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5220 Melvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 4 bath

5220 Melvin Avenue, Tarzana, California 91356 home-pic-0
ACTIVE$1,995,000$3,974/sqft
Est. Value: $2,286,918
14%
BelowEstimate
5220 Melvin Avenue, Tarzana, California 91356
5Beds
4Baths
3,974Sqft
19,807Lot

Price Vs. Estimate

The estimated value ($2,286,918.11) is $291,918.11 (14%) higher than the list price ($1,995,000). This property may be underpriced.

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 = 19807, living area = 3974.
Top Cons:
Age of Property: Built in 1956, while described as updated, the underlying infrastructure may be older, potentially requiring future maintenance or upgrades not explicitly detailed.

Compared to the nearby listings

Price:$2.00M vs avg $1.80M (+$197,000)64%
Size:3,974 sqft vs avg 2,997.5 sqft79%
Price/sqft:$502 vs avg $64813%

More Insights

Built in 1956 (70 years old).
Condition: Despite being built in 1956, this property has undergone extensive, high-quality renovations, evident from the images and description. The kitchen features modern white cabinetry, top-of-the-line stainless steel appliances, and generous countertops. The primary bathroom is spa-inspired with a rainfall shower, Jacuzzi tub, dual vanity, and contemporary finishes. Throughout the home, elegant white oak hardwood flooring, recessed lighting, and modern fixtures are present. The overall condition, style, and features meet current quality standards with no visible deferred maintenance, indicating a recent and comprehensive renovation.
Year Built
1956
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
26638789
Home ConditionExcellent
Features
Good View: Trees/Woods
Deck
Pool
Spa
Patio
ViewTrees/Woods

About this home

Nestled on a nearly half-acre lot on a tranquil, tree-lined street, this exquisite storybook home masterfully blends timeless charm with contemporary elegance. The property captivates with exceptional curb appeal with a graceful half-circle driveway, lush landscaping, and a remarkably large grassy lawn. Step inside to the home with five spacious bedrooms, four bathrooms, and discover the grand living room highlighted by elegant white oak hardwood flooring and three stunning French doors that bathe the space in natural light while seamlessly connecting to the outdoors. The expansive dining room, adorned with a cozy nook and striking fireplace, sets the stage for unforgettable gatherings. The chef's kitchen is a masterpiece, boasting abundant cabinetry, generous countertops, a charming breakfast nook, and top-of-the-line stainless steel appliances. The primary suite is a serene retreat, complete with soaring vaulted ceilings, a private balcony, a spacious walk-in closet with custom cabinetry, and a spa-inspired en suite bathroom featuring a rainfall shower, luxurious Jacuzzi tub, and dual vanity. The backyard is a true haven, showcasing a sparkling oversized pool, a cascading waterfall Jacuzzi, an inviting cabana, and a fully equipped outdoor kitchen with a grill and sink ideal for al fresco dining and entertaining. The sprawling lawn offers endless possibilities for recreation and leisure. Perfectly situated near vibrant dining, premier shopping, and amenities such as The Village, Cedars-Sinai, Whole Foods, and Equinox, with easy access to the 101 Freeway, this home offers an unparalleled blend of tranquility, luxury, and convenience. Prepare to fall in love with this enchanting residence.

J
Jason Oppenheim
Listing Agent

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•1.0mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.3mi
6/10
Newcastle Elementary School
Public,•K-5•2.5mi
8/10
Lanai Road Elementary School
Public,•K-5•4.0mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.0mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.5mi
5/10
William Mulholland Middle School
Public,•6-8•3.6mi
3/10
William Mulholland Middle School
Public,•6-8•3.6mi
4/10
Reseda Senior High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
08/11/98
Sold
$505,000
06/03/22
Sold
$2,200,000
03/27/07
Sold
$1,500,000
09/09/05
Sold
$1,350,000
04/25/03
Sold
$1,025,000
Condition Rating
Excellent
Despite being built in 1956, this property has undergone extensive, high-quality renovations, evident from the images and description. The kitchen features modern white cabinetry, top-of-the-line stainless steel appliances, and generous countertops. The primary bathroom is spa-inspired with a rainfall shower, Jacuzzi tub, dual vanity, and contemporary finishes. Throughout the home, elegant white oak hardwood flooring, recessed lighting, and modern fixtures are present. The overall condition, style, and features meet current quality standards with no visible deferred maintenance, indicating a recent and comprehensive renovation.
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 = 19807, living area = 3974.
Exceptional Outdoor Oasis: The backyard is a true haven, featuring an oversized pool, cascading waterfall Jacuzzi, inviting cabana, and a fully equipped outdoor kitchen, ideal for al fresco dining and entertaining.
Luxurious Primary Suite: The primary suite offers a serene retreat with soaring vaulted ceilings, a private balcony, a spacious walk-in closet with custom cabinetry, and a spa-inspired en suite bathroom.
Gourmet Chef's Kitchen: The chef's kitchen is a masterpiece, boasting abundant cabinetry, generous countertops, a charming breakfast nook, and top-of-the-line stainless steel appliances.
Prime Location & Curb Appeal: Nestled on a nearly half-acre lot on a tranquil, tree-lined street with exceptional curb appeal, lush landscaping, and convenient access to vibrant dining, shopping, and the 101 Freeway.
Elegant & Spacious Interiors: The home features a grand living room with elegant white oak hardwood flooring and French doors, an expansive dining room with a fireplace, and five spacious bedrooms, blending timeless charm with contemporary elegance.

Cons

Age of Property: Built in 1956, while described as updated, the underlying infrastructure may be older, potentially requiring future maintenance or upgrades not explicitly detailed.
Lack of Mentioned Cooling System: The property description does not specify the presence of an air conditioning or cooling system, which could be a significant consideration in Tarzana's climate.
Mixed School Ratings: While several schools are nearby, some elementary and middle schools have average ratings (3-5), which might not appeal to all buyers prioritizing highly-rated public schools.
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