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4501 Grimes Place, Encino, California 91316, Encino, 91316 - 3 bed, 4 bath

4501 Grimes Place, Encino, California 91316 home-pic-0
ACTIVE$2,295,000
4501 Grimes Place, Encino, California 91316
3Beds
4Baths
3,159Sqft
24,427Lot

Price Vs. Estimate

The estimated value ($1,548,751.07) is $746,248.93 (32%) lower than the list price ($2,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24427, living area = 3159.
Top Cons:
Age of Original Construction: Built in 1959, despite recent upgrades, the underlying structure's age may still present potential long-term maintenance considerations or require further inspection for systems not explicitly mentioned as upgraded.

Compared to the nearby listings

Price:$2.29M vs avg $1.47M (+$830,000)70%
Size:3,159 sqft vs avg 2,250 sqft69%
Price/sqft:$726 vs avg $74345%

More Insights

Built in 1959 (66 years old).
Condition: Despite being built in 1959, the property has undergone extensive and high-quality recent renovations, as indicated by the listing description and confirmed by the images. The 'chef’s kitchen' features modern white shaker cabinets, luxurious granite countertops, an oversized island, and high-end stainless steel appliances, all appearing virtually new. The bathrooms are also fully updated with modern vanities, fixtures, contemporary tiling, and a freestanding tub in the primary suite. Throughout the home, there are new hardwood floors, recessed lighting, and fresh paint. The description explicitly mentions 'numerous recent upgrades including HVAC System, Driveway, Paint, Windows, Doors, and Built-Ins,' aligning perfectly with the 'extensively renovated within 5 years' criteria for an excellent score.
Year Built
1959
Close
-
List price
$2.29M
Original List price
$2.29M
Price/Sqft
$726
HOA
-
Days on market
-
Sold On
-
MLS number
SR25089510
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Mountain(s), Neighborhood, Panoramic
Deck
Pool
ViewCity Lights,Canyon,Mountain(s),Neighborhood,Panoramic

About this home

Welcome to 4501 Grimes Place, a captivating estate located South of Ventura Blvd! This exquisite 3 bedroom, 4 bathroom estate offers the perfect blend of comfort, sophistication, elegance, and luxury. Set in the desirable neighborhood of Encino and positioned on a peaceful hillside, the property features breathtaking views and is an entertainer's paradise. With 3159 sqft displaying top tier quality and workmanship throughout, the property features high ceilings, a spacious living room, great room, formal dining for large family gatherings, multiple fireplaces, and french doors throughout that lead to numerous expansive decks overlooking the entire City! The chef’s kitchen features an oversized stone island and luxury appliances. Entertainer’s backyard featuring a pool and numerous deck that wrap the entire estate. An elegant primary suite with walk-in closet, dual vanities, and oversized balcony overlooks the City. The property features numerous recent upgrades including HVAC System, Driveway, Paint, Windows, Doors, and Built-Ins. You get the perfect blend of Luxury, Comfort, Privacy and Sophistication in this iconic estate!

Condition Rating
Excellent
Despite being built in 1959, the property has undergone extensive and high-quality recent renovations, as indicated by the listing description and confirmed by the images. The 'chef’s kitchen' features modern white shaker cabinets, luxurious granite countertops, an oversized island, and high-end stainless steel appliances, all appearing virtually new. The bathrooms are also fully updated with modern vanities, fixtures, contemporary tiling, and a freestanding tub in the primary suite. Throughout the home, there are new hardwood floors, recessed lighting, and fresh paint. The description explicitly mentions 'numerous recent upgrades including HVAC System, Driveway, Paint, Windows, Doors, and Built-Ins,' aligning perfectly with the 'extensively renovated within 5 years' criteria for an excellent score.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24427, living area = 3159.
Breathtaking Panoramic Views: The property offers stunning panoramic views of City Lights, Canyons, Mountains, and the Neighborhood from its peaceful hillside position, significantly enhancing its appeal and value.
Desirable Location: Situated South of Ventura Blvd in a desirable Encino neighborhood, the estate benefits from a prime, peaceful hillside setting.
Entertainer's Paradise: The estate is designed for entertaining, featuring a chef's kitchen with luxury appliances, a spacious great room, formal dining, and an expansive backyard with a pool and numerous decks wrapping the entire property.
Extensive Recent Upgrades: The property boasts numerous recent upgrades including the HVAC System, Driveway, Paint, Windows, Doors, and Built-Ins, ensuring modern comfort and reduced immediate maintenance for a new owner.
Luxurious & Well-Appointed Interiors: Displaying top-tier quality and workmanship, the interiors feature high ceilings, multiple fireplaces, French doors, an oversized stone island in the kitchen, and an elegant primary suite with a walk-in closet and oversized balcony.

Cons

Age of Original Construction: Built in 1959, despite recent upgrades, the underlying structure's age may still present potential long-term maintenance considerations or require further inspection for systems not explicitly mentioned as upgraded.
Limited Bedroom Count for Square Footage: With 3159 sqft, the property offers only 3 bedrooms, which might be a limiting factor for larger families or buyers seeking more dedicated rooms (e.g., home office, gym, guest suites) compared to other properties of similar size.
High Maintenance Potential for Outdoor Features: The large 24,427 sqft lot, extensive pool, and numerous decks suggest significant ongoing maintenance requirements and costs for landscaping, pool care, and deck upkeep.

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