Last month the most expensive home sold in La Canada in August 2018, was 4363 Oakwood Ave. This home listed for $6,500,000 and sold for $5,870,000. The sellers purchased this home in 2009 for $4,920,000. These previous sellers bought this La Canada home in 2004 for $1,775,000 as a tear down and built this gorgeous estate.
MLS remarks read:
It is a kind of French Country Estate nestled amongst million-dollar homes. This magnificent estate was created by blending both new and old techniques, seamlessly fusing modern conveniences with old-world craftsmanship. The residence showcases quality construction and meticulous attention to detail. The central hall floor plan includes formal living and dining rooms. It features a spacious family room with a bar, a gourmet kitchen, and a breakfast room. Additionally, there’s a media room, a powder room, a wine cellar, a pantry, a library, and a laundry room. The house boasts wood, limestone, marble, granite, hand-forged ironwork, and five fireplaces. Additionally, it features a pool, spa, outdoor BBQ area, and a 3-car garage. The attic can be transformed into your favorite space. This custom dream home is truly rare to find.
The most interesting fact is that the current buyer of this very expensive La Canada home has a note (loan) for $5,650,000 with a holding company.
With just a $220,000 down payment, the home was purchased.
Buyers have been facing challenges in finding affordable homes this year due to a continuous decline in the supply of homes for sale. While it was finally flat in July, the market now requires a significant surge in new listings to cool prices and enhance sales. Read more here:
