5414 Newcastle Avenue 49, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5414 Newcastle Avenue 49, Encino, California 91316 home-pic-0
ACTIVE$392,950
5414 Newcastle Avenue 49, Encino, California 91316
2Beds
2Baths
859Sqft
60,967Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location & Convenience: Strategically located near Ventura Boulevard, offering easy access to essential amenities like Trader Joe's, Ralphs, diverse dining, and shopping, all within a secure, gated community.
Top Cons:
Substantial Monthly Association Fee: The association fee of $629.99 is considerably high, potentially impacting monthly housing costs and buyer affordability.

Compared to the nearby listings

Price:$392.9K vs avg $462.5K ($-69,550)34%
Size:859 sqft vs avg 1,129.5 sqft24%
Price/sqft:$457 vs avg $40581%

More Insights

Built in 1967 (58 years old).
Condition: Built in 1967, this property has received several functional updates including newer stainless steel appliances, a newer electrical panel, water heater, dual-pane windows, and central heating/AC. It is freshly painted and has hardwood-like flooring in main areas. However, the kitchen features original-style wood cabinets and dated white tile countertops, and both bathrooms are significantly outdated in style with older vanities and tile. The light fixtures and popcorn ceilings also contribute to an aged aesthetic. While major systems are functional and some are new, the property requires substantial cosmetic updates in the kitchen and bathrooms to meet modern standards, aligning with the 'fair' condition criteria of being aged but maintained with functional components showing signs of being outdated.
Year Built
1967
Close
-
List price
$393K
Original List price
$393K
Price/Sqft
$457
HOA
$629.99
Days on market
-
Sold On
-
MLS number
SR25100522
Home ConditionFair
Features
Pool
Spa
ViewPool

About this home

SPECIAL FINANCING AVAILABLE WITH 3% DOWN - WHY RENT WHEN YOU CAN OWN - Presenting a top-floor 2-bedroom condominium situated in the heart of Encino. This property features an unique split-level layout that offers a refined sense of space and separation. The main level encompasses a spacious primary bedroom, full bathroom, kitchen, large dining and living room area, and balcony. The charm of the second bedroom loft area, which contains an ensuite half bath and spacious closet, is perfect for a home office, den or guest space. The generously sized kitchen is equipped with ample cabinetry, newer stainless steel appliances, and additional electrical outlets to support various kitchen devices. Featuring central heating and air conditioning, this unit is freshly painted, benefits from abundant natural light, and includes a newer electrical panel, water heater, dual-pane windows, and patio door. Complex amenities include an elevator, pool, spa, separate men's and women's saunas, fitness center, BBQ area, serene courtyard, and a covered parking space with a substantial overhead storage cabinet. Located within a gated community, it is conveniently positioned near Ventura Boulevard and everyday amenities such as Trader Joe’s, Ralphs, houses of worship, numerous restaurants, and shopping venues. With no neighbors above and overlooking the interior courtyard, this home provides a quiet and peaceful environment. Come see this today!

Condition Rating
Fair

Built in 1967, this property has received several functional updates including newer stainless steel appliances, a newer electrical panel, water heater, dual-pane windows, and central heating/AC. It is freshly painted and has hardwood-like flooring in main areas. However, the kitchen features original-style wood cabinets and dated white tile countertops, and both bathrooms are significantly outdated in style with older vanities and tile. The light fixtures and popcorn ceilings also contribute to an aged aesthetic. While major systems are functional and some are new, the property requires substantial cosmetic updates in the kitchen and bathrooms to meet modern standards, aligning with the 'fair' condition criteria of being aged but maintained with functional components showing signs of being outdated.
Pros & Cons

Pros

Exceptional Location & Convenience: Strategically located near Ventura Boulevard, offering easy access to essential amenities like Trader Joe's, Ralphs, diverse dining, and shopping, all within a secure, gated community.
Comprehensive Community Amenities: Residents benefit from a wide array of on-site facilities including an elevator, pool, spa, saunas, fitness center, BBQ area, and a serene courtyard.
Significant Recent Upgrades: The unit boasts central heating and air conditioning, a newer electrical panel, water heater, dual-pane windows, patio door, and fresh paint, reducing immediate maintenance concerns.
Unique Top-Floor & Quiet Setting: Positioned on the top floor with no overhead neighbors, featuring a distinctive split-level layout, and overlooking a peaceful interior courtyard, ensuring a quiet and private living experience.
Attractive Financial Offer & Updated Kitchen: Special financing with 3% down enhances accessibility, complemented by a generously sized kitchen equipped with newer stainless steel appliances and ample storage.

Cons

Substantial Monthly Association Fee: The association fee of $629.99 is considerably high, potentially impacting monthly housing costs and buyer affordability.
Modest Square Footage: With 859 square feet, the unit offers a compact living space, which may not suit buyers desiring larger rooms or more expansive areas.
Loft-Style Second Bedroom: The second bedroom's loft design, while versatile, may present privacy challenges or be less appealing to those preferring a traditional, fully enclosed bedroom.

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