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2461 Bywood Dr
Glendale, CA 91206
$1,725,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2374
Property Description
Nestled on a 7727 square foot lot in Glenoaks Canyon, this re-imagined 1920s Spanish home exudes charm, craftsmanship, and offers a private sanctuary. Mature oak and olive trees provide shade and seclusion, creating a tranquil atmosphere on Bywood, a serene, one-block-long street. This three-bedroom, two-bathroom home spans over 1800 square feet and includes a 570 square foot one-bedroom, one-bathroom guest house with its own address, totaling 2,374 square feet of living space. There are also two fully landscaped patios, a front porch off the dining room and easy access to the outdoors through the kitchen area or primary bedroom. The dramatic step-down living room features a beautiful fireplace, unique architectural ceilings, and an expansive front window with views of trees and the front garden. Hardwood floors flow throughout. The custom kitchen is equipped with Fisher Paykel appliances, including new side-by-side dishwasher drawers. The laundry area offers ample storage, a breezy door to a back deck, and a washer and dryer discreetly tucked behind cabinet doors. The primary bedroom is a retreat, boasting a large walk-in closet, private bathroom with double sinks, and a separate tub and shower. High ceilings and a sitting area create a luxurious hotel suite ambiance. The two additional bedrooms are generously sized with custom finishes in the closets. Additional features include custom windows throughout, recessed lighting, arched walkways, built-in desk area and center island and an immaculate detached two-car garage with drywall, a side door, and painted floors. Owned solar panels on newer clay tile roofs offer significant savings on your monthly power bill. A newer 200 amp electrical panel, professionally landscaped yards with timed irrigation, and a custom fountain in the backyard add to this home's appeal. The guest house is equally impressive, featuring a complete designer kitchen, recessed lighting, a living room space with a breakfast bar and dining area, French doors open to a private patio, and a private stack-able washer and dryer all for this space are tucked away in the updated bathroom. Glenoaks Canyon boasts a newly redesigned public park with play structures, wading pool, shade, basketball, and pickle-ball courts. Nearby, Scholl Canyon offers a sports enthusiast's dream, featuring night-lit tennis courts, a driving range, an 18-hole golf course, and baseball fields. Hiking trails are just outside the door, with panoramic views of Griffith Observatory , DTLA and Santa Monica bay and ocean on a clear day. And all of this dream living is close to everything Glendale and nearby Eagle Rock and Silver Lake have to offer.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1929
MLS Number
24-372623
Location
Address
2461 Bywood Dr
City
Glendale
State
CA
Zip Code
91206
County
LOS ANGELES (SAN FERNANDO VALLEY)
Listing
Provider
Nourmand & Associates Realtors, original listing
Name
Nourmand & Associates Realtors
Phone
(310) 274-4000
Office Name
Nourmand & Associates-HW
Office Phone
(323) 462-6262
Agent Name
Kimberly B Turner

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.