4516 Del Moreno Drive, Woodland Hills, California 91364, Woodland Hills, 91364 - 5 bed, 4 bath
ACTIVE UNDER CONTRACT$3,050,000
4516 Del Moreno Drive, Woodland Hills, California 91364
5Beds
4Baths
3,708Sqft
17,272Lot
Price Vs. Estimate
The estimated value ($1,755,414.9) is $1,294,585.1 (42%) lower than the list price ($3,050,000). 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 = 17272, living area = 3708.
Top Cons:
Significant Price Discrepancy: The current list price of $3.05M is substantially higher than the estimated value of $1.75M, which could indicate a potential overvaluation or a disconnect with automated valuation models, potentially impacting buyer perception or financing.
Compared to the nearby listings
Price:$3.05M vs avg $1.35M (+$1,700,000)94%
Size:3,708 sqft vs avg 2,303 sqft85%
Price/sqft:$823 vs avg $62693%
More Insights
Built in 1958 (67 years old).
Condition: Despite being built in 1958, the property is described as a 'nearly new home' and the images confirm a very recent, extensive, and high-quality renovation. The gourmet kitchen features modern white cabinetry, high-end stainless steel appliances, and stylish lighting. The 'spa-like' primary bathroom boasts a freestanding tub, large walk-in shower, and modern dual vanities with large format tiling. Throughout the home, there's consistent light wood flooring, recessed lighting, and contemporary finishes. The outdoor area is also newly designed with a pool, spa, fire pit, and outdoor kitchen. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1958
Close
-
List price
$3.05M
Original List price
$3.5M
Price/Sqft
$823
HOA
-
Days on market
-
Sold On
-
MLS number
24438155
Home ConditionExcellent
Features
Good View:
Pool
Spa
Patio
View
About this home
Welcome to 4516 Del Moreno, a stunning single story luxury residence, offering a perfect blend of elegance, comfort, and modern living. Located in the prestigious Vista de Oro neighborhood, this nearly new home features an open floor plan with 10-foot ceilings, filling the space with natural light. The gourmet kitchen, equipped with a large walk-in pantry, opens to the dining and living areas, making it ideal for entertaining. Enjoy seamless indoor-outdoor living with nearly 400 sq. ft. of covered terrace space, leading to a resort-style backyard complete with a pool, spa, fire pit, and outdoor kitchen. The home provides ultimate privacy with split bedroom wings. The east wing includes 2 bedrooms and a junior suite, while the luxurious primary suite in the west wing boasts a spa-like bathroom and a spacious walk-in closet. A separate en-suite room can be used as a fifth bedroom or office. Conveniently located south of the Boulevard, this home is just minutes from freeways, dining, and shopping, nestled in the tranquil foothills between Encino, Tarzana, and Calabasas. Don't miss the opportunity to own this stunning home!
Nearby schools
8/10
Chaparral Elementary School
Public,•K-5•2.4mi
3/10
Hart Street Elementary School
Public,•K-5•3.1mi
6/10
Bay Laurel Elementary School
Public,•K-5•4.3mi
8/10
Round Meadow Elementary School
Public,•K-5•5.0mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.3mi
7/10
Alice C. Stelle Middle School
Public,•6-8•2.2mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.3mi
3/10
Christopher Columbus Middle School
Public,•6-8•4.5mi
7/10
Arthur E. Wright Middle School
Public,•6-8•7.2mi
8/10
Calabasas High School
Public,•9-12•2.8mi
4/10
Canoga Park Senior High School
Public,•9-12•3.3mi
4/10
Reseda Senior High School
Public,•9-12•3.7mi
Condition Rating
Excellent
Despite being built in 1958, the property is described as a 'nearly new home' and the images confirm a very recent, extensive, and high-quality renovation. The gourmet kitchen features modern white cabinetry, high-end stainless steel appliances, and stylish lighting. The 'spa-like' primary bathroom boasts a freestanding tub, large walk-in shower, and modern dual vanities with large format tiling. Throughout the home, there's consistent light wood flooring, recessed lighting, and contemporary finishes. The outdoor area is also newly designed with a pool, spa, fire pit, and outdoor kitchen. 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 = 17272, living area = 3708.
Extensive Renovation & Modern Design: Described as a 'nearly new home' with an 'open floor plan,' '10-foot ceilings,' and 'natural light,' indicating a comprehensive, high-quality renovation that offers contemporary living despite its original build year.
Resort-Style Outdoor Living: The property boasts a 'resort-style backyard' complete with a pool, spa, fire pit, and outdoor kitchen, complemented by nearly 400 sq. ft. of covered terrace space, ideal for entertaining and relaxation.
Gourmet Kitchen: Features a 'gourmet kitchen, equipped with a large walk-in pantry,' which opens to the dining and living areas, providing a highly functional and aesthetically pleasing central hub for the home.
Flexible & Private Layout: Offers 'ultimate privacy with split bedroom wings' and includes a 'separate en-suite room' that can serve as a fifth bedroom or office, catering to diverse family needs and lifestyles.
Prime Location: Located in the 'prestigious Vista de Oro neighborhood,' 'south of the Boulevard,' and 'minutes from freeways, dining, and shopping,' nestled in the 'tranquil foothills,' offering both exclusivity and convenience.
Cons
Significant Price Discrepancy: The current list price of $3.05M is substantially higher than the estimated value of $1.75M, which could indicate a potential overvaluation or a disconnect with automated valuation models, potentially impacting buyer perception or financing.
Extended Market Time & Price Adjustments: The property has been on the market since September 2024 and has undergone a significant price reduction from its original list price of $3.5M, suggesting challenges in attracting buyers at its initial price point and a longer-than-average market duration.
Original Construction Age: Despite being described as 'nearly new,' the original build year of 1958 might raise questions for some buyers regarding the age and condition of underlying systems (e.g., plumbing, electrical, foundation) that may not have been fully replaced during renovations.