4520 Libbit Ave Encino, CA 91436
4
Beds
6.5
Baths
4,657
Sq Ft
9,589
Sq Ft Lot
Highlights
- In Ground Pool
- Gourmet Kitchen
- Automatic Gate
- Lanai Road Elementary Rated A
- Primary Bedroom Suite
- Peek-A-Boo Views
About This Home
As of June 2024Nestled in the picturesque south Blvd. area of Encino, this enchanting Mediterranean-style residence spans across two stories, boasting approximately 4700 square feet of luxurious living space. With 4 bedrooms and 7 baths, this exquisite abode offers an oasis-like retreat within its resort-style backyard. Step into the allure of custom upgrades as you enter through the grand double-doors into a two-story foyer adorned with custom chandelier and the elegance of cherry wood floors guiding you seamlessly into the main living area with fireplace and spacious dining room capable of accommodating gatherings of up to 12+ guests. Adjacent to the dining area is an inviting open room, previously utilized as a chic high-top bar 'bistro' perfect for game day but is versatile for various purposes with its own ensuite bathroom. The heart of the home lies in the expansive full-service kitchen, with all appliances, walk-in pantry, large center island, dedicated coffee bar and mini fridge conveniently located adjacent to the pool and outdoor BBQ area. A spacious family room offers flexibility, with an adjoining side room, ideal for an office, gaming room, or art studio. A jack 'n jill bathroom services the 2 adjoining rooms, ensuring comfort and convenience. A 3rd ensuite bedroom, located downstairs, could also serve as a maids or nanny's quarters. Ascend the sweeping royal staircase adorned with a dazzling chandelier overhead to discover the primary suite oasis upstairs. On the 2nd level, you'll find a semi-open room with pony glass walls offering versatility for pre-bedtime TV, or office/study space. Just beyond, the double-door entry into the grand primary suite boasts many luxurious amenities for the homeowner(s), including dual bathrooms, a deep Japanese-style soaking tub with overhead chandelier, double sink vanity, and double-sided shower. On one side of the bedroom suite, you'll especially appreciate the attached workout room that can easily transform into a nursery, office, creative area, or extra closet space. On the other side of the suite, you'll find the 2nd bathroom with plenty of closet space leading out to a charming balcony overlooking the serene views above and relaxing backyard below. When it's time to refresh, your outdoor ambiance is elevated by the presence of a glistening pool and spa, complemented by captivating water features. The built-in BBQ area w/ bar seating beckons culinary enthusiasts to indulge in outdoor cooking adventures where you can entertain guests effortlessly on the custom dining deck or unwind in the multiple seating areas adorned with two separate fire pits, perfect for cozy evenings under the stars. The home exudes sophistication from top to bottom, complete with wrought iron trimmings, French doors, multi-level ceilings, impressive chandeliers, dedicated laundry area, 3-car garage, circle driveway with (2) automatic gates, and code-access street entry for added convenience and security. Gated and walled, this exceptional residence is located in the highly sought-after Lanai Road School district, conveniently situated near Ventura Blvd, offering easy access to Gelson's market, dining establishments, shopping centers, freeway access, and places of worship.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,198
Year Built
- Built in 1953
Lot Details
- 9,589 Sq Ft Lot
- Lot Dimensions are 73x130
- North Facing Home
- Property is zoned LARE15
Parking
- 5 Open Parking Spaces
- 3 Car Garage
- Circular Driveway
- Automatic Gate
Property Views
- Peek-A-Boo
- Hills
- Pool
Home Design
- Mediterranean Architecture
Interior Spaces
- 4,657 Sq Ft Home
- 1-Story Property
- Built-In Features
- Ceiling Fan
- Double Door Entry
- Separate Family Room
- Living Room with Fireplace
- 3 Fireplaces
- Formal Dining Room
- Home Office
- Laundry Room
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Walk-In Pantry
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Sunken Shower or Bathtub
- Two Primary Bathrooms
- Jack-and-Jill Bathroom
- Powder Room
- Double Vanity
Home Security
- Security Lights
- Fire Sprinkler System
Pool
- In Ground Pool
- Heated Spa
- In Ground Spa
- Waterfall Pool Feature
Outdoor Features
- Balcony
- Fire Pit
- Built-In Barbecue
Utilities
- Central Heating
Community Details
- No Home Owners Association
