NOT LISTED FOR SALE

Estimated Value: $5,623,000 - $8,923,966

7 Beds
10 Baths
10,420 Sq Ft
$698/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2020

Last sale price $10,350,000 $993 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $50,246 / mo

53 Days on Market

Highlights

  • Projection Room
  • New Construction
  • Primary Bedroom Suite
  • Lanai Road Elementary Rated A-
  • In Ground Pool
  • City Lights View

About This Home

As of November 2020

Welcome to your immaculate new construction masterpiece located in the coveted Royal Oaks
of Encino. Behind exclusive, private gates sits this grand estate boasting 10,420 sqft of refined
luxury. Awe inspiring main level welcomes you to quintessential California living featuring
exceptional city views radiating from massive glass pocket doors the moment you enter.
Incredibly open floor plan generates a smooth flow from the sweeping family room, sumptuous
dining room, striking wine cellar, chic bar, oversized chef’s kitchen with 2 center islands, butlers
pantry, bedroom with ensuite bathroom, and substantial patio overlooking the ultimate
entertainers dream backyard. Upstairs beholds 4 exquisitely designed ensuite bedrooms,
including master retreat featuring a stunning fireplace, expansive walk in closet with two islands,
luxurious spa like bathroom, and glass sliding doors leading out to the extensive balcony with a
cozy firepit and plenty of lounging space. Downstairs presents amenities galore, featuring a
sauna, home theater, gym, wet bar, 2 ensuite bedrooms, and seamless flow to the extraordinary
backyard. Basketball court, mini golf, infinity pool & spa, outdoor bbq area w/ room for seating,
immense grass, covered lounge area with outdoor fireplace, all surrounded by lush greenery
providing peace and tranquility. Architecturally designed with meticulous perfection, this trophy
estate is unlike any other.

Last Agent to Sell the Property

Adi Livyatan

Rodeo Realty License #01892750 Listed on: 08/17/2020

Rodeo Realty

Co-Listed By

Dennis Chernov

Equity Union License #01850113

Last Buyer's Agent

Richard Klein

Rodeo Realty License #01174039

Rodeo Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 15,751 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 3 Car Attached Garage

Property Views

  • City Lights
  • Valley
  • Neighborhood

Interior Spaces

  • 10,420 Sq Ft Home
  • 3-Story Property
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Projection Room
  • Home Office
  • Bonus Room with Fireplace
  • Recreation Room
  • Home Gym
  • Laundry Room
  • Finished Basement

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Dressing Area
  • Maid or Guest Quarters

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Fire Pit
  • Suburban Location
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 12666
  • Assessor Parcel Number 2285003047

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

0.36 Acres

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2285003047
  • Year Built: 2020
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 10420.00 Square Feet
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Bonus Room, Living Room, Master Bedroom, Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 993.28
  • Room Type: Basement, Bonus Room, Den, Dressing Area, Entry, Exercise Room, Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Master Suite, Multi-Level Bedroom, Office, Projection, Recreation, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room
  • Basement: Finished

Exterior Features

  • View: City Lights, Neighborhood, Valley
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15751.00
  • Lot Size Acres: 0.3616

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15751.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1415.00
  • Tax Lot: 42
  • Tax Tract Number: 12666

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Oct 23, 2020
Sold by
15601 Meadowgate Project Llc
Bought by
Patel Sanjay Jagubhai and Patel Jayshree Sanjay
Seller's Agent
Adi Livyatan
Rodeo Realty
Buyer's Agent
Richard Klein
Rodeo Realty
List Price
$11,995,000
Sold Price
$10,350,000
Premium/Discount to List
-$1,645,000
-13.71%
Current Estimated Value
$7,273,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,076,517
Avg. Annual Appreciation
-6.40%
Original Mortgage
$6,727,500
Outstanding Balance
$5,972,845
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,300,638

Purchase Details

Listed on
Nov 15, 2018
Closed on
Feb 14, 2019
Sold by
15601 Meadowgate Llc
Bought by
15601 Meadowgate Project Llc
Seller's Agent
Adi Livyatan
Rodeo Realty
Buyer's Agent
Adi Livyatan
Rodeo Realty
List Price
$1,949,000
Sold Price
$1,670,000
Premium/Discount to List
-$279,000
-14.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
178.66%
Original Mortgage
$3,684,025
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 4, 2016
Sold by
Davidoff Richard and The Jasper Family 1996 Revocab
Bought by
15601 Meadowgate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 1996
Sold by
Jasper William and Jasper Sylvia
Bought by
Jasper William and Jasper Sylvia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patel Sanjay Jagubhai $10,350,000 Stewart Title Of California
15601 Meadowgate Project Llc $1,670,000 Stewart Title Co
15601 Meadowgate Llc $1,325,000 Equity Title Company
Jasper William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Sanjay Jagubhai $6,727,500
Previous Owner 15601 Meadowgate Project Llc $3,684,025
Previous Owner 15601 Meadowgate Llc $795,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2020 11/30/20 Sold $10,350,000 -13.7% $993 / Sq Ft
11/17/2020 11/17/20 For Sale $11,995,000 0.0% $1,151 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $11,995,000 +618.3% $1,151 / Sq Ft
02/20/2019 02/20/19 Sold $1,670,000 -14.3% $578 / Sq Ft View Prior Sale
01/15/2019 01/15/19 Pending -- -- --
11/15/2018 11/15/18 For Sale $1,949,000 -- $675 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $132,888 $11,203,172 $6,721,903 $4,481,269
2024 $132,888 $10,983,502 $6,590,101 $4,393,401
2023 $130,273 $10,768,140 $6,460,884 $4,307,256
2022 $124,170 $10,557,000 $6,334,200 $4,222,800
2021 $122,771 $10,350,000 $6,210,000 $4,140,000
2020 $43,716 $3,595,200 $1,703,400 $1,891,800
2019 $3,486 $1,378,530 $1,378,530 $0
2018 $16,654 $1,351,500 $1,351,500 $0
2016 $2,522 $167,709 $105,188 $62,521
2015 $2,492 $165,190 $103,608 $61,582
2014 $2,511 $161,955 $101,579 $60,376
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20167394

California Regional Multiple Listing Service (CRMLS)

APN: 2285-003-047

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