$700,000
SOLD OCT 1, 2018
2 Beds
1 Bath
1,288 Sq Ft
6,749 Sq Ft Lot

Recently Sold

$543 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • Lawn
  • No HOA
  • Den with Fireplace
  • Dolores Huerta Middle School Rated A-
  • Neighborhood Views
  • Laundry Room

About This Home

As of September 2019

Under Contract, accepting backup offers: MAGNOLIA PARK FIXER sold As Is. Investor's dream - This 2bd charmer needs work, but it's got great bones, and it's in a fantastic location! The home sits on a lovely tree-lined street, it has nearly 1300 square feet, and it's on a large lot with fruit trees and mature landscaping. The roof was replaced within the past few years, and with California's new Granny Flat law, the large detached garage has great ADU potential. Other highlights include a separate dining room, a kitchen breakfast nook, den, laundry room, a fireplace, original moldings and built-ins. If you're not afraid of putting in some TLC, you can reap the benefits of Burbank's top-rated schools, public services and proximity to studios, at a fraction of what homes with similar square footage are currently selling for in this neighborhood. This one comes with a reliable tenant, on lease until mid-January. If you'd like her to stay longer, she has expressed interest in extending. Drive-by only. Please don't disturb the current tenant.

Last Agent to Sell the Property

Ron Roth

Media West Realty,Inc. License #01074781 Listed on: 09/06/2018

Co-Listed By

Bradley Reed

Media West Realty,Inc. License #01502674

Last Buyer's Agent

John Dick

Media West Realty,Inc. License #01771770

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,630

Year Built

  • Built in 1938

Lot Details

  • 6,749 Sq Ft Lot
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back and Front Yard
  • Property is zoned BUR1YY

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Den with Fireplace
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Exterior Lighting
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 11260
  • Assessor Parcel Number 2447022023

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,630

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Direct
  • Other Phone Number: 8189498065
  • Property Attached: No
  • View: Yes
  • Zoning: BUR1YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2447022023
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1288.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Den, Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 543.48
  • Room Type: Den, Kitchen, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Burbank Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 6749.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 3108.00
  • Tax Lot: 22
  • Tax Tract Number: 11260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2019
Closed on
Aug 22, 2019
Sold by
Lotka Construction Inc
Bought by
Reid Heather B and The Reid Trust
Seller's Agent
Bryan Ochse
Media West Realty,Inc.
Buyer's Agent
Timothy Benoit
Keller Williams Realty World Media Center
List Price
$1,369,000
Sold Price
$1,310,000
Premium/Discount to List
-$59,000
-4.31%
Current Estimated Value
$1,742,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,601
Avg. Annual Appreciation
5.59%
Original Mortgage
$452,344
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 6, 2018
Closed on
Sep 12, 2018
Sold by
Brander Wayne
Bought by
Lotka Construction Inc
Seller's Agent
Ron Roth
Media West Realty,Inc.
Buyer's Agent
John Dick
Media West Realty,Inc.
List Price
$685,000
Sold Price
$700,000
Premium/Discount to List
$15,000
2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.42%
Original Mortgage
$528,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 19, 2017
Sold by
Brander Michael A
Bought by
Brander Wayne and The Brander Real Property Trust

Purchase Details

Closed on
Oct 12, 2005
Sold by
Brander Michael A
Bought by
Brander Michael A and Michael Brander Trust

Purchase Details

Closed on
Sep 27, 2005
Sold by
Brander Bo Kyong
Bought by
Brander Michael A

Purchase Details

Closed on
Nov 18, 1997
Sold by
Brander Michael A
Bought by
Brander Michael and Brander Bo Kyong

Purchase Details

Closed on
Jan 19, 1995
Sold by
Brander Michael A
Bought by
Brander Michael A

Purchase Details

Closed on
Sep 17, 1994
Sold by
Brander Michael A
Bought by
Brander Michael A

Purchase Details

Closed on
May 7, 1994
Sold by
Brander Michael A
Bought by
Brander Michael A

Purchase Details

Closed on
Apr 10, 1994
Sold by
Brander Betty L
Bought by
Brander Michael A
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,310,000 Fidelity National Title Co
Grant Deed $700,000 Fidelity National Title Comp
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Gift Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Orange Coast Title
Interfamily Deed Transfer -- --
Individual Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $724,000 New Conventional
Closed $452,344 Credit Line Revolving
Closed $726,525 New Conventional
Previous Owner $528,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2019 09/11/19 Sold $1,310,000 -4.3% $586 / Sq Ft
07/30/2019 07/30/19 For Sale $1,369,000 +95.6% $612 / Sq Ft
10/01/2018 10/01/18 Sold $700,000 +2.2% $543 / Sq Ft
09/06/2018 09/06/18 For Sale $685,000 -- $532 / 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 $15,630 $1,432,673 $1,104,580 $328,093
2024 $15,630 $1,404,582 $1,082,922 $321,660
2023 $15,461 $1,377,042 $1,061,689 $315,353
2022 $14,757 $1,350,042 $1,040,872 $309,170
2021 $9,308 $824,533 $577,117 $247,416
2020 $9,164 $714,000 $571,200 $142,800
2019 $7,806 $700,000 $560,000 $140,000
2018 $9,069 $811,500 $700,000 $111,500
2017 $869 $66,911 $39,264 $27,647
2016 $830 $65,600 $38,495 $27,105
2015 $815 $64,615 $37,917 $26,698
2014 $823 $63,351 $37,175 $26,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18221206

California Regional Multiple Listing Service (CRMLS)

APN: 2447-022-023