Celebrity Real Estate: Former SFV Native NFL Star Sells Chatsworth Home At A Loss

[Update January 23, 2014]: The Sherman Oaks home was listed for sale at $2,795,000 on January 23, 2014 with more details and pictures here. 

[Original Post]:

Images courtesy Rodeo Realty

Former NFL Raiders running back, Justin Fargas, sold a Chatsworth home at a loss. Fargas is a native of the SFV who was born in Encino and attended Notre Dame High School in Sherman Oaks before attending USC. He was drafted by the Raiders in 2003 and played there until 2010 where he was dropped. The Denver Broncos briefly picked him up in 2010 but later released him before the start of the season. His dad is Antonio Fargas who is famous for playing "Huggy Bear" on Starsky and Hutch as well as other roles in several films and TV shows. 

The 4 Bed/2.5 Bath on 2,255 sqft on a total lot size of 7,515 sqft built in 1957 listing states:

This Beautiful Landscaped corner lot opens up to. 4 Bedrooms 2 1/2 baths. 3 bedrooms down including the Master with it's own separate dual tub and shower. . The upstairs bedroom has it's own bathroom, very spacious. Sliding glass doors lead out to a spectacular entertainers backyard with a pool and spa. Move in condition, just bring your furniture.

Fargas purchased this home on March 11, 2004 for $570,000 and sold for $500,000 on September 28, 2012. This transaction represents a loss of $70,000 not factoring in carrying costs, renovation costs (if any), commissions, and taxes. 

Its not known why Justin Fargas sold his Chatsworth home but its possible that he is trying to downsize after his retirement from the NFL considering that he recently purchased a Sherman Oaks home on July 17, 2008 for $2,295,000.

Images courtesy Prudential California Realty

The Sherman Oaks home measures 3 Beds/5 Baths on 4,892 sqft on a total lot size of 0.49 acres built in 2000. The listing states:

ATTN: ROCK STARS, HIPSTERS, ARCHITECTURAL BUFFS! ONE-OF-A-KIND LOFT-STYLE RESIDENCE. CUTTING-EDGE MODERN ON SPRAWLING PARK-LIKE GRAOUNDS. LARGE SCALE LIVING W/ ENORMOUS VOLUME/SPACE. 3+5, INCLUDING SEXY MASTER. 2-STORY LR, MEDIA, SLEEK KITCHEN & BATHS. CONCRETE FLOORS, RECESSED LIGHT, SURROUND SOUND, ART WALLS. MULTIPLE WINDOWS & TERRACE DECK OVERLOOKING VAST RESORT STYLE YARD, SURROUNDED BY MATURE TREES. SECLUDED 1+1 UNPERMITTED GH, POOL, GATED ON CELEBRITY BLOCK. A TRUE UTOPIAN SHANGRI-LA!

You can view more SFV Celebrity Real Estate here.

Richard Dorman Mid Century Modern Home In Sherman Oaks Hits the Market

3356 Woodcliff Road

2 Bed/2 Baths on 1,826 sqft on a total lot size of 0.31 acres built in 1958 Sherman Oaks. This home is currently available for $999,000 and was last purchased on September 21, 2006 for $1,190,000 during the heydays of the real estate bubble. According to the listing, this home was built by mid century modern architect, Richard Dorman, AIA, who was born in LA in 1922 and recently passed away in April 2010. He designed numerous buildings as well as private residences. He was also featured in a Life magazine story titled "The Take Over Generation" in 1962. He was also a train enthusiast having writting 13 books on narrow-gauge railroads. You can read more about him in an obituary by the Santa Fe New Mexican. 

From the listing:

Mid-Century Modern Architectural by Richard Dorman, AIA. Situated in the Mulholland Corridor and positioned perfectly to take advantage of picturesque and stunning city light and canyon views. This turn-key post and beam home features: walls of glass in every room (new double pane glass doors installed in 2006), bamboo floors, top of the line kitchen elements (Sub-Zero fridge, Wolf range/convection oven, granite countertops, glass backsplash, custom cabinetry), luxurious bathrooms (finishes: extensive use of granite and marble, new sink & fixtures, large tub, glass shower enclosures, custom cabinets), bedrooms (positioned to maximize city light and canyon view exposures, custom closets and wall to wall durable Seagrass floor covering that is practical and chic , decking that extends the length of the home, Roscomare School District, easy access to all westside locations through all canyon routes and the 405 Freeway!

You can view more SFV Architecture and Real Estate here.

Images courtesy Coldwell Banker

Sherman Oaks Royal Woods MCM Home Hits the Market

[Update November 02, 2012]: This home sold for $1,500,000 which was $5,000 above asking price on October 30, 2012 and was completed in less than 2 months time.

[Original Post]:

3626 Crownridge Drive

4 Beds/3 Baths on 3,023sqft on a total lot size of 0.49acres built in 1959 Sherman Oaks avaiable for $1,495,000.Located in the Royal Woods area with an open house this Sunday September 9 from 2 - 5 PM. This home was last sold near the peak of the market on December 9, 2005 for $1,275,000. This home has been listed on and off the market since April 10, 2012 with the asking price of $1,399,000.

From the listing:

Stunning Mid-century Modern One level Showplace w/ Pool & panoramic City Light Views on almost Half Acre of lush park like grounds. Located in the prime "Royal Woods" area of the Sherman Oaks Hills, this exquisitely Updated 4 Bedrm, 3 Bath features approx. 3,023 sq. ft of amazing indoor/outdoor flow. Magazine quality details include: Terrazzo & hardwood flooring, custom cabinetry, Caesarstone countertops, Viking appliances, built-in Breakfast Bar opening to adjacent Family/Media room; plus a spacious Master Suite with luxurious "spa-like" amenities & private court yard views. 

Above images courtesy Coldwell Banker-Studio City