NOT LISTED FOR SALE

524 S Reese Place Burbank, CA 91506

Rancho Adjacent Neighborhood

Estimated Value: $1,692,000 - $1,850,963

3 Beds
3 Baths
1,744 Sq Ft
$1,023/Sq Ft Est. Value

Last Sold July 14, 2020

Last sale price $1,335,000 $765 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $10,823/month

25 Days on Market

Highlights

  • Detached Guest House
  • Horses Allowed On Property
  • View of Trees or Woods
  • William McKinley Elementary School Rated A-
  • Pool House
  • Dining Room with Fireplace

About This Home

As of July 2020

Located in Burbank's coveted "Rancho Equestrian District" within walking distance to all major studios on tree lined street, this chic pool home offers modern flare & ultra custom elements. Upon entry, be greeted by romantic fireplace and formal living/dining leading to library with custom columns & book casing. Designer kitchen features Wolf appliances, double oven, pantry and breakfast bar. Open concept living room and two spacious bd+2 ba complete main. Surrounded by green foliage, the spa/pool are complemented by Zen inspired Pool house giving outdoor living a true blend of modern architecture. Draped in slabs of soft stone the BBQ/dining are highlighted by Viking wine fridges, built in backgammon, plasma TV & Bose sound creating the ultimate experience for tranquility & relaxation at every turn. Blocks to cafe's, live music, shopping, tennis, parks, LAEC & Griffith Park. Legendary Burbank schools. Minutes to DTLA & all studios: Disney, Warner Bros, Nickelodeon, Cartoon

Last Agent to Sell the Property

Marisa Rokstad

Douglas Elliman License #01894858 Listed on: 05/12/2020

Douglas Elliman

Co-Listed By

Alisa Cunningham

Douglas Elliman of California, Inc. License #01719178

Last Buyer's Agent

Christopher Pickett

Douglas Elliman License #01475927

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,819

Year Built

  • Built in 1939

Lot Details

  • 6,697 Sq Ft Lot
  • Property is zoned BUR1HY

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bar
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Home Office
  • Library
  • Loft
  • Workshop
  • Utility Room
  • Views of Woods
  • Alarm System
  • Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Driveway

Pool

  • Pool House
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Additional Features

  • Detached Guest House
  • Horses Allowed On Property
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2443-013-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,819

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1744
  • Stories: 1
  • Year Built: 1939
  • Number Of Photos: 39
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining, Living Room
  • Flooring: Hardwood, Stone, Tile
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 799.89

Exterior Features

  • Other Structures: Pool House
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, In Ground, Waterfall
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: Yes
  • Assessor Parcel Number: 2443-013-022
  • Geocode Override: No
  • Lot Size Area: 6697

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
Jun 12, 2020
Sold by
Plitt George Gregory and Plitt Janet
Bought by
Donnelly Michael and Donnelly Elizabeth
Seller's Agent
Marisa Rokstad
Douglas Elliman
Buyer's Agent
Christopher Pickett
Douglas Elliman
List Price
$1,395,000
Sold Price
$1,335,000
Premium/Discount to List
-$60,000
-4.3%
Current Estimated Value
$1,783,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,991
Avg. Annual Appreciation
5.82%
Original Mortgage
$945,000
Outstanding Balance
$861,464
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$927,816

Purchase Details

Closed on
Jun 5, 2007
Sold by
Casella Donald R and Casella Janet D
Bought by
Plitt George Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2007
Sold by
Casella Donald R and Casella Janet D
Bought by
Casella Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2003
Sold by
Robson Thomas A and Susan M Robson Trust
Bought by
Casella Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.6%

Purchase Details

Closed on
Dec 6, 2002
Sold by
Robson Susan M
Bought by
Susan M Robson Trust
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
Donnelly Michael $1,335,000 Chicago Title Company
Plitt George Gregory $875,000 North American Title Co
Casella Donald R -- None Available
Casella Donald R $390,000 Lawyers Title
Susan M Robson Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donnelly Michael $945,000
Previous Owner Plitt George Gregory $700,000
Previous Owner Casella Donald R $312,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2020 07/14/20 Sold $1,335,000 -4.3% $765 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $1,395,000 -- $800 / 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 $15,819 $1,445,044 $935,761 $509,283
2024 $15,819 $1,416,711 $917,413 $499,298
2023 $15,650 $1,388,933 $899,425 $489,508
2022 $14,938 $1,361,700 $881,790 $479,910
2021 $14,886 $1,335,000 $864,500 $470,500
2020 $12,622 $1,129,545 $831,447 $298,098
2019 $12,244 $1,107,398 $815,145 $292,253
2018 $11,698 $1,048,000 $767,000 $281,000
2016 $8,857 $800,000 $621,700 $178,300
2015 $9,653 $878,000 $682,300 $195,700
2014 $7,754 $691,000 $537,000 $154,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Marisa Rokstad

    Douglas Elliman

    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Alisa Cunningham

    Douglas Elliman of California, Inc.

  • Christopher Pickett

    Buyer's Agent in 2020

    Christopher Pickett

    Douglas Elliman

    (310) 800-7103

    48 Total Sales

    Christopher Pickett
    Section Image
  • Ernie Carswell

    Buyer Co-Listing Agent in 2020

    Ernie Carswell

    Sotheby's International Realty

    (424) 202-3226

    156 Total Sales

    Ernie Carswell
    Section Image
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Map

Source: The MLS

MLS Number: 20-569870

The MLS

APN: 2443-013-022

California Los Angeles County Burbank 91506 Rancho Adjacent

524 S Reese Place, Burbank, CA

This home is located at 524 S Reese Place, Burbank, CA 91506 since 12 May 2020 and is currently estimated at $1,783,991, approximately $1,022 per square foot. This property was built in 1939. 524 S Reese Place is a home located in Los Angeles County with nearby schools including William McKinley Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

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