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3517 Scadlock Lane, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 3 bed, 3 bath

3517 Scadlock Lane, Sherman Oaks, California 91403 home-pic-0
ACTIVE$1,995,000
3517 Scadlock Lane, Sherman Oaks, California 91403
3Beds
3Baths
2,311Sqft
11,112Lot
Year Built
1958
Close
-
List price
$2M
Original List price
$2.25M
Price/Sqft
$863
HOA
-
Days on market
-
Sold On
-
MLS number
SR25023932
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
Spa
ViewCity Lights,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.00M(43th), sqft - 2311(39th), beds - 3(38th), baths - 3(50th).

Massive price correction. Now under $2M! Idyllic Hillside Home in Sherman Oaks. Nestled in the picturesque hills, south of the Boulevard and close to Mulholland Drive, this mid-century ranch-style gem offers the perfect blend of charm and modern living. Step into a spacious, open living room that features a stunning wrap-around fireplace, creating a warm and inviting atmosphere. The expansive sliding glass doors bathe the space in natural light and lead out to a lush backyard oasis. Enjoy breathtaking mountain views from your gated retreat, complete with a plunge pool-sized spa, perfect for relaxing or entertaining. The beautifully updated kitchen boasts timeless finishes and a generous island, making it ideal for gatherings or quiet mornings with a view of the greenery. This home exudes character, comfort, and style, all while being moments away from the best Sherman Oaks has to offer.

Condition Rating
Good
Built in 1958, this home features a beautifully updated kitchen with high-end Viking appliances, modern white cabinetry, marble-look countertops, and contemporary lighting, indicating a significant renovation within the last 5-15 years. The living areas boast well-maintained hardwood floors and recessed lighting. Bathrooms appear clean and functional, though perhaps not as extensively renovated as the kitchen. Overall, the property is move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
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 = 11112, living area = 2311.
Prime Hillside Location: Nestled in the picturesque hills, south of the Boulevard and close to Mulholland Drive, offering a desirable and convenient Sherman Oaks address.
Breathtaking Views: The property boasts breathtaking mountain views, complemented by city lights, enhancing its aesthetic appeal and value.
Updated Kitchen: Features a beautifully updated kitchen with timeless finishes and a generous island, ideal for modern living and entertaining.
Outdoor Oasis with Spa: Includes a lush backyard oasis with a plunge pool-sized spa, perfect for relaxation and entertaining in a private, gated setting.
Significant Price Correction: A massive price correction has brought the property under $2M from its original list price, presenting a more attractive value proposition to potential buyers.

Cons

Valuation Discrepancy: The current list price of $1.995M is significantly higher than the estimated property value of $1.452M, which may raise questions for buyers regarding market alignment.
Limited Pool Size: The outdoor amenity is described as a 'plunge pool-sized spa' rather than a full-sized swimming pool, which might not meet the expectations of all buyers in this price range and location.
Potential for Outdated Systems: Built in 1958, and while the kitchen is updated, the description does not specify updates to major systems like HVAC (cooling), which could be a consideration for a home of this age in a warm climate.

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