NOT LISTED FOR SALE

16431 Otsego St Encino, CA 91436

Estimated Value: $3,788,000 - $5,534,000

6 Beds
6.5 Baths
5,010 Sq Ft
$890/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $4,375,000 $873 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $27,833/month

Highlights

  • Detached Guest House
  • Private Pool
  • City Lights View
  • New Construction
  • RV Access or Parking
  • No HOA

About This Home

As of October 2022

Reduced $300,000 for a quick sale!
You'll love this stunning Contemporary Modern Farmhouse located in one of the best streets of Encino. Imbued with telltale modern eclectic elements, this unique home features crisp white paint, earthy wood floors and bold wall coverings, creating a stylish balance of formal spaces and cozy living. The grand foyer and voluminous layout, makes this home the perfect gathering spot for Family and Friends. Perfectly designed open floor plan with 5 en-suite bedrooms (4 up, 1 down) with balcony, breakfast area, living room / family room, dining room, powder room, laundry room, office and luxurious theater. Spacious gourmet kitchen with center island, upscale stainless steel appliances, adjacent butler’s pantry with beverage center, and walk-in pantry. Entertainer’s yard with pool, spa, barbecue pavilion and a huge outdoor dining area under the trellis. ADU / cabana with its own AC wall unit, kitchen, dining area and full bathroom. Property also features: custom high-end light fixtures, quartz counter-tops, oak flooring, 2-zone HVAC, 2 fireplace, Control 4 home automation system and a solar system. Ideally located near Ventura Boulevard in the coveted Hesby-Oaks K-8 School District. Square footage includes approx. 4,570 SF in the main house plus 440 SF ADU for a total of 5,010 SF. Centrally located by the 101 and 405 freeways, Libbit dog park, shops, restaurants and houses of worship. This one is a must see. Now Offered at $4,599,000.

Last Agent to Sell the Property

zeev perez

Equity Union License #01932490 Listed on: 08/19/2022

Equity Union

Last Buyer's Agent

Robin Gaur

Compass License #01832992

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,897

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 10,220 Sq Ft Lot
  • Vinyl Fence
  • Wood Fence
  • Back Yard
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Oversized Parking
  • Electric Vehicle Home Charger
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Property Views

  • City Lights
  • Woods

Home Design

  • Turnkey
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 5,010 Sq Ft Home
  • 2-Story Property
  • Bar
  • Dry Bar
  • Beamed Ceilings
  • Ceiling Fan
  • Double Pane Windows
  • Window Screens
  • Formal Entry
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms

Home Security

  • Alarm System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Private Pool
  • Balcony
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Additional Features

  • Detached Guest House
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 13110
  • Assessor Parcel Number 2260002006
  • $337 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,897

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Zoning: LAR1
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2260002006
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 5010.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Ceiling Fan(s), Dry Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 873.25
  • Room Type: Entry, Family Room, Formal Entry
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Guest House Detached
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: City Lights, Trees/Woods
  • Fence: Yes
  • Fencing: Vinyl, Wood
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage, Garage Faces Front, Garage Door Opener, On Site, Oversized, Private, RV Access/Parking, RV Potential, Side by Side, Electric Vehicle Charging Station(s)
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 10220.00
  • Lot Size Acres: 0.2346

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10220.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1397.01
  • Tax Lot: 6
  • Tax Tract Number: 13110
  • TaxOtherAnnualAssessmentAmount: 337.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Oct 3, 2022
Sold by
Otsego Design Llc
Bought by
Cecilia Oliyai 2007 Declaration Of Trust and Oliyai
Seller's Agent
zeev perez
Equity Union
Buyer's Agent
Robin Gaur
Compass
List Price
$4,899,000
Sold Price
$4,375,000
Premium/Discount to List
-$524,000
-10.7%
Views
126
Current Estimated Value
$4,459,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,556
Avg. Annual Appreciation
0.64%
Original Mortgage
$2,843,750
Outstanding Balance
$2,688,582
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$1,770,974

