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3607 Paseo Primario
Calabasas, CA 91302
Audrey Overton with eXp Realty of Greater Los Angeles, Inc., original listing - (805) 823-8800
$3,125,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
3850 Square Feet
Property Description
Welcome to this stunning Mediterranean-style executive home in Calabasas Park Estates. Nestled at the top of a long driveway in a prestigious 24-hour guard-gated community, this exquisite residence offers privacy and breathtaking canyon views. With over $400,000 in professionally designed upgrades, this 5-bedroom, 4.5-bathroom home spans nearly 3,900 square feet, blending luxury and comfort. As you enter, custom inlaid travertine flooring and an elegant chandelier greet you. Just off the grand entry, a private executive home office with double doors provides a refined workspace. The spacious living areas feature two fireplaces, creating a warm and inviting atmosphere. The gourmet kitchen is a chef’s dream, with Johnson Hardwood English Pub Maple Stout flooring extending into the family room. Custom granite countertops, a central island, and top-of-the-line Thermador appliances—including a 36" gas oven and 6 gas burner cooktop, additional in-wall oven, and built-in refrigerator/freezer—offer both style and functionality. A rebuilt pantry with an iron inlay door, under-counter wine refrigerator, & built-in lighting showcase the cabinetry’s fine craftsmanship. The luxurious master suite is a private retreat with a cozy seating area by a gas fireplace & built-in shelving. The spa-like ensuite bathroom features custom travertine inlays, a large oval bathtub, and a shower with a built-in bench. The walk-in closet offers extensive storage with hanging rods, shelves, cabinets, & a central vanity with locking jewelry drawers. In the family room, a custom-built wet bar with rich wood paneling, glass display shelves, and a wine refrigerator is perfect for entertaining. The rustic elegance is enhanced by a hand-tooled beam mantle, spanish tile surround, and a travertine hearth. Throughout the home, attention to detail is evident, from the custom-stained stairway with wrought iron spindles to the tastefully upgraded powder room and sophisticated chandeliers. The resort-style pool features Pebble Tec resurfacing, a reconstructed waterfall, upgraded tile & pool heater, and a wireless control system. The side yard fencing ensures added privacy, & two raised planters with a self-watering system are perfect for a garden. One guest bedroom, currently a yoga studio with bamboo flooring, is ideal for fitness or relaxation. This Calabasas executive home offers a perfect blend of luxurious living, privacy, and stunning surroundings. Welcome Home!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1992
MLS Number
--
Location
Address
3607 Paseo Primario
City
Calabasas
State
CA
Zip Code
91302
County
LOS ANGELES (SANTA CLARITA)
Listing
Name
Phone
(805) 915-8567
Office Name
Office Phone
(805) 823-8800
Agent Name
Audrey Overton
Agency Phone
(888) 584-9427

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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.