The most expensive home sold in July 2019 was 705 Cumberland Road, Glendale. This gorgeous Spanish estate sold for $2,670,000 in forty-four days. This luxury Glendale home was originally listed at $3,100,000. The home was previously listed at $3,200,000 with another Brokerage at the end of last year without selling. I had the pleasure of previewing this home on the broker’s caravan.
Marketing for 705 Cumberland Road Glendale:
Set on one of Glendale’s most coveted streets, this 1923 Mediterranean estate offers privacy, elegance, and timeless character. The 5,142-square-foot main home sits on more than 34,000 square feet of grounds. A detached 818-square-foot guest house and three-car garage complete the estate.
Inside, period details add old-world charm. The grand formal living room features French doors and a decorative fireplace. High ceilings enhance the spacious interiors. Meanwhile, the elegant dining room is ideal for large gatherings. The kitchen blends classic style with modern convenience. It features updated appliances and abundant custom cabinetry. Just off the kitchen, a separate breakfast room overlooks the manicured rose garden.
Downstairs, the lower level adds even more living space. It includes a large family room, wine cellar, kitchenette, and private room. This space works well as a media room or retreat.
Upstairs, four generous bedrooms offer privacy and comfort. Three private baths serve the bedrooms. A bright sunroom adds another inviting space. Outside, the park-like grounds create a private retreat. A sparkling pool and cabana provide the perfect setting for entertaining. In addition, the guest house includes a kitchen, two baths, and a bedroom.
Ultimately, this rare Glendale estate offers privacy, scale, and character. It is an exceptional compound for those seeking a grand and private Southern California lifestyle.
The average list price for all of Los Angeles County remained at $1.9 million, no change from two-weeks ago.
This number is high due to the mix of homes in the luxury ranges that sit on the market and do not move as quickly as the lower end. For luxury homes priced between $1.5 million and $2 million, in the past two weeks, the Expected Market Time increased from 123 to 132 days. Homes priced between $2 million and $3 million, the Expected Market Time increased from 211 to 220 days. For luxury homes priced between $3 million and $4 million, the Expected Market Time increased from 266 to 319 days. Los Angeles homes priced over $1.5 million, account for 28% of the inventory and only 10% of demand.
