3223 Fond Drive, Encino, California 91436, Encino, 91436 - 5 bed, 4 bath
ACTIVE$2,099,000
3223 Fond Drive, Encino, California 91436
5Beds
4Baths
Sqft
17,136Lot
Year Built
1964
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25541493
Home ConditionTear down
Features
Good View: Hills, Mountain(s)
Pool
Patio
ViewHills, Mountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $2.10M(43th), sqft - 0(1th), 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 vacant 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 in Los Angeles area. PROPERTY MUST SELL!
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 MLS description explicitly states this is a 'vacant lot' and a 'canvas for your dream home,' indicating there is no existing residential structure to assess. The images provided are architectural renderings of a proposed new build, not photos of an existing house. Therefore, there are no kitchen, bathroom, flooring, or other interior components to evaluate. As a residential property, it is 'unlivable in its current condition' because there is no dwelling. The property's value is based solely on the land and its potential for redevelopment, which aligns with the 'tear-down' criteria. The 'year_built: 1964' likely refers to a previous structure that has since been demolished.
Pros & Cons
Pros
Prime Location: Located in the coveted Encino Hills, this property is situated in one of Los Angeles's most desirable neighborhoods, offering prestige and potential for high appreciation.
Exceptional Lot Size & Usability: The expansive 17,000+ sq ft corner lot boasts a largely flat terrain, providing an ideal and versatile canvas for constructing a large custom estate.
High-Value Existing Amenities: The property includes a stunning, well-constructed gazebo and a luxurious pool valued at nearly $500K, offering significant existing value and a head start on outdoor living spaces.
Unparalleled Customization Opportunity: As a vacant lot, it presents a unique opportunity for a buyer to customize the size and design of their dream home to their exact tastes and needs, creating a truly bespoke luxury estate.
Strong Value Proposition: Marketed as an 'incredible value under market price' with the urgency of 'PROPERTY MUST SELL!', it suggests a compelling investment opportunity for a discerning buyer.
Cons
Substantial Construction Investment Required: As a vacant lot, the purchase price is only the beginning; buyers must factor in significant additional costs and time for the complete construction of a new custom home.
Complex Building Process: Building a custom home, particularly in a hillside area, can involve navigating complex permitting processes, local regulations, and potential construction delays.
Integration of Existing Structures: While valuable, the existing pool and gazebo might dictate or constrain certain architectural designs or layouts for the new home, potentially requiring costly modifications if they don't align with the buyer's specific vision.