20500 Paradise Lane, Topanga, California 90290, Topanga, 90290 - 4 bed, 3 bath

20500 Paradise Lane, Topanga, California 90290 home-pic-0
ACTIVE UNDER CONTRACT$1,999,000
20500 Paradise Lane, Topanga, California 90290
4Beds
3Baths
3,441Sqft
20,470Lot

Price Vs. Estimate

The estimated value ($1,999,000) is $0 (0%) lower than the list price ($1,999,000). 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 = 20470, living area = 3441.
Top Cons:
Age of Property: Built in 1973, the property may have original systems (e.g., plumbing, electrical) that could require future updates or maintenance beyond the mentioned kitchen renovation.

Compared to the nearby listings

Price:$2.00M vs avg $1.55M (+$449,000)63%
Size:3,441 sqft vs avg 1,853.5 sqft83%
Price/sqft:$581 vs avg $74833%

More Insights

Built in 1973 (52 years old).
Condition: The property, built in 1973, has undergone significant and stylish renovations, particularly evident in the kitchen and bathrooms. The kitchen features custom cabinetry, modern lighting, and professional-grade appliances, presenting a contemporary and well-appointed space. The main bathroom showcases a unique, updated stone-tiled shower with modern fixtures. Throughout the home, there's a harmonious blend of rustic charm and modern comforts, with updated flooring (hardwood, terracotta, carpet), paint, and light fixtures. While these visible updates are extensive and make the property move-in ready, the underlying structure's age (1973) and the reliance on mini-split and window AC units rather than central air suggest that not all major systems may have been fully replaced or updated to 'excellent' standards. Therefore, it fits the 'Good' category, indicating a well-maintained home with significant recent updates, but with potential for older underlying systems.
Year Built
1973
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$581
HOA
-
Days on market
-
Sold On
-
MLS number
25556637
Home ConditionGood
Features
Good View: Mountain(s)
Deck
Pool
Spa
Patio
ViewMountain(s)

About this home

Nestled in the heart of Topanga, this enchanting treehouse-style Traditional home offers a serene and whimsical retreat in the heart of one of Los Angeles' most inspiring enclaves. Step inside and find a harmonious blend of rustic charm and modern comforts, with unique finishes and handcrafted details that infuse every room with character. Perfect for a creative soul looking for a separate studio, home office, or guest house, or a Buyer looking for an investment opportunity to rent the primary residence and/or well-appointed guest house, this provides various options for living in this idyllic community. With soaring vaulted ceilings and stunning architectural elements throughout, the home boasts an airy, open atmosphere that perfectly complements the lush natural surroundings. Expansive windows fill the home with an abundance of natural light and provide breathtaking views of towering trees, vibrant grounds, and mature fruit trees that encapsulate the property. The open living spaces flow seamlessly - ideal for both cozy family gatherings and entertaining on all scales. Relax and unwind in the living room, complete with a dramatic stone fireplace and French doors that open to a balcony. A large dining room features a charming seating area/den, and walls of glass that open to an expansive rear deck that leads seamlessly into the gardens below. The kitchen is well-appointed and offers custom cabinetry and professional-grade appliances - ideal for an intimate dinner or hosting events on all scales. 3 bedrooms complete the main residence, while the lower-level guest house comes with its own kitchen, open living and dining area, bedroom, and additional space currently utilized as a gym. The exterior grounds make this property a true oasis complete with an expansive turf lawn that features various sitting and entertaining areas in the shade of mature oak trees. Lose yourself in the serene walking paths and various "moments" that feature a multitude of locations to take in this coveted natural ambiance. A variety of terraces provide space to relax and unwind and enjoy various luxuries that include a hot tub, swim spa, and firepit. This tranquil setting offers the perfect balance of privacy and connection to nature with walkable access to charming local spots for breakfast and brunch, and two beautiful hiking trails just minutes away. All this, just moments from the vibrant energy of Topanga Canyon.

Price History

Date
Event
Price
01/04/21
Sold
$1,525,000
Condition Rating
Good

The property, built in 1973, has undergone significant and stylish renovations, particularly evident in the kitchen and bathrooms. The kitchen features custom cabinetry, modern lighting, and professional-grade appliances, presenting a contemporary and well-appointed space. The main bathroom showcases a unique, updated stone-tiled shower with modern fixtures. Throughout the home, there's a harmonious blend of rustic charm and modern comforts, with updated flooring (hardwood, terracotta, carpet), paint, and light fixtures. While these visible updates are extensive and make the property move-in ready, the underlying structure's age (1973) and the reliance on mini-split and window AC units rather than central air suggest that not all major systems may have been fully replaced or updated to 'excellent' standards. Therefore, it fits the 'Good' category, indicating a well-maintained home with significant recent updates, but with potential for older underlying systems.
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 = 20470, living area = 3441.
Unique Architectural Style: An enchanting treehouse-style Traditional home with soaring vaulted ceilings and stunning architectural elements, offering a serene and whimsical retreat.
Versatile Living & Income Potential: Features a separate lower-level guest house with its own kitchen and living areas, ideal for a studio, home office, or investment rental opportunity.
Exceptional Outdoor Living & Amenities: Extensive exterior grounds include an expansive turf lawn, serene walking paths, multiple sitting areas, a hot tub, swim spa, and firepit.
Strong Connection to Nature: Expansive windows provide breathtaking views of towering trees and vibrant grounds, offering a tranquil setting with privacy and natural ambiance.
Desirable Topanga Location: Nestled in the heart of Topanga with walkable access to local spots and two beautiful hiking trails, balancing seclusion with community access.

Cons

Age of Property: Built in 1973, the property may have original systems (e.g., plumbing, electrical) that could require future updates or maintenance beyond the mentioned kitchen renovation.
Lack of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant comfort consideration during warmer months in Southern California.
Specific Maintenance Considerations: A 'treehouse-style' home integrated with lush natural surroundings in a canyon area may entail unique maintenance challenges, such as pest control, tree management, and potential fire-hardening requirements.

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