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11741 Manchester Way
Porter Ranch, CA 91326
$4,295,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5411
Property Description
Stunning Palisades Collection Custom Estate VIEW HOME at the GUARD GATED community of Westcliffe in Porter Ranch! FIVE BEDROOMS/SIX BATHS/5400+ SQUARE FEET of interior living space on a spectacular, NEARLY 13,000 SQUARE FOOT BUILDERS PREMIUM CORNER VIEW LOT, that was the former sales office for the development! Built brand new in 2022, and perched on the most sought after lot in the community with breath taking, PANORAMIC 270 degree sweeping views of the entire San Fernando Valley and beyond. This exquisite property is highlighted by the most luxurious high-end features and finishes available, with no expense spared on the custom upgrades throughout the home. TOTAL SMART HOME with PAID SOLAR, this Entertainer’s dream property has over 20 hard wired, movie quality, surround sound speakers and two linear fireplaces! Enter through the double doors and you’ll be greeted by the incredible volume ceilings and the custom Ebony wood dual floating curved staircases. Amazing open concept floorplan throughout the entire first level. Custom-built main kitchen with marble counter tops/breakfast bar, designer fixtures, along with ultra-high-end Wolf and Subzero appliances - PLUS a full service separate secondary prep kitchen with everything needed to host/entertain all your most lavish celebrations. The kitchen leads to the gorgeous family room/den and formal dining area with made-to-order 90 degree multi sliding stack pocket glass doors that disappear into the framing creating an effortless flow to the outdoor covered patio and courtyard complete with built in fireplace, expansive yard and one of a kind views. One full bedroom suite on the first level, PLUS a separate office and powder room. Upstairs to FOUR additional bedroom suites and a SECOND FAMILY ROOM/DEN. All bedroom suites are located in their own separate wing (including the primary suite). The primary bedroom suite is highlighted by a built in fireplace, spa like en suite full bath with separate soaker tub and walk in shower, dual vanities and a huge walk in closet. THREE private balconies on the second level – with a central second floor patio/deck off the primary suite and upstairs family room that overlooks the entire valley. Two larger “junior” primary suites have their own private balconies as well. A complete list of seller upgrades is available upon request, along with builder renderings for a potential pool, etc. This home has it all. Meticulously built and designed for those who demand the finest.
Property Information
Lot Size
12,923 sqft square ft
Property Type
Residential
Year Built
2022
MLS Number
BB24052830
Location
Address
11741 Manchester Way
City
Porter Ranch
State
CA
Zip Code
91326
County
LOS ANGELES (SANTA CLARITA)
Listing
Provider
Redfin Corporation, original listing
Name
Redfin Corporation
Phone
(949) 294-6186
Office Name
Redfin Corporation
Office Phone
(877) 973-3346
Agent Name
Arto Poladian

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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.