5325 Newcastle Avenue 338, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5325 Newcastle Avenue 338, Encino, California 91316 home-pic-0
ACTIVE$509,000
5325 Newcastle Avenue 338, Encino, California 91316
2Beds
2Baths
1,145Sqft
103,178Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Encino Location: Excellent accessibility to 101/405 freeways and walkability to Ventura Blvd's shops, restaurants, and cafes, offering a blend of peace and urban convenience.
Top Cons:
High Monthly HOA Dues: The $609/month HOA fee, while inclusive of water, gas, and landscaping, represents a substantial ongoing cost that buyers must factor into their budget.

Compared to the nearby listings

Price:$509.0K vs avg $480.0K (+$29,000)56%
Size:1,145 sqft vs avg 1,140 sqft50%
Price/sqft:$445 vs avg $40575%

More Insights

Built in 1971 (54 years old).
Condition: Built in 1971, this condo has undergone significant updates, making it move-in ready. The kitchen features modern stainless steel appliances and sleek granite countertops, aligning with contemporary standards. Hardwood laminate flooring is consistent throughout the main living areas and bedrooms, and the property benefits from fresh paint and recessed lighting. While the bathrooms are clean and functional with updated vanities, some fixtures appear to be slightly older, preventing an 'excellent' rating. Overall, the property is well-maintained with no immediate renovations required, fitting the 'good' condition criteria.
Year Built
1971
Close
-
List price
$509K
Original List price
$535K
Price/Sqft
$445
HOA
$609
Days on market
-
Sold On
-
MLS number
25518931
Home ConditionGood
Features
Good View: Courtyard
Deck
Pool
ViewCourtyard

About this home

Charming Top-Floor 2-Story, 2-Bedroom, 2-Bathroom Condo in Exclusive Gated Encino Community. This inviting, top-floor, two-story condo is nestled in a tranquil resort-style complex, offering a serene retreat with all the conveniences of modern living. With soaring ceilings and a bright, airy atmosphere, this unit feels spacious and open. Located just minutes from the 101 and 405 freeways and a short stroll to Ventura Blvd. where you'll find an abundance of shops, restaurants, and cafes, it's the perfect balance of peace and accessibility. Step into the expansive living room, featuring a cozy fireplace and direct access to your private balcony, where you can unwind and enjoy views of the beautifully landscaped courtyard. A peaceful shade tree near your unit enhances the natural serenity.The updated kitchen boasts sleek granite countertops and is equipped with stainless steel appliances, including a gas stove, microwave, dishwasher, and fridge perfect for home chefs. Upstairs, the versatile loft offers a fantastic flex space with endless possibilities whether you need a home office, creative studio, or cozy reading nook. It also features its own roomy outdoor deck, ideal for relaxing or entertaining while enjoying the fresh air. The unit comes with two AC units, ensuring comfort throughout the year, while the underground parking provides easy, secure access with two assigned spaces.Enjoy the incredible amenities offered by the complex, including a refreshing pool, well equipped gym, and a fun-filled rec room complete with a pool table and foosball table. For outdoor relaxation, there's a community BBQ area perfect for gatherings. HOA dues also include water, gas, landscaping and are $609/month. Additionally, a short drive away is the stunning Topanga State Park, ideal for outdoor enthusiasts looking for open-air activities and breathtaking views. Make this Encino gem your new home!

Nearby schools

6/10
Gaspar De Portola Middle School
Public,6-80.9mi
4/10
Reseda Senior High School
Public,9-121.6mi
Condition Rating
Good

Built in 1971, this condo has undergone significant updates, making it move-in ready. The kitchen features modern stainless steel appliances and sleek granite countertops, aligning with contemporary standards. Hardwood laminate flooring is consistent throughout the main living areas and bedrooms, and the property benefits from fresh paint and recessed lighting. While the bathrooms are clean and functional with updated vanities, some fixtures appear to be slightly older, preventing an 'excellent' rating. Overall, the property is well-maintained with no immediate renovations required, fitting the 'good' condition criteria.
Pros & Cons

Pros

Prime Encino Location: Excellent accessibility to 101/405 freeways and walkability to Ventura Blvd's shops, restaurants, and cafes, offering a blend of peace and urban convenience.
Resort-Style Community Amenities: The gated complex provides a refreshing pool, well-equipped gym, fun-filled rec room, and community BBQ area, enhancing the resident lifestyle.
Unique Two-Story Layout with Flex Space: This top-floor unit features soaring ceilings, a versatile loft with its own roomy outdoor deck, and a private balcony, offering spaciousness and adaptable living areas.
Updated Kitchen & Modern Comforts: The kitchen boasts sleek granite countertops and stainless steel appliances, complemented by two AC units for year-round comfort and a cozy fireplace.
Secure & Ample Parking: The property includes two assigned underground parking spaces, providing convenient and secure access for residents.

Cons

High Monthly HOA Dues: The $609/month HOA fee, while inclusive of water, gas, and landscaping, represents a substantial ongoing cost that buyers must factor into their budget.
Building Age: Constructed in 1971, the property is over 50 years old, which may lead to concerns about aging infrastructure, potential for future special assessments, or dated common area aesthetics.
Modest Square Footage & Price Adjustment: At 1145 sqft, the unit's size might be considered modest for a two-story layout, and the recent price reduction from $535,000 to $509,000 could indicate market resistance or initial overpricing.

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