5460 White Oak Avenue D309, Encino, California 91316, Encino, 91316 - 1 bed, 2 bath
ACTIVE$275,000
5460 White Oak Avenue D309, Encino, California 91316
1Bed
2Baths
712Sqft
406,432Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Assumable FHA Loan: Offers a significant financial advantage with a low 3.875% interest rate on a substantial portion of the loan ($215,000), providing major savings for qualified buyers in the current market.
Top Cons:
High Monthly Association Fee: The association fee of $710.98 per month is substantial and adds significantly to the overall monthly housing cost, potentially impacting affordability.
Compared to the nearby listings
Price:$275.0K vs avg $462.5K ($-187,500)21%
Size:712 sqft vs avg 1,129.5 sqft13%
Price/sqft:$386 vs avg $40343%
More Insights
Built in 1971 (54 years old).
Condition: The property, despite being built in 1971, has been 'totally remodeled' and 'beautifully updated' as stated in the description. The images confirm a comprehensive and recent renovation, particularly in the kitchen which features modern grey cabinetry, quartz countertops, mosaic backsplash, and newer black stainless steel appliances. Modern laminate flooring is consistent throughout the living areas and loft bedroom, and the walls appear freshly painted. The bathroom also shows updated fixtures. The overall aesthetic is contemporary and move-in ready, meeting current quality standards with virtually new components.
Year Built
1971
Close
-
List price
$275K
Original List price
$278K
Price/Sqft
$386
HOA
$710.98
Days on market
-
Sold On
-
MLS number
25533521
Home ConditionExcellent
Features
Deck
Pool
Spa
ViewCourtyard
About this home
3,875 % FHA ASSUMABLDE LOAN OF ABOUT $215,000... MAJOR SAVING FOR THE BUYERS.... Beautifully updated top floor unit with open loft bedroom suite. Turnkey, totally remodeled in a resort like complex with 3 tennis courts, pool, 24-hour security. In prime Encino area, with easy access to Ventura Blvd and the 101 freeway, 2 parking spaces. Assumable FHA loan @3.875% interest rate of about $215,000 (26 years remaining) to extremely well qualified buyer. A GREAT PLACE TO CALL HOME.
Condition Rating
Excellent
The property, despite being built in 1971, has been 'totally remodeled' and 'beautifully updated' as stated in the description. The images confirm a comprehensive and recent renovation, particularly in the kitchen which features modern grey cabinetry, quartz countertops, mosaic backsplash, and newer black stainless steel appliances. Modern laminate flooring is consistent throughout the living areas and loft bedroom, and the walls appear freshly painted. The bathroom also shows updated fixtures. The overall aesthetic is contemporary and move-in ready, meeting current quality standards with virtually new components.
Pros & Cons
Pros
Assumable FHA Loan: Offers a significant financial advantage with a low 3.875% interest rate on a substantial portion of the loan ($215,000), providing major savings for qualified buyers in the current market.
Turnkey & Fully Remodeled: The unit is beautifully updated and totally remodeled, presenting a move-in ready condition that saves buyers time and renovation expenses.
Resort-Style Complex Amenities: Residents benefit from a resort-like complex featuring 3 tennis courts, a pool, and 24-hour security, enhancing lifestyle and property value.
Prime Encino Location & Accessibility: Situated in a desirable Encino area with excellent accessibility to Ventura Blvd and the 101 freeway, offering convenience for commuting and access to local attractions.
Top Floor Unit with Loft & Dedicated Parking: As a top-floor unit, it offers enhanced privacy and an open loft bedroom suite, complemented by the practical benefit of two dedicated parking spaces.
Cons
High Monthly Association Fee: The association fee of $710.98 per month is substantial and adds significantly to the overall monthly housing cost, potentially impacting affordability.
Compact Square Footage: With 712 square feet, the unit offers limited living space, which may not appeal to buyers seeking more expansive accommodations.
Building Age: Constructed in 1971, the complex is over five decades old. While the unit is remodeled, the age of the overall building could imply potential for future maintenance assessments or infrastructure updates.