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4949 Genesta Avenue
Encino, CA 91316
$1,095,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2034
Property Description
This rare, extensively remodeled three-bedroom, three-bath corner unit condo is in luxury, full-service Encino Park West, situated just across from popular Encino Park. A sophisticated and contemporary living experience with exceptional amenities that include a 24-hour doorman/concierge service, closed circuit security camera system, elegant two-story lobby, heated pool/spa, saunas, gym, recreation room with kitchen, card table, and library, all of which make for a resort-like atmosphere. This 3rd-floor corner unit faces North and West with two balconies providing abundant light with tree-top views overlooking a lovely neighborhood. A wonderfully designed floor plan features a large foyer leading to a “great room concept” encompassing an open living room and dining area with two sets of French doors to the balcony and a sliding door to a spacious patio for seating with automatic shade for summer sun protection. The kitchen’s upgrades include new countertops, tile backsplash, stainless steel appliances/kitchen sink, a work desk area, stackable in-unit washer/dryer, all steps from a central breakfast area, dry-bar, and extensive storage cabinetry and display shelving. All three bathrooms have been fully remodeled, complete with shower stall installation and high-end fixtures, including a TOTO Neorest toilet in the primary bath. Other upgrades include custom cabinetry, wood grain vinyl floors throughout the home, recessed lighting, a new 4-ton Carrier HVAC system, electrical sub-panel, crown molding, and recent painting throughout. The spacious, en-suite primary bedroom features a luxurious, spa-like bathroom equipped with two vanities, two spacious walk-in closets, and a sizeable low-step entry shower. The second bedroom, currently used as an exercise room, includes a Murphy bed with an adjacent hallway bathroom and closet. The third bedroom is separated from the others in its own wing with a 3/4 bath, generous-sized bedroom, and outfitted closet. Convenient front entrance guest parking and security-gated subterranean parking for residents. HOA dues include water, trash, gas, EQ insurance, and basic cable. You may be in the heart of Encino, but you’ll feel tucked away in this bucolic neighborhood setting.
Property Information
Lot Size
59,278 sqft square ft
Property Type
Residential
Year Built
1974
MLS Number
SR24058976
Location
Address
4949 Genesta Avenue
City
Encino
State
CA
Zip Code
91316
County
LOS ANGELES (SANTA CLARITA)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(818) 788-5400
Agent Name
Jeffrey McMahon

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.