NOT LISTED FOR SALE

500 E Valencia Ave Unit 101 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $919,000 - $1,244,000

4 Beds
4.5 Baths
1,880 Sq Ft
$554/Sq Ft Est. Value

Last Sold December 14, 2017

Last sale price $719,500 $383 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,461/month

90 Days on Market

Highlights

  • Panoramic View
  • Updated Kitchen
  • Multi-Level Bedroom
  • Joaquin Miller Elementary School Rated A-
  • Dual Staircase
  • Modern Architecture

About This Home

As of December 2017

MUST SEE!!! This excellent Front Unit Townhouse is in the heart of one of Burbank's most desirable neighborhoods. An absolutely immaculate 3 story with 4 Bedrooms, 5 Baths, 1880 Sq.Ft, move in condition, and a very low HOA. All bedrooms are accompanied with their own full baths, in addition to the half bath downstairs. This beautiful townhouse has 5 balconies, a laundry room upstairs (machines side by side). A/C controls each level separately. Sellers have custom curtains installed on the first floor, included in the sale. Less than a 6 minutes drive from major studios and downtown Burbank, this townhouse is in a prime location. The building also has a nice barbecue area in the back to add to its luxurious appeal.

Last Agent to Sell the Property

Greg Mkrtchyan

Markarian Realty License #01452036 Listed on: 09/04/2017

Last Buyer's Agent

Barry and Karen Gussow

Equity Union License #01509371

Equity Union

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2007

Lot Details

  • 7,775 Sq Ft Lot
  • 1 Common Wall
  • Lawn

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Auto Driveway Gate
  • Parking Lot
  • Assigned Parking

Property Views

  • Panoramic
  • Hills

Home Design

  • Modern Architecture
  • Flat Roof Shape
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,880 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Crown Molding
  • High Ceiling
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • French Doors
  • Sliding Doors
  • Entryway
  • Family Room Off Kitchen

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Multi-Level Bedroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5621029044

Community Details

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Additional Features

  • Community Barbecue Grill

Townhouse Details

Home Type

Townhome

Year Built

Built in 2007

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Custom curtains on the first floor, refrigerator and washer and dryer.
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s), Automatic Gate
  • View: Yes
  • Zoning: BUR3YY
  • Architectural Style: Modern
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 5621029044
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1880.00
  • Interior Amenities: Balcony, High Ceilings, 2 Staircases, Crown Molding
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Laminate
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors, Sliding Doors
  • Levels: Three Or More
  • Price Per Square Foot: 382.71
  • Room Type: Entry, All Bedrooms Up, Multi-Level Bedroom
  • Window Features: Custom Covering, Double Pane Windows, Screens, Blinds
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Panoramic, Hills
  • Pool Private: No
  • Roof: Flat, Tile
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Concrete, Assigned, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range, Disposal, Refrigerator
  • Heating Type: Natural Gas, Central
  • Laundry Features: Inside, Upper Level, Dryer Included, Washer Included
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Call for Rules
  • Association Fee: 250.00
  • Association Fee Frequency: Monthly
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7775.00
  • Lot Size Acres: 0.1785

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7775.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2017
Closed on
Nov 20, 2017
Sold by
Mkrtchyan Artur and Mailyan Meline A
Bought by
Feinberg Jesse L and Feinberg Rachel
Seller's Agent
Greg Mkrtchyan
Markarian Realty
Buyer's Agent
Barry and Karen Gussow
Equity Union
List Price
$749,900
Sold Price
$719,500
Premium/Discount to List
-$30,400
-4.05%
Current Estimated Value
$1,042,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,754
Avg. Annual Appreciation
4.71%
Original Mortgage
$420,000
Outstanding Balance
$351,941
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$690,313

Purchase Details

Closed on
Feb 27, 2016
Sold by
Mkrtchyan Artur and Mailyan Meline A
Bought by
The Artur Mkrtchyan & Meline Mailyan Fam

Purchase Details

Closed on
Nov 25, 2013
Sold by
Mkrtchyan Artur and Mailyan Meline
Bought by
Mkrtchyan Artur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2013
Sold by
Rahmanian Kevin
Bought by
Mkrtchyan Artur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2013
Sold by
Federal National Mortgage Association
Bought by
Rahmanian Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,245
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2013
Sold by
Rahmanian Naghmeh
Bought by
Rahmanian Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,245
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2012
Sold by
Asatryan Inga
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 24, 2009
Sold by
Kirakosyan Karush
Bought by
Ohanjanyan Marina

Purchase Details

Closed on
Apr 28, 2008
Sold by
Valencia Lights Llc
Bought by
Asatryan Inga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2006
Sold by
Garifallakis Pat
Bought by
Valenica Lights Llc

Purchase Details

Closed on
Oct 1, 2004
Sold by
Simonian Armen and Simonian Nune
Bought by
Garifallakis Pat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2004
Sold by
Zekichev Nick
Bought by
Garifallakis Pat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2003
Sold by
Simonian Olga
Bought by
Simonian Simon
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
Feinberg Jesse L $719,500 North American Title Company
The Artur Mkrtchyan & Meline Mailyan Fam -- None Available
Mkrtchyan Artur -- None Available
Mkrtchyan Artur -- Orange Coast Title Company
Mkrtchyan Artur $530,000 Title365
Rahmanian Kevin $490,000 Service Link
Rahmanian Kevin -- Service Link
Federal National Mortgage Association $458,516 Landsafe Title
Ohanjanyan Marina -- Chicago Title
Asatryan Inga $610,000 Chicago Title Company
Valenica Lights Llc $1,350,000 Chicago Title Co
Garifallakis Pat $832,000 Old Republic Title
Garifallakis Pat -- Old Republic Title
Simonian Simon -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feinberg Jesse L $420,000
Previous Owner Mkrtchyan Artur $415,000
Previous Owner Mkrtchyan Artur $415,000
Previous Owner Rahmanian Kevin $416,245
Previous Owner Asatryan Inga $417,000
Previous Owner Garifallakis Pat $416,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2017 12/14/17 Sold $719,500 -4.1% $383 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
09/02/2017 09/02/17 For Sale $749,900 -- $399 / 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 $9,003 $818,663 $475,270 $343,393
2024 $9,003 $802,611 $465,951 $336,660
2023 $8,907 $786,874 $456,815 $330,059
2022 $8,501 $771,446 $447,858 $323,588
2021 $8,465 $756,321 $439,077 $317,244
2020 $8,371 $748,567 $434,575 $313,992
2019 $8,120 $733,890 $426,054 $307,836
2018 $8,071 $719,500 $417,700 $301,800
2017 $6,297 $559,807 $272,826 $286,981
2016 $6,023 $548,831 $267,477 $281,354
2015 $5,900 $540,588 $263,460 $277,128
2014 $5,882 $530,000 $258,300 $271,700
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Greg Mkrtchyan

    Markarian Realty

    Section Image
  • Barry and Karen Gussow

    Buyer's Agent in 2017

    Barry and Karen Gussow

    Equity Union

    (818) 266-9898

    3 in this area

    50 Total Sales

    Barry and Karen Gussow
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 317006305

California Regional Multiple Listing Service (CRMLS)

APN: 5621-029-044

California Los Angeles County Burbank 91201 Hillside District

500 E Valencia Ave Unit 101, Burbank, CA

Not Listed for Sale

Townhouses

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