NOT LISTED FOR SALE

1015 E Palm Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,458,000 - $1,661,000

3 Beds
2 Baths
1,877 Sq Ft
$826/Sq Ft Est. Value

Last Sold April 24, 2013

Last sale price $600,000 $320 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $8,804/month

16 Days on Market

Highlights

  • Attic
  • Bonus Room
  • Den
  • Ralph Emerson Elementary School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of April 2013

Spacious 3 BR w/den & bonus studio. Above Bel Aire near Debell Golf Course, Starlight Bowl, downtown Burbank, schools & shopping! Liv rm: Wood-burning brick fireplace w/marble, plantation shutters, wet bar, stainless steel sink, glass shelves, granite counter. Din rm: Bay window, plantation shutters, celing fan. Remodeled kitchen: Granite counter-tops, Jennair wall oven/broiler, dishwasher, gas cook top, garbage disp, crown molding, Chrome vent/hood, black porcelain sink w/chrome waterfall faucet, garden window. Laundry area: Gas dryer hook-up. Master Bedrm: Vaulted ceiling, sliding glass door to deck w/stairs to back yard. Adjoining 3/4 Master bathrm: granite vanity counter, vaulted ceiling, wood shelves, cabinets. C/A, water softener, solar attic fan, newer roof (on home only). Back yard: Auto sprinklers, sitting area off master bedroom, flower and fruit trees. Tenant occupied, lease expires soon per owner. Short sale. All terms, conditions & commissions subject to lender's approval. Buyer to do all inspections and investigations independently w/appropriate, licensed professionals of buyer's choice per CAR advisories, and not rely on brokers, agents or seller as information has not been verified or guaranteed by listing broker/agent.

Last Agent to Sell the Property

Candy Peak

Peak Real Estate Network License #00983698 Listed on: 01/04/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 7,655 Sq Ft Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,877 Sq Ft Home
  • Living Room with Fireplace
  • Den
  • Bonus Room
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 3102
  • Assessor Parcel Number 2456011014

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2456011014
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1877.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 319.66
  • Room Type: Attic, Bonus Room, Den, Living Room, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7655.00
  • Lot Size Acres: 0.1760

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7655.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Lot: 35
  • Tax Tract Number: 3102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2015
Sold by
Arakelyan Tigran
Bought by
The Arakelyan Family Living Trust
Current Estimated Value
$1,550,199

Purchase Details

Listed on
Jan 4, 2013
Closed on
Mar 12, 2013
Sold by
Fink Michelle M and Feather Michelle M
Bought by
Arakelyan Tigran and Arakelyan Gayane
Seller's Agent
Candy Peak
Peak Real Estate Network
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$699,900
Sold Price
$600,000
Premium/Discount to List
-$99,900
-14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$579,975
Outstanding Balance
$408,530
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$1,141,669

Purchase Details

Listed on
Jan 4, 2013
Closed on
Mar 7, 2013
Sold by
Fink Allen L
Bought by
Fink Michelle M
Seller's Agent
Candy Peak
Peak Real Estate Network
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$699,900
Sold Price
$600,000
Premium/Discount to List
-$99,900
-14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,975
Outstanding Balance
$408,530
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$1,141,669

Purchase Details

Closed on
Feb 8, 2008
Sold by
Feather Phillip D
Bought by
Feather Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2002
Sold by
Feather Philip D and Feather Michelle M
Bought by
Feather Phillip D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.89%

Purchase Details

Closed on
May 3, 2000
Sold by
Trust Feather Phillip D Tr Anne Feather
Bought by
Feather Phillip D

Purchase Details

Closed on
May 2, 1996
Sold by
Feather Anne
Bought by
Feather Phillip D and The Anne Feather Trust

Purchase Details

Closed on
Apr 1, 1996
Sold by
Feather Phillip D
Bought by
Feather Anne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Arakelyan Family Living Trust -- None Available
Arakelyan Tigran $600,000 Fatcola
Fink Michelle M -- Fatcola
Feather Michelle M -- Old Republic Title Company
Feather Phillip D -- Equity Title Company
Feather Phillip D -- --
Feather Phillip D -- North American Title
Feather Anne -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arakelyan Tigran $579,975
Previous Owner Feather Michelle M $626,250
Previous Owner Feather Phillip D $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2013 04/24/13 Sold $600,000 -7.7% $320 / Sq Ft
01/20/2013 01/20/13 Pending -- -- --
01/16/2013 01/16/13 Price Changed $649,900 -7.1% $346 / Sq Ft
01/04/2013 01/04/13 For Sale $699,900 -- $373 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,166 $738,843 $569,653 $169,190
2024 $8,166 $724,357 $558,484 $165,873
2023 $8,079 $710,155 $547,534 $162,621
2022 $7,713 $696,232 $536,799 $159,433
2021 $7,678 $682,581 $526,274 $156,307
2019 $7,368 $662,337 $510,665 $151,672
2018 $7,246 $649,351 $500,652 $148,699
2016 $6,873 $624,138 $481,212 $142,926
2015 $6,733 $614,764 $473,984 $140,780
2014 $6,716 $602,723 $464,700 $138,023
Source: Public Records

Agents Affiliated with this Home

  • Candy Peak

    Seller's Agent in 2013

    Candy Peak

    Peak Real Estate Network

    (818) 400-8485

    2 Total Sales

    Candy Peak
    Section Image

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,161 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB13001899

California Regional Multiple Listing Service (CRMLS)

APN: 2456-011-014

California Los Angeles County Burbank 91501 Hillside District

1015 E Palm Ave, Burbank, CA

Not Listed for Sale

Detached

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