NOT LISTED FOR SALE

516 N Burlington Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $725,790 - $1,036,000

2 Beds
1 Bath
552 Sq Ft
$1,573/Sq Ft Est. Value

Last Sold November 14, 2018

Last sale price $610,000 $1,105 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,214/month

9 Days on Market

Highlights

  • City View
  • No HOA
  • Air Conditioning
  • Wood Flooring
  • Cottage
  • Living Room

About This Home

As of November 2018

Charm abounds in this wonderfully updated cottage in the heart of Silver Lake and Echo Park. Privacy meets city life in this charming bungalow. Just steps from famous Sunset Junction and the bustling Echo Park, this home allows you to experience the heart of Los Angeles while also retreating to your own private oasis. Enjoy breakfast al fresco in the cozy front patio, or curl up and watch a movie with a glass of wine in the spacious living room. Brand new appliances, countertops, backsplash, and floors radiate a sense of warmth throughout the home. Enjoy views of the downtown skyline from your back patio. This home is the epitome of the Silver Lake lifestyle.

Last Agent to Sell the Property

Anthony Mian

Douglas Elliman License #02000632 Listed on: 10/16/2018

Douglas Elliman

Co-Listed By

Andrea Shink

Compass License #01228179

Last Buyer's Agent

Jared Musser

Compass License #01962592

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,038

Year Built

  • Built in 1921

Lot Details

  • 1,293 Sq Ft Lot
  • Property is zoned LARD2

Parking

  • On-Street Parking

Home Design

  • Cottage

Interior Spaces

  • 552 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Wood Flooring
  • City Views
  • Alarm System
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5404-013-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,038

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cottage
  • Street Number Display: Yes
  • Living Area: 552
  • Stories: 1
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 1.00
  • Equipment: Alarm System
  • Price Per S Q F T: 1121.38

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5404-013-003
  • Geocode Override: No
  • Lot Size Area: 1293

Rental Info

  • Furnished: Furnished Or Unfurnished

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Oct 29, 2018
Sold by
Garner Scott Fitzgerald and Garner Sarah Ann
Bought by
Wells Victoria
Seller's Agent
Anthony Mian
Douglas Elliman
Buyer's Agent
Jared Musser
Compass
List Price
$619,000
Sold Price
$610,000
Premium/Discount to List
-$9,000
-1.45%
Current Estimated Value
$868,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,198
Avg. Annual Appreciation
5.20%
Original Mortgage
$579,500
Outstanding Balance
$508,512
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$359,686

Purchase Details

Closed on
Jun 23, 2016
Sold by
Amr Inc
Bought by
Garner Scott Fitzgerald and Bartz Sarah Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,646
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 17, 2015
Closed on
Nov 12, 2015
Sold by
Bennett Raymond J
Bought by
Amr Inc
Seller's Agent
Laura Borbon
Century 21 Allstars
Buyer's Agent
Laura Borbon
Century 21 Allstars
List Price
$249,900
Sold Price
$252,000
Premium/Discount to List
$2,100
0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.35%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wells Victoria $610,000 Chicago Title Company
Garner Scott Fitzgerald $490,000 Wfg Title Company Of Ca
Amr Inc $252,000 Wfg Title Company Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Victoria $579,500
Previous Owner Garner Scott Fitzgerald $473,646
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2018 11/14/18 Sold $610,000 -1.5% $1,105 / Sq Ft
10/25/2018 10/25/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $619,000 +25.1% $1,121 / Sq Ft
08/24/2016 08/24/16 Sold $495,000 +1.0% $897 / Sq Ft View Prior Sale
06/20/2016 06/20/16 Pending -- -- --
06/01/2016 06/01/16 Price Changed $489,900 -2.0% $888 / Sq Ft
04/01/2016 04/01/16 For Sale $499,900 +98.4% $906 / Sq Ft
12/17/2015 12/17/15 Sold $252,000 +0.8% $457 / Sq Ft View Prior Sale
08/27/2015 08/27/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $249,900 -- $453 / 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 $8,038 $680,461 $544,370 $136,091
2024 $8,038 $667,120 $533,697 $133,423
2023 $7,879 $654,040 $523,233 $130,807
2022 $7,505 $641,217 $512,974 $128,243
2021 $7,415 $628,645 $502,916 $125,729
2019 $7,188 $610,000 $488,000 $122,000
2018 $5,985 $499,800 $399,840 $99,960
2016 $3,082 $252,000 $211,000 $41,000
2015 $211 $18,107 $12,826 $5,281
2014 $218 $17,753 $12,575 $5,178
Source: Public Records

Agents Affiliated with this Home

  • Anthony Mian

    Seller's Agent in 2018

    Anthony Mian

    Douglas Elliman

    (858) 287-7008

    47 Total Sales

    Anthony Mian
    Section Image
  • Andrea Shink

    Seller Co-Listing Agent in 2018

    Andrea Shink

    Compass

    (310) 749-6440

    29 Total Sales

    Andrea Shink
    Section Image

  • J

    Buyer's Agent in 2018

    Jared Musser

    Compass

  • B

    Buyer Co-Listing Agent in 2018

    Brian Campbell

    Sotheby's International Realty

    (917) 975-7886

    1 in this area

    23 Total Sales

    Brian Campbell
    Section Image
  • Laura Borbon

    Seller's Agent in 2016

    Laura Borbon

    Century 21 Allstars

    (562) 833-0055

    65 Total Sales

    Laura Borbon
    Section Image
  • RONALD TAKEUCHI

    Buyer's Agent in 2016

    RONALD TAKEUCHI

    REALTY ONE GROUP MASTERS

    (626) 808-8430

    8 Total Sales

    RONALD TAKEUCHI
    Section Image
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Map

Source: The MLS

MLS Number: 18-397042

The MLS

APN: 5404-013-003

California Los Angeles County Los Angeles 90026 Echo Park

516 N Burlington Ave, Los Angeles, CA

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