5741 Newcastle Avenue, Encino, California 91316, Encino, 91316 - 5 bed, 6 bath

5741 Newcastle Avenue, Encino, California 91316 home-pic-0
ACTIVE$2,395,000
5741 Newcastle Avenue, Encino, California 91316
5Beds
6Baths
3,402Sqft
5,500Lot

Price Vs. Estimate

The estimated value ($2,346,228.875) is $48,771.125 (2%) lower than the list price ($2,395,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2024, this home boasts unparalleled modern design elements, top-notch finishes, engineered wood floors, and clean lines throughout, offering a contemporary luxury living experience.
Top Cons:
Pool Requires Installation: While approved plans exist for a pool, it is not yet built, meaning the buyer will incur immediate costs and project management responsibilities for its construction post-escrow.

Compared to the nearby listings

Price:$2.40M vs avg $1.47M (+$930,000)75%
Size:3,402 sqft vs avg 2,250 sqft73%
Price/sqft:$704 vs avg $74339%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it a brand new construction. The description highlights 'modern design elements and top-notch finishes,' 'top tier appliances,' 'marble countertops,' and 'lavish bath' with a walk-in shower and soaking tub. Images confirm the pristine condition, featuring engineered wood floors, contemporary light fixtures, a gourmet chef's kitchen with high-end stainless steel appliances and a large island, and modern, clean bathrooms. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.5M
Price/Sqft
$704
HOA
-
Days on market
-
Sold On
-
MLS number
SR25070682
Home ConditionExcellent
Features
Patio
ViewNeighborhood, Trees/Woods

About this home

Come see this beautiful and luxurious home in the desired quiet neighborhood of Encino! This home offers an unparalleled combination of modern design elements and top notch finishes perfectly curated. Once you enter this smart house you can control the speakers, sound system, cameras, and lights from your smartphone. You will be blown away with the modern style of the engineered wood floors and clean lines. This impressive home spans around 3,400 sqft of luxury living and features bedrooms with ensuite bathrooms. As you walk around you are greeted by soaring high ceilings and expansive glass doors leading into an open courtyard great for entertaining.  Featured on the main level is a 2 beds, 2 baths ADU with a separate entrance- great for home office, guests, additional income and more! Gourmet chef's kitchen is finished with top tier appliances, marble countertops with a huge beautiful island. The indulging main suite awaits boasting a lavish bath, walk in shower, soaking tub, big walk-in closet, and an oversized balcony. The backyard is a true oasis displaying lush landscaping throughout, a built-in BBQ, and approved plans to build a pool immediately after close of Escrow. The front is set up for a gate for you to easily install in the future. Located close to Ventura Blvd. with the best shops and restaurants just moments away and ease to freeways. A truly remarkable home that exceeds all expectations and unlike any other home on the market.

Condition Rating
Excellent

This property was built in 2024, making it a brand new construction. The description highlights 'modern design elements and top-notch finishes,' 'top tier appliances,' 'marble countertops,' and 'lavish bath' with a walk-in shower and soaking tub. Images confirm the pristine condition, featuring engineered wood floors, contemporary light fixtures, a gourmet chef's kitchen with high-end stainless steel appliances and a large island, and modern, clean bathrooms. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2024, this home boasts unparalleled modern design elements, top-notch finishes, engineered wood floors, and clean lines throughout, offering a contemporary luxury living experience.
Integrated Smart Home Technology: Equipped as a smart house, the property allows seamless control of speakers, sound system, cameras, and lights directly from a smartphone, enhancing convenience and security.
Versatile ADU with Separate Entrance: A significant asset is the main-level 2-bed, 2-bath ADU with its own entrance, providing exceptional flexibility for a home office, guest quarters, or potential rental income.
Luxurious Interior Amenities: The home features a gourmet chef's kitchen with top-tier appliances and marble countertops, soaring high ceilings, expansive glass doors, and a lavish main suite with a soaking tub, walk-in shower, and oversized balcony.
Prime Encino Location & Accessibility: Situated in a desired quiet Encino neighborhood, the property offers excellent proximity to Ventura Blvd's best shops and restaurants, along with easy access to freeways.

Cons

Pool Requires Installation: While approved plans exist for a pool, it is not yet built, meaning the buyer will incur immediate costs and project management responsibilities for its construction post-escrow.
Front Gate Not Installed: The front of the property is set up for a gate, but it is not currently installed, representing an additional expense and project for the new owner if desired for enhanced privacy or security.
Potential for Ongoing Exterior Work: The need for pool construction and front gate installation indicates that while the interior is complete, the exterior amenities are not fully finalized, potentially leading to ongoing construction or landscaping efforts for the buyer.

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