NOT LISTED FOR SALE

5029 Newcastle Ave Encino, CA 91316

Estimated Value: $2,518,000 - $3,500,000

6 Beds
5 Baths
4,698 Sq Ft
$627/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $1,600,000 $341 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $17,243/month

130 Days on Market

Highlights

  • Home Theater
  • Newly Remodeled
  • Primary Bedroom Suite
  • Gaspar De Portola Middle School Rated A-
  • Heated Pool
  • Custom Home

About This Home

As of October 2020

Welcome home! Newly constructed in 2008 and recently remodeled luxury estate. This extraordinary home offers custom finishings inside and out. From travertine flooring, Venetian plaster, wood shutters, high ceilings, walk in closets, sky-lighting, to exterior stamped concrete, rich & smooth stucco finish and spacious balcony to oversee custom pool that has never been used. Gourmet chefs kitchen with spacious walk in pantry ideal island perfect for family entertaining. This breathtaking two story home offers many more amenities!

Last Agent to Sell the Property

Cesar Cendejas

Realty Masters & Associates Inc License #01970462 Listed on: 02/05/2019

Realty Masters & Associates Inc

Last Buyer's Agent

Cesar Cendejas

Realty Masters & Associates Inc License #01970462 Listed on: 02/05/2019

Realty Masters & Associates Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,926

Year Built

  • Built in 2008 | Newly Remodeled

Lot Details

  • 7,117 Sq Ft Lot
  • Block Wall Fence
  • New Fence
  • Landscaped
  • Side Yard Sprinklers
  • Garden
  • Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • City Lights
  • Pool

Home Design

  • Custom Home
  • Turnkey
  • Spanish Tile Roof
  • Copper Plumbing

Interior Spaces

  • 4,698 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Bar
  • Crown Molding
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room with Fireplace
  • Home Theater
  • Den with Fireplace
  • Library

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Range
  • Freezer
  • Granite Countertops
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 5 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • 5 Full Bathrooms
  • Granite Bathroom Countertops
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Heated Pool
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Deck
  • Open Patio
  • Outdoor Grill
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 15126
  • Assessor Parcel Number 2181025019

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,926

Year Built

Built in 2008 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Security System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Zoning: LAR1
  • Architectural Style: Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2181025019
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4698.00 Square Feet
  • Interior Amenities: Balcony, Bar, Cathedral Ceiling(s), Copper Plumbing Full, Crown Molding, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Bamboo, Stone, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Family Kitchen
  • Fireplace Features: Den, Dining Room, Family Room, Master Bedroom
  • Levels: One, Two
  • Main Level Bathrooms: 6
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 340.57
  • Room Type: Family Room, Formal Entry, Kitchen, Laundry, Library, Living Room, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters, Quartz Counters, Upgraded

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: City Lights, Pool
  • Fence: Yes
  • Fencing: Block, Excellent Condition, New Condition
  • Patio And Porch Features: Deck, Patio Open, Porch, Front Porch, Rear Porch
  • Pool Features: Private, Heated, Waterfall
  • Pool Private: Yes
  • Roof: Spanish Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Paved, Garage, Garage Faces Front, Private
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Freezer, Disposal, Gas & Electric Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Private Sewer
  • Water Source: Private, Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 7117.00
  • Lot Size Acres: 0.1634

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7117.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1395.02
  • Tax Lot: 37
  • Tax Tract Number: 15126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2019
Sold by
La Noria Properties Inc
Bought by
Khosrovyan Armond
Current Estimated Value
$2,946,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2017
Sold by
V Mar Inc
Bought by
La Noria Properties Inc

Purchase Details

Listed on
May 26, 2011
Closed on
Dec 8, 2011
Sold by
Mehrzadi Khosrow
Bought by
V Mar Inc
Seller's Agent
Kifah Azzuz
MB Real Estate
Buyer's Agent
Ed Weekes
Platinum Realty & Invest, Grp
Sold Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.85%
Original Mortgage
$46,600
Interest Rate
3.9%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 11, 2008
Sold by
Mehrzadi Khosrow
Bought by
5029 Newcastle Development Inc

Purchase Details

Closed on
Jun 27, 2008
Sold by
Mehrzadi Soheila Saba
Bought by
Mehrzadi Khosrow

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,443,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2007
Sold by
Sage Simon L
Bought by
Mehrzadi Khosrow

Purchase Details

Closed on
Aug 11, 2006
Sold by
Silverberg Family Trust
Bought by
Sage Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2005
Sold by
Tokar Michael and Tokar Irina
Bought by
Tokar Michael

Purchase Details

Closed on
Dec 28, 1993
Sold by
Silverberg Warren
Bought by
Silverberg Warren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.38%
Source: Public Records

Range of Values:

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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
Khosrovyan Armond $1,600,000 Stewart Title Of Ca Inc
La Noria Properties Inc -- None Available
V Mar Inc $560,000 Calcounties Title Nation
Mehrzadi Khosrow -- Calcounties Title Nation
Mehrzadi Khosrow -- Calcounties Title Nation
5029 Newcastle Development Inc -- None Available
Mehrzadi Khosrow -- Ortc
Mehrzadi Khosrow -- Accommodation
Sage Simon -- Chicago Title Co
Tokar Michael -- --
Silverberg Warren -- Pacific Title Guaranty Compa
Silverberg Warren -- Pacific Title Guaranty Co
Silverberg Warren -- Pacific Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khosrovyan Armond $1,280,000
Previous Owner Mehrzadi Khosrow $46,600
Previous Owner V Mar Inc $630,000
Previous Owner Mehrzadi Khosrow $1,443,000
Previous Owner Sage Simon $560,000
Previous Owner Silverberg Warren $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2020 10/29/20 Sold $1,600,000 -3.0% $341 / Sq Ft
06/15/2019 06/15/19 Pending -- -- --
05/04/2019 05/04/19 Price Changed $1,650,000 -2.9% $351 / Sq Ft
04/28/2019 04/28/19 Price Changed $1,700,000 -5.6% $362 / Sq Ft
02/05/2019 02/05/19 For Sale $1,800,000 +221.4% $383 / Sq Ft
01/31/2012 01/31/12 Sold $560,000 -- $119 / Sq Ft View Prior Sale
05/26/2011 05/26/11 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,926 $1,731,889 $1,057,751 $674,138
2024 $20,926 $1,697,931 $1,037,011 $660,920
2023 $20,522 $1,664,639 $1,016,678 $647,961
2022 $19,568 $1,632,000 $996,744 $635,256
2021 $20,914 $1,600,000 $977,200 $622,800
2020 $13,865 $1,113,227 $371,422 $741,805
2019 $12,722 $1,040,400 $364,140 $676,260
2018 $12,603 $1,020,000 $357,000 $663,000
2016 $10,796 $878,164 $424,415 $453,749
2015 $10,640 $864,974 $418,040 $446,934
2014 $10,676 $848,032 $409,852 $438,180
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Cesar Cendejas

    Realty Masters & Associates Inc

    Section Image

  • K

    Seller's Agent in 2012

    Kifah Azzuz

    MB Real Estate

    (818) 657-6500

    1 in this area

    14 Total Sales

    Kifah Azzuz
    Section Image
  • Ed Weekes

    Buyer's Agent in 2012

    Ed Weekes

    Platinum Realty & Invest, Grp

    (562) 307-0786

    10 Total Sales

    Ed Weekes
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19026666

California Regional Multiple Listing Service (CRMLS)

APN: 2181-025-019

California Los Angeles County Encino 91316

5029 Newcastle Ave, Encino, CA

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