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5514 Salerno Drive, Westlake Village, California 91362, Westlake Village, 91362 - 2 bed, 3 bath

5514 Salerno Drive, Westlake Village, California 91362 home-pic-0
ACTIVE UNDER CONTRACT$898,000
5514 Salerno Drive, Westlake Village, California 91362
2Beds
3Baths
1,502Sqft
45,362Lot

Price Vs. Estimate

The estimated value ($925,628.24) is $27,628.24 (3%) higher than the list price ($898,000). 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 = 45362, living area = 1502.
Top Cons:
Two-Bedroom Configuration: Primarily a two-bedroom home, which may limit appeal for larger families or those requiring more dedicated private sleeping spaces beyond the flexible loft.

Compared to the nearby listings

Price:$898.0K vs avg $1.35M ($-457,000)7%
Size:1,502 sqft vs avg 2,524 sqft10%
Price/sqft:$598 vs avg $58753%

More Insights

Built in 1997 (28 years old).
Condition: Built in 1997, this home has been well-maintained with recent cosmetic updates including fresh paint throughout and new flooring upstairs and on the staircase. However, the kitchen features original-style light wood cabinets, dated terracotta-style floor tiles, older white appliances (except for a newer stainless steel refrigerator), and granite countertops that, while functional, reflect an older aesthetic. Similarly, the bathrooms retain their original 1997 vanities, countertops, and tile work, showing signs of being outdated. While move-in ready, the property requires minor updates to the kitchen and bathrooms to meet current design preferences and quality standards.
Year Built
1997
Close
-
List price
$898K
Original List price
$898K
Price/Sqft
$598
HOA
$113
Days on market
-
Sold On
-
MLS number
225005454
Home ConditionFair
Features
Patio
View-

About this home

Welcome to this charming 2-bedroom plus loft, 2.5-bath home in the highly desirable Renaissance gated community of Westlake Village. Light-filled and comfortable, this home offers a wonderful opportunity to enjoy Westlake living at an exceptional value.The spacious living and dining area features high ceilings, a fireplace, and French doors that open to a peaceful private patio--perfect for relaxing or entertaining. The kitchen includes an eat-in space with access to the patio, creating a seamless indoor-outdoor flow.The flooring for the upstairs and the staircase were replaced last year, adding a fresh, updated touch to the upper level. Upstairs, the loft area offers great flexibility--ideal for a home office, media space, or potential third bedroom conversion. The primary suite features a walk-in closet and dual-sink vanity, while the secondary bedroom and bath provide comfortable space for family or guests.Freshly painted throughout, including the interior and garage walls, this home is clean, inviting, and ready for your personal touch. The Renaissance community offers a pool, spa, and playground with low HOA dues, all within minutes of award-winning schools, scenic parks, shops, and restaurants.

Nearby schools

8/10
Yerba Buena Elementary School
Public,•K-5•0.9mi
7/10
White Oak Elementary School
Public,•K-5•1.3mi
7/10
Lindero Canyon Middle School
Public,•6-8•0.6mi
7/10
Agoura High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
11/28/00
Sold
$317,500
12/31/97
Sold
$229,000
12/23/14
Sold
$580,000
Condition Rating
Fair
Built in 1997, this home has been well-maintained with recent cosmetic updates including fresh paint throughout and new flooring upstairs and on the staircase. However, the kitchen features original-style light wood cabinets, dated terracotta-style floor tiles, older white appliances (except for a newer stainless steel refrigerator), and granite countertops that, while functional, reflect an older aesthetic. Similarly, the bathrooms retain their original 1997 vanities, countertops, and tile work, showing signs of being outdated. While move-in ready, the property requires minor updates to the kitchen and bathrooms to meet current design preferences and quality standards.
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 = 45362, living area = 1502.
Prime Gated Community Location: Located in the highly desirable Renaissance gated community of Westlake Village, offering security and convenient access to local amenities, parks, shops, and restaurants.
Community Amenities & Low HOA: Residents benefit from a community pool, spa, and playground, all managed with the advantage of low HOA dues, enhancing lifestyle without excessive cost.
Flexible Loft Space: The property includes a versatile loft area, easily adaptable for a home office, media room, or potential conversion into a third bedroom, adding significant functional value.
Recent Updates & Fresh Condition: Features recent updates including new upstairs flooring and fresh paint throughout the interior and garage, presenting a clean, inviting, and move-in ready home.
Excellent School Access: Situated within minutes of award-winning schools in the highly-regarded Las Virgenes school district, including highly-rated elementary, middle, and high schools.

Cons

Two-Bedroom Configuration: Primarily a two-bedroom home, which may limit appeal for larger families or those requiring more dedicated private sleeping spaces beyond the flexible loft.
Potentially Original Kitchen/Bath Finishes: The description does not mention any kitchen or bathroom remodels, suggesting these areas might feature original 1997 finishes that could require future updates to meet modern buyer preferences.
Attached Living Style: As part of a community with shared amenities and likely attached units, it may not appeal to buyers seeking a fully detached single-family home with a large private yard.

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