Toluca Lake, California
Average Home Sizes and Asking Prices
Updated On: February 28, 2015
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Homes for Sale in Toluca Lake
Toluca Lake Real Estate & Homes for California
Located on the southeastern edge of the San Fernando Valley, Toluca Lake is an upscale community marked by tranquil neighborhoods. Close to everything Los Angeles County has to offer, Toluca Lake is tucked among North Hollywood, Universal City and Burbank just 12 miles north of downtown Los Angeles. But the community is far removed from the hustle and bustle of big city life. The Santa Monica Mountains surround the quiet, picturesque streets and provide abundant recreational opportunities including hiking and mountain biking.
Six-acre Toluca Lake offers fishing, swimming and boating. Nearby city parks have aquatics programs, tennis and volleyball courts, playgrounds, ball fields, youth activities, camps and picnic areas. Golf courses for all playing abilities can be found in the area. The private Lakeside Golf Club wraps around Toluca Lake. Specialty shops, coffeehouses and boutiques line the community's streets, offering easy access to goods and services and providing a place for neighbors to meet.
The Tolucan Times and Canyon Crier provides residents with a means of keeping up with local news. The annual Toluca Lake Wine and Dine adds to the sense of camaraderie that envelops Toluca Lake. Real estate offerings are diverse. Single-family homes in Toluca Lake range in price from $650,000 to $5 million and more. Condominiums and townhouses are priced from the low $400,000s to approximately $700,000 or more.
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Toluca Lake Real Estate Market: Price Range of Toluca Lake Homes
The real estate market of Toluca Lake offers a wide variety of properties in a range of prices. Condominiums and townhouses are generally priced starting in the low to mid-$300,000s. Many units include access to community amenities such as swimming pools and clubhouses, and some include fireplaces and scenic hill or mountain views. Prices for single-family detached homes start in the mid-$600,000s and range well into the millions for large luxury homes and estate properties with extravagant amenities in communities such as Toluca Estates. Many homes offer fireplaces and swimming pools, and some even include cabanas and guest houses. Land and lots for custom development are strictly limited.
Toluca Lake Real Estate Stats and Trends for the week of February 23rd, 2015: homes priced around $1,776,727 compared to $2,078,286 the previous week, showing a decrease of less than -17%. For Saturday, February 28th, the current national mortgage rate for a 30 year fixed mortgage is 3.94%; the 15 year fixed rate is at 3.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.29%, while the 15 year jumbo rate currently is at 4.04%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Toluca Lake CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Toluca Lake to help you find the best home!