I saw a little snippet in the Warner Center News the other day. There was a photo of Hidden Hills way back in the 1950′s. In the photo (above), a sign along the 101 advertised a 3 to 4 bedroom home on a one acre site for $27,500 to $47,500. For a five acre parcel of land, you could have paid about $12,500. Gee, times have certainly changed, haven’t they?
For those of you who aren’t familiar, the city of Hidden Hills is located in the western part of the San Fernando Valley. It’s kind of like living in the country except that you’re a hop, skip, and jump away from the freeway (101) to the rest of LA County. It’s also a very pricey community to live in. And while I’m sure it’s a lovely place to reside, I’ll admit, one of the bylaws did scare me a bit:
However, when you buy in Hidden Hills you give up some of the freedoms those outside the gates have in exchange for the assurance that your neighbor also gives up some of those same freedoms.
All right. If you read further, they’re just talking about choices like the ability to paint your house purple – but still.
Anyhow, back to the real estate. According to Redfin, the average listed price of homes selling in this gated community is currently $3,000,000. The average listed price per square foot is $678. The average price of homes sold in the last three months is $1,987,408. The average sold price per square foot is $581. I certainly couldn’t afford to buy here, and many of our readers might not either. But still, it’s fun to take a look.
Entry Level Luxury Living: 5550 Penland Rd./4bd, 4bth/2,140 sq. ft./$1,750,000
New On The Market: 5207 Round Meadow Rd./3bd, 2bth/2,827 sq. ft./$2,499,000
Reduced: 5839 Jed Smith Rd./5bd, 6bth/8,053 sq. ft./$7,999,000 to $7,499,000
Posh Property Priced Sky High: 25067 Jim Bridger Rd./9bd, 12bth/17,129 sq. ft./$10,500,000
Do take a peek at the one on Jim Bridger Rd. It’s so not my style, but the 20-seat theater is still a nice touch.