NOT LISTED FOR SALE

436 E Palm Ave Unit 312 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $694,000 - $794,000

2 Beds
2 Baths
1,016 Sq Ft
$390/mo HOA Fee

Last Sold December 08, 2023

Last sale price $700,000 $689 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,833/month

3 Days on Market

Highlights

  • 0.78 Acre Lot
  • Mountain View
  • Balcony
  • Ralph Emerson Elementary School Rated A-
  • Main Floor Bedroom
  • 2 Car Attached Garage

About This Home

As of December 2023

Newly Renovated Top Floor Condo in the Heart of Burbank - An Oasis of Modern Comfort! This condo is perfect for those who value style, luxury, and convenience. Meticulously renovated with a focus on upscale features, it boasts abundant natural light and stunning mountain views. The open floor plan and contemporary design cater to today's lifestyles, providing ample space for relaxation. With a Walk Score of 93, you're in an ideal location with easy access to major freeways.
Experience the best of suburban life with a perfect blend of community charm and modern amenities. You're just steps away from the vibrant shops and restaurants in Downtown Burbank, and a short drive from major highways. This sun-drenched 2-bedroom, 2-bath condo offers two outdoor spaces, two dedicated parking spots, and an in-unit washer/dryer.
Whether you're a small family seeking a cozy retreat or a professional looking for a comfortable haven, this condo has it all. Don't let this opportunity slip away – seize the chance to make this Burbank gem your new home!

Last Agent to Sell the Property

Raymond Markarian

Marker Real Estate Inc License #01345078 Listed on: 10/27/2023

Last Buyer's Agent

Lena Minassian

Regency Real Estate Services License #01244626

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1980

Lot Details

  • 0.78

HOA Fees

  • $390 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,016 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Storage

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Patio

Additional Features

  • No Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 37013
  • Assessor Parcel Number 2455028088

Community Details

Overview

  • Front Yard Maintenance
  • 36 Units
  • Jenkins Properties Association, Phone Number (818) 288-5190

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1980

Lot Details

0

HOA Fees

$390 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2455028088
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1016.00 Square Feet
  • Interior Amenities: Balcony, Storage
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 688.98
  • Room Type: Jack & Jill, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Shower In Tub

Exterior Features

  • Patio: Yes
  • View: Mountain(s), Neighborhood
  • Patio And Porch Features: Patio
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Management, Maintenance Front Yard
  • Association Fee: 390.00
  • Association Fee Frequency: Monthly
  • Association Name: Jenkins Properties
  • Phone: 8182885190
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Jenkins Properties

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 34082.00
  • Lot Size Acres: 0.7824

Multi Family

  • Lease Considered: No
  • Lot Size Area: 34082.0000 Square Feet
  • Number Of Units In Community: 36
  • Number Of Units Total: 36

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 37013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 13, 2023
Sold by
Palm Burbank Llc
Bought by
Massey Eric Barseghian
Seller's Agent
Raymond Markarian
Marker Real Estate Inc
Buyer's Agent
Lena Minassian
Regency Real Estate Services
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%
Views
193
Current Estimated Value
$723,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,725
Avg. Annual Appreciation
1.64%
Original Mortgage
$452,000
Outstanding Balance
$443,810
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$279,915

Purchase Details

Closed on
Jul 14, 2023
Sold by
Raithel Lea Olone
Bought by
Palm Burbank Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2018
Sold by
Raithel Lea Olone
Bought by
Raithel Lea Olone

Purchase Details

Closed on
Nov 16, 2016
Sold by
Raithel Lea Olone
Bought by
The Lea Olone Raithel 2016 Living Trust

Purchase Details

Closed on
Nov 11, 2004
Sold by
Raithel Lea O
Bought by
The Lea Olone Raithel Living Trust

Purchase Details

Closed on
Nov 5, 2002
Sold by
Raithel John K
Bought by
Raithel John K

Purchase Details

Closed on
Apr 2, 2002
Sold by
Raithel Lea O
Bought by
Raithel John K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
6.78%

Purchase Details

Closed on
Mar 8, 2002
Sold by
Andrusco Robert W and Andrusco Katherine
Bought by
Raithel John K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
6.78%

Purchase Details

Closed on
Nov 20, 2000
Sold by
Farney Jeffrey
Bought by
Andrusco Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
7.66%

Purchase Details

Closed on
Nov 17, 2000
Sold by
Monette Steven
Bought by
Farney Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
7.66%
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
Massey Eric Barseghian $700,000 Ticor Title
Palm Burbank Llc $550,000 Ticor Title Company
Raithel Lea Olone -- None Available
The Lea Olone Raithel 2016 Living Trust -- None Available
The Lea Olone Raithel Living Trust -- --
Raithel John K -- American Coast Title Co Inc
Raithel John K -- --
Raithel John K -- Commonwealth Land Title Co
Raithel John K $219,000 Commonwealth Land Title Co
Andrusco Robert W $157,500 Commonwealth Land Title Co
Farney Jeffrey -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massey Eric Barseghian $452,000
Previous Owner Palm Burbank Llc $495,000
Previous Owner Raithel John K $175,200
Previous Owner Andrusco Robert W $118,125
Closed Raithel John K $32,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $700,000 +0.1% $689 / Sq Ft
10/27/2023 10/27/23 For Sale $699,000 -- $688 / 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 $7,808 $714,000 $488,478 $225,522
2024 $7,808 $700,000 $478,900 $221,100
2023 $1,785 $310,943 $166,263 $144,680
2022 $1,788 $304,847 $163,003 $141,844
2021 $1,771 $298,870 $159,807 $139,063
2019 $1,740 $290,008 $155,068 $134,940
2018 $3,229 $284,323 $152,028 $132,295
2017 $1,002 $278,749 $149,048 $129,701
2016 $974 $273,284 $146,126 $127,158
2015 $943 $269,180 $143,932 $125,248
2014 $931 $263,908 $141,113 $122,795
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Raymond Markarian

    Marker Real Estate Inc

    (415) 553-0324

    1 in this area

    11 Total Sales

    Raymond Markarian
    Section Image
  • Lena Minassian

    Buyer's Agent in 2023

    Lena Minassian

    Regency Real Estate Services

    (818) 240-0777

    2 in this area

    16 Total Sales

    Lena Minassian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23199895

California Regional Multiple Listing Service (CRMLS)

APN: 2455-028-088

California Los Angeles County Burbank 91501 Hillside District

436 E Palm Ave Unit 312, Burbank, CA

Not Listed for Sale

Condos

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