NOT LISTED FOR SALE

4626 Encino Ave Encino, CA 91316

Estimated Value: $7,133,000 - $8,169,000

6 Beds
10 Baths
11,483 Sq Ft
$651/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $4,895,000 $426 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $45,380/month

95 Days on Market

Highlights

  • Home Theater
  • Cabana
  • 0.87 Acre Lot
  • Gaspar De Portola Middle School Rated A-
  • Gated Parking
  • Canyon View

About This Home

As of March 2020

Located on nearly one acre of park-like grounds at the end of a gated & private driveway in Encino's exclusive Rancho enclave, this estate evokes a magical vision of romance & tranquility. Originally built in 1989 & the former home of music icon Tom Petty, this spectacular estate offers distinctive architecture, crafted w/extreme attention-to-detail & the finest quality. Apx. 11,500 sq.ft., this home has been recently renovated while still maintaining its original integrity & unique style. The front entry leading into the living rm immediately sets the stage for this impressive home w/its sophisticated architecture & soaring high ceilings. Family rm, formal dining rm, & sprawling kitchen. Spectacular main level master suite plus upper level 2nd master suite & 4 add'l bdrm suites. Lower level wine cellar, gym, massage rm, work space, kitchen & vocal booth. Idyllic exterior grounds w/cabana/bar, firepit, al fresco dining area & cascading waterfall & stream flowing into the pool & spa.

Last Agent to Sell the Property

Jade Mills

Coldwell Banker Realty License #00526877 Listed on: 10/21/2019

Coldwell Banker Realty

Co-Listed By

Tiffany Mills

Coldwell Banker Realty License #01333921

Last Buyer's Agent

Karen Medved

Compass License #01235215

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,014

Year Built

  • Built in 1989

Lot Details

  • 0.87 Acre Lot
  • Gated Home
  • Property is zoned LARA

Interior Spaces

  • 11,483 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Canyon Views
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room

Parking

  • Garage
  • Driveway
  • Gated Parking

Pool

  • Cabana
  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2290-022-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,014

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11483
  • Lot Acreage: 0.8700
  • Probate: No
  • Stories: 3
  • Year Built: 1989
  • Number Of Photos: 52
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Stone
  • Bedrooms: 6
  • Full Bathroom: 8
  • Half Bathroom: 2
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 10.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 434.99

Exterior Features

  • Other Structures: Cabana
  • Tennis Court Y/N: No
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: Canyon
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage, Gated

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2290-022-004
  • Geocode Override: No
  • Lot Size Area: 37752

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2019
Closed on
Jan 28, 2020
Sold by
Spendlove Randy and Spendlove Randall
Bought by
Kingsley Thomas and The Grace Court Trust
Seller's Agent
Jade Mills
Coldwell Banker Realty
Buyer's Agent
Karen Medved
Compass
List Price
$4,995,000
Sold Price
$4,895,000
Premium/Discount to List
-$100,000
-2%
Current Estimated Value
$7,314,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,419,038
Avg. Annual Appreciation
7.64%
Original Mortgage
$3,000,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2019
Sold by
4626 Eneino Llc
Bought by
Spendlove Randy

Purchase Details

Listed on
Sep 2, 2018
Closed on
Sep 28, 2018
Sold by
Woolhouse Donald M and Thomas Susan A
Bought by
4626 Encino Llc
Seller's Agent
Tomer Fridman
No Firm Affiliation
Buyer's Agent
Tomer Fridman
Compass
List Price
$4,550,000
Sold Price
$4,485,000
Premium/Discount to List
-$65,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$881,000
Interest Rate
4.7%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Apr 21, 2017
Closed on
Jun 21, 2017
Sold by
Jpmorgan Chase Bank National Association
Bought by
Woolhouse Donald M and The Donald M Woolhouse Living Trust
Seller's Agent
christian stevens
Core Real Estate Group
Buyer's Agent
christian stevens
Core Real Estate Group
List Price
$2,830,000
Sold Price
$2,575,000
Premium/Discount to List
-$255,000
-9.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.77%

Purchase Details

Closed on
Dec 7, 2015
Sold by
Petty Jane B
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jun 20, 2014
Sold by
Petty Jane B
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Aug 14, 2000
Sold by
Petty Jane B
Bought by
Petty Jane B and Jane B Petty Living Trust

Purchase Details

Closed on
May 12, 1998
Sold by
Trust Petty, Thomas E And Jane B Trs Pett
Bought by
Petty Jane B
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kingsley Thomas $4,895,000 Fidelity National Title Co
Spendlove Randy -- North American Title
Spendlove Randy -- None Available
4626 Encino Llc $4,485,000 Chicago Title
Woolhouse Donald M $2,575,000 Servicelink
Jpmorgan Chase Bank National Association $3,085,709 Accommodation
Jpmorgan Chase Bank National Association $2,858,042 Accommodation
Petty Jane B -- --
Petty Jane B -- --
Petty Jane B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kingsley Thomas $3,000,000
Previous Owner Spendlove Randy $3,300,000
Previous Owner 4626 Encino Llc $881,000
Previous Owner 4626 Encino Llc $3,631,000
Previous Owner Petty Jane B $300,000
Previous Owner Petty Jane B $2,600,000
Previous Owner Petty Jane B $1,567,500
Previous Owner Petty Jane B $500,000
Previous Owner Petty Jane B $1,000,000
Previous Owner Petty T Jane B $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2020 03/24/20 Sold $4,895,000 -2.0% $426 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
10/21/2019 10/21/19 For Sale $4,995,000 +11.4% $435 / Sq Ft
10/26/2018 10/26/18 Sold $4,485,000 -1.4% $494 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
09/02/2018 09/02/18 For Sale $4,550,000 +76.7% $501 / Sq Ft
06/26/2017 06/26/17 Sold $2,575,000 -9.0% $284 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $2,830,000 -- $312 / 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
2025 $64,014 $5,353,393 $2,864,366 $2,489,027
2024 $64,014 $5,248,425 $2,808,202 $2,440,223
2023 $62,764 $5,145,516 $2,753,140 $2,392,376
2022 $59,850 $5,044,624 $2,699,157 $2,345,467
2021 $59,108 $4,945,711 $2,646,233 $2,299,478
2020 $55,877 $4,574,700 $2,197,386 $2,377,314
2019 $53,641 $4,485,000 $2,154,300 $2,330,700
2018 $32,210 $2,626,500 $1,708,500 $918,000
2017 $56,769 $4,692,000 $3,264,000 $1,428,000
2016 $55,467 $4,600,000 $3,200,000 $1,400,000
2015 $43,073 $3,559,730 $1,519,770 $2,039,960
2014 $45,709 $3,702,505 $353,451 $3,349,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-522748

The MLS

APN: 2290-022-004