NOT LISTED FOR SALE

607 N Fairview St Burbank, CA 91505

Magnolia Park Neighborhood

Estimated Value: $827,000 - $1,365,261

2 Beds
1 Bath
805 Sq Ft
$1,467/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $825,000 $1,025 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,058/month

Highlights

  • End Unit
  • Quartz Countertops
  • Eat-In Kitchen
  • Dolores Huerta Middle School Rated A-
  • No HOA
  • Bathtub

About This Home

As of September 2020

Beautifully Remodelled 2 Bedroom, 1 Bathroom Duplex Unit in the highly desirable Magnolia Park neighborhood with close proximity to Magnolia Park, Disney Studios, Warner Bros, Universal Studios, and Downtown Burbank. Featuring an open floor plan with recently remodeled kitchen, quartz countertops, glass tile backsplash, a beautiful bathroom, in-unit laundry hookup, and laminate floors. Additionally, there are recessed LED lights throughout, new windows and doors with a private patio.

Last Agent to Rent the Property

Omar Bardumyan

Keller Williams Real Estate Services License #01835366 Listed on: 08/20/2020

Keller Williams Real Estate Services

Last Renter's Agent

Omar Bardumyan

Keller Williams Real Estate Services License #01835366 Listed on: 08/20/2020

Keller Williams Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 5,883 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Duplex

Interior Spaces

  • 805 Sq Ft Home
  • Family Room
  • Living Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Kitchen Island
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Security Deposit $5,390
  • 12-Month Minimum Lease Term
  • Available 8/21/20
  • Tax Lot 31
  • Tax Tract Number 13174
  • Assessor Parcel Number 2480024019

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2020-08-21
  • Credit Check Paid By: Owner
  • Deposit Security: 5390
  • Furnished: Unfurnished

Listing Details

  • Structure Type: Duplex
  • Property Attached: Yes
  • View: No
  • Zoning: BUR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 2480024019
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 805.00 Square Feet
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.35
  • Room Type: All Bedrooms Down, Family Room, Living Room
  • Bathroom Features: Bathtub
  • Room Kitchen Features: Kitchen Island, Quartz Counters

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5883.00
  • Lot Size Acres: 0.1351

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 5883.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 3115.00
  • Tax Lot: 31
  • Tax Tract Number: 13174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2019
Sold by
Derian Michael R and Derian Rina
Bought by
Derian Michael R and Derian Rina
Current Estimated Value
$1,180,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,000
Outstanding Balance
$469,591
Interest Rate
4.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$710,974

Purchase Details

Closed on
Feb 15, 2019
Sold by
Derian Michael R and Derian Rina
Bought by
Derian Michael R and Derian Rina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,000
Outstanding Balance
$469,591
Interest Rate
4.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$710,974

Purchase Details

Listed on
Sep 8, 2016
Closed on
Sep 20, 2016
Sold by
Scher David
Bought by
Derian Michael R and Derian Rina
Seller's Agent
Elizabeth Maddox
No Firm Affiliation
Buyer's Agent
Elizabeth Maddox
No Firm Affiliation
List Price
$750,000
Sold Price
$825,000
Premium/Discount to List
$75,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%
Original Mortgage
$618,750
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2007
Sold by
Scher Elsie A
Bought by
Scher David

Purchase Details

Closed on
Jan 31, 2004
Sold by
Scher Elsie Alice
Bought by
Elsie A Scher Living Trust

Purchase Details

Closed on
Dec 27, 2002
Sold by
Scher Elsie Alice
Bought by
Scher Elsie Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving
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
Derian Michael R -- Chicago Title
Derian Michael R -- Chicago Title Company
Derian Michael R $825,000 Provident Title Company
Scher David $53,000 None Available
Scher Elsie A -- None Available
Elsie A Scher Living Trust -- --
Scher Elsie Alice -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derian Michael R $529,000
Closed Derian Michael R $618,750
Previous Owner Scher Elsie Alice $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2020 09/14/20 Rented $2,695 0.0% --
08/20/2020 08/20/20 For Rent $2,695 +8.0% --
06/28/2017 06/28/17 Rented $2,495 0.0% --
06/12/2017 06/12/17 Price Changed $2,495 -10.7% $3 / Sq Ft
05/26/2017 05/26/17 For Rent $2,795 0.0% --
10/21/2016 10/21/16 Sold $825,000 +10.0% $386 / Sq Ft View Prior Sale
09/15/2016 09/15/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $750,000 -- $351 / 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 $10,615 $957,477 $522,260 $435,217
2024 $10,615 $938,704 $512,020 $426,684
2023 $10,503 $920,299 $501,981 $418,318
2022 $10,029 $902,255 $492,139 $410,116
2021 $9,987 $884,565 $482,490 $402,075
2019 $9,584 $858,330 $468,180 $390,150
2018 $9,448 $841,500 $459,000 $382,500
2016 $904 $69,123 $26,899 $42,224
2015 $888 $68,085 $26,495 $41,590
2014 $901 $66,752 $25,976 $40,776
Source: Public Records

Agents Affiliated with this Home

  • Omar Bardumyan

    Landlord's Agent in 2020

    Omar Bardumyan

    Keller Williams Real Estate Services

    (818) 600-1787

    42 Total Sales

    Omar Bardumyan
    Section Image

  • H

    Buyer's Agent in 2017

    Hike Haroutunian

    Real Estate Source, Inc.

    Section Image

  • E

    Seller's Agent in 2016

    Elizabeth Maddox

    No Firm Affiliation

    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Michael Moran

    No Firm Affiliation

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20169940

California Regional Multiple Listing Service (CRMLS)

APN: 2480-024-019

California Los Angeles County Burbank 91505 Magnolia Park

607 N Fairview St, Burbank, CA

Not Listed for Sale

MultiFamily

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