23625 Summit Drive, Calabasas, California 91302, Calabasas, 91302 - 3 bed, 3 bath

23625 Summit Drive, Calabasas, California 91302 home-pic-0
ACTIVE$1,799,990
23625 Summit Drive, Calabasas, California 91302
3Beds
3Baths
2,933Sqft
4,922Lot
Year Built
1991
Close
-
List price
$1.8M
Original List price
$2M
Price/Sqft
$614
HOA
-
Days on market
-
Sold On
-
MLS number
SR25065987
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic
Deck
ViewCity Lights,Mountain(s),Panoramic

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.80M(44th), sqft - 2933(48th), beds - 3(24th), baths - 3(49th).

Also available for rent at 7950.00!!!!The owner will carry a first trust deed at 4.95 %, interest only, for 3-5 years with a 20% down payment!!This home has breathtaking views that highlight this gorgeous, remodeled pristine home in the "very" private Calabasas Highlands! This beautiful home is Just under 3000 sq feet., with a 950 sq. ft. basement/great room not included in the 2933 sq ft. From the entry, you are immediately drawn to the stunning views off the cavernous living room. The "city light views" are staggering at night. There is a huge dining area that leads to the brand new, massive Chef's gourmet kitchen with top-of-the-line appliances, "miles" of counter space, and loads of cupboards. Keep walking into the giant family room with lots of light and windows. Downstairs, there are 3 bedrooms, especially the huge primary with gorgeous views, walk in closets, and an awesome "bright" primary bath, tiled with elegance, a large spa bathtub, a huge shower, and plenty of room. The other 2 large, remodeled bedrooms share another remodeled bath. Downstairs is a 950 sq foot future recording studio, office, potential ADU, workout gym, movie theatre, there are literally 1000 possibilities! The owner just spent over 150K on a new sewer system! There are so many wonderful upgrades in this home, there are too many to mention. The best schools; Las Virgenes school system, with Calabasas High, A.C Stelle middle school, and Chapparal grade school.

Nearby schools

8/10
Chaparral Elementary School
Public,K-51.7mi
7/10
Alice C. Stelle Middle School
Public,6-81.9mi
8/10
Calabasas High School
Public,9-121.3mi
Condition Rating
Excellent

This property has undergone extensive recent renovations, as evidenced by the 'brand new, massive Chef's gourmet kitchen with top-of-the-line appliances' and 'awesome bright primary bath, tiled with elegance.' The images confirm modern, high-end finishes throughout, including new stainless steel appliances, white shaker cabinets, dark countertops, herringbone backsplash, updated light fixtures, and pristine wood flooring in living areas. Bathrooms feature contemporary vanities, illuminated mirrors, and large tiled showers/tubs. The significant investment in a new sewer system further supports a comprehensive upgrade, aligning with the 'extensively renovated within 5 years' criteria for an excellent score.
Pros & Cons

Pros

Breathtaking Panoramic Views: The property offers stunning panoramic, city light, and mountain views from multiple vantage points, including the living room and primary suite, significantly enhancing its appeal.
Attractive Owner Financing: A unique and highly advantageous owner financing option is available at 4.95% interest-only for 3-5 years with a 20% down payment, making it more accessible for qualified buyers.
Extensive Recent Remodeling & Upgrades: The home has undergone significant recent remodeling, including a brand-new, massive chef's gourmet kitchen with top-of-the-line appliances, remodeled bathrooms, and a new sewer system (over $150K spent).
Versatile Additional Living Space: A 950 sq. ft. basement/great room, not included in the official square footage, offers immense potential for a recording studio, ADU, gym, or home theater, adding significant functional value.
Highly-Rated School District: The property is located within the prestigious Las Virgenes school system, including Calabasas High, A.C. Stelle Middle, and Chaparral Grade School, a major draw for families.

Cons

Small Lot Size: The lot size of 4922 sq ft is relatively small for a Calabasas home of this square footage, potentially limiting outdoor living space or future expansion opportunities.
Price History & Valuation Discrepancy: The property has seen a significant price reduction from its original list price, and the current list price is 16% higher than the estimated value, suggesting potential market resistance or overpricing.
Limited Outdoor Amenities: While private, the description does not highlight specific outdoor amenities such as a pool, extensive landscaping, or large entertaining areas, which are often sought after in this price point and location.

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