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7444 Ostrom Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 4 bed, 3 bath

7444 Ostrom Avenue, Lake Balboa, California 91406 home-pic-0
ACTIVE$1,099,000
7444 Ostrom Avenue, Lake Balboa, California 91406
4Beds
3Baths
1,546Sqft
6,251Lot
Year Built
1950
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$711
HOA
-
Days on market
-
Sold On
-
MLS number
25525971
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 38% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.10M(85th), sqft - 1546(53th), beds - 4(73th), baths - 3(77th).

Completely Remodeled Beauty in Prime Lake Balboa! Welcome to your dream home! This stunningly remodeled 4-bedroom, 3-bathroom residence is located on a beautiful, street in the highly desirable Lake Balboa neighborhood. From top to bottom, no detail has been overlooked this home is the perfect blend of modern elegance and everyday comfort. Step inside to find a bright and open floor plan with recessed lighting, laminated flooring, and a cozy fireplace with a custom mantle that creates the perfect gathering spot in the spacious living room. The kitchen is a true highlight, featuring stainless steel appliances, nice cabinetry, quartz countertops. All bathrooms have been tastefully updated with modern fixtures. Enjoy beautifully landscaped front yard and a backyard perfect for relaxing or hosting friends and family. This home is located close to parks, shopping and dining. Don't miss this opportunity to own a turnkey home in one of the Valley's most sought-after neighborhoods.

Nearby schools

3/10
Anatola Avenue Elementary School
Public,•K-5•0.4mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.4mi
7/10
Stagg Street Elementary School
Public,•K-5•0.5mi
3/10
Gault Street Elementary School
Public,•K-5•0.5mi
3/10
Gault Street Elementary School
Public,•K-5•0.6mi
6/10
Lorne Street Elementary School
Public,•K-5•0.8mi
6/10
Lemay Street Elementary School
Public,•K-5•1.0mi
5/10
Lemay Street Elementary School
Public,•K-5•1.0mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.1mi
5/10
Cantara Street Elementary School
Public,•K-5•1.3mi
3/10
Bassett Street Elementary School
Public,•PK-5•1.9mi
4/10
Bassett Street Elementary School
Public,•K-5•1.9mi
4/10
Sylvan Park Elementary School
Public,•K-5•3.0mi
9/10
Kester Avenue Elementary School
Public,•K-5•3.9mi
3/10
William Mulholland Middle School
Public,•6-8•0.9mi
5/10
William Mulholland Middle School
Public,•6-8•1.1mi
3/10
Northridge Middle School
Public,•6-8•1.6mi
2/10
Van Nuys Middle School
Public,•6-8•4.1mi
4/10
Reseda Senior High School
Public,•9-12•1.7mi
7/10
Northridge Academy High
Public,•9-12•2.8mi
6/10
Van Nuys Senior High School
Public,•9-12•3.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.7mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.8mi
Condition Rating
Excellent
Despite being built in 1950, this property has undergone a 'Completely Remodeled' transformation, as stated in the description and evident in the images. The kitchen features new white shaker cabinetry, modern black hardware, quartz countertops with stylish veining, stainless steel appliances (including a range with a pot filler and a modern hood), all indicating a very recent and high-quality renovation. Bathrooms are described as 'tastefully updated with modern fixtures.' Throughout the home, there is new laminate flooring, recessed lighting, and a fresh, contemporary aesthetic, suggesting all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Extensive Remodel & Turnkey Condition: The property has been 'Completely Remodeled from top to bottom,' offering a 'stunningly remodeled' residence that is presented as a 'turnkey home,' minimizing immediate buyer expenses for renovations.
Modern Interior Finishes: Features a 'bright and open floor plan' with 'recessed lighting,' 'laminated flooring,' a 'cozy fireplace with a custom mantle,' a kitchen with 'stainless steel appliances, nice cabinetry, quartz countertops,' and 'tastefully updated bathrooms with modern fixtures.'
Desirable Location: Situated on a 'beautiful street in the highly desirable Lake Balboa neighborhood,' and conveniently 'close to parks, shopping and dining,' enhancing its appeal and lifestyle.
Functional Outdoor Spaces: Includes a 'beautifully landscaped front yard and a backyard perfect for relaxing or hosting friends and family,' adding significant value for outdoor living.
Optimal Bedroom/Bathroom Count: With 4 bedrooms and 3 bathrooms, the property offers a versatile and accommodating layout suitable for families or those needing extra space.

Cons

Significant Valuation Discrepancy: The listing price of $1,099,000 is substantially higher than the estimated property value of $672,801, indicating a potential overpricing of 38% which could deter buyers or lead to prolonged market time.
Age of Original Structure: Built in 1950, the underlying structure is over 70 years old. While extensively remodeled, potential buyers may have concerns about the original foundation, unseen plumbing, or electrical systems if not explicitly stated as fully upgraded.
Lack of Explicit HVAC Details: The description does not explicitly mention the presence of a central air conditioning system, which is a crucial comfort feature in the California climate and a common expectation for a 'completely remodeled' home.

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