NOT LISTED FOR SALE

537 E Palm Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,121,000 - $1,369,000

3 Beds
2 Baths
1,508 Sq Ft
$835/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $750,000 $497 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,367/month

8 Days on Market

Highlights

  • No HOA
  • Enclosed Patio or Porch
  • Air Conditioning
  • Ralph Emerson Elementary School Rated A-
  • Built-In Features
  • Laundry Room

About This Home

As of November 2018

Calling all Investors! This property is zoned for three units per City. Currently there is an original house with no upgrades. Original features still exists. There is an opportunity to completely remodel house and add two rental units or start new with 3 units/condos. Trust Sale. Property next door has duplicate zoning, a front house and 2 rental units in back and sold for $880,000 in 2014. No concessions or repairs will be made. The street is lined with apartment buildings and this is your opportunity to customize one of the two last properties on the block. Walking distance to Glen Oaks Blvd.

Last Agent to Sell the Property

Robyn Love

Steve Love License #00634704 Listed on: 10/22/2018

Last Buyer's Agent

TJ Giagnocavo

License #01089821

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 7,787 Sq Ft Lot
  • Property is zoned BUR4*

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 1,508 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Air Conditioning
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2455-030-011

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 1508
  • Probate: Yes
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 530.50

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Cooling: Air Conditioning
  • Heating: Floor Furnace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2455-030-011
  • Geocode Override: No
  • Lot Size Area: 7787

Rental Info

  • Court Approve: No

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Nov 9, 2018
Sold by
Mcelwain Samuel K and Betty S Mc Elwain Family Trust
Bought by
Palm Townhomes Llc
Seller's Agent
Robyn Love
Steve Love
Buyer's Agent
TJ Giagnocavo
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%
Current Estimated Value
$1,258,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,884
Avg. Annual Appreciation
7.59%

Purchase Details

Closed on
Jun 1, 2000
Sold by
Mcelwain Thomas G
Bought by
Mcelwain Betty S and Mcelwain Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palm Townhomes Llc $750,000 None Available
Mcelwain Betty S -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $750,000 -6.3% $497 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $800,000 -- $531 / 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 $9,253 $836,634 $669,309 $167,325
2024 $9,253 $820,231 $656,186 $164,045
2023 $9,155 $804,149 $643,320 $160,829
2022 $8,740 $788,382 $630,706 $157,676
2021 $8,706 $772,925 $618,340 $154,585
2020 $8,611 $765,000 $612,000 $153,000
2019 $8,355 $750,000 $600,000 $150,000
2018 $914 $76,004 $42,437 $33,567
2016 $849 $73,054 $40,790 $32,264
2015 $833 $71,958 $40,178 $31,780
2014 $840 $70,549 $39,391 $31,158
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robyn Love

    Steve Love

    (818) 718-8956

    Robyn Love
    Section Image

  • T

    Buyer's Agent in 2018

    TJ Giagnocavo

  • A

    Buyer's Agent in 2018

    Armen Bandarian

See All Agents

Map

Source: The MLS

MLS Number: 18-400914

The MLS

APN: 2455-030-011

California Los Angeles County Burbank 91501 Hillside District

537 E Palm Ave, Burbank, CA

Not Listed for Sale

Detached

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