NOT LISTED FOR SALE

Estimated Value: $742,317 - $902,000

2 Beds
2 Baths
1,262 Sq Ft
$325/mo HOA Fee

Last Sold August 03, 2020

Last sale price $620,000 $491 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,085/month

12 Days on Market

Highlights

  • Fitness Center
  • 0.52 Acre Lot
  • Security Service
  • Ralph Emerson Elementary School Rated A-
  • Clubhouse
  • Controlled Access

About This Home

As of August 2020

Remarkable 2 bedroom 2 bathroom condo located in desirable area of Burbank, minutes away from the restaurants and shops of bustling downtown Burbank. The first thing you notice is the huge living room with fireplace that opens out onto a private enclosed patio. As you come in, there is a seamless transition into the dining and large kitchen area, great for gatherings! There is a large bonus area off the kitchen and is the perfect place for a formal dining area, office room or 2nd family room. Huge master bedroom with master bath has 2 large closets and direct access to the enclosed relaxing patio area, and 2nd bedroom has access to small outdoor space. Laundry in unit, 2 non-tandem parking spaces each with its own personal storage space. Come see all this unit has to offer!

Last Agent to Sell the Property

Alice Huynh

Homequest Real Estate License #01716243 Listed on: 06/11/2020

Homequest Real Estate

Last Buyer's Agent

Alison Gilbert

Nourmand & Associates-HW License #01879624

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • Two or More Common Walls

HOA Fees

  • $325 Monthly HOA Fees

Interior Spaces

  • 1,262 Sq Ft Home
  • Gas Fireplace
  • Pest Guard System
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Schools

  • John Muir Middle School
  • Burbank High School

Utilities

  • Central Heating and Cooling System
  • Private Water Source

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 47391
  • Assessor Parcel Number 2455031047

Community Details

Overview

  • 31 Units
  • Palm Terrace Condominiums Association, Phone Number (323) 373-3182
  • Cardinal Management Group HOA
  • Maintained Community

Amenities

  • Clubhouse
  • Meeting Room

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2455031047
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1262.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 491.28
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pest Control, Gym/Ex Room, Clubhouse, Meeting Room, Maintenance Grounds, Trash