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4307 Kester Avenue
Sherman Oaks, CA 91403
$2,850,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3197
Property Description
South of the Boulevard and perfect for raising a family residing in a highly desirable school district, this sprawling 5 bed, 4 bath home offers over 3,400 sq ft of living space and sits on a large lot of over 9,700 sq ft in a prime area of Sherman Oaks. Multiple updates including a major renovation in 2003. Original charm is complimented by tasteful and elegant updates to create the perfect balance of style. Highlights include hardwood flooring, crown molding, beamed ceilings, oversized rooms. Formal dining room includes French doors that open to the spacious backyard perfect for entertaining and large gatherings. The large formal living room offers an abundance of natural light & entertainment space, showcasing a shiplap accent wall with center fireplace. The updated expansive kitchen boasts plenty of storage and counter space with a plethora of cabinets and granite countertops with breakfast bar. A charming breakfast nook has built-in bench seating, and a large butler’s pantry. Family time, game nights, or movie nights are all excellent for the cozy family with a view of the backyard featuring a second fireplace, beamed ceilings, a wall of windows and French doors that lead directly to the spacious patio and in-ground pool. The main level has 3 bedrooms, 1 of which offers a full, en-suite bathroom, a ¾ bathroom, and an additional full bathroom with direct access from the other 2 bedrooms and office. There is also a sizeable breezeway that you enter from the oversized, 2-car garage, plus a dedicated laundry closet. Upstairs, relax and unwind in the spacious primary suite, featuring HUGE WALK-IN closet, a third fireplace and an en-suite bathroom with double showers, jetted soaking tub and double sinks. An additional bedroom on the upper level provides flexibility for guest accommodation, another home office, nursery, or whatever your lifestyle demands. Outside, the recently upgraded & private backyard offers low maintenance landscaping, privacy & endless opportunities for outdoor enjoyment. Whether you're lounging by the pool, hosting barbeque gatherings on the patio w/ electric retractable awning, or basking in alone time, this outdoor oasis has it all. Ample lawn area and fruit trees. Conveniently located just blocks south of Ventura Blvd, this home puts you at the heart of Sherman Oaks' vibrant community. Explore the eclectic mix of shops, restaurants, and entertainment options that make this neighborhood one of LA's most sought-after destinations.
Property Information
Lot Size
9,705 sqft square ft
Property Type
Residential
Year Built
1951
MLS Number
SR24078749
Location
Address
4307 Kester Avenue
City
Sherman Oaks
State
CA
Zip Code
91403
County
LOS ANGELES (SAN FERNANDO VALLEY)
Listing
Provider
Dream Team Real Estate Consultants. Inc, original listing
Name
Dream Team Real Estate Consultants. Inc
Phone
(818) 380-5100
Office Name
Equity Union
Office Phone
(818) 989-2000
Agent Name
Stephanie Vitacco

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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.