NOT LISTED FOR SALE

5137 Newcastle Ave Encino, CA 91316

Estimated Value: $2,269,920 - $3,014,000

5 Beds
5 Baths
4,167 Sq Ft
$636/Sq Ft Est. Value

Last Sold February 24, 2016

Last sale price $1,425,000 $342 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $15,614/month

Highlights

  • Spa
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • Gaspar De Portola Middle School Rated A-
  • Open Floorplan
  • Fireplace in Primary Bedroom

About This Home

As of February 2016

Presenting a 2008 custom built premiere Encino estate: An illustrious residential statement where distinctive design elements reflect the sophisticated classic European vision, & brilliantly blend with modern elements for the California Lifestyle. Inside, the home flows with an easy elegance: Light, open, & quietly spectacular. Floors are polished Crema Marfil & mahogany. Soaring 22 foot ceilings & massive windows bathe the space in light. The kitchen is a state-of-the-art dream cuisine center appointed with Dacor stainless appliances, granite center island & breakfast bar, & built-in buffet. The adjacent family room with custom surround sound is perfect for movie parties. Sliding glass doors open to an expansive, lush backyard & terrace ideal for al fresco dining & outdoor entertaining. An array of amenities include indoor/outdoor speaker system, dual HVAC system, 1st floor office suite, tankless water heater, master suite with day spa inspired Crema Marfil bath & private terrace & en suite bedrooms with spa tub baths. A superb location, South of the Boulevard, & moments from houses of worship & famed Ventura Blvd, this meticulously maintained residence of timeless style promises enhanced quality of life & enduring value for the fortunate new owners.

Last Agent to Sell the Property

Michael Okun

Sotheby's International Realty License #01430979 Listed on: 11/16/2015

Sotheby's International Realty

Last Buyer's Agent

Vida Monify

Re/MAX One License #00773004

Re/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,213

Year Built

  • Built in 2008

Lot Details

  • 6,777 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Mediterranean Architecture
  • Turnkey

Interior Spaces

  • 4,167 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Atrium Windows
  • Double Door Entry
  • Sliding Doors
  • Atrium Doors
  • Great Room
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Convection Oven
  • Six Burner Stove
  • Gas Range
  • Range Hood
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Maid or Guest Quarters
  • Spa Bath

Outdoor Features

  • Spa
  • Balcony
  • Patio
  • Terrace
  • Rear Porch

Utilities

  • Two cooling system units
  • Zoned Heating and Cooling System
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Valley

Listing and Financial Details

  • Tax Lot 110
  • Tax Tract Number 15126
  • Assessor Parcel Number 2181002017

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,213

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2181002017
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4167.00
  • Interior Amenities: Built-in Features, Balcony, Cathedral Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Wired for Sound, Two Story Ceilings
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Atrium Doors, Double Door Entry, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 341.97
  • Room Type: Dressing Area, Formal Entry, Guest/Maid's Quarters, Great Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet, Separate Family Room
  • Spa Features: Bath
  • Window Features: Atrium, Double Pane Windows
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Rear Porch, Patio, Terrace
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Double Oven, Disposal, Gas Range, Range Hood, Refrigerator, Tankless Water Heater
  • Heating Type: Central, Zoned
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Lot Size Sq Ft: 6777.00
  • Price Per Lot Square Foot: 210.27
  • Lot Size Acres: 0.1560

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6777.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 110
  • Tax Tract Number: 15126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2015
Closed on
Jan 14, 2016
Sold by
Traina Mahmoud and Aduib Sumiah
Bought by
The Wegge Family Living Trust
Seller's Agent
Michael Okun
Sotheby's International Realty
Buyer's Agent
Vida Monify
Re/MAX One
List Price
$1,499,000
Sold Price
$1,425,000
Premium/Discount to List
-$74,000
-4.94%
Current Estimated Value
$2,648,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,223,230
Avg. Annual Appreciation
6.58%
Original Mortgage
$1,100,000
Outstanding Balance
$857,572
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,790,658

Purchase Details

Listed on
Apr 13, 2013
Closed on
Apr 27, 2013
Sold by
Agopian Zareh K and Agopian Liza R
Bought by
Traina Mahmoud and Aduib Sumiah
Seller's Agent
Michael Okun
Sotheby's International Realty
Buyer's Agent
Fatima Blasey
Century 21 Coastal Properties
List Price
$1,299,000
Sold Price
$1,299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.51%
Original Mortgage
$1,124,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2008
Sold by
Agopian Zareh
Bought by
Agopian Zareh K and Agopian Liza R

Purchase Details

Closed on
Jan 21, 1997
Sold by
Tabakian Yeprem
Bought by
Agopian Zareh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back
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
The Wegge Family Living Trust $1,425,000 None Available
Traina Mahmoud $1,299,000 Fatcola
Agopian Zareh K -- None Available
Agopian Zareh $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Wegge Family Living Trust $1,100,000
Previous Owner Traina Mahmoud $1,124,000
Previous Owner Agopian Zareh $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2016 02/24/16 Sold $1,425,000 -4.9% $342 / Sq Ft
01/11/2016 01/11/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $1,499,000 +15.4% $360 / Sq Ft
06/19/2013 06/19/13 Sold $1,299,000 0.0% $312 / Sq Ft View Prior Sale
04/23/2013 04/23/13 Pending -- -- --
04/13/2013 04/13/13 For Sale $1,299,000 -- $312 / Sq Ft
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 $20,213 $1,686,905 $764,967 $921,938
2024 $20,213 $1,653,829 $749,968 $903,861
2023 $19,820 $1,621,402 $735,263 $886,139
2022 $18,893 $1,589,611 $720,847 $868,764
2021 $18,649 $1,558,443 $706,713 $851,730
2019 $18,086 $1,512,220 $685,752 $826,468
2018 $18,075 $1,482,569 $672,306 $810,263
2016 $16,366 $1,351,264 $526,878 $824,386
2015 $16,126 $1,330,967 $518,964 $812,003
2014 $16,175 $1,304,896 $508,799 $796,097
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michael Okun

    Sotheby's International Realty

    Section Image

  • V

    Buyer's Agent in 2016

    Vida Monify

    RE/MAX

    Section Image

  • F

    Buyer's Agent in 2013

    Fatima Blasey

    Century 21 Coastal Properties

    (310) 326-8100

    3 Total Sales

    Fatima Blasey
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15247374

California Regional Multiple Listing Service (CRMLS)

APN: 2181-002-017

California Los Angeles County Encino 91316

5137 Newcastle Ave, Encino, CA

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