Boasts a tastefully designed, bright, and airy open floor plan with a private patio for outdoor enjoyment.

Cons

Significant HOA Financial Risk: The HOA currently has zero reserves and the complex is underinsured, indicating potential for future financial burdens or special assessments for owners.
High Association Fees: The monthly HOA fee of $586.74 is substantial, particularly in light of the complex's reported financial instability.
Property Age: Built in 1972, the property is over 50 years old, which may lead to increased maintenance costs or the need for future capital improvements.

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