Last month 5063 Oakwood Ave, in La Canada sold quietly off market for $4,150,000. In today’s real estate climate the only way to know at which price a home will sell, is to prepare the home for sale, advertise both print and online, list in the multiple listing service (MLS) hold broker’s caravans, etc. Most Luxury homes in La Canada are selling in less than a month and often over asking price. So why would a homeowner sell quietly off market and take the chance of not getting every dollar from their sale?
There are a variety of reasons; the most common are privacy and convenience. La Canada is a small community and not everyone wants their neighbors parading through their home. Not every home seller wants to get their home in show condition, wrangle kids and pets for showings, etc.
MLS remarks for this recent sale: Situated in the highly coveted Upper Oakwood neighborhood, this stunning 6 bedroom, 6 bathroom Cape Cod home on a flat lot is masterfully planned with comfort & sophistication in mind. Classic lines, timeless design, & superior detailed finishes are hallmarks of this gorgeous 2006 constructed estate. Upon entering the bright two-story foyer you will find a living room with fireplace & coffered ceiling. A well-appointed dining room, complete with butler’s pantry is located on the opposite wing. The kitchen with breakfast area offers a large center island & walk-in pantry. The heart of this home is a family room with fireplace & French doors that line the rear of the home opening to a comfortable alfresco entertaining area. Two guest bedrooms with a Jack-n-Jill bath, office & a 1/2 bath complete the main level. The upper level features 4 bedrooms including the master suite. The master suite has a private balcony with views of the backyard & walk-in closet. The master bath boasts a soaking tub, marble shower & double vanity. The lower level features a media room, wine cellar & 1/2 bath. A private backyard is the ultimate setting for outdoor entertaining with a barbecue area, fire pit, manicured lawn, pool, secluded spa & outdoor shower. La Canada Schools.
The sellers purchased the home in December 2014 for $3,950,000 at which time the MLS remarks read:
A Cape Cod charmer, this home offers stylish living at its best. With six bedrooms, four baths and two and a half bathrooms. The sunny and bright family room is ideal for large family holiday gatherings and offers tons of entertainment space both indoor and outdoor. From the family room, large French doors open to a stone patio and barbecue area where the guests can lounge under the stars with ample seating around the fire-pit. The home is surrounded by 17,808 sq. ft. of lush landscaping by renowned designer, Van-Martin Rowe. As you come up the stairs from the atrium style entry, the bedrooms greet you on the second level. The master retreat, holds a lovely balcony overlooking the garden. The master bath has dual marble vanities, soak bath and steam shower, perfect for pampering. A Cook’s dream, the kitchen offers Thermador appliances, dual fridge/oven/dishwasher, a butler’s pantry, wine cooler, wine cellar, media room and surround sound, central vacuum and 3 zone air system.