$3,225,000
SOLD AUG 4, 2015

4700 Libbit Ave Encino, CA 91436

6 Beds
5 Baths
4,675 Sq Ft
1.01 Acres

Recently Sold

$690 Per Sq Ft

8% Below List Price

55 Days on Market

Highlights

  • Tennis Courts
  • Gated Parking
  • Fireplace in Primary Bedroom
  • Lanai Road Elementary Rated A
  • 43,905 Sq Ft lot
  • Wood Flooring

About This Home

As of August 2020

Extraordinarily rare, beautifully preserved, and enticingly updated - this coveted historic Spanish Tennis Court estate site on one flat acre in prime Encino. Privacy so immense and priceless, yet situated so close to everywhere you could want to be. Perfect enough that you'll never want to leave. Inconspicuous - hedged and gated, with a circular motor court that accommodates ample guest parking. Lovely cobblestone brick driveway. Expansive grassy yard for a protected private playground. Serene courtyards and relaxing water fountains with beautiful Spanish tile. Lush, mature landscape with vibrant bougainvillea. Remodeled modern kitchen with Carrera marble center island and shimmering Ann Sacks tile backsplash. Maid's, Office, Gym, 2 kids, and Master. Covered porches & balconies, along with a sun-soaked deck. Enjoy a lifetime of gracious family memories.

Last Agent to Sell the Property

Craig Knizek

The Agency License #01377932 Listed on: 04/23/2015

The Agency

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,741

Year Built

  • Built in 1926

Lot Details

  • 1.01 Acre Lot
  • Property is zoned LAR1

Home Design

  • Spanish Architecture
  • Clay Roof

Interior Spaces

  • 4,675 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Home Gym
  • Wood Flooring
  • Alarm System

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer

Parking

  • 6 Car Direct Access Garage
  • Circular Driveway
  • Brick Driveway
  • Gated Parking
  • Guest Parking
  • Controlled Entrance

Additional Features

  • Tennis Courts
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2284-004-047

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,741

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Extraordinarily rare, beautifully preserved, and enticingly updated - this coveted historic Spanish Tennis Court estate site on one flat acre in prime Encino. Privacy so immense and priceless, yet situated so close to everywhere you could want to be. Perfect enough that you'll never want to leave. Inconspicuous - hedged and gated, with a circular motor court that accommodates ample guest parking. Lovely cobblestone brick driveway. Expansive grassy yard for a protected private playground. Serene courtyards and relaxing water fountains with beautiful Spanish tile. Lush, mature landscape with vibrant bougainvillea. Remodeled modern kitchen with Carrera marble center island and shimmering Ann Sacks tile backsplash. Maid's, Office, Gym, 2 kids, and Master. Covered porches & balconies, along with a sun-soaked deck. Enjoy a lifetime of gracious family memories.
  • Living Area: 4675
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Flooring: Hardwood
  • Bedrooms: 6
  • Fireplaces: 3
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 747.59

Exterior Features

  • Tennis Court: North/South, Private Tennis Court
  • Tennis Court Y/N: Yes
  • Pool: No
  • Roof: Clay
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Circular Driveway, Controlled Entrance, Direct Entrance, Driveway - Brick, Garage Is Attached, Gated, Parking for Guests - Onsite
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Forced Air

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 2284-004-047
  • Geocode Override: No
  • Lot Size Area: 43905

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2020
Closed on
Jul 6, 2020
Sold by
Zwirn Laurence and The Laurence Zwirn Trust
Bought by
Henick Matthew J and Killoch Alaina
Seller's Agent
Andrew Manning
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ray Carroll
List Price
$3,750,000
Sold Price
$3,535,000
Premium/Discount to List
-$215,000
-5.73%
Current Estimated Value
$4,412,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$877,676
Avg. Annual Appreciation
4.41%
Original Mortgage
$2,828,000
Outstanding Balance
$2,518,835
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,893,841

Purchase Details

Listed on
Apr 23, 2015
Closed on
Jun 24, 2015
Sold by
Scher Bryan A and Scher Melanie A
Bought by
Zwirn Laurence and The Laurence Zwirn Trust
Seller's Agent
Craig Knizek
The Agency
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$3,495,000
Sold Price
$3,225,000
Premium/Discount to List
-$270,000
-7.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%
Original Mortgage
$2,257,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2011
Sold by
Scher Bryan A and Scher Melanie
Bought by
Scher Bryan A and Scher Melanie A

Purchase Details

Closed on
Apr 20, 2001
Sold by
Scher Bryan and Scher Melanie
Bought by
Scher Bryan A and Scher Melanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,000
Interest Rate
6.98%

Purchase Details

Closed on
Nov 3, 2000
Sold by
Scher Bryan and Scher Melanie
Bought by
Scher Bryan and Scher Melanie

Purchase Details

Closed on
Jul 1, 1997
Sold by
The Bank Of New York
Bought by
Scher Bryan and Scher Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,750
Interest Rate
4.95%

Purchase Details

Closed on
Feb 18, 1997
Sold by
Golub Barbara and Bank Of New York
Bought by
Bank Of New York and Cwmbs Inc
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 Type Sale Price Title Company
Grant Deed $3,535,000 Provident Title Company
Grant Deed $3,225,000 Equity Title Los Angeles
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Investors Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Corporate Deed $675,000 First American
Trustee Deed $761,607 Landsafe Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,828,000 New Conventional
Previous Owner $2,257,500 New Conventional
Previous Owner $578,000 No Value Available
Previous Owner $573,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $3,535,000 -5.7% $756 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $3,750,000 +16.3% $802 / Sq Ft
08/04/2015 08/04/15 Sold $3,225,000 -7.7% $690 / Sq Ft
04/23/2015 04/23/15 For Sale $3,495,000 -- $748 / 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 $45,741 $3,826,395 $3,061,117 $765,278
2024 $45,741 $3,751,369 $3,001,096 $750,273
2023 $44,848 $3,677,813 $2,942,251 $735,562
2022 $42,752 $3,605,700 $2,884,560 $721,140
2021 $42,236 $3,535,000 $2,828,000 $707,000
2020 $36,976 $3,030,808 $2,424,647 $606,161
2019 $35,497 $2,971,381 $2,377,105 $594,276
2018 $35,213 $2,913,120 $2,330,496 $582,624
2016 $38,737 $3,225,000 $2,580,000 $645,000
2015 $11,327 $918,054 $365,353 $552,701
2014 $11,383 $900,072 $358,197 $541,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-897739

The MLS

APN: 2284-004-047