$4,650,000
SOLD JAN 3, 2017

4444 Libbit Ave Encino, CA 91436

5 Beds
8 Baths
7,878 Sq Ft
0.9 Acres

Recently Sold

$590 Per Sq Ft

12% Below List Price

216 Days on Market

Highlights

  • Detached Guest House
  • Home Theater
  • 39,353 Sq Ft lot
  • Lanai Road Elementary Rated A
  • Heated In Ground Pool
  • Dining Room with Fireplace

About This Home

As of January 2017

PLEASE DO NOT CALL OWNERS. PROPERTY IS BEING WITHDRAWN FOR THE HOLIDAYS PERIOD ONLY

Last Agent to Sell the Property

Craig Knizek

The Agency License #01377932 Listed on: 04/20/2016

The Agency

Last Buyer's Agent

Adrienne Martz

The Agency License #01935828

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,276

Year Built

  • Built in 1936

Lot Details

  • 0.9 Acre Lot
  • Property is zoned LARE15

Home Design

  • Traditional Architecture

Interior Spaces

  • 7,878 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Home Theater
  • Den with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Parking

  • Circular Driveway
  • RV Potential

Pool

  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • Open Patio
  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2284-010-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,276

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 7878
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Dining, Family Room
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 4
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside, Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Range/Oven
  • Price Per S Q F T: 628.33

Exterior Features

  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, In Ground
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Parking Garage: Circular Driveway, Driveway, Garage - 4+ Car, RV Possible

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 2284-010-013
  • Geocode Override: No
  • Lot Size Area: 39353

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2016
Closed on
Nov 28, 2016
Sold by
Novick Michael T
Bought by
Cutler Scott and Morton Meredith
Seller's Agent
Craig Knizek
The Agency
Buyer's Agent
Adrienne Martz
The Agency
List Price
$5,295,000
Sold Price
$4,650,000
Premium/Discount to List
-$645,000
-12.18%
Total Days on Market
216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$2,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 25, 2010
Sold by
Novick Michael T and Novick Erika S
Bought by
Novick 2005 Family Trust

Purchase Details

Closed on
Oct 15, 2003
Sold by
Richman Deborah Dana
Bought by
Richman Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Richman Roxane R
Bought by
Richman Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
Richman Keith and Richman David
Bought by
Novick Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2003
Sold by
Richman Marla Sue and M & E Richman Residence Trust
Bought by
Richman Keith

Purchase Details

Closed on
Mar 28, 1996
Sold by
Richman Monroe F
Bought by
Richman Marla Sue and M & E Richman Residence Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $4,650,000 Stewart Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,790,000 New Conventional
Closed $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,400,000 Unknown
Previous Owner $1,140,000 Unknown
Previous Owner $1,005,000 Construction
Previous Owner $1,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $7,999,999 0.0% $1,015 / Sq Ft
11/05/2018 11/05/18 Rented $25,000 0.0% --
08/08/2018 08/08/18 For Rent $25,000 0.0% --
01/03/2017 01/03/17 Sold $4,650,000 0.0% $590 / Sq Ft
11/15/2016 11/15/16 Off Market $4,650,000 -- --
08/03/2016 08/03/16 Price Changed $4,950,000 -6.5% $628 / Sq Ft
04/20/2016 04/20/16 For Sale $5,295,000 -- $672 / Sq Ft
Source: The MLS

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
2024 $64,276 $5,290,904 $3,413,487 $1,877,417
2023 $63,016 $5,187,161 $3,346,556 $1,840,605
2022 $60,085 $5,085,453 $3,280,938 $1,804,515
2021 $59,370 $4,985,739 $3,216,606 $1,769,133
2019 $57,581 $4,837,860 $3,121,200 $1,716,660
2018 $57,341 $4,743,000 $3,060,000 $1,683,000
2016 $26,237 $2,157,425 $1,297,128 $860,297
2015 $25,854 $2,125,019 $1,277,644 $847,375
2014 $25,938 $2,083,394 $1,252,617 $830,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-116434

The MLS

APN: 2284-010-013