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19061 Wells Drive, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 3 bath

19061 Wells Drive, Tarzana, California 91356 home-pic-0
ACTIVE$2,850,000
19061 Wells Drive, Tarzana, California 91356
4Beds
3Baths
3,741Sqft
17,217Lot
Year Built
1937
Close
-
List price
$2.85M
Original List price
$3M
Price/Sqft
$762
HOA
-
Days on market
-
Sold On
-
MLS number
25522171
Home ConditionExcellent
Features
Good View: Trees/Woods
Deck
Pool
Patio
ViewTrees/Woods

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.85M(84th), sqft - 3741(75th), beds - 4(50th), baths - 3(50th).

Welcome to this exceptional property ideally located South of the Boulevard. This reimagined home offers and unparalleled blend of modern elegance and charm. The spacious 3,741 s.f. floor plan offers seamless indoor/outdoor living with multiple living areas. The spacious living room features a fireplace, built in cabinets, wine refrigerator and French doors that opens to a new redwood deck overlooking the picturesque yard make it ideal for entertaining. The gourmet kitchen is a culinary dream with custom cabinets, Viking appliances, huge island with Taj Mahal quartzite and informal/formal dining areas as well as outdoor seating area for al fresco dining. The lavish primary suite is the only room on the second floor. Highlights include two professionally designed walk in closets, a luxurious spa style bath with Carrara marble floors, dual vanity with custom cabinets, soaking tub and separate shower. You will love the private tree top balcony where you can enjoy the views . Three additional beautifully redesigned bedrooms. One is located on opposite site of the house making it ideal for an office or guest suite with a private patio and easy access to the pool. The other baths also feature Carrara marble floors, custom cabinets and high end fixtures. The expansive 17,217 s.f. yard embodies quintessential California living. The professionally landscaped yard features palms, mature trees - including orange and lemon trees throughout the verdant oasis. The grotto like sparkling pool is surrounded by multiple patios and decks offering plenty of room for relaxation. This lovely home features hardwood floors, new dual zoned HVAC, new roof, new windows, two separate garages and circular driveway with gated access for privacy/security. There are many more upgrades and features to this beautifully upgraded home. Surrounded by multi-million dollar estates. Quick and convenient access to shops, restaurants, schools and freeway. This home is not to be missed.

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•0.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.3mi
6/10
Newcastle Elementary School
Public,•K-5•2.2mi
8/10
Lanai Road Elementary School
Public,•K-5•3.4mi
6/10
Gaspar De Portola Middle School
Public,•6-8•0.5mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.2mi
5/10
William Mulholland Middle School
Public,•6-8•3.1mi
3/10
William Mulholland Middle School
Public,•6-8•3.2mi
4/10
Reseda Senior High School
Public,•9-12•2.1mi
Condition Rating
Excellent
Despite being built in 1937, this property has undergone an extensive and high-quality renovation, making it virtually new. The description highlights a 'reimagined home' with a 'gourmet kitchen' featuring Viking appliances and Taj Mahal quartzite, and 'luxurious spa style baths' with Carrara marble and high-end fixtures. Images confirm modern custom cabinetry, new hardwood floors, recessed lighting, and new dual-zoned HVAC, roof, and windows. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 17217, living area = 3741.
Extensive Modern Renovation: The home has been 'reimagined' with modern elegance, featuring a gourmet kitchen with Viking appliances and Taj Mahal quartzite, luxurious spa-style baths with Carrara marble, new dual-zoned HVAC, new roof, and new windows, indicating a comprehensive and high-quality upgrade.
Prime South of the Boulevard Location: Ideally situated South of the Boulevard, the property is surrounded by multi-million dollar estates and offers quick, convenient access to shops, restaurants, schools, and freeways, enhancing its desirability and value.
Luxurious Primary Suite: The lavish primary suite occupies the entire second floor, boasting two professionally designed walk-in closets, a spa-style bath with Carrara marble, dual vanities, soaking tub, separate shower, and a private treetop balcony with views.
Expansive & Resort-Style Outdoor Living: The expansive 17,217 sq. ft. professionally landscaped yard features palms, mature fruit trees, a grotto-like sparkling pool, and multiple patios and decks, creating an ideal setting for relaxation and entertaining.
Spacious & Functional Floor Plan: The 3,741 sq. ft. floor plan offers seamless indoor/outdoor living with multiple living areas, including a living room with a fireplace, built-in cabinets, wine refrigerator, and French doors opening to a new redwood deck, plus a versatile guest suite/office.

Cons

Significant Discrepancy in Estimated Value: The property's estimated value of $1.57M is 44% lower than the current listing price of $2.85M, suggesting a potential overvaluation that could impact buyer perception and financing.
Older Original Construction Year: Despite extensive renovations, the home was originally built in 1937. While upgraded, some buyers may prefer newer construction or have concerns about the underlying original structure and potential unforeseen issues.
Competitive Pricing Relative to Comparables: Several recently sold comparable properties in the area, some with similar or larger square footage and lot sizes, have closed at significantly lower prices (e.g., $2.25M - $2.66M), indicating the current asking price may be at the higher end of market expectations.

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