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16741 Tim Lane, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 3 bath

16741 Tim Lane, Van Nuys, California 91406 home-pic-0
ACTIVE$899,000
16741 Tim Lane, Van Nuys, California 91406
4Beds
3Baths
1,888Sqft
72,371Lot
Year Built
2005
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$476
HOA
$120
Days on market
-
Sold On
-
MLS number
PW25113322
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,7 Pros. Rank: price - $899.0K(50th), sqft - 1888(79th), beds - 4(73th), baths - 3(77th).

Modern Comfort & Rare Privacy in the Heart of Lake Balboa. This home is eligible for a $20,000 down payment assistance grant Welcome to 16741 Tim Lane—a beautifully updated 4-bedroom, 2.5-bathroom home nestled in a gated community of just 27 homes. The only property with dual private side yards, this freestanding home offers exceptional light, privacy, and outdoor space rarely found in the area. Enjoy a spacious 1,888 sq ft layout with open-concept living, great natural light, and seamless indoor-outdoor flow. The secluded back patio is perfect for dining, entertaining, or relaxing in peace. Additional features include a finished 2-car garage with storage and workbench, Google Home camera system, ADT security, and vinyl side gates. Select furnishings are negotiable. Located on tree-lined Forbes Ave, you're minutes from Lake Balboa Park, top-rated schools, and walkable local favorites like Black Heart Coffee and In-N-Out. With easy access to the 101/405, this home connects you to UCLA, the Westside, Burbank Airport, and beach destinations in under 30 minutes. A rare blend of space, upgrades, and unbeatable location—16741 Tim Lane is turnkey, secure, and move-in ready! Call for your private showing today! The $20k grant can be used to buy down the rate, closing cost, or down payment assistance.

Nearby schools

3/10
Gault Street Elementary School
Public,•K-5•0.5mi
3/10
Gault Street Elementary School
Public,•K-5•0.5mi
6/10
Lemay Street Elementary School
Public,•K-5•1.0mi
5/10
Lemay Street Elementary School
Public,•K-5•1.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.2mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.2mi
3/10
Bassett Street Elementary School
Public,•PK-5•1.2mi
4/10
Bassett Street Elementary School
Public,•K-5•1.3mi
7/10
Stagg Street Elementary School
Public,•K-5•1.4mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.5mi
6/10
Lorne Street Elementary School
Public,•K-5•1.8mi
4/10
Sylvan Park Elementary School
Public,•K-5•2.2mi
5/10
Cantara Street Elementary School
Public,•K-5•2.3mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.9mi
5/10
William Mulholland Middle School
Public,•6-8•0.4mi
3/10
William Mulholland Middle School
Public,•6-8•0.5mi
3/10
Northridge Middle School
Public,•6-8•2.6mi
2/10
Van Nuys Middle School
Public,•6-8•3.2mi
4/10
Reseda Senior High School
Public,•9-12•1.9mi
6/10
Van Nuys Senior High School
Public,•9-12•2.5mi
7/10
Northridge Academy High
Public,•9-12•3.8mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.6mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.6mi
Condition Rating
Good
Built in 2005, this property is 19 years old and falls within the 'Good' category's age range. The listing describes it as 'beautifully updated' and 'turnkey, secure, and move-in ready,' which is strongly supported by the images. The kitchen features modern white shaker-style cabinets, stainless steel appliances, and clean white countertops, indicating recent updates. Bathrooms are well-maintained with double vanities, tiled showers, and separate tubs. Flooring is a mix of wood-look laminate/hardwood and clean carpeting. All major systems appear functional and well-kept, with no immediate renovations required. While updated, the style of some elements, particularly the bathroom tile and countertops, suggests updates that are likely within the 5-15 year range rather than brand new, preventing an 'Excellent' rating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 72371, living area = 1888.
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Financial Incentive: The property is eligible for a significant $20,000 down payment assistance grant, which can be used for rate buy-down, closing costs, or down payment, offering a substantial financial benefit to buyers.
Gated Community & Privacy: Located within a small, secure gated community of only 27 homes, this freestanding property uniquely offers dual private side yards and a secluded back patio, ensuring exceptional privacy and exclusive outdoor living space.
Modern & Turnkey Condition: Built in 2005 and described as 'beautifully updated' and 'turnkey, secure, and move-in ready,' the home requires minimal immediate investment, providing modern comfort and convenience from day one.
Excellent Location & Accessibility: Situated on a tree-lined street, the home offers proximity to Lake Balboa Park, walkable local amenities, and easy access to the 101/405 freeways, connecting to major employment hubs and attractions within 30 minutes.
Enhanced Security & Smart Home Features: Equipped with a Google Home camera system and ADT security, the property provides modern safety features and smart home capabilities for peace of mind.

Cons

Potential Overpricing: The current listing price of $899,000 is notably higher than the estimated property value of $834,047 and a recent comparable sale of $800,000 for a property with a private pool and spa, suggesting it may be priced above market expectations.
Mixed School Performance: While the area has various schools, the closest elementary school (Gault Street) has a rating of 3, which might be a concern for buyers prioritizing top-rated public education.
Association Fees: The property is subject to a monthly association fee of $120, which adds to the recurring cost of homeownership, a factor for budget-conscious buyers.

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