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3811 Algonaut Drive, Calabasas, California 91302, Calabasas, 91302 - 4 bed, 2 bath

3811 Algonaut Drive, Calabasas, California 91302 home-pic-0
ACTIVE$1,349,000
3811 Algonaut Drive, Calabasas, California 91302
4Beds
2Baths
2,004Sqft
12,983Lot
Year Built
1971
Close
-
List price
$1.35M
Original List price
$1.4M
Price/Sqft
$673
HOA
-
Days on market
-
Sold On
-
MLS number
BB25084959
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.35M(15th), sqft - 2004(11th), beds - 4(50th), baths - 2(11th).

$50,000 Price Improvement...Comparable Solds are $1,600,000 to $1,800,000...This is A Rare Find in Coveted Calabasas! Nestled in a cul-de-sac, you will discover this beautifully landscaped single-story home that provides the perfect blend of comfort and privacy. Situated on an expansive 13,000 sq. ft. lot, this 2,000 sq. ft. home features 4 spacious bedrooms and 2 well-appointed bathrooms. Step outside to your own private backyard oasis – the perfect spot for relaxation or entertaining. The lush greenery and thoughtful landscaping create a tranquil setting, with plenty of space to enjoy the outdoors. Inside, you'll find an open and inviting floor plan that maximizes space and natural light. The home’s charming features and attention to detail make it a true gem in this highly sought-after area. With its prime location, private yard, and spacious layout, this home is a must-see. Don’t miss the opportunity to make this stunning Calabasas Home yours.*****The list price is due to foundation settling that needs correction; estimates have been uploaded to the MLS*****LAST WEEK ON THE MARKET FOR SALE. FOR LEASE EFFECTIVE 6/15/25 FOR $6495.00.

Nearby schools

8/10
Chaparral Elementary School
Public,•K-5•0.3mi
7/10
Alice C. Stelle Middle School
Public,•6-8•0.4mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.9mi
8/10
Calabasas High School
Public,•9-12•0.4mi
Condition Rating
Poor
While the interior of the property appears to have undergone some cosmetic updates (newer flooring, paint, updated bathrooms, and some kitchen appliances), the critical factor is the explicitly stated 'foundation settling that needs correction.' This constitutes a significant defect affecting the structural integrity, placing the property firmly in the 'poor' category, as it requires substantial repairs and rehabilitation. The home was built in 1971, making it over 50 years old, and while some renovations are evident, the major structural issue overrides any cosmetic improvements for a condition assessment.
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 = 12983, living area = 2004.
Coveted Calabasas Location & Schools: Situated in a highly desirable Calabasas cul-de-sac within the award-winning Las Virgenes Unified School District, offering a prime residential setting.
Significant Investment Potential: The property is listed substantially below comparable sold properties ($1.6M-$1.8M), presenting a unique opportunity for significant value appreciation post-repair.
Generous & Private Outdoor Space: Features an expansive 13,000 sq. ft. lot with a beautifully landscaped, private backyard oasis, ideal for relaxation and entertaining.
Desirable Single-Story Layout: A comfortable single-story home with an open and inviting floor plan that maximizes space and natural light, appealing to a broad range of buyers.
Recent Price Improvement: A recent $50,000 price reduction enhances the property's attractiveness and signals seller motivation, potentially offering a better deal.

Cons

Major Foundation Issue: The property has foundation settling that needs correction, a significant structural repair that will incur substantial costs and project management for the buyer.
Age of Property & Potential Updates: Built in 1971, the home is over 50 years old, suggesting potential for dated systems, finishes, and deferred maintenance beyond the critical foundation repair.
Urgency/Lease Contingency: The listing indicates 'LAST WEEK ON THE MARKET FOR SALE' before transitioning to a lease effective 6/15/25, implying a motivated seller or potential challenges in securing a buyer willing to undertake the necessary repairs.

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