Seller's Agent in 2021
Alisa Cunningham
Douglas Elliman of California, Inc.
(818) 472-2801
36 in this area
70 Total Sales
540 S Reese Place Burbank, CA 91506
Rancho Adjacent NeighborhoodEstimated Value: $1,987,000 - $2,295,000
4
Beds
3
Baths
2,887
Sq Ft
$753/Sq Ft
Est. Value
Highlights
- Community Stables
- Horse Property
- Open Floorplan
- William McKinley Elementary School Rated A-
- Primary Bedroom Suite
- 5-minute walk to Mountain View Park
About This Home
As of February 2021Presenting a modern traditional in the heart of the Rancho Equestrian District, moments to all the studios. Custom built in 2002, this contemporary home boasts a 1,000+ sqft open concept room with areas carved out for a living room with gas fireplace, media/family room and dining area with French doors opening to the outside. The elegant chef’s kitchen is appointed with stone counters, bead board cabinets and new KitchenAid appliances. Two bedrooms down plus two bedrooms up including the master bedroom retreat with 12x13 walk-in closet, luxurious bathroom with glass-walled shower, jetted spa tub and new Phylrich finishes. Option to easily make the den/office a 5th bedroom upstairs. Outside you will find an environment designed for living the California lifestyle. Expansive paver patio with barbeque area – room for all your family and friends. Large grassy area with plenty of space for a pool and/or a home for your horse. Amenities include: bonus studio off garage currently used as a gym, hardwood floors, updated systems and plantation shutters throughout. Gated driveway leads to 2 car finished garage. Close proximity to shops/restaurants of Toluca Lake, Whole Foods and all the studios: Disney, Warner Bros, Cartoon Network, Nickelodeon, Universal/NBC. Strolling distance to cafes, shops, ice skating, bowling, tennis, the Equestrian Center & access to the trails in Griffith Park. Legendary Burbank schools/services. The perfect neighborhood for living the good life!
Last Agent to Sell the Property
Douglas Elliman of California, Inc. License #01719178 Listed on: 01/06/2021
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #01759969
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,044
Year Built
- Built in 1939
Lot Details
- 6,748 Sq Ft Lot
- Landscaped
- Property is zoned BUR1HY
Parking
- 2 Car Garage
- 4 Open Parking Spaces
- Parking Available
Interior Spaces
- 2,887 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Gas Fireplace
- Living Room with Fireplace
- Views of Hills
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
Utilities
- Two cooling system units
- Central Heating and Cooling System
Additional Features
- Horse Property
- Horse Property Improved
Listing and Financial Details
- Legal Lot and Block 23 / A
- Tax Tract Number 8488
- Assessor Parcel Number 2443013018
Community Details
Overview
- No Home Owners Association
Recreation
- Community Stables
- Horse Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2021
Closed on
Feb 3, 2021
Sold by
Lamoreaux Michelle
Bought by
Kaufman Noah Jacob and Crowley Alison Elaine
Seller's Agent
Alisa Cunningham
Douglas Elliman of California, Inc.
Buyer's Agent
Andy Achen
Berkshire Hathaway HomeServices California Properties
List Price
$1,595,000
Sold Price
$1,700,000
Premium/Discount to List
$105,000
6.58%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,104
Avg. Annual Appreciation
6.15%
Original Mortgage
$1,200,000
Outstanding Balance
$1,076,354
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$1,162,291
Purchase Details
Closed on
Apr 10, 2008
Sold by
Penney John C
Bought by
Lamoreaux Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 6, 1998
Sold by
Penney John C
Bought by
Penney John C and Penney India
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
6.95%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kaufman Noah Jacob | $1,700,000 | Lawyers Title Company | |
| Lamoreaux Michelle | $1,050,000 | Fidelity National Title Co | |
| Penney John C | -- | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kaufman Noah Jacob | $1,200,000 | |
| Previous Owner | Lamoreaux Michelle | $377,750 | |
| Previous Owner | Lamoreaux Michelle | $388,000 | |
| Previous Owner | Lamoreaux Michelle | $396,000 | |
| Previous Owner | Lamoreaux Michelle | $400,000 | |
| Previous Owner | Penney John C | $250,000 | |
| Previous Owner | Penney John C | $181,000 | |
| Previous Owner | Penney John C | $28,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2021 02/05/21 | Sold | $1,700,000 | 0.0% | $589 / Sq Ft |
| 01/14/2021 01/14/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | Off Market | $1,700,000 | -- | -- |
| 01/06/2021 01/06/21 | For Sale | $1,595,000 | -- | $552 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,044 | $1,840,132 | $1,073,122 | $767,010 |
| 2024 | $20,044 | $1,804,052 | $1,052,081 | $751,971 |
| 2023 | $19,828 | $1,768,679 | $1,031,452 | $737,227 |
| 2022 | $18,924 | $1,734,000 | $1,011,228 | $722,772 |
| 2021 | $14,183 | $1,274,153 | $764,494 | $509,659 |
| 2020 | $14,026 | $1,261,090 | $756,656 | $504,434 |
| 2019 | $13,605 | $1,236,364 | $741,820 | $494,544 |
| 2018 | $13,494 | $1,212,123 | $727,275 | $484,848 |
| 2016 | $11,828 | $1,075,000 | $644,800 | $430,200 |
| 2015 | $10,862 | $992,000 | $595,000 | $397,000 |
| 2014 | $11,040 | $992,000 | $595,000 | $397,000 |
Source: Public Records
Agents Affiliated with this Home
-
Alisa Cunningham
-
Andy Achen
Buyer's Agent in 2021
Andy Achen
Berkshire Hathaway HomeServices California Properties
(818) 528-3200
1 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB20264966
APN: 2443-013-018
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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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