5258 Lemona Avenue, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 4 bed, 5 bath

5258 Lemona Avenue, Sherman Oaks, California 91411 home-pic-0
ACTIVE$2,695,000
5258 Lemona Avenue, Sherman Oaks, California 91411
4Beds
5Baths
3,873Sqft
8,644Lot

Price Vs. Estimate

The estimated value ($2,695,000) is $0 (0%) lower than the list price ($2,695,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2024, this newly constructed modern farmhouse boasts a tasteful design and an open-concept floorplan, appealing to buyers seeking contemporary aesthetics and functionality.
Top Cons:
Significant Price Adjustment: The substantial reduction from the original list price of $3,395,000 to $2,695,000 suggests an initial overvaluation or challenges in market reception, which may raise questions for prospective buyers.

Compared to the nearby listings

Price:$2.69M vs avg $1.15M (+$1,545,000)97%
Size:3,873 sqft vs avg 1,474 sqft94%
Price/sqft:$696 vs avg $73143%

More Insights

Built in 2024 (1 years old).
Condition: This property is a newly constructed modern farmhouse, built in 2024. The description highlights a gourmet kitchen with top-of-the-line custom white oak panel appliances, porcelain counters, and a wine bar. Bathrooms are described as 'spa-like' with Taj Mahal porcelain and custom oak vanities. Engineered wide plank floors run throughout the home, and all systems are brand new, meeting the highest current quality standards with no deferred maintenance.
Year Built
2024
Close
-
List price
$2.69M
Original List price
$3.4M
Price/Sqft
$696
HOA
-
Days on market
-
Sold On
-
MLS number
SR24198893
Home ConditionExcellent
Features
Pool
Spa
Patio
ViewNeighborhood

About this home

Nestled within a beautiful pocket of Sherman Oaks sits a tastefully designed newly constructed modern farmhouse. Boasting 4 bedrooms, 4.5 bathrooms, and 3873 square feet of living space on a 8,644 square foot lot. Step inside and be captivated by the light and bright atmosphere that defines this home. The thoughtfully designed open-concept floorplan features a gourmet kitchen perfect for culinary enthusiasts, complete with top-of-the-line custom matching white oak panel appliances, porcelain counters, custom white oak cabinetry, glass tower counter cabinets and a wine bar nook with standing wine fridge. Your kitchen overlooks the expansive living and dining area with a gorgeous expansive fireplace with wall to wall custom shelving, and open sliding glass doors overlooking the lush backyard, bbq area, pool & spa. Engineered wide plank floors run throughout home, The primary suite is a sanctuary of relaxation, offering high ceilings, a spa-like ensuite bathroom, Taj Mahal porcelain counters, custom oak dual vanity and two large walk in closets. The additional three bedrooms are generously sized and exude comfort and style, while all boasting high ceilings and being en suite. The property also features an upstairs den area, perfect for an office, relaxing or your morning coffee. The idyllic backyard, reminiscent of a resort, is perfect for embracing the California lifestyle. Relax by the pool and spa, enjoy meals prepared on the built-in barbecue, and host outdoor gatherings on the patio for al-fresco dining and entertaining.

Condition Rating
Excellent

This property is a newly constructed modern farmhouse, built in 2024. The description highlights a gourmet kitchen with top-of-the-line custom white oak panel appliances, porcelain counters, and a wine bar. Bathrooms are described as 'spa-like' with Taj Mahal porcelain and custom oak vanities. Engineered wide plank floors run throughout the home, and all systems are brand new, meeting the highest current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2024, this newly constructed modern farmhouse boasts a tasteful design and an open-concept floorplan, appealing to buyers seeking contemporary aesthetics and functionality.
Gourmet Kitchen & High-End Finishes: The property features a gourmet kitchen equipped with top-of-the-line custom white oak panel appliances, porcelain counters, and a wine bar nook, complemented by engineered wide plank floors and Taj Mahal porcelain in the primary bath.
Resort-Style Backyard Oasis: The idyllic backyard is designed for the California lifestyle, offering a private resort-like experience with a pool, spa, built-in barbecue, and a patio perfect for al-fresco dining and entertaining.
Spacious & Well-Appointed Interiors: With 3873 sqft, 4 bedrooms, 4.5 bathrooms, high ceilings throughout, en-suite additional bedrooms, and a dedicated upstairs den, the home provides ample and luxurious living space.
Desirable Sherman Oaks Location: Nestled within a beautiful pocket of Sherman Oaks, the property benefits from a sought-after address in a vibrant and established Los Angeles neighborhood.

Cons

Significant Price Adjustment: The substantial reduction from the original list price of $3,395,000 to $2,695,000 suggests an initial overvaluation or challenges in market reception, which may raise questions for prospective buyers.
Extended Market Time for New Construction: Being on the market for over seven months (since October 2024) for a newly built home can indicate a lack of immediate buyer interest or perceived issues, potentially requiring further investigation.
Higher Price Point Relative to Comps: Despite its larger size, the current list price of $2,695,000 is notably higher than recent comparable new construction sales in the immediate vicinity, which could present a perceived value challenge for potential buyers.

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