NOT LISTED FOR SALE

4520 Libbit Ave Encino, CA 91436

Estimated Value: $2,830,000 - $3,463,548

4 Beds
6.5 Baths
4,657 Sq Ft
$698/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $3,205,250 $688 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $19,174/month

Highlights

  • In Ground Pool
  • Gourmet Kitchen
  • Automatic Gate
  • Lanai Road Elementary Rated A
  • Primary Bedroom Suite
  • Views of Trees

About This Home

As of June 2024

Nestled 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.

Last Agent to Sell the Property

Stacee Passen

Redfin License #01909947 Listed on: 05/09/2024

Redfin

Last Buyer's Agent

Corrie Sommers

Compass License #01423994

Compass

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

  • 3 Car Attached Garage
  • 5 Open Parking Spaces
  • Circular Driveway
  • Automatic Gate

Property Views

  • Trees
  • 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
  • Waterfall Pool Feature
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Balcony
  • Fire Pit
  • Built-In Barbecue

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 2284-013-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,198

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4657
  • Lot Acreage: 0.2201
  • Lot Dimensions: 73x130
  • Stories: 1
  • Year Built: 1953
  • Number Of Photos: 75
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Fire Pit
  • Flooring: Stone Tile, Wood
  • Appliances: Microwave, Gas, Built-In BBQ, Oven-Gas, Cooktop - Gas
  • Bedrooms: 4
  • Fireplaces: 3
  • Full Bathroom: 6
  • Half Bathroom: 1
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Double Vanity(s), Dual Entry (Jack & Jill) Bath, Powder Room, Sunken Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Formal Dining Rm, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Island
  • Laundry: Laundry Area, Inside
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 719.13

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony, Double Door Entry
  • Other Structures: None
  • Pool Description: In Ground, Waterfall
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Hills, Peek-A-Boo, Pool, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 5
  • Parking Garage: Circular Driveway, Garage - 3 Car, Garage Is Attached, Gated
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate, Exterior Security Lights, Fire and Smoke Detection System, Card/Code Access, Fire Sprinklers

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2284-013-016
  • Lot Size Area: 9589

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
Redfin
Buyer's Agent
Corrie Sommers
Compass
List Price
$3,349,000
Sold Price
$3,205,250
Premium/Discount to List
-$143,750
-4.29%
Views
7
Current Estimated Value
$3,248,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,637
Avg. Annual Appreciation
1.09%
Original Mortgage
$2,403,000
Outstanding Balance
$2,376,580
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$872,307

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
7.91%

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
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
Eghbali Arian $3,205,500 Provident Title Company
Raskin Llc $2,300,000 Provident Title Company
Libbit Retreat Llc $1,730,000 Fntg
Bedrosian Victoria -- Fntg Builder Services
Bedrosian Rafi -- Fidelity National Title Co
Citibank Na $1,895,698 None Available
Michaels Oren $2,500,000 Fidelity National Title Co
Berkus Steven $951,000 Equity Title Company
Vogt Siegfried H $550,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eghbali Arian $2,403,000
Previous Owner Michaels Oren $1,750,000
Previous Owner Berkus Steven $760,800
Closed Berkus Steven $190,200
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

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 $24,198 $3,269,355 $2,201,619 $1,067,736
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

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Map

Source: The MLS

MLS Number: 24-387239

The MLS

APN: 2284-013-016