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jul 8, 2020
Sold by
Tolia Rebecca
Bought by
Tolia Ashish
Seller's Agent
Ron Kelly
RE/MAX One
Buyer's Agent
Ron Kelly
RE/MAX One
List Price
$1,390,000
Sold Price
$1,407,500
Premium/Discount to List
$17,500
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.74%
Original Mortgage
$985,250
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jun 11, 2020
Sold by
Gordon Phil and Gordon Olivia
Bought by
Tolia Ashish and Mody Ajay
Seller's Agent
Ron Kelly
RE/MAX One
Buyer's Agent
Ron Kelly
RE/MAX One
List Price
$1,390,000
Sold Price
$1,407,500
Premium/Discount to List
$17,500
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$985,250
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2010
Sold by
Gordon Phil
Bought by
Gordon Phil and Gordon Olivia

Purchase Details

Closed on
Aug 30, 2010
Sold by
Gordon Phil
Bought by
Gordon Phil and Gordon Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2008
Sold by
Gordon Phil
Bought by
Gordon Phil and Gordon Olivia

Purchase Details

Closed on
Mar 15, 2006
Sold by
Kingston Jason Michael
Bought by
Gordon Phillip and Gordon Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2005
Sold by
Kingston Jason M
Bought by
Kingston Jason Michael and Kingston Camy Samantha

Purchase Details

Closed on
Apr 30, 2003
Sold by
Amiel Jack J
Bought by
Kingston Jason M and Kingston Camy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.84%

Purchase Details

Closed on
Nov 6, 1998
Sold by
Amiel Jack
Bought by
Amiel Jack J and Amiel Darcy S

Purchase Details

Closed on
May 14, 1997
Sold by
Rosenthal Michael K
Bought by
Amiel Jack and Amiel Darcy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
8.08%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cecilia Oliyai 2007 Declaration Of Trust $4,375,000 Lawyers Title
Tolia Ashish -- Fidelity National Title Co
Mody Ajay -- Fidelity National Title Co
Tolia Ashish $1,407,500 Fidelity National Title Co
Gordon Phil -- Old Republic Title Company
Gordon Phil -- The Old Republic Title Co
Gordon Phil -- None Available
Gordon Phil -- None Available
Gordon Phillip $1,040,000 Chicago Title Co
Kingston Jason Michael -- --
Kingston Jason M -- --
Kingston Jason M $653,500 Orange Coast Title
Amiel Jack J -- --
Amiel Jack $385,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cecilia Oliyai 2007 Declaration Of Trust $2,843,750
Previous Owner Tolia Ashish $985,250
Previous Owner Gordon Phil $704,000
Previous Owner Gordon Phillip $800,000
Previous Owner Kingston Jason M $350,000
Previous Owner Amiel Jack $308,000
Closed Kingston Jason M $172,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $4,375,000 -4.9% $873 / Sq Ft
09/08/2022 09/08/22 Price Changed $4,599,000 -6.1% $918 / Sq Ft
08/19/2022 08/19/22 For Sale $4,899,000 +248.1% $978 / Sq Ft
07/10/2020 07/10/20 Sold $1,407,500 +1.3% $639 / Sq Ft View Prior Sale
06/12/2020 06/12/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $1,390,000 -- $631 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $53,897 $4,551,750 $2,783,070 $1,768,680
2024 $53,897 $4,462,500 $2,728,500 $1,734,000
2023 $52,834 $4,375,000 $2,675,000 $1,700,000
2022 $17,087 $1,435,650 $1,435,650 $0
2021 $16,878 $1,407,500 $1,126,000 $281,500
2020 $14,687 $1,203,000 $892,000 $311,000
2019 $13,168 $1,100,000 $816,000 $284,000
2018 $12,950 $1,069,000 $793,000 $276,000
2016 $12,213 $1,014,000 $752,000 $262,000
2015 $11,332 $940,000 $697,200 $242,800
2014 $11,594 $940,000 $697,200 $242,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22183100

California Regional Multiple Listing Service (CRMLS)

APN: 2260-002-006