5440 Ethel Avenue, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 5 bed, 3 bath

5440 Ethel Avenue, Sherman Oaks, California 91401 home-pic-0
ACTIVE$1,875,000
5440 Ethel Avenue, Sherman Oaks, California 91401
5Beds
3Baths
2,515Sqft
7,188Lot
Year Built
1958
Close
-
List price
$1.88M
Original List price
$2M
Price/Sqft
$746
HOA
-
Days on market
-
Sold On
-
MLS number
SR25033448
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.88M(83th), sqft - 2515(78th), beds - 5(83th), baths - 3(50th).

Exquisite customized gated Mediterranean home in the beautiful residential neighborhood of Sherman Oaks. This completely remodeled home features 5 bedrooms and 3 bathrooms with vaulted ceilings in the spacious living room and two fireplaces. The large dining room has a large electric skylight that adds natural light, not to mention the beautiful flooring of hardwood and stone tiles, ceiling fans & recessed lighting throughout. All the bathrooms have been tastefully redone, and the large primary suite has a grand walk-in closet with a door leading to the back patio. The gourmet chef’s kitchen has everything you need with high end appliances that includes a Thermador double oven, built-in 48" refrigerator, a 48" Range top with a stainless hood, plenty of custom cabinets everywhere, large granite kitchen countertops and a breakfast area. The converted garage has been finished with beautiful floors and storage cabinets and can be used as an office or playroom. A zen-like backyard that includes a large covered patio perfect for entertaining outdoors, a play area, manicured lawn, a pond & plenty of greenery & fruit trees. Desirable area close to shopping centers, restaurants and houses of worship.

Condition Rating
Good

This property has undergone an extensive and high-quality renovation, as evidenced by the 'completely remodeled' description, high-end Thermador kitchen appliances, custom cabinetry, granite countertops, and tastefully redone bathrooms with modern fixtures and tiling. The hardwood and stone tile flooring, recessed lighting, and ceiling fans throughout contribute to a move-in ready condition. However, the home was originally built in 1958, and while extensively updated, the style of the kitchen cabinets and granite, though high-end, suggests a renovation that might be closer to 5-15 years ago rather than within the last 5 years. A significant factor preventing an 'Excellent' score is the absence of any mention of a central cooling system in the detailed description, which is a standard expectation for a fully remodeled home in California.
Pros & Cons

Pros

Extensive Remodel & High-End Finishes: The home has been completely remodeled with beautiful hardwood and stone tile flooring, ceiling fans, recessed lighting, and tastefully redone bathrooms, offering a modern and luxurious living experience.
Gourmet Chef's Kitchen: Features a high-end gourmet kitchen equipped with Thermador double oven, built-in 48" refrigerator, 48" range top with stainless hood, custom cabinets, and large granite countertops, ideal for culinary enthusiasts.
Versatile Converted Garage: The garage has been finished with quality floors and storage, providing flexible space that can serve as an office or playroom, adding significant utility to the property.
Luxurious Primary Suite: The large primary suite boasts a grand walk-in closet and direct access to the back patio, enhancing comfort and convenience.
Zen-like Backyard & Outdoor Amenities: The property offers a serene backyard with a large covered patio for entertaining, a play area, manicured lawn, a pond, and various greenery and fruit trees, creating a private oasis.

Cons

Significant Overpricing: The current list price of $1,875,000 is substantially higher than the estimated property value of approximately $1,178,798, indicating a potential overvaluation that may hinder marketability.
Absence of Cooling System Mention: The detailed description highlights many amenities but does not mention a cooling system (e.g., central AC), which could be a significant concern for comfort during hot California summers.
No Notable Views: The property explicitly states 'None' for views, which might be a drawback for buyers seeking scenic surroundings, especially given the property's price point and location.

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