- Card or Code Access
Listing and Financial Details
- Assessor Parcel Number 2284-013-016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2024
Closed on
Jun 19, 2024
Sold by
Raskin Llc
Bought by
Eghbali Arian
Seller's Agent
Stacee Passen
Sandlot Homes
Buyer's Agent
Corrie Sommers
Compass
List Price
$3,349,000
Sold Price
$3,205,250
Premium/Discount to List
-$143,750
-4.29%
Total Days on Market
0
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,405
Avg. Annual Appreciation
-0.52%
Original Mortgage
$2,403,000
Outstanding Balance
$2,384,923
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$804,922
Purchase Details
Closed on
Apr 18, 2024
Sold by
Libbit Retreat Llc
Bought by
Raskin Llc
Purchase Details
Listed on
Apr 13, 2017
Closed on
Jun 9, 2017
Sold by
Bedrosian Victoria
Bought by
Libbit Retreat Llc
Seller's Agent
Luis Pezzini
Pezzini Luxury Homes
Buyer's Agent
Luis Pezzini
Pezzini Luxury Homes
List Price
$1,890,000
Sold Price
$1,730,000
Premium/Discount to List
-$160,000
-8.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Purchase Details
Closed on
Mar 31, 2017
Sold by
Bedrosian Rafi
Bought by
Bedrosian Victoria
Purchase Details
Closed on
Jan 17, 2008
Sold by
Citibank Na
Bought by
Bedrosian Rafi
Purchase Details
Closed on
Oct 17, 2007
Sold by
Michaels Oren
Bought by
Citibank Na
Purchase Details
Closed on
May 24, 2006
Sold by
Berkus Steven
Bought by
Michaels Oren
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 13, 2005
Sold by
Vogt Siegfried H and Vogt Gerhild A
Bought by
Berkus Steven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,800
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 6, 2002
Sold by
Nocerine Dominic J and Nocerine Marietta
Bought by
Vogt Siegfried H
Similar Homes in Encino, CA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,205,500 | Provident Title Company | |
| Grant Deed | $2,300,000 | Provident Title Company | |
| Grant Deed | $1,730,000 | Fntg | |
| Interfamily Deed Transfer | -- | Fntg Builder Services | |
| Grant Deed | -- | Fidelity National Title Co | |
| Trustee Deed | $1,895,698 | None Available | |
| Grant Deed | $2,500,000 | Fidelity National Title Co | |
| Grant Deed | $951,000 | Equity Title Company | |
| Grant Deed | $550,000 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,403,000 | New Conventional | |
| Previous Owner | $1,750,000 | Purchase Money Mortgage | |
| Previous Owner | $760,800 | Fannie Mae Freddie Mac | |
| Closed | $190,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2024 06/26/24 | Sold | $3,205,250 | -4.3% | $688 / Sq Ft |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | For Sale | $3,349,000 | +93.6% | $719 / Sq Ft |
| 06/16/2017 06/16/17 | Sold | $1,730,000 | -8.5% | $371 / Sq Ft |
| 04/29/2017 04/29/17 | Pending | -- | -- | -- |
| 04/13/2017 04/13/17 | For Sale | $1,890,000 | 0.0% | $406 / Sq Ft |
| 08/17/2013 08/17/13 | Rented | $9,000 | 0.0% | -- |
| 08/16/2013 08/16/13 | Under Contract | -- | -- | -- |
| 05/21/2013 05/21/13 | For Rent | $9,000 | +20.0% | -- |
| 04/23/2012 04/23/12 | Rented | $7,500 | +7.1% | -- |
| 04/20/2012 04/20/12 | Under Contract | -- | -- | -- |
| 04/17/2012 04/17/12 | For Rent | $7,000 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 | $24,198 | $1,968,439 | $1,219,181 | $749,258 |
| 2023 | $23,730 | $1,929,843 | $1,195,276 | $734,567 |
| 2022 | $22,625 | $1,892,004 | $1,171,840 | $720,164 |
| 2021 | $22,337 | $1,854,907 | $1,148,863 | $706,044 |
| 2019 | $21,668 | $1,799,891 | $1,114,788 | $685,103 |
| 2018 | $21,527 | $1,764,600 | $1,092,930 | $671,670 |
| 2016 | $21,177 | $1,747,586 | $936,040 | $811,546 |
| 2015 | $20,867 | $1,721,336 | $921,980 | $799,356 |
| 2014 | $20,927 | $1,687,618 | $903,920 | $783,698 |
Source: Public Records
Agents Affiliated with this Home
-
Stacee Passen
Seller's Agent in 2024
Stacee Passen
Sandlot Homes
(818) 298-7552
9 in this area
12 Total Sales
-
Corrie Sommers
Buyer's Agent in 2024
Corrie Sommers
Compass
(310) 433-1975
3 in this area
34 Total Sales
-
Seller's Agent in 2017
Luis Pezzini
Pezzini Luxury Homes
(818) 445-9557
3 Total Sales
-
Maral Veilleux
M
Seller's Agent in 2013
Maral Veilleux
Berkshire Hathaway HomeServices California Properties
(562) 789-5286
2 Total Sales
-
Shannon Steere
S
Buyer's Agent in 2013
Shannon Steere
Coldwell Banker Realty
(310) 457-6550
-
Ellen Francisco
Buyer Co-Listing Agent in 2013
Ellen Francisco
Coldwell Banker Realty
(310) 589-2464
33 Total Sales
Map
Source: The MLS
MLS Number: 24-387239
APN: 2284-013-016
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