Last month, the most expensive home sold in La Canada in August 2018 was 4363 Oakwood Ave. This home was 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.
Marketing:
This magnificent French Country estate sits among million-dollar homes. It seamlessly blends old-world craftsmanship with modern conveniences.
From the moment you enter, the quality construction and attention to detail stand out. The central hall floor plan features elegant formal living and dining rooms. The spacious family room includes a bar. Nearby, the gourmet kitchen and breakfast room create a welcoming space for everyday living.
The home also offers a media room, library, wine cellar, pantry, powder room, and laundry room. Throughout the residence, rich materials add warmth and character. You’ll find wood, limestone, marble, granite, and hand-forged ironwork. Five fireplaces add even more charm.
Outside, the property becomes an entertainer’s retreat. A pool and spa create a resort-like setting. The outdoor BBQ area makes entertaining easy. A three-car garage adds convenience.
Best of all, the expansive attic offers an opportunity to create whatever space you envision. Ultimately, this custom estate combines timeless character, exceptional craftsmanship, and modern comfort. Truly, a home this special rarely comes to market.
The most interesting fact is that the current buyer of this very expensive La Canada home has a $5,650,000 note (loan) with a holding company. With just a $220,000 down payment, they purchased the home.
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.
