NOT LISTED FOR SALE

551 Palm Dr Glendale, CA 91202

Glenwood Neighborhood

Estimated Value: $1,364,000 - $1,778,045

4 Beds
4 Baths
2,586 Sq Ft
$599/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $1,175,000 $454 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $9,319/month

56 Days on Market

Highlights

  • Wood Flooring
  • Herbert Hoover High School Rated A-
  • No HOA

About This Home

As of September 2019

Four units in Northwest Glendale, above Glenoaks Bl. Two bedroom house in front, Two 1 bedroom 1 bath units and one studio at the back. Front house has very open floor plan with large living room formal dining room, laminated floors. Updated bathroom, bright kitchen, laundry inside. Currently vacant great for owner user. Unit A has one bedroom one bath, recently updated with new kitchen, new bathroom, refurbished hardwood floors; rent is $1490.00 unit B has one bedroom one bath, original hardwood floors, original kitchen and bathroom; rent is $1125.00 Unit C is a studio with original kitchen, bathroom; rent is $900.00. Four car garages, centrally located, close to Freeways, Schools, shops....Great opportunity for investors or owner users.

Last Agent to Sell the Property

Angela Julfayan

Coldwell Banker Hallmark License #01086029 Listed on: 07/15/2019

Coldwell Banker Hallmark

Last Buyer's Agent

Nick Younanian

Excel Real Estate Services License #01105415

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,055

Year Built

  • Built in 1923

Lot Details

  • 6,230 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,586 Sq Ft Home

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Listing and Financial Details

  • Assessor Parcel Number 5634028015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,055

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5634028015
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Wood, Laminate
  • Levels: One, Two
  • Price Per Square Foot: 454.37

Exterior Features

  • Pool Private: No
  • Spa: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6230.00
  • Lot Size Acres: 0.1430

Multi Family

  • Lot Size Area: 6230.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2019
Closed on
Aug 8, 2019
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Younanian Nick N and Younanian Anita G
Seller's Agent
Angela Julfayan
Coldwell Banker Hallmark
Buyer's Agent
Nick Younanian
Excel Real Estate Services
List Price
$1,199,000
Sold Price
$1,175,000
Premium/Discount to List
-$24,000
-2%
Current Estimated Value
$1,549,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,011
Avg. Annual Appreciation
4.58%
Original Mortgage
$931,000
Outstanding Balance
$815,384
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$733,627

Purchase Details

Closed on
Nov 28, 2017
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2014
Sold by
William Lyon Homes Inc
Bought by
Covey Jason and Covey Rhiannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2010
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2007
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,500
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 3, 2004
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Family 2004 Trust

Purchase Details

Closed on
Sep 20, 1999
Sold by
Grigorian Vahe and Grigorian Alice
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
8.09%

Purchase Details

Closed on
Dec 1, 1998
Sold by
Grigorian Vahe and Grigorian Alice
Bought by
Grigorian Vahe and Grigorian Alice

Purchase Details

Closed on
Oct 16, 1995
Sold by
California Federal Bank Fsb
Bought by
Grigorian Vahe and Grigorian Alice K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Interest Rate
7.58%

Purchase Details

Closed on
Aug 29, 1995
Sold by
Asatourian Rolin K and Savadian Genia M
Bought by
California Federal Bank Fsb and California Fsla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Interest Rate
7.58%
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
Younanian Nick N $1,175,000 North American Title Company
Hasholian Minas -- Ticor Title Company Of Ca
Covey Jason $991,500 Fidelity National Title Co
Hasholian Minas -- Mortgage Information Service
Hasholian Minas -- Lawyers Title
Hasholian Minas -- Fidelity National Title Comp
Hasholian Minas -- Fidelity National Title Comp
Hasholian Minas -- Fidelity National Title Comp
Hasholian Family 2004 Trust -- --
Hasholian Minas $330,000 First American Title Co
Grigorian Vahe -- --
Grigorian Vahe $253,000 Chicago Title Co
California Federal Bank Fsb $348,337 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younanian Nick N $931,000
Previous Owner Hasholian Minas $715,000
Previous Owner Covey Jason $792,000
Previous Owner Hasholian Minas $662,500
Previous Owner Hasholian Minas $668,500
Previous Owner Hasholian Minas $150,000
Previous Owner Hasholian Minas $264,000
Previous Owner Grigorian Vahe $202,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2019 09/09/19 Sold $1,175,000 -2.0% $454 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $1,199,000 -- $464 / 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
2025 $14,055 $1,285,031 $929,598 $355,433
2024 $14,055 $1,259,835 $911,371 $348,464
2023 $13,736 $1,235,133 $893,501 $341,632
2022 $13,499 $1,210,916 $875,982 $334,934
2021 $13,267 $1,187,173 $858,806 $328,367
2020 $13,077 $1,175,580 $850,000 $325,580
2019 $5,245 $455,247 $275,558 $179,689
2018 $5,091 $446,333 $270,155 $176,178
2017 $5,014 $437,013 $264,858 $172,155
2016 $4,840 $428,445 $259,665 $168,780
2015 $4,744 $422,010 $255,765 $166,245
2014 $4,727 $413,744 $250,755 $162,989
Source: Public Records

Agents Affiliated with this Home

  • Angela Julfayan

    Seller's Agent in 2019

    Angela Julfayan

    Coldwell Banker Hallmark

    (818) 476-3000

    2 in this area

    31 Total Sales

    Angela Julfayan
    Section Image
  • Nick Younanian

    Buyer's Agent in 2019

    Nick Younanian

    Excel Real Estate Services

    (818) 241-7100

    3 Total Sales

    Nick Younanian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 319002821

California Regional Multiple Listing Service (CRMLS)

APN: 5634-028-015

California Los Angeles County Glendale 91202 Glenwood

551 Palm Dr, Glendale, CA

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