5711 Owensmouth Avenue 116, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 3 bath

5711 Owensmouth Avenue 116, Woodland Hills, California 91367 home-pic-0
ACTIVE UNDER CONTRACT$659,000
5711 Owensmouth Avenue 116, Woodland Hills, California 91367
3Beds
3Baths
1,624Sqft
185,242Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Aggressive Pricing & Motivated Seller: A significant price reduction from the original list price ($849,000 to $659,000) highlights a highly motivated seller and presents a strong value proposition for potential buyers.
Top Cons:
High Monthly HOA Dues: The substantial monthly association fee of $828.0 could be a significant financial burden and a deterrent for some potential buyers.

Compared to the nearby listings

Price:$659.0K vs avg $725.0K ($-66,000)32%
Size:1,624 sqft vs avg 1,518 sqft60%
Price/sqft:$406 vs avg $46836%

More Insights

Built in 1979 (46 years old).
Condition: Built in 1979, this property has been well-maintained with recent cosmetic updates including new paint and carpets, and features gleaming hardwood floors. However, the kitchen, while functional with all appliances, exhibits dated white tile countertops and older white appliances. Similarly, the primary bathroom shower features older tile work. These elements, along with the property's age, indicate that while the home is clean and move-in ready, the kitchen and bathrooms would benefit from significant stylistic updates to meet current trends, aligning with a 'Fair' condition rating.
Year Built
1979
Close
-
List price
$659K
Original List price
$849K
Price/Sqft
$406
HOA
$828
Days on market
-
Sold On
-
MLS number
SR25103514
Home ConditionFair
Features
Good View: Creek/Stream, Trees/Woods
Deck
ViewCreek/Stream, Trees/Woods

About this home

AGGRESSIVELY PRICED BY MOTIVATED SELLER!!! Lovely tri level townhome located in the highly desirable area of Woodland Hills. There are 3 bedrooms & 2.5 baths plus a large bonus room downstairs that can be used as an office, den, playroom or storage. As you step in from the front door, you are greeted by a large living room with a cozy fireplace and a front deck with sitting area. This bright and open floor plan includes a spacious dining area with a wet bar, gleaming hard wood floors, a great cook’s kitchen complete with all the appliances, recessed lighting, plenty of cabinets & counter space and a breakfast nook next to a glass slider and balcony. All the bedrooms are spacious and bright especially the primary suite with vaulted ceilings, a walk-in closet and access to its own private balcony overlooking the Zen-like outdoors with stream and lush greenery. Not to mention newly painted, new carpets & an attached 2 car garage with direct access to the unit. Situated on a meticulously maintained complex with walking paths & bridges throughout surrounded by gorgeous landscaping & resort style amenities like tennis courts, pool & spa and a rec room. HOA includes internet, basic cable and earthquake insurance. Conveniently located minutes away from the large and upscale Westfield Topanga Mall, numerous shops and restaurants, parks and freeway access. Great opportunity so don’t miss it!

Condition Rating
Fair

Built in 1979, this property has been well-maintained with recent cosmetic updates including new paint and carpets, and features gleaming hardwood floors. However, the kitchen, while functional with all appliances, exhibits dated white tile countertops and older white appliances. Similarly, the primary bathroom shower features older tile work. These elements, along with the property's age, indicate that while the home is clean and move-in ready, the kitchen and bathrooms would benefit from significant stylistic updates to meet current trends, aligning with a 'Fair' condition rating.
Pros & Cons

Pros

Aggressive Pricing & Motivated Seller: A significant price reduction from the original list price ($849,000 to $659,000) highlights a highly motivated seller and presents a strong value proposition for potential buyers.
Prime Location & Accessibility: Located in the highly desirable Woodland Hills area, offering convenient access to upscale amenities like Westfield Topanga Mall, diverse dining, parks, and major freeways.
Resort-Style Community Amenities: The meticulously maintained complex provides extensive resort-style amenities including tennis courts, a pool, spa, rec room, walking paths, and lush landscaping, with HOA covering internet, basic cable, and earthquake insurance.
Updated Interior & Functional Layout: Features a bright, open tri-level floor plan with recent updates (new paint, carpets), gleaming hardwood floors, a well-equipped kitchen, and a versatile large bonus room.
Scenic Views & Private Outdoor Spaces: The primary suite offers a private balcony with serene views of a stream and lush greenery, complemented by a front deck and an additional balcony off the breakfast nook.

Cons

High Monthly HOA Dues: The substantial monthly association fee of $828.0 could be a significant financial burden and a deterrent for some potential buyers.
Property Age: Built in 1979, the property is over four decades old, which may raise concerns about the condition and potential future replacement costs of original systems (e.g., plumbing, electrical, HVAC) if not explicitly updated.
Multi-Level Layout Challenges: The tri-level design, while offering distinct living zones, may not appeal to all buyers, particularly those seeking single-level living or with mobility considerations due to the presence of multiple stairs.

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