3715 Terrace View Drive, Encino, California 91436, Encino, 91436 - 5 bed, 4 bath
ACTIVE$2,199,000$3,103/sqft
Est. Value: $1,941,289
-11%
AboveEstimate
3715 Terrace View Drive, Encino, California 91436
5Beds
4Baths
3,103Sqft
13,270Lot
Price Vs. Estimate
The estimated value ($1,941,288.775) is $257,711.225 (11%) lower than the list price ($2,199,000). 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 = 13270, living area = 3103.
Top Cons:
Dated Construction & Systems: Built in 1962, the property likely features original or older systems and finishes, suggesting a need for significant capital investment in modernization.
Compared to the nearby listings
Price:$2.20M vs avg $2.36M ($-161,000)46%
Size:3,103 sqft vs avg 3,386 sqft43%
Price/sqft:$709 vs avg $73842%
More Insights
Built in 1962 (64 years old).
Condition: Built in 1962, this property is 62 years old. The listing description explicitly states 'dated construction & systems' and 'requires extensive renovation,' indicating a need for substantial repairs and modernization throughout. While the exterior image doesn't show major structural defects, the lack of interior photos combined with the description's emphasis on 'potential' and 'significant capital investment' strongly suggests that major components, including the kitchen and bathrooms, are outdated and require significant rehabilitation to meet modern standards. This aligns with the 'Poor' condition criteria.
Year Built
1962
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$709
HOA
-
Days on market
-
Sold On
-
MLS number
26634383
Home ConditionPoor
Features
Good View: None
View-
About this home
Grate Opportunity in Prime Encino. Charming and full of potential, ENTRY LEADS TO GORGEOUS 1 STORY ENCINO HILLS CONTEMPORARY IN PRIME LOCATION,NEAR MULHOLLAND WITH EASY WESTSIDE ACCESS. VALLEY LIGHT VIEWS FROM LIVING RM & KITCHEN
S
Shokoh Nasab
Listing Agent
Nearby schools
8/10
Lanai Road Elementary School
Public,•K-5•0.9mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.4mi
9/10
Kester Avenue Elementary School
Public,•K-5•3.2mi
6/10
Newcastle Elementary School
Public,•K-5•3.8mi
5/10
Lemay Street Elementary School
Public,•K-5•3.9mi
6/10
Lemay Street Elementary School
Public,•K-5•3.9mi
5/10
Brentwood Science School
Public,•K-5•6.2mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.1mi
2/10
Van Nuys Middle School
Public,•6-8•3.5mi
5/10
William Mulholland Middle School
Public,•6-8•3.6mi
3/10
William Mulholland Middle School
Public,•6-8•3.9mi
4/10
Reseda Senior High School
Public,•9-12•4.0mi
6/10
Van Nuys Senior High School
Public,•9-12•4.4mi
6/10
University Senior High School
Public,•9-12•6.8mi
6/10
University Senior High School Charter
Public,•9-12•6.8mi
Price History
Date
Event
Price
10/28/94
Sold
$535,000
08/01/05
Sold
$1,240,000
Condition Rating
Poor
Built in 1962, this property is 62 years old. The listing description explicitly states 'dated construction & systems' and 'requires extensive renovation,' indicating a need for substantial repairs and modernization throughout. While the exterior image doesn't show major structural defects, the lack of interior photos combined with the description's emphasis on 'potential' and 'significant capital investment' strongly suggests that major components, including the kitchen and bathrooms, are outdated and require significant rehabilitation to meet modern standards. This aligns with the 'Poor' condition criteria.
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 = 13270, living area = 3103.
Great Schools: Elementary School: Roscomare Road Elementary School (9/10).
Prime Encino Hills Location: Situated in a highly desirable Encino Hills neighborhood, offering excellent access to the Westside and Mulholland Drive.
Captivating Valley Views: Features 'VALLEY LIGHT VIEWS FROM LIVING RM & KITCHEN,' providing an attractive backdrop and enhancing the property's appeal.
Spacious Single-Story Layout: A generous 3103 sqft single-story contemporary residence, offering comfortable living and ease of access throughout.
Large Private Lot: Sits on a substantial 13270 sqft lot, providing ample outdoor space for landscaping, recreation, or potential expansion.
High-Rated Elementary School Access: Located within close proximity (0.87 miles) to Lanai Road Elementary School, rated 8/10, a significant draw for families.
Cons
Dated Construction & Systems: Built in 1962, the property likely features original or older systems and finishes, suggesting a need for significant capital investment in modernization.
Requires Extensive Renovation: Described as 'charming and full of potential,' indicating that the property is not updated to contemporary standards and will require substantial renovation to meet modern buyer expectations.
Potential for High Renovation Costs: The implied need for extensive updates could lead to considerable renovation costs, which may deter buyers looking for a move-in ready home.