NOT LISTED FOR SALE

531 N Fairview St Burbank, CA 91505

Magnolia Park Neighborhood

Estimated Value: $1,293,000 - $1,476,291

4 Beds
2 Baths
1,700 Sq Ft
$817/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $1,250,000 $735 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,901/month

4 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Living Room
  • Dolores Huerta Middle School Rated A-
  • Den
  • 4-minute walk to Verdugo Park & Recreation Center

About This Home

As of March 2022

Prime 1700 square foot Duplex in the heart of Burbank. Quiet pride of ownership neighborhood with a nice mix of homes and duplexes. The front owner's unit has 2 bedrooms, one bath, a dining area and a den and will be delivered vacant. The back unit is tenant occupied and is also a 2+1. 6,122 square foot R3 lot and detached two car garage so use your imagination for a possible ADU opportunity. Excellent curb appeal and location. Easy access to the 5 and 134 freeways and all that Burbank has to offer including their renowned school district.

Last Agent to Sell the Property

Mike Cosgrove

Keller Williams Luxury License #00696438 Listed on: 01/28/2022

Keller Williams Luxury

Last Buyer's Agent

Judy Stevens

Equity Union License #00980668

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,503

Year Built

  • Built in 1944

Lot Details

  • 6,122 Sq Ft Lot
  • Lot Dimensions are 60x102
  • 1 Common Wall
  • Rectangular Lot
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,700 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Den
  • Electric Oven
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • No Interior Steps
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 13174
  • Assessor Parcel Number 2480025013

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,503

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Washer Dryer Refrigerator without warranty
  • Price Per Unit: 482475
  • Property Attached: Yes
  • View: No
  • Zoning: BUR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2480025013
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 735.29
  • Room Type: Den, Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size: 60x102
  • Lot Size Sq Ft: 6122.00
  • Lot Size Acres: 0.1405

Multi Family

  • Lot Size Area: 6122.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Rent Control: No

Tax Info

  • Tax Census Tract: 3115.00
  • Tax Lot: 36
  • Tax Tract Number: 13174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Feb 2, 2022
Sold by
Michael Celani Revocable Trust
Bought by
Hsu Family Trust
Seller's Agent
Mike Cosgrove
Keller Williams Luxury
Buyer's Agent
Judy Stevens
Equity Union
List Price
$964,950
Sold Price
$1,250,000
Premium/Discount to List
$285,050
29.54%
Current Estimated Value
$1,388,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,823
Avg. Annual Appreciation
3.43%

Purchase Details

Closed on
Jan 25, 2012
Sold by
Celani Emil A
Bought by
Celani Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2009
Sold by
Celani Michael
Bought by
Celani Michael and Celani Emil A

Purchase Details

Closed on
Dec 14, 2007
Sold by
Celani Michael
Bought by
Celani Michael and Michael Celani Revocable Trust

Purchase Details

Closed on
Apr 18, 2005
Sold by
Derosa Mary Ann
Bought by
Celani Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2001
Sold by
Celani Michael
Bought by
Celani Michael and Derosa Mary Ann

Purchase Details

Closed on
Jan 4, 2001
Sold by
Celani Emil A
Bought by
Celani Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
7.41%
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 Buyer Sale Price Title Company
Hsu Family Trust $1,250,000 First American Title Company O
Celani Michael -- First American Title Company
Celani Michael -- Accommodation
Celani Michael -- None Available
Celani Michael -- Accommodation
Celani Michael -- --
Celani Michael -- First American
Celani Michael -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Celani Michael $348,000
Previous Owner Celani Michael $351,500
Previous Owner Celani Michael $303,000
Previous Owner Celani Michael $275,000
Previous Owner Celani Michael $90,000
Previous Owner Celani Michael $184,400
Previous Owner Celani Michael $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $1,250,000 +29.5% $735 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $964,950 -- $568 / 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
2024 $14,503 $1,300,500 $1,040,400 $260,100
2023 $14,348 $1,275,000 $1,020,000 $255,000
2022 $3,973 $354,962 $255,578 $99,384
2021 $3,950 $348,003 $250,567 $97,436
2019 $3,791 $337,683 $243,136 $94,547
2018 $3,721 $331,063 $238,369 $92,694
2016 $3,520 $318,210 $229,114 $89,096
2015 $3,449 $313,431 $225,673 $87,758
2014 $3,449 $307,292 $221,253 $86,039
Source: Public Records

Agents Affiliated with this Home

  • Mike Cosgrove

    Seller's Agent in 2022

    Mike Cosgrove

    Keller Williams Luxury

    (818) 321-1031

    1 in this area

    19 Total Sales

    Mike Cosgrove
    Section Image

  • J

    Buyer's Agent in 2022

    Judy Stevens

    Equity Union

    Section Image

  • S

    Buyer Co-Listing Agent in 2022

    Steve Stevens

    Equity Union

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22004953

California Regional Multiple Listing Service (CRMLS)

APN: 2480-025-013

California Los Angeles County Burbank 91505 Magnolia Park

531 N Fairview St, Burbank, CA

This home is located at 531 N Fairview St, Burbank, CA 91505 since 28 January 2022 and is currently estimated at $1,388,823, approximately $816 per square foot. This property was built in 1944. 531 N Fairview St is a home located in Los Angeles County with nearby schools including Dolores Huerta Middle School, John Burroughs High School, and Burbank Montessori Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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