NOT LISTED FOR SALE

246 W Elmwood Ave Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,213,961 - $1,352,000

3 Beds
3.5 Baths
1,520 Sq Ft
$834/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $985,000 $648 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,044/month

3 Days on Market

Highlights

  • Detached Guest House
  • Above Ground Spa
  • Traditional Architecture
  • William McKinley Elementary School Rated A-
  • Property is near public transit
  • Bonus Room

About This Home

As of March 2021

Calling all Buyer's looking for a residential property with a detached Studio Guest House plus a detached 2-car garage with storage bonus room & laundry area. Property zoning R4 and located in walking distance to local shops & the New phase of the Burbank Wash Bike|Walk Pathway. Location, location, location (borderline Burbank & Glendale area). Mini-gated Estate with charming curb-appeal will lead you to a 3Br, 2.5Ba main house with a formal living room with fireplace, dining area, galley kitchen overlooking the family room with glass slider leading to the enchanted yard. The partial vintage hall bathroom separate the secondary bedrooms offering wall closet storage. Spacious master suite with views to the yard, skylight, walk-in closet & private bathroom with tub, perfect for your relaxation nights. Now step into the amazing open-air patio yard offering quaint sitting areas, flowering plants, bushes & various fruit trees, storage sheds and above-ground spa. Seller has created a low maintenance environment for your outdoor entertaining during social distancing gatherings. RV, Boat or car off-street parking possible. Charming detached Studio Guest House offers open concept floor plan with 3/4 bathroom, great space for family members or guests! Bonus room adjacent to garage can be used as a workshop or office area for Buyer's working from home, creating your private space. This property is a MUST see, the possibilities are endless.

Last Agent to Sell the Property

Raquel Magro

Pinnacle Estate Properties, Inc. License #00920540 Listed on: 01/26/2021

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Narbe Avanessian

Dilbeck Real Estate License #01971788

Dilbeck Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,255

Year Built

  • Built in 1939

Lot Details

  • 8,450 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped
  • Irregular Lot
  • Lawn
  • Garden
  • Back and Front Yard
  • Property is zoned BUR4*

Parking

  • 2 Car Garage
  • Oversized Parking
  • Parking Available
  • Workshop in Garage
  • Two Garage Doors
  • RV Potential

Home Design

  • Traditional Architecture
  • Additions or Alterations
  • Combination Foundation
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Tile Flooring

Kitchen

  • Eat-In Galley Kitchen
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Granite Countertops
  • Formica Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Above Ground Spa
  • Slab Porch or Patio
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed

Additional Homes

  • Detached Guest House

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 35 / C
  • Tax Tract Number 7709
  • Assessor Parcel Number 2451033034

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,255

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Edison lights, carport(stand & cover), frt lanter, stove(s), refrig's, washer & dryer, (2) sheds
  • Other Phone Description: Raquel Magro
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: BUR4*
  • Architectural Style: Traditional
  • Property Condition: Additions/Alterations
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2451033034
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1520.00 Square Feet
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area, Separated
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 648.03
  • Room Type: Bonus Room, Family Room, Galley Kitchen, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Separate Family Room, Walk-In Closet
  • Spa Features: Private, Above Ground
  • Window Features: Double Pane Windows, Skylight(s)
  • Bathroom Features: Bathtub, Shower In Tub, Walk-In Shower
  • Room Kitchen Features: Formica Counters

Exterior Features

  • Patio: Yes
  • Foundation: Combination, Raised
  • Other Structures: Guest House Detached, Shed(s), Storage, Workshop
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Patio And Porch Features: Patio Open, Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage - Two Door, Oversized, RV Potential, Workshop in Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven, Gas Range, Range Hood, Refrigerator, Tankless Water Heater, Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Burbank Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Lot 6500-9999, Irregular Lot, Near Public Transit
  • Lot Size Sq Ft: 8450.00
  • Lot Size Acres: 0.1940

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8450.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: C
  • Tax Census Tract: 3118.02
  • Tax Lot: 35
  • Tax Tract Number: 7709

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Feb 9, 2021
Sold by
Herrera Elsa M
Bought by
Gharaghez Sergen Nerses
Seller's Agent
Raquel Magro
Pinnacle Estate Properties, Inc.
Buyer's Agent
Narbe Avanessian
Dilbeck Real Estate
List Price
$959,950
Sold Price
$985,000
Premium/Discount to List
$25,050
2.61%
Current Estimated Value
$1,267,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,990
Avg. Annual Appreciation
5.81%
Original Mortgage
$738,750
Outstanding Balance
$663,740
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$604,250

Purchase Details

Closed on
Aug 2, 2017
Sold by
Herrera Elsa M and Herrea Elsa M
Bought by
Herrera Elsa M

Purchase Details

Closed on
Feb 1, 2012
Sold by
Herrera Elsa M
Bought by
Herrera Elsa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2005
Sold by
Herrera Elsa M
Bought by
Herrera Elsa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1995
Sold by
Messinger Betty and Wasserman Anna C
Bought by
Herrera Elsa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.47%
Source: Public Records

Range of Values:

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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
Gharaghez Sergen Nerses $985,000 Priority Title
Herrera Elsa M -- Accommodation
Herrera Elsa M -- Chicago Title Company
Herrera Elsa M -- Chicago Title Co
Herrera Elsa M $135,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gharaghez Sergen Nerses $738,750
Previous Owner Herrera Elsa M $368,500
Previous Owner Herrera Elsa M $231,800
Previous Owner Herrera Elsa M $232,000
Previous Owner Herrera Elsa M $55,000
Previous Owner Herrera Elsa M $157,000
Previous Owner Herrera Elsa M $138,000
Previous Owner Herrera Elsa M $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $985,000 0.0% $648 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/29/2021 01/29/21 Price Changed $985,000 +2.6% $648 / Sq Ft
01/26/2021 01/26/21 For Sale $959,950 -- $632 / 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 $14,255 $1,294,672 $902,026 $392,646
2024 $14,255 $1,269,288 $884,340 $384,948
2023 $14,104 $1,244,400 $867,000 $377,400
2022 $11,145 $1,004,700 $803,760 $200,940
2021 $3,164 $267,600 $153,464 $114,136
2020 $3,128 $264,857 $151,891 $112,966
2019 $3,040 $259,664 $148,913 $110,751
2018 $2,886 $254,574 $145,994 $108,580
2016 $2,726 $244,690 $140,326 $104,364
2015 $2,672 $241,016 $138,219 $102,797
2014 $2,672 $236,296 $135,512 $100,784
Source: Public Records

Agents Affiliated with this Home

  • Raquel Magro

    Seller's Agent in 2021

    Raquel Magro

    Pinnacle Estate Properties, Inc.

    (818) 361-7027

    1 in this area

    151 Total Sales

    Raquel Magro
    Section Image
  • Narbe Avanessian

    Buyer's Agent in 2021

    Narbe Avanessian

    Dilbeck Real Estate

    (818) 240-8100

    1 in this area

    103 Total Sales

    Narbe Avanessian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21016690

California Regional Multiple Listing Service (CRMLS)

APN: 2451-033-034

California Los Angeles County Burbank 91502 Rancho Adjacent

246 W Elmwood Ave, Burbank, CA

This home is located at 246 W Elmwood Ave, Burbank, CA 91502 since 26 January 2021 and is currently estimated at $1,267,990, approximately $834 per square foot. This property was built in 1939. 246 W Elmwood Ave is a home located in Los Angeles County with nearby schools including William McKinley Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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