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1541 Silverwood Terrace, Los Angeles, California 90026, Los Angeles, 90026 - 4 bed, 4 bath

1541 Silverwood Terrace, Los Angeles, California 90026 home-pic-0
ACTIVE$2,250,000
1541 Silverwood Terrace, Los Angeles, California 90026
4Beds
4Baths
2,396Sqft
4,936Lot
Year Built
2005
Close
-
List price
$2.25M
Original List price
$2.5M
Price/Sqft
$939
HOA
-
Days on market
-
Sold On
-
MLS number
25507977
Home ConditionExcellent
Features
Excellent View: City Lights, Hills
Deck
ViewCity Lights,Hills

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.25M(87th), sqft - 2396(79th), beds - 4(71th), baths - 4(85th).

BUYER COULD NOT PERFORM, SELLER MOTIVATED, PROPERTY BACK ON MARKET. Welcome home to your stunning mid century-view property in prime Silver Lake. Perched above Silver Lake Boulevard, on a quiet street with breathtaking views of the Hollywood Sign, Griffith Park, and the Pacific Ocean, this contemporary retreat combines quintessential midcentury charm with city convenience, just steps from Silver Lake's best shopping and dining.Breathtaking city and canyon views steal the show in this stylish home, where rich wood floors and glass-paned doors let natural light soak in from sunrise to sunset. A custom bookshelf adds character while keeping the flow open between the living and dining areas. Host dinners in the formal dining room or take the party outside to the balcony. A brand-new HVAC system keeps things comfy year-round, and the Sonos system allows for seamless whole-home audio.Downstairs, the spacious family room anchors the bedroom level, framed by oversized windows that flood the space with natural light. The primary suite is a true retreat, featuring a spa-like bath with a floating dual-sink vanity, glass-enclosed shower, and soaking tub. Secondary baths are equally stylish with sleek, modern finishes.The private front patio, surrounded by lush hedges, includes a top-of-the-line sauna and grill, perfect for relaxing and entertaining. Despite feeling completely private and secluded, this home is moments from popular spots like Alimento, LAMILL Coffee, L & E Oyster, and the Silver Lake Reservoir.

Nearby schools

2/10
Mayberry Street Elementary School
Public,•K-6•0.3mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.4mi
8/10
Clifford Street Elementary School
Public,•K-6•0.7mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.1mi
6/10
Dayton Heights Elementary School
Public,•K-5•1.1mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.2mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.2mi
/10
Lake Street Primary School
Public,•K-1•1.3mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.4mi
8/10
Allesandro Elementary School
Public,•K-6•1.4mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.6mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.6mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.8mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.9mi
5/10
Virgil Middle School
Public,•6-8•1.6mi
6/10
Irving STEAM Magnet
Public,•6-8•2.7mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
3/10
Belmont Senior High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
04/20/22
Sold
$2,450,000
01/28/11
Sold
$1,086,000
02/28/07
Sold
$1,060,000
05/15/03
Sold
$115,000
Condition Rating
Excellent
Built in 2005, this property has been extensively updated, as evidenced by the 'brand-new HVAC system' and the highly modern, sleek finishes throughout the kitchen and bathrooms. The kitchen features contemporary white flat-panel cabinetry, stainless steel appliances, and a large island, while the bathrooms boast floating vanities, modern tiling, and a spa-like primary suite with a soaking tub and glass-enclosed shower. Rich wood floors are in excellent condition, and the overall aesthetic is current and high-quality, indicating recent renovations that meet current standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Panoramic Views: Breathtaking views of the Hollywood Sign, Griffith Park, Pacific Ocean, city, and canyon, significantly enhancing desirability and value.
Prime Silver Lake Location: Highly sought-after location in Silver Lake, offering immediate access to popular shopping, dining, and the Silver Lake Reservoir.
Modern Comforts & Upgrades: Equipped with a brand-new HVAC system and Sonos whole-home audio, ensuring year-round comfort and modern living.
Luxurious Primary Suite: Features a spa-like primary bath with a floating dual-sink vanity, glass-enclosed shower, and soaking tub, providing a true retreat.
Private Outdoor Entertainment: Includes a private front patio with a top-of-the-line sauna and grill, ideal for relaxation and entertaining in a secluded setting.

Cons

Previous Failed Transaction: The property is back on the market due to a buyer's inability to perform, which can raise concerns and questions for new prospective buyers.
Potential Overpricing: The current list price of $2.25M is above the estimated property value of $2.118M, and it has already seen a price reduction from its original list price of $2.495M, suggesting potential overvaluation.
Limited Traditional Yard: While offering a private patio and balcony, the description does not indicate a large, traditional backyard, which might not appeal to buyers seeking extensive green space.

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