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5451 Newcastle Lane, Calabasas, California 91302, Calabasas, 91302 - 6 bed, 6 bath

5451 Newcastle Lane, Calabasas, California 91302 home-pic-0
ACTIVE$4,990,000
5451 Newcastle Lane, Calabasas, California 91302
6Beds
6Baths
6,158Sqft
15,514Lot
Year Built
1990
Close
-
List price
$4.99M
Original List price
$4.99M
Price/Sqft
$810
HOA
$517
Days on market
-
Sold On
-
MLS number
SR25058928
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
Pool
Spa
Patio
ViewCity Lights,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $4.99M(88th), sqft - 6158(89th), beds - 6(90th), baths - 6(78th).

Recently remodeled Guard gated with beautiful water fall in entrance “Mountain View Estates”-- Featuring one bedroom suite and powder room down, five bedrooms four bathrooms on the upper level. All new engineer hard wood floors downstairs, new carpet upstairs and new bathrooms with marble floors upstairs. Formal living room facing front courtyard with coffered ceiling. Giant family room, formal dining room and kitchen/breakfast dining area look out at the gorgeous pool and spa. Spacious and open kitchen includes wood cabinetry, quartz countertops, eat in island, built in/custom panel Sub-Zero refrigerator, two double oven sets, dual range stovetop w/built in indoor grill. Tennis court, hiking trails in the community. Award winning LVUSD schools and plenty of curb appeal. A MUST SEE!

Nearby schools

7/10
Lupin Hill Elementary School
Public,•K-5•0.9mi
8/10
Round Meadow Elementary School
Public,•K-5•1.0mi
7/10
Arthur E. Wright Middle School
Public,•6-8•2.2mi
8/10
Calabasas High School
Public,•9-12•3.7mi
10/10
Oak Park High School
Public,•9-12•5.0mi
Condition Rating
Excellent
Despite being built in 1990, this property has undergone a comprehensive and high-quality recent remodel, as explicitly stated in the description and evidenced by the images. The kitchen features modern wood cabinetry, quartz countertops, a large island, and high-end built-in Sub-Zero refrigerator, dual ovens, and a dual range stovetop with an indoor grill. All bathrooms have been updated with new marble floors, modern fixtures, and luxurious elements like a freestanding tub and large glass showers. New engineered hardwood floors downstairs and new carpet upstairs, along with contemporary light fixtures, contribute to an overall virtually new and modern aesthetic, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Great Schools: High School: Oak Park High School (10/10).
Extensive Recent Remodel: The property has undergone a recent remodel, featuring new engineered hardwood floors, new carpets, updated bathrooms with marble floors, and a high-end kitchen with quartz countertops, an eat-in island, Sub-Zero refrigerator, and dual ovens/stovetop.
Exclusive Guard-Gated Community: Located within the prestigious 'Mountain View Estates,' a guard-gated community offering enhanced security, a beautiful entrance with a waterfall, and exclusive amenities like tennis courts and hiking trails.
Generous Layout & Bedroom Configuration: Boasts a spacious floor plan with 6 bedrooms and 6 bathrooms, including a convenient downstairs bedroom suite and powder room, catering to multi-generational living or guest accommodation.
Private Outdoor Oasis: Features a gorgeous pool and spa, providing a private and luxurious outdoor space for relaxation and entertaining.
Top-Rated School District & Views: Situated in the highly desirable Calabasas area, served by award-winning Las Virgenes Unified School District (LVUSD), and offers desirable city lights and mountain views.

Cons

Significant Overpricing Indication: The current listing price of $4.99M is considerably higher than the estimated property value of $3.617M, suggesting it may be overpriced compared to market benchmarks.
Potential for Older Core Systems: Despite recent cosmetic remodels, the property was built in 1990, implying that core systems (e.g., plumbing, electrical, HVAC) may be original or not fully updated, potentially requiring future investment.
High Monthly Association Fees: A monthly association fee of $517.0 adds a substantial recurring cost to homeownership, which could be a deterrent for some buyers.

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