NOT LISTED FOR SALE

305 E Valencia Ave Unit K Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $591,000 - $712,000

2 Beds
2.5 Baths
935 Sq Ft
$188/mo HOA Fee

Last Sold August 25, 2021

Last sale price $550,000 $588 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,145/month

57 Days on Market

Highlights

  • No Units Above
  • Gated Community
  • Subterranean Parking
  • Joaquin Miller Elementary School Rated A-
  • 0.33 Acre Lot
  • Shutters

About This Home

As of August 2021

This 2-bedroom, 2 ½ bathroom townhouse style condominium is located at the back of the complex providing privacy and convenience to the parking structure. The front door opens to the living room, dining room and stairs that lead to the second floor where there are two bedrooms, both with en-suites. There are two storage closets at the top of the stairs. Laminate flooring is in the living room and dining room and tile floors are in the kitchen and bathrooms. The freshly painted kitchen has formica counters, a pass through to the dining room and sliding door that leads to a patio. Washer and dryer hookups are in the kitchen. There are plantation shutters throughout the home. Parking is subterranean with two side by side spaces. The building is well maintained with low HOA fees.

Last Agent to Sell the Property

Robin McCary

eXp Realty of Greater Los Angeles, Inc. License #01451230 Listed on: 05/25/2021

eXp Realty of Greater Los Angeles, Inc.

Last Buyer's Agent

Sevada Yeghsanian

Dilbeck Real Estate License #02017671

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1989

Lot Details

  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall

HOA Fees

  • $188 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available
  • Side by Side Parking

Interior Spaces

  • 935 Sq Ft Home
  • Shutters
  • Living Room
  • Dining Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 49180
  • Assessor Parcel Number 2453037047

Community Details

Overview

  • Master Insurance
  • 18 Units
  • Valencia Palms Townhouses Association, Phone Number (818) 240-6515
  • Management Professionals HOA
  • Maintained Community

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1989

Lot Details

0

HOA Fees

$188 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2453037047
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 935.00 Square Feet
  • Interior Amenities: Formica Counters
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 588.24
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
  • Window Features: Shutters
  • Bathroom Features: Bathtub, Shower In Tub
  • Room Kitchen Features: Formica Counters, Pots & Pan Drawers

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Side by Side, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Earthquake Insurance, Insurance, Maintenance Grounds, Trash, Controlled Access
  • Association Fee: 188.00
  • Association Fee Frequency: Monthly
  • Association Name: Valencia Palms Townhouses
  • Phone: 8182406515
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Management Professionals

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 14275.00
  • Lot Size Acres: 0.3277

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14275.0000 Square Feet
  • Number Of Units In Community: 18
  • Number Of Units Total: 18

Tax Info

  • Tax Census Tract: 3107.03
  • Tax Lot: 1
  • Tax Tract Number: 49180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2013
Sold by
Matarlo Carmelito P
Bought by
Matarlo Alma A
Current Estimated Value
$651,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$62,207
Interest Rate
4.51%
Mortgage Type
New Conventional
Estimated Equity
$589,423

Purchase Details

Closed on
Jan 15, 2008
Sold by
Matarlo Carmelito P
Bought by
Matarlo Alma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2008
Sold by
Hicks Vivian L
Bought by
Matarlo Alma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2006
Sold by
Lee Jin Mi
Bought by
Hicks Vivian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.22%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 28, 2002
Sold by
Lee Yang Soon
Bought by
Lee Jin Mi

Purchase Details

Closed on
May 25, 1999
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lee Yang Soon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,900
Interest Rate
6.86%

Purchase Details

Closed on
Oct 9, 1998
Sold by
Babayan Varoujan and Babayan Zvart
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Matarlo Alma A -- None Available
Matarlo Alma A -- Stewart Title
Matarlo Alma A $325,000 Stewart Title Company
Hicks Vivian L $399,000 Stewart Title Company
Lee Jin Mi -- --
Lee Yang Soon $115,000 First American Title Co
Federal Home Loan Mortgage Corporation $98,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matarlo Alma A $270,000
Closed Matarlo Alma A $300,000
Previous Owner Hicks Vivian L $319,200
Previous Owner Lee Yang Soon $91,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2021 08/25/21 Sold $550,000 -1.6% $588 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $559,000 -- $598 / 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 $6,601 $583,662 $412,172 $171,490
2024 $6,401 $572,219 $404,091 $168,128
2023 $6,333 $561,000 $396,168 $164,832
2022 $6,042 $550,000 $388,400 $161,600
2021 $4,432 $394,372 $121,343 $273,029
2020 $4,382 $390,329 $120,099 $270,230
2019 $4,251 $382,677 $117,745 $264,932
2018 $4,222 $375,175 $115,437 $259,738
2016 $4,007 $360,608 $110,955 $249,653
2015 $3,926 $355,192 $109,289 $245,903
2014 $3,918 $348,236 $107,149 $241,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21112314

California Regional Multiple Listing Service (CRMLS)

APN: 2453-037-047