5808 Ostrom Avenue, Encino, California 91316, Encino, 91316 - 3 bed, 3 bath

5808 Ostrom Avenue, Encino, California 91316 home-pic-0
ACTIVE$1,674,950
5808 Ostrom Avenue, Encino, California 91316
3Beds
3Baths
2,069Sqft
6,001Lot

Price Vs. Estimate

The estimated value ($1,050,855.86) is $624,094.14 (37%) lower than the list price ($1,674,950). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovations: The property boasts comprehensive interior and exterior updates, including new flooring, vaulted ceilings, an updated 240-volt electrical panel, new HVAC with NEST thermostat, recessed lighting, and a new roof (2023), reflecting true pride of ownership.
Top Cons:
Significant Valuation Discrepancy: The current listing price of $1,674,950 is substantially higher than the estimated property value of $1,050,855.86, indicating a potential overpricing issue or challenging appraisal for buyers.

Compared to the nearby listings

Price:$1.67M vs avg $1.47M (+$209,950)59%
Size:2,069 sqft vs avg 2,192 sqft47%
Price/sqft:$810 vs avg $74566%

More Insights

Built in 1956 (69 years old).
Condition: Despite being built in 1956, this property has undergone a comprehensive and recent 'fully renovated interior' as described, including a new roof in 2023 and brand-new systems like an updated 240-volt electrical panel and new HVAC with a NEST thermostat. The kitchen is a 'chef's dream' with a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end Jenn-Air stainless-steel appliances. The primary suite features a 'resort-style outdoor shower and a top-of-the-line Sundance spa,' indicating luxurious and modern bathroom facilities. All these elements, along with stylish new flooring and recessed lighting, point to a property that meets current quality standards with virtually new components and no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Year Built
1956
Close
-
List price
$1.67M
Original List price
$1.7M
Price/Sqft
$810
HOA
-
Days on market
-
Sold On
-
MLS number
25513389
Home ConditionExcellent
Features
Deck
Spa
Patio
View-

About this home

This beautifully updated 3-bedroom, 2.5-bath home exemplifies true pride of ownership, featuring thoughtful, owner-designed upgrades that harmoniously blend modern style with everyday comfort in one of Encino's most desirable neighborhoods. The fully renovated interior boasts soaring vaulted ceilings, stylish new flooring, and brand-new systems, including an updated 240-volt electrical panel, recessed lighting, and a new HVAC system with a NEST thermostat. The open-concept kitchen is a chef's dream, featuring a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end stainless-steel appliances, including a Jenn-Air stove. Adjacent to the kitchen, a dining room with a newly installed custom bar and a living room open to the backyard for seamless indoor-outdoor living. The primary suite offers a private retreat, with sliding doors that lead to a resort-style outdoor shower and a top-of-the-line Sundance spa--your own personal oasis for relaxation and luxury. Step outside into an entertainer's dream yard, complete with Ipe deck flooring, a covered patio featuring recessed lighting, a ceiling fan, a built-in BBQ, and elegant new tile--perfect for hosting gatherings or unwinding under the stars. The home also features a new roof redone in 2023, a Tesla charger, and a garage outfitted with ample custom storage to meet all your needs. Located near Lake Balboa Park, the Orange Line Metro, Sepulveda Basin Sports Complex, and an off-leash dog park, this home is also within walking distance of the award-winning Encino Charter Elementary School. With a resort-like backyard, every detail lovingly designed and upgraded, and top-of-the-line features throughout, this home is a rare gem ready to welcome you!

Condition Rating
Excellent

Despite being built in 1956, this property has undergone a comprehensive and recent 'fully renovated interior' as described, including a new roof in 2023 and brand-new systems like an updated 240-volt electrical panel and new HVAC with a NEST thermostat. The kitchen is a 'chef's dream' with a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end Jenn-Air stainless-steel appliances. The primary suite features a 'resort-style outdoor shower and a top-of-the-line Sundance spa,' indicating luxurious and modern bathroom facilities. All these elements, along with stylish new flooring and recessed lighting, point to a property that meets current quality standards with virtually new components and no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Pros & Cons

Pros

Extensive Modern Renovations: The property boasts comprehensive interior and exterior updates, including new flooring, vaulted ceilings, an updated 240-volt electrical panel, new HVAC with NEST thermostat, recessed lighting, and a new roof (2023), reflecting true pride of ownership.
Gourmet Chef's Kitchen: The open-concept kitchen is a chef's dream, featuring a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end Jenn-Air stainless-steel appliances.
Luxurious Primary Suite & Outdoor Spa: The primary suite offers a private retreat with sliding doors leading to a resort-style outdoor shower and a top-of-the-line Sundance spa, providing a unique luxury experience.
Entertainer's Dream Backyard: The backyard is designed for entertaining, complete with Ipe deck flooring, a covered patio featuring recessed lighting, a ceiling fan, and a built-in BBQ.
Prime Location & Top-Rated School Access: Located in one of Encino's most desirable neighborhoods, the home is near Lake Balboa Park, Orange Line Metro, Sepulveda Basin Sports Complex, and within walking distance of the award-winning Encino Charter Elementary School.

Cons

Significant Valuation Discrepancy: The current listing price of $1,674,950 is substantially higher than the estimated property value of $1,050,855.86, indicating a potential overpricing issue or challenging appraisal for buyers.
Original Build Year (1956): Despite extensive modern renovations, the home's original construction year of 1956 may raise concerns about underlying older infrastructure not explicitly mentioned as updated, such as foundation or original plumbing beyond the electrical panel and HVAC.
Limited Bedroom Count for Price Point: With 3 bedrooms, the property may appeal to a narrower buyer pool compared to 4-bedroom homes often available at or below this price point in the Encino area, as suggested by some comparative listings.

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