NOT LISTED FOR SALE

4048 Falling Leaf Dr Encino, CA 91316

Estimated Value: $2,945,000 - $3,535,000

6 Beds
5.5 Baths
5,083 Sq Ft
$617/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $1,880,000 $370 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $18,670/month

59 Days on Market

Highlights

  • Heated In Ground Pool
  • Sauna
  • Maid or Guest Quarters
  • Gaspar De Portola Middle School Rated A-
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom

About This Home

As of September 2017

Welcome to this beautiful and updated Lake Encino estate. As you walk in through the double door entry, you will fall in love with this light and bright home that exudes sophistication and elegance and is the ideal home for those who love to entertain. The large living room with vaulted ceilings has several siting areas and leads to a well-appointed bar. The dining room is the ideal place for intimate family dinners or large dinner parties alike. The updated kitchen includes a breakfast bar, granite counter tops and looks out to the cozy family room with a fireplace. The den downstairs serves as the ideal space for an additional family room or office. There are two bedrooms downstairs, one can be used as a guest room and the other as a maid’s room. Upstairs there are four additional bedrooms. The master bedroom is a true retreat, which includes a large siting area, a balcony overlooking the backyard, an amazing two level walk in closet and a large master bathroom with shower, spa tub and sauna. The backyard will make you feel like you are relaxing at a resort. With a large sparkling pool, spa, fire pit, built-in BBQ area and several seating areas. You will not want to miss out on seeing this amazing Lake Encino estate.

Last Agent to Sell the Property

Ailine Vakian

Pinnacle Estate Properties, Inc. License #01902716 Listed on: 07/06/2017

Pinnacle Estate Properties, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 0.41 Acre Lot
  • Property is zoned LARA

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Garage

Interior Spaces

  • 5,083 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Den
  • Sauna
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Laundry Chute

Additional Features

  • Heated In Ground Pool
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 31527
  • Assessor Parcel Number 2184038034

Community Details

Recreation

  • Tennis Courts

Additional Features

  • Security Service

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0.41 Acres

HOA Fees

$30 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LARA
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2184038034
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5083.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 369.86
  • Room Type: Den, Family Room, Formal Entry, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Sauna, Separate Family Room, Walk-In Closet, Walk-In Pantry

Exterior Features

  • Pool Features: Private, In Ground, Heated
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Laundry Chute
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Tennis Court(s), Dues Paid Annually, Security
  • Association Fee: 360.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17774.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1397.03
  • Tax Lot: 44
  • Tax Tract Number: 31527

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2017
Closed on
Sep 25, 2017
Sold by
Vakian Carlo and Vakian Ailine
Bought by
Javaherian Afshin and Javaherian Shila
Seller's Agent
Ailine Vakian
Pinnacle Estate Properties, Inc.
List Price
$2,150,000
Sold Price
$1,880,000
Premium/Discount to List
-$270,000
-12.56%
Current Estimated Value
$3,133,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,253,841
Avg. Annual Appreciation
6.21%
Original Mortgage
$1,410,000
Outstanding Balance
$1,146,483
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,987,358

Purchase Details

Closed on
Feb 5, 2014
Sold by
Vakian Carlo
Bought by
Vakian Family Trust

Purchase Details

Closed on
Dec 7, 2012
Sold by
Vakian Garabet
Bought by
Vakian Carlo and Vakian Sarkis

Purchase Details

Closed on
Nov 14, 2012
Sold by
Vakian Garabet and Vakian Family Trust
Bought by
Vakian Garabet

Purchase Details

Closed on
Sep 24, 2010
Sold by
Vakian Garabet and Vakian Alice
Bought by
Vakian Garabet and Vakian Alice

Purchase Details

Closed on
Jan 28, 1997
Sold by
Ford Consumer Finance Company Inc
Bought by
Vakian Garabet and Vakian Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
6.95%

Purchase Details

Closed on
Oct 24, 1996
Sold by
Chraghchian Hamlet and Ford Consumer Finance Company
Bought by
Ford Consumer Finance Company Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Javaherian Afshin $1,880,000 Priority Title Company
Vakian Raffi -- Priority Title Company
Vakian Sarkis -- Priority Title Company
Vakian Family Trust -- None Available
Vakian Carlo -- None Available
Vakian Garabet -- None Available
Vakian Garabet -- None Available
Vakian Garabet $745,000 American Title Co
Ford Consumer Finance Company Inc $573,499 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Javaherian Afshin $1,410,000
Previous Owner Vakian Garabet $445,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $1,880,000 -12.6% $370 / Sq Ft
09/03/2017 09/03/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $2,150,000 -- $423 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $25,865 $2,139,114 $1,616,967 $522,147
2024 $25,865 $2,097,171 $1,585,262 $511,909
2023 $25,365 $2,056,051 $1,554,179 $501,872
2022 $24,211 $2,015,737 $1,523,705 $492,032
2021 $23,904 $1,976,214 $1,493,829 $482,385
2019 $23,191 $1,917,600 $1,449,522 $468,078
2018 $23,004 $1,880,000 $1,421,100 $458,900
2016 $12,672 $1,024,983 $432,004 $592,979
2015 $12,490 $1,009,587 $425,515 $584,072
2014 $12,535 $989,811 $417,180 $572,631
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17151863

California Regional Multiple Listing Service (CRMLS)

APN: 2184-038-034

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