4137 Mary Ellen Avenue, Studio City, California 91604, Studio City, 91604 - 4 bed, 6 bath

4137 Mary Ellen Avenue, Studio City, California 91604 home-pic-0
ACTIVE$7,888,000
4137 Mary Ellen Avenue, Studio City, California 91604
4Beds
6Baths
6,289Sqft
9,666Lot
Year Built
2022
Close
-
List price
$7.89M
Original List price
$8.99M
Price/Sqft
$1,254
HOA
-
Days on market
-
Sold On
-
MLS number
24433091
Home ConditionExcellent
Features
Deck
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $7.89M(97th), sqft - 6289(97th), beds - 4(50th), baths - 6(82th).

Situated on a tranquil, tree-lined street in Longridge Estates, this newly built masterpiece seamlessly blends architectural brilliance with natural beauty. The property includes artfully curated grounds and a detached full-service guest house. Square footage is as follows main house - 4,535/Upper floor open decks - 1,254 sf/ADU - +/- 500 sf. The interior features thoughtfully designed spaces with sanded limestone floors, oak-encased beams, and Apparatus Studio lighting. The living, dining, and kitchen areas are framed by expansive Euroline steel doors, while a fully-equipped prep kitchen supports large gatherings. A grand staircase with custom brass handrails leads to an upper landing with a 14-foot steel skylight and garden views. The primary bedroom boasts a barrel-vaulted clay ceiling and vintage lighting. Dual closets feature white oak cabinetry, custom hardware, and Sub-Zero refrigeration, while the luxurious primary bathroom includes Calacatta marble, an outdoor garden bathtub, and Samuel Heath fixtures. The stunning rear yard offers a black-bottom pool, infrared sauna, fire pit area, and ample space for relaxation. A large private den/bar area sits tucked in with a private courtyard great for entertaining. Timeless, elevated and family friendly home in one of Sherman Oaks best spots.

Condition Rating
Excellent

This property was newly built in 2022, making it just two years old. The description highlights high-end, modern features throughout, including sanded limestone floors, Apparatus Studio lighting, Euroline steel doors, a fully-equipped prep kitchen, and a luxurious primary bathroom with Calacatta marble and Samuel Heath fixtures. All components are new, meet current quality standards, and show no signs of depreciation, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2022, this property offers contemporary architecture, high-end finishes including sanded limestone floors, oak-encased beams, and expansive Euroline steel doors, ensuring a move-in ready, luxurious experience.
Detached Full-Service Guest House: The inclusion of a detached full-service guest house provides exceptional versatility for extended family, guests, a dedicated home office, or potential rental income, significantly enhancing the property's value and functionality.
Luxurious Outdoor Amenities: The stunning rear yard features a black-bottom pool, infrared sauna, fire pit area, and ample space for relaxation and entertaining, creating a private resort-like environment.
High-End Interior Appointments: The interior boasts a fully-equipped prep kitchen, a grand staircase with custom brass handrails, a primary suite with a barrel-vaulted clay ceiling, Sub-Zero refrigeration in closets, and a primary bathroom with Calacatta marble and an outdoor garden bathtub.
Desirable Neighborhood Location: Situated on a tranquil, tree-lined street within the coveted Longridge Estates, the property benefits from a prime Studio City location known for its quality of life and proximity to amenities.

Cons

Overpriced Relative to Market: The current listing price of $7.888M is 6% above the estimated value and significantly higher than a newer, similarly sized, and amenity-rich comparable property in the immediate vicinity, suggesting potential overvaluation.
Lack of Significant Views: The property explicitly states 'view: None,' which can be a notable drawback for a luxury home in this price bracket, especially when comparable properties in the area offer panoramic or mountain views.
Recent Price Reduction: The property has undergone a significant price reduction from its original list price of $8.995M, indicating previous market resistance and potentially signaling a need for further adjustment to align with buyer expectations.

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