NOT LISTED FOR SALE

Estimated Value: $512,000 - $600,000

1 Bed
1 Bath
650 Sq Ft
$459/mo HOA Fee

Last Sold May 27, 2021

Last sale price $450,000 $692 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,660/month

44 Days on Market

Highlights

  • Fitness Center
  • Filtered Pool
  • Gated Community
  • Ralph Emerson Elementary School Rated A-
  • Automatic Gate
  • 1.93 Acre Lot

About This Home

As of May 2021

Affordable housing opportunity at The Burbank Collection, an upscale condo complex located in the heart of downtown Burbank. Second floor unit features 650+/- sf open layout, natural light, central A/C/heating, washer/dryer, 2 assigned parking, under cabinet kitchen lighting and outdoor patio. The complex features a gym, pool, lounge, putting green, bbq, fire pit, & bocce ball court. HOA dues include basic DirecTV, water, trash, and gas. Interested buyers must be screened by the City of Burbank for income-eligibility:1 person $63,100; 2 persons $72,100, and 3 persons $81,100 maximum annual income of all occupants (sheet on MLS). Affordable Purchase Price calculation will ultimately be made by the City of Burbank, and considers estimates for monthly HOA dues, utilities, and property tax. Owner occupancy REQUIRED minimum down, buyer will assume a silent second loan that does not accrue interest nor require payments, and is forgivable. Info provided by BHA.

Last Agent to Sell the Property

Kirt Kingzett

Coldwell Banker Realty License #01741998 Listed on: 01/03/2021

Coldwell Banker Realty

Last Buyer's Agent

Marlin Dginguerian

License #01930762

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • South Facing Home
  • Gated Home
  • Drip System Landscaping
  • Sprinklers on Timer

HOA Fees

  • $459 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Stucco

Interior Spaces

  • 650 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Sliding Doors
  • Courtyard Views
  • Security Lights

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Ceramic Countertops
  • Disposal

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Side by Side Parking
  • Automatic Gate
  • Guest Parking
  • Controlled Entrance

Pool

  • Filtered Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Air Conditioning
  • Central Heating
  • Heat Pump System
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2453-005-123

Community Details

Overview

  • Association fees include building and grounds, cable TV, gas, trash, water and sewer paid
  • 120 Units
  • Coro Association
  • Low-Rise Condominium
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room
  • Meeting Room
  • Card Room
  • Elevator

Recreation

  • Bocce Ball Court
  • Fitness Center
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0

HOA Fees

$459 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Affordable housing opportunity at The Burbank Collection, an upscale condo complex located in the heart of downtown Burbank. Second floor unit features 650+/- sf open layout, natural light, central A/C/heating, washer/dryer, under cabinet kitchen lighting and outdoor patio 2 assigned parking. Complex features gym, pool, lounge, putting green, bbq, fire pit, & bocce ball court. HOA dues include basic DirecTV, water, trash, and gas. Interested buyers must be screened by the City of Burbank for income-eligibility:1 person $63,100; 2 persons $72,100, and 3 persons $81,100 maximum annual income of all occupants (sheet on MLS). Affordable Purchase Price calculation will ultimately be made by the City of Burbank, and considers estimates for monthly HOA dues, utilities, and property tax. Owner occupancy required, 5% minimum down payment, and buyer will assume a silent second loan that does not accrue interest nor require payments, and is forgivable. This qualifying information is provided by the City of Burbank.
  • Complex Name: The Burbank Collection
  • Entry Floor: 1
  • Entry Location: Elevator
  • Living Area: 650
  • Lot Acreage: 1.9343
  • Planned Urban Dev: 0
  • Probate: No
  • Year Built: 2007
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Turnkey
  • Flooring: Cement, Tile
  • Appliances: Gas/Electric Range, Microwave
  • Bedrooms: 1
  • Fireplaces: 0
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Ground Floor Master
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar
  • Kitchen Features: Counter Top, Ceramic Counters, Island, Tile Counters
  • Laundry: In Closet, In Unit, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Equipment: Hood Fan, Ice Maker, Microwave, Network Wire, Garbage Disposal, Freezer, Elevator, Dryer, Dishwasher, Range/Oven, Refrigerator, Washer, Cable
  • Fireplace: No
  • Price Per S Q F T: 730.77
  • Windows: Double Pane Windows

Exterior Features

  • Balcony: Private
  • Direction Faces: South
  • Construction: Concrete, Stucco
  • Other Features: Balcony, Sprinkler System, Sliding Glass Doors
  • Exposure: South
  • Patio: Covered, Porch
  • Pool Description: Association Pool, Filtered, In Ground
  • Pool: Yes
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Covered Parking, Controlled Entrance, Assigned, Gated Underground, Side By Side, Subterr Side by Side

Utilities

  • TV Svcs: Cable TV
  • Water District: Burbank DWP
  • Water Heater: Gas, Water Heater Unit
  • Cooling: Air Conditioning, Heat Pump(s)
  • Earth Quake Ins: 0
  • Heating: Central, Heat Pump, Electric
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire Sprinklers, Gated, Fire and Smoke Detection System
  • Sewer: In Street
  • Water: District, Water District

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Billiard Room, Bocce Ball Court, Card Room, Clubhouse, Conference, Controlled Access, Elevator, Exercise Room, Fire Pit, Fitness Center, Gated Community, Guest Parking, Hot Water, Pool, Meeting Room, Outdoor Cooking Area
  • Pet Rules: Assoc Pet Rules, Call, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Building and Grounds, Cable TV, Gas, Trash, Water and Sewer Paid
  • High Rise: Controlled Access
  • HOA Fees: 459.00
  • Management Company: Coro
  • Mgmt Co Phone: 8184360774|
  • HOA: Yes

Lot Info

  • Sprinklers: Drip System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 2453-005-123
  • Lot Size Area: 84258

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2008
Sold by
Burbank Collection Ltd
Bought by
Ray Jennifer
Current Estimated Value
$555,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,150
Outstanding Balance
$97,803
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$458,098
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
Ray Jennifer $163,500 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ray Jennifer $147,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2021 05/27/21 Sold $450,000 -5.3% $692 / Sq Ft
03/22/2021 03/22/21 Price Changed $475,000 +70.3% $731 / Sq Ft
02/19/2021 02/19/21 For Sale $278,976 -38.0% $429 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/15/2021 02/15/21 Off Market $450,000 -- --
02/04/2021 02/04/21 For Sale $278,976 -38.0% $429 / Sq Ft
01/23/2021 01/23/21 Off Market $450,000 -- --
01/03/2021 01/03/21 For Sale $278,976 -- $429 / Sq Ft
Source: The MLS

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 $3,451 $301,995 $121,231 $180,764
2024 $3,345 $296,074 $118,854 $177,220
2023 $3,309 $290,270 $116,524 $173,746
2022 $3,157 $284,580 $114,240 $170,340
2021 $2,218 $194,504 $118,963 $75,541
2020 $2,192 $192,511 $117,744 $74,767
2019 $2,127 $188,737 $115,436 $73,301
2018 $2,109 $185,037 $113,173 $71,864
2016 $1,998 $177,853 $108,779 $69,074
2015 $1,958 $175,183 $107,146 $68,037
2014 $1,958 $171,753 $105,048 $66,705
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-674620

The MLS

APN: 2453-005-123