7048 Mclennan Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 4 bed, 2 bath
ACTIVE$1,089,000
7048 Mclennan Avenue, Lake Balboa, California 91406
4Beds
2Baths
1,496Sqft
6,759Lot
Price Vs. Estimate
The estimated value ($681,948.9) is $407,051.1 (37%) lower than the list price ($1,089,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Top Cons:
Significant Price Discrepancy: The listing price of $1.089M is substantially higher than the estimated property value of approximately $682K, indicating a potential overpricing issue or a need for a robust justification of value.
Compared to the nearby listings
Price:$1.09M vs avg $900.0K (+$189,000)84%
Size:1,496 sqft vs avg 1,496 sqft50%
Price/sqft:$728 vs avg $61089%
More Insights
Built in 1955 (70 years old).
Condition: Despite being built in 1955, this property has undergone a comprehensive and recent renovation, aligning with the 'excellent' criteria for extensive updates within 5 years. The description explicitly states 'Beautifully UPDATED' with a new kitchen featuring custom cabinets, quartz countertops, new stainless-steel appliances, and a waterfall island. Both bathrooms are fully updated with new fixtures, double vanities, and custom tile work. Additional upgrades include new luxury flooring, central HVAC, updated plumbing, and light fixtures, ensuring all major components are new or virtually new and meet current quality standards.
Year Built
1955
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$728
HOA
-
Days on market
-
Sold On
-
MLS number
DW25065950
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
Beautifully UPDATED 4 bed 2 bath home in a highly desirable Lake Balboa Neighborhood. The updated kitchen features custom cabinets, quartz counter tops, full tile backsplash, stylish fixtures, new stainless-steel appliances, and a large center island with waterfall countertop, Both the primary and secondary bathrooms have new fixtures, new double sink vanities, and custom tile work. The home has an open floorplan and the living has a decorative fireplace and leads to HUGE backyard with large covered patio area, perfect for outdoor relaxation & entertaining, and large yard for outdoor fun. Other upgrades include interior & exterior paint, luxury flooring in front living room, bedrooms and kitchen, central HVAC, updated plumbing and light fixtures, newly landscaped front and backyard. Other features include a spacious indoor laundry room and a two-car garage with a large driveway offering additional off-street parking. This home is ideally situated just a short distance to Lake Balboa Park, Woodley Lakes Golf Course, and offers easy access to freeways and the Metro Bus Line. Tax rolls show different bedroom count.
Nearby schools
3/10
Gault Street Elementary School
Public,•K-5•0.2mi
3/10
Gault Street Elementary School
Public,•K-5•0.3mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.9mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.9mi
6/10
Lemay Street Elementary School
Public,•K-5•0.9mi
5/10
Lemay Street Elementary School
Public,•K-5•1.0mi
7/10
Stagg Street Elementary School
Public,•K-5•1.0mi
3/10
Bassett Street Elementary School
Public,•PK-5•1.3mi
4/10
Bassett Street Elementary School
Public,•K-5•1.4mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.4mi
6/10
Lorne Street Elementary School
Public,•K-5•1.5mi
5/10
Cantara Street Elementary School
Public,•K-5•2.0mi
4/10
Sylvan Park Elementary School
Public,•K-5•2.4mi
9/10
Kester Avenue Elementary School
Public,•K-5•3.2mi
3/10
William Mulholland Middle School
Public,•6-8•0.5mi
5/10
William Mulholland Middle School
Public,•6-8•0.7mi
3/10
Northridge Middle School
Public,•6-8•2.3mi
2/10
Van Nuys Middle School
Public,•6-8•3.5mi
4/10
Reseda Senior High School
Public,•9-12•1.9mi
6/10
Van Nuys Senior High School
Public,•9-12•2.6mi
7/10
Northridge Academy High
Public,•9-12•3.5mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.3mi
Condition Rating
Excellent
Despite being built in 1955, this property has undergone a comprehensive and recent renovation, aligning with the 'excellent' criteria for extensive updates within 5 years. The description explicitly states 'Beautifully UPDATED' with a new kitchen featuring custom cabinets, quartz countertops, new stainless-steel appliances, and a waterfall island. Both bathrooms are fully updated with new fixtures, double vanities, and custom tile work. Additional upgrades include new luxury flooring, central HVAC, updated plumbing, and light fixtures, ensuring all major components are new or virtually new and meet current quality standards.
Pros & Cons
Pros
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Extensive Modern Renovations: The property has undergone comprehensive recent updates including a new kitchen, renovated bathrooms, luxury flooring, interior/exterior paint, central HVAC, and updated plumbing/light fixtures, offering a move-in ready modern living experience.
Prime Lake Balboa Location: Situated in a highly desirable Lake Balboa neighborhood, the home offers convenient access to recreational amenities like Lake Balboa Park and Woodley Lakes Golf Course, as well as easy freeway and Metro bus line access.
Spacious & Entertaining Backyard: Features a 'HUGE backyard with large covered patio area' and ample yard space, providing excellent opportunities for outdoor relaxation and entertaining.
Updated Kitchen & Bathrooms: The kitchen boasts custom cabinets, quartz countertops, new stainless-steel appliances, and a large center island, while both bathrooms feature new fixtures, double sink vanities, and custom tile work.
Functional Layout & Parking: The home offers an open floorplan, a spacious indoor laundry room, and a two-car garage with a large driveway for additional off-street parking, enhancing daily convenience.
Cons
Significant Price Discrepancy: The listing price of $1.089M is substantially higher than the estimated property value of approximately $682K, indicating a potential overpricing issue or a need for a robust justification of value.
Age of Property: Built in 1955, the home is an older property. While extensively updated, potential buyers may still have concerns regarding original structural elements or systems not explicitly mentioned as fully replaced.
Inconsistent Bedroom Count: The property description notes a discrepancy between the listed bedroom count (4 beds) and what is shown on tax rolls, which could lead to appraisal complications or suggest unpermitted modifications.