Home for Sale at 18917 Carmel Crest Dr, Tarzana, CA 91356

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18917 Carmel Crest Dr
Tarzana, CA 91356

Richard M Chernock with KW Advisors, original listing - (310) 482-2200

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Property Details

List Price:	$3,275,000
Beds:	5
Baths:	Full: 5
Status:	Active
SqFt:	4715 Square Feet
Agency:	KW Advisors
Agency Phone:	(310) 482-2200

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2000
Notes:	Situated in the prestigious Braemar Country Club Estates, a drive through the guarded gated community leads you to a magnificent and expansive rare single story 4715 sq. ft. residence with 5 beds & 5 baths. A light filled entry welcomes you into a living room with soaring vaulted ceilings and spectacular views of the lush yard and westerly Santa Monica mountains. Approx. 26,683 sq ft lot with ADU potential. The open floor plan still maintains separate areas for a great family room and beautiful large dining room. Stone and wood floors give the feeling of warmth spreading throughout the entire home. A gourmet kitchen with professional grade appliances, granite counters, center island & walk-in pantry are open to the gorgeous and grand family room & sunny eat in breakfast area. The 1st floor offers an office or flex space with access from front & back yards, laundry room, & en-suite room for guests or a maid. The hallway off of the kitchen and garage leads you to an upstairs en-suite large guest or maids room overlooking the SF Valley. A short walk off the living room leads you to four more en-suite guest rooms. Enter the elegant master through double doors & feast your eyes on a cozy sitting area with a fireplace, separate gym or infant room each looking out to the manicured backyard & amazing nature viewing. His and hers custom large walk-in closet's & master jetted bath double sinks and large shower await you. An amazing outdoor eating area and two firepits are among the many amenities this home offers. Fully transferable Membership to Braemar Country Club available.
MlsNumber:	--
ListingId:	25508174

Listing Provided By:	KW Advisors, original listing
Phone:	(310) 482-2200
Office Phone:	(310) 482-2200
Agent Name:	Richard M Chernock
Disclaimer:	Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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