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5030 Newcastle Avenue, Encino, California 91316, Encino, 91316 - 5 bed, 3 bath

5030 Newcastle Avenue, Encino, California 91316 home-pic-0
ACTIVE$1,798,000
5030 Newcastle Avenue, Encino, California 91316
5Beds
3Baths
1,899Sqft
5,953Lot

Price Vs. Estimate

The estimated value ($1,099,072.76) is $698,927.24 (38%) lower than the list price ($1,798,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Nestled in the highly desirable Encino neighborhood south of Ventura Boulevard, offering excellent access to local amenities, dining, and shopping.
Top Cons:
Significant Price Discrepancy: The listing price of $1.798M is considerably higher than the estimated property value of $1.099M and recent comparable sales, suggesting potential overpricing in the current market.

Compared to the nearby listings

Price:$1.80M vs avg $1.47M (+$333,000)63%
Size:1,899 sqft vs avg 2,192 sqft43%
Price/sqft:$947 vs avg $74588%

More Insights

Built in 1948 (77 years old).
Condition: Despite being built in 1948, this property has undergone a beautiful and extensive recent remodel. The listing explicitly states 'beautifully remodeled,' 'new tile flooring throughout,' and features a 'Chef's kitchen' with quartz countertops, custom soft-close cabinets, and stainless steel appliances. Furthermore, it boasts modern eco-friendly amenities like solar panels, a Tesla charger, and a tankless water heater, along with smart home technology (security cameras, Nest thermostat, smart locks). These comprehensive updates bring the property to current quality standards with virtually new components, justifying an 'Excellent' condition score.
Year Built
1948
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$947
HOA
-
Days on market
-
Sold On
-
MLS number
25493609
Home ConditionExcellent
Features
Pool
Spa
Patio
View-

About this home

Nestled in the prime Encino neighborhood south of Ventura Boulevard, this beautifully remodeled single-story home offers 5 bedrooms and 3 bathrooms, including two primary suites designed for ultimate comfort and privacy. A secure gated entrance leads to a private front yard adorned with stylish hardscaping, flourishing fruit trees, and ample parking for multiple vehicles.The open-concept living area showcases new tile flooring that extends throughout the home, creating a seamless flow between spaces. Chef's kitchen featuring quartz countertops, custom soft-close cabinets, stainless steel appliances, and a built-in pantry.Step outside to your private oasis, complete with a heated pebble finished pool and spa perfect for relaxation and entertaining. The property is equipped with modern eco-friendly amenities, including solar panels, a Tesla charger, and a tankless water heater, ensuring energy efficiency and sustainability.Enjoy peace of mind with integrated security cameras, a Nest thermostat, and smart locks featuring facial recognition for enhanced security.This home offers unparalleled access to Encino's finest dining, shopping, and entertainment options, offering a lifestyle of comfort and convenience.

Condition Rating
Excellent
Despite being built in 1948, this property has undergone a beautiful and extensive recent remodel. The listing explicitly states 'beautifully remodeled,' 'new tile flooring throughout,' and features a 'Chef's kitchen' with quartz countertops, custom soft-close cabinets, and stainless steel appliances. Furthermore, it boasts modern eco-friendly amenities like solar panels, a Tesla charger, and a tankless water heater, along with smart home technology (security cameras, Nest thermostat, smart locks). These comprehensive updates bring the property to current quality standards with virtually new components, justifying an 'Excellent' condition score.
Pros & Cons

Pros

Prime Location: Nestled in the highly desirable Encino neighborhood south of Ventura Boulevard, offering excellent access to local amenities, dining, and shopping.
Extensive Modern Remodel: The home has been beautifully remodeled with an open-concept living area, new tile flooring throughout, and a chef's kitchen featuring quartz countertops, custom soft-close cabinets, and stainless steel appliances.
Resort-Style Outdoor Amenities: A private oasis awaits outside with a heated pebble finished pool and spa, perfect for relaxation and entertaining.
Advanced Eco-Friendly & Smart Home Technology: Equipped with modern eco-friendly features like solar panels, a Tesla charger, and a tankless water heater, alongside smart home security (cameras, smart locks with facial recognition) and a Nest thermostat.
Flexible Living Configuration: The property boasts 5 bedrooms and 3 bathrooms, including two primary suites, providing ample space and privacy for various living arrangements.

Cons

Significant Price Discrepancy: The listing price of $1.798M is considerably higher than the estimated property value of $1.099M and recent comparable sales, suggesting potential overpricing in the current market.
Older Original Construction: Despite extensive remodeling, the home's original build year of 1948 could raise concerns about underlying infrastructure or require more diligent inspections compared to newer constructions.
Absence of Views: The property description explicitly states 'view: None,' which may be a drawback for buyers seeking scenic vistas, a feature that can add significant value in prime Encino locations.

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