NOT LISTED FOR SALE

556 E Palm Ave Unit 101 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $911,000 - $1,103,000

3 Beds
2 Baths
1,605 Sq Ft
$310/mo HOA Fee

Last Sold June 24, 2021

Last sale price $835,000 $520 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,277/month

34 Days on Market

Highlights

  • 0.35 Acre Lot
  • Wood Flooring
  • Balcony
  • Ralph Emerson Elementary School Rated A-
  • High Ceiling
  • 2 Car Attached Garage

About This Home

As of June 2021

Showings starts April 20th: Gorgeous Mediterranean Front unit Condo in the heart of Burbank. This luxurious 3 bedroom, 2 bath condo is full of amenities. The home features, 9 foot ceilings with recessed lighting, two big private balconies and extra storage space. The kitchen features cherry wood cabinets, granite counters and stainless steel appliances, In Unit Washer and Dryer. Master bedroom has walk-in closet, All bedrooms have access to balconies as well as Living Room. Enjoy the front unit views, abundance of natural light and wonderful cool cross breeze throughout the unit. Located within close distance to downtown Burbank's mall, shops, restaurants, comedy club and movie theaters, this unit makes the perfect home.

Last Agent to Sell the Property

Naira Khnkoyan

Platinum Realty Group Inc License #01257038 Listed on: 04/13/2021

Last Buyer's Agent

Karine Sarkisyan

Keller Williams R. E. Services License #01966892

Keller Williams R. E. Services

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2009

Lot Details

  • 1 Common Wall

HOA Fees

  • $310 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,605 Sq Ft Home
  • High Ceiling

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 556 Palm Court Homeowners Asociaton Association
  • Not Applicable 105 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2455027042

Property Details

Home Type

Condominium

Year Built

Built in 2009

Lot Details

0

HOA Fees

$310 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-610
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2455027042
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1605.00
  • Interior Amenities: Balcony, High Ceilings
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 520.25

Exterior Features

  • Patio: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Natural Gas, Central
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Sewer, Trash
  • Association Fee: 310.00
  • Association Fee Frequency: Monthly
  • Association Name: 556 Palm Court Homeowners Asociaton

Lot Info

  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Size Sq Ft: 15096.00
  • Lot Size Acres: 0.3466

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15096.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2022
Sold by
Armine Tshantshapanyan
Bought by
Avetisyan David
Current Estimated Value
$974,534

Purchase Details

Closed on
Jan 12, 2010
Sold by
556 Palm Llc
Bought by
Balasanyan Misak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2009
Sold by
Garibova Lilit
Bought by
Balasanyan Misak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.68%
Mortgage Type
New Conventional
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
Avetisyan David -- Accommodation/Courtesy Recordi
Balasanyan Misak $525,000 Chicago Title
Balasanyan Misak -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balasanyan Misak $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2021 06/24/21 Sold $835,000 -3.5% $520 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $865,000 +3.6% $539 / Sq Ft
04/13/2021 04/13/21 Off Market $835,000 -- --
04/13/2021 04/13/21 For Sale $865,000 -- $539 / 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 $10,326 $914,891 $588,932 $325,959
2024 $10,012 $896,953 $577,385 $319,568
2023 $9,787 $868,733 $562,128 $306,605
2022 $9,340 $851,700 $551,106 $300,594
2021 $7,014 $626,062 $371,940 $254,122
2020 $6,935 $619,644 $368,127 $251,517
2019 $6,728 $607,495 $360,909 $246,586
2018 $6,684 $595,584 $353,833 $241,751
2016 $6,344 $572,459 $340,095 $232,364
2015 $6,215 $563,861 $334,987 $228,874
2014 $6,198 $552,817 $328,426 $224,391
Source: Public Records

Agents Affiliated with this Home

  • Naira Khnkoyan

    Seller's Agent in 2021

    Naira Khnkoyan

    Platinum Realty Group Inc

    (818) 850-7653

    5 in this area

    65 Total Sales

    Naira Khnkoyan
    Section Image

  • K

    Buyer's Agent in 2021

    Karine Sarkisyan

    Keller Williams R. E. Services

    (818) 850-7653

    3 in this area

    13 Total Sales

    Karine Sarkisyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320005464

California Regional Multiple Listing Service (CRMLS)

APN: 2455-027-042

California Los Angeles County Burbank 91501 Hillside District

556 E Palm Ave Unit 101, Burbank, CA

Not Listed for Sale

Condos

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