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3223 Fond Drive, Encino, California 91436, Encino, 91436 - 5 bed, 4 bath

3223 Fond Drive, Encino, California 91436 home-pic-0
ACTIVE$2,395,000
3223 Fond Drive, Encino, California 91436
5Beds
4Baths
5,122Sqft
17,136Lot
Year Built
1964
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$468
HOA
-
Days on market
-
Sold On
-
MLS number
25508035
Home ConditionTear down
Features
Good View: Hills, Mountain(s)
Pool
Patio
ViewHills, Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.40M(51th), sqft - 5122(84th), beds - 5(67th), baths - 4(50th).

Located in the coveted Encino Hills, this rare, expansive 17,000+ sq ft corner lot offers the perfect canvas for your dream home. With a largely flat terrain, the property features a stunning, well-constructed gazebo and a luxurious pool valued at nearly $500K an exceptional addition to this already remarkable space. This lot offers a unique opportunity to build at an incredible value under market price, allowing you to customize the size and design of your dream home to suit your tastes and needs. It's the perfect place to create the luxury estate you've always envisioned.Don't miss the chance to own this spectacular property in one of LA's most desirable neighborhoods.

Nearby schools

8/10
Lanai Road Elementary School
Public,•K-5•1.2mi
9/10
Roscomare Road Elementary School
Public,•K-5•1.5mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.8mi
5/10
Lemay Street Elementary School
Public,•K-5•4.5mi
6/10
Newcastle Elementary School
Public,•K-5•4.5mi
6/10
Lemay Street Elementary School
Public,•K-5•4.5mi
5/10
Brentwood Science School
Public,•K-5•5.8mi
2/10
Van Nuys Middle School
Public,•6-8•3.1mi
6/10
Gaspar De Portola Middle School
Public,•6-8•4.0mi
5/10
William Mulholland Middle School
Public,•6-8•4.1mi
3/10
William Mulholland Middle School
Public,•6-8•4.4mi
6/10
Van Nuys Senior High School
Public,•9-12•4.2mi
4/10
Reseda Senior High School
Public,•9-12•4.7mi
6/10
University Senior High School
Public,•9-12•6.2mi
6/10
University Senior High School Charter
Public,•9-12•6.2mi
Condition Rating
Tear down
The property was built in 1964, making it 60 years old. The listing description explicitly markets the property as a 'perfect canvas for your dream home' and highlights the 'opportunity to build' and 'customize the size and design of your dream home,' strongly implying the existing structure is not the primary value. The property analysis further states, 'the existing structure likely requires demolition.' Interior images confirm a severely outdated and worn condition, consistent with a lack of major renovations in decades. The value is clearly in the expansive lot and its redevelopment potential, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Roscomare Road Elementary School (9/10).
Prime Location: Located in the coveted Encino Hills, this property offers an address in one of LA's most desirable neighborhoods.
Expansive, Build-Ready Lot: A rare, expansive 17,000+ sq ft corner lot with largely flat terrain provides an ideal and flexible canvas for new construction.
Existing High-Value Outdoor Amenities: The property includes a stunning, well-constructed gazebo and a luxurious pool valued at nearly $500K, offering significant existing outdoor living value.
Customization Potential: This lot presents a unique opportunity to customize the size and design of a dream home or luxury estate to exact specifications.
Scenic Views: The property boasts desirable 'Hills, Mountain(s)' views, enhancing its aesthetic appeal and potential for a high-end custom build.

Cons

Significant Price Discrepancy: The list price of $2.395M is substantially higher than the property's estimated value of $1.33M, indicating potential overpricing or a need for strong justification of the asking price.
Extensive Development Required: As a lot for building, buyers must undertake the considerable time, cost, and complexity associated with designing and constructing a new home from the ground up.
Potential for Demolition & Permitting Hurdles: Given the 1964 year built and the description as a 'canvas,' the existing structure likely requires demolition, adding costs and potential complexities with local permitting and regulations for new construction.

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