Friday, April 9, 2010

Hidden Hills, Horse Property, 1.3mm!


This great old-school equestrian Hidden Hills home ( 4 BR, 3 Ba, 3057 sq. ft.) is on the market for 1.399 million. If you know Hidden Hills at all, this is incredibly cheap. What's the deal? I'll tell you. This is one of seven homes in Hidden Hills that originally was not in Hidden Hills. I know you're thinking "What the heck are you talking about, Michael?"
Here's the deal. Many do not know this, even current Hidden Hills residents, but long ago when I was a kid growing up there the ORIGINAL Hidden Hills boundary was several hundred yards west of its current location. The first homes past the gate were "not in Hidden Hills" yet they were under its sphere of influence and thus got utilities and emergency services via Hidden Hills, which was also an "area" or "neighborhood", not a city like it is today. The sticking point was that the original owner had subdivided his property into half acre lots, which was contrary to Hidden Hills HOA regulations that specify each lot be a minimum of 43,560 sq.ft. That was a big deal and kept these homes out of Hidden Hills for quite some time. Also, several of the old-school owners of these homes refused to put up the "three rail fence" which is required by city code to surround your property. I think at least one still does not have fences, the first home on the left past the gate. So this home featured is among the few homes in the City of Hidden Hills not to have a one acre lot. It's still plenty big, and inside the magical land of Hidden Hills. There are a couple of cheaper homes for sale, but they back up to the freeway. This one has that classic look and minimal freeway noise. I often reminisce about the time I passed on buying the longtime office at the front gate, converted to a home, for $42,000 back in 1977. It's not there anymore but the land it sat on is worth about 60 times that today.


photo courtesy of City of Hidden Hills

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