3223 Fond Drive, Encino, California 91436, Encino, 91436 - 5 bed, 4 bath
ACTIVE$2,295,000
3223 Fond Drive, Encino, California 91436
5Beds
4Baths
5,122Sqft
17,136Lot
Year Built
1964
Close
-
List price
$2.29M
Original List price
$2.29M
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
25522503
Home ConditionTear down
Features
Good View: Hills, Mountain(s)
Pool
Patio
ViewHills, Mountain(s)
About this home
Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.29M(50th), sqft - 5122(84th), beds - 5(67th), baths - 4(50th).
MAJOR PRICE REDUCTION - 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 listing explicitly markets the property as a 'perfect canvas for your dream home' and an 'opportunity to build,' focusing solely on the expansive lot, existing gazebo, and pool. There are no interior images provided, and the description strongly implies that the value lies in the land for redevelopment, not the existing 1964-built structure. This aligns with the criteria for a 'tear-down' property where the structure is beyond repair and its value is based on the land.
Pros & Cons
Pros
Great Schools: Elementary School: Roscomare Road Elementary School (9/10).
Expansive & Flat Corner Lot: The property boasts an expansive 17,000+ sq ft corner lot with largely flat terrain, providing an ideal and cost-effective foundation for new construction and offering significant design flexibility.
Prime Encino Hills Location: Located in the highly coveted Encino Hills, this address offers prestige, strong potential for appreciation, and access to one of LA's most desirable neighborhoods.
Existing High-Value Amenities: The presence of a stunning, well-constructed gazebo and a luxurious pool (valued at nearly $500K) provides significant existing outdoor living infrastructure, reducing initial development costs for a new build.
Custom Build Opportunity: The property is presented as a 'perfect canvas' for a dream home, offering a unique opportunity for buyers to customize and build a luxury estate to their exact specifications and tastes.
Scenic Views: The lot offers desirable Hills and Mountain(s) views, enhancing the property's aesthetic appeal and contributing to its overall market value.
Cons
Ambiguous Property Condition & Additional Investment: Despite listing beds/baths/sqft, the description emphasizes building a 'dream home' on a 'canvas,' implying the existing structure (if any) is a tear-down or requires extensive renovation, necessitating substantial additional construction costs beyond the purchase price.
Valuation Discrepancy: The current list price of $2.295M is significantly higher than the automated property estimation of $1.3M, which may indicate an aggressive pricing strategy or a disconnect with market comparables for undeveloped land, potentially affecting buyer perception and financing.
Limited Immediate Utility: As a development opportunity, the property is not move-in ready, requiring a lengthy and costly construction process before it can be fully utilized as a residence, which may not appeal to buyers seeking immediate occupancy.