5400 Newcastle, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
ACTIVE$399,000$903/sqft
Est. Value: $397,103
%
FairlyEstimate
5400 Newcastle, Encino, California 91316
2Beds
2Baths
903Sqft
60,966Lot
Price Vs. Estimate
The estimated value ($397,102.765) is $1,897.235 (0%) lower than the list price ($399,000). 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 = 60966, living area = 903.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 903, other record living area = 723. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Compared to the nearby listings
Price:$399.0K vs avg $1.35M ($-956,000)1%
Size:903 sqft vs avg 1,834 sqft10%
Price/sqft:$442 vs avg $7624%
More Insights
Built in 1967 (59 years old).
Condition: The unit features an entirely new interior, including a fully remodeled kitchen with new shaker cabinets, quartz countertops, and a stylish tile backsplash, along with new stainless steel appliances. The bathroom has also been completely refreshed with a new vanity, modern fixtures, and tile shower walls. New laminate plank flooring, fresh paint, and contemporary light fixtures throughout the unit contribute to a virtually new and move-in ready condition, meeting current quality standards despite the building's 1967 construction year.
Year Built
1967
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$442
HOA
$650
Days on market
-
Sold On
-
MLS number
SR25273123
Home ConditionExcellent
Features
Deck
View-
About this home
The unit features an entirely new interior, including fresh paint, laminate plank hardwood flooring, and a fully remodeled kitchen. The kitchen updates include new shaker cabinets, quartz countertops, and a tile backsplash. The bathroom has also been refreshed with a new vanity, tile shower walls, fixtures, and lighting. The condo is a nice size and includes a sliding door leading out to a private balcony.
J
Jeff Brandolino
Listing Agent
Price History
Date
Event
Price
05/13/22
Sold
$405,000
04/12/19
Sold
$293,500
02/23/12
Sold
$118,500
Condition Rating
Excellent
The unit features an entirely new interior, including a fully remodeled kitchen with new shaker cabinets, quartz countertops, and a stylish tile backsplash, along with new stainless steel appliances. The bathroom has also been completely refreshed with a new vanity, modern fixtures, and tile shower walls. New laminate plank flooring, fresh paint, and contemporary light fixtures throughout the unit contribute to a virtually new and move-in ready condition, meeting current quality standards despite the building's 1967 construction year.
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 = 60966, living area = 903.
Extensively Remodeled Interior: The unit features an entirely new interior, including fresh paint, laminate plank hardwood flooring, a fully remodeled kitchen with new shaker cabinets, quartz countertops, and a tile backsplash, plus a refreshed bathroom with a new vanity, tile shower walls, fixtures, and lighting, offering a move-in ready experience.
Private Balcony: The condo includes a sliding door leading out to a private balcony, providing valuable outdoor living space.
Desirable Encino Location: Located in Encino, a well-regarded and sought-after area in California, contributing to its appeal and potential for appreciation.
Functional 2 Bed/2 Bath Layout: With 2 bedrooms and 2 bathrooms, the unit offers a versatile and highly appealing configuration for various buyer types, including singles, couples, or small families.
Competitive Pricing: The current list price of $399,000 is slightly below its last sold price of $405,000 in May 2022, potentially offering a good value proposition in the current market.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 903, other record living area = 723. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
High Monthly Association Fee: The $650.0 monthly association fee is substantial and represents a significant ongoing cost for potential buyers, which could impact affordability and overall investment.
Lack of Views: The property explicitly states 'view:None', which may be a drawback for buyers prioritizing scenic outlooks or natural light.
Older Building Infrastructure: While the unit's interior is new, the building was constructed in 1967, suggesting potential for older common area infrastructure, which could lead to future maintenance concerns or special assessments.