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548 Knollwood Drive, Newbury Park, California 91320, Newbury Park, 91320 - 4 bed, 4 bath

548 Knollwood Drive, Newbury Park, California 91320 home-pic-0
ACTIVE$1,359,000
548 Knollwood Drive, Newbury Park, California 91320
4Beds
4Baths
3,058Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($1,414,651.355) is $55,651.355 (4%) higher than the list price ($1,359,000). This property may be underpriced.

Key pros and cons

Top Pros:
Luxurious Outdoor Living: The property boasts a private backyard oasis featuring a sparkling pool, relaxing spa, and lush landscaping with a waterfall, ideal for year-round entertaining and tranquility.
Top Cons:
Ongoing Association Fees: The property is subject to a monthly association fee of $144, which adds to the recurring cost of homeownership.

Compared to the nearby listings

Price:$1.36M vs avg $1.11M (+$244,000)73%
Size:3,058 sqft vs avg 2,058 sqft83%
Price/sqft:$444 vs avg $53711%

More Insights

Built in 1999 (26 years old).
Condition: Built in 1999, this property is 25 years old. While well-maintained and featuring desirable amenities like a pool and spa, the interior finishes, particularly in the kitchen and bathrooms, show signs of being outdated. The kitchen has light wood cabinetry and granite countertops, and the primary bathroom features similar cabinetry and a specific tile pattern, consistent with its build era rather than recent extensive renovations. These areas are functional and clean but would likely require updates to meet current aesthetic preferences.
Year Built
1999
Close
-
List price
$1.36M
Original List price
$1.5M
Price/Sqft
$444
HOA
$144
Days on market
-
Sold On
-
MLS number
V1-32855
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to this beautifully appointed 4-bedroom, 3.5-bathroom single-family home located in the heart of Newbury Park. Step through the front doors into a dramatic double-height foyer that flows seamlessly into a light-filled, open-concept living and dining area, perfect for both everyday living and sophisticated entertaining. Custom tile flooring and a grand chandelier set the tone for refined elegance. The formal living room features a cozy fireplace, while the expansive dining area, highlighted by a centered chandelier, provides ample space for memorable gatherings. The chef's kitchen is a dream, featuring abundant counter space and cabinetry, a center island, recessed lighting, built-in oven, microwave, and dishwasher. Adjacent to the kitchen, the inviting eat-in area perfect for your morning coffee. The warm and welcoming family room is complete with a stunning stone fireplace and lots of natural light. Also on the main level is a versatile bonus room, ideal as a home theater with surround system, home office, or game room, offering flexibility to suit your lifestyle. Upstairs, the plush, carpeted staircase is accented with custom wrought iron railings, guiding you to a spacious primary suite filled with natural light. Enjoy recessed lighting, a generous walk-in closet, and a luxurious ensuite bath featuring dual vanities, a large soaking tub, and a walk-in shower. Three additional well-sized bedrooms and a convenient upstairs laundry room complete the upper floor. Step outside to your private backyard oasis, perfect for year-round entertaining. Enjoy a sparkling pool, relaxing spa, and lush landscaping with waterfall that offers beauty and tranquility in equal measure. Conveniently located near shopping centers, scenic hiking trails, parks, top-rated schools, and more, this home combines comfort, style, and an unbeatable location.

Condition Rating
Fair
Built in 1999, this property is 25 years old. While well-maintained and featuring desirable amenities like a pool and spa, the interior finishes, particularly in the kitchen and bathrooms, show signs of being outdated. The kitchen has light wood cabinetry and granite countertops, and the primary bathroom features similar cabinetry and a specific tile pattern, consistent with its build era rather than recent extensive renovations. These areas are functional and clean but would likely require updates to meet current aesthetic preferences.
Pros & Cons

Pros

Luxurious Outdoor Living: The property boasts a private backyard oasis featuring a sparkling pool, relaxing spa, and lush landscaping with a waterfall, ideal for year-round entertaining and tranquility.
Spacious & Well-Appointed Interior: The home offers a dramatic double-height foyer, light-filled open-concept living and dining areas, custom tile flooring, and elegant chandeliers, creating a refined and spacious atmosphere.
Gourmet Chef's Kitchen: A dream chef's kitchen provides abundant counter space, cabinetry, a center island, recessed lighting, and built-in appliances, complemented by an inviting eat-in area.
Versatile Bonus Room: A flexible bonus room, pre-wired for a surround sound system, offers adaptability as a home theater, office, or game room, catering to diverse lifestyle needs.
Prime Location & Mountain Views: Conveniently located near shopping, hiking trails, parks, and top-rated schools, the property also benefits from desirable mountain views, enhancing its overall appeal and lifestyle.

Cons

Ongoing Association Fees: The property is subject to a monthly association fee of $144, which adds to the recurring cost of homeownership.
Potential for Dated Interior Elements: While well-appointed, the 1999 build year and mention of a 'plush, carpeted staircase' suggest some interior finishes may not align with all modern aesthetic preferences, potentially requiring future updates.
Significant Price Reduction History: The property has undergone multiple price reductions from its original listing price, which could indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.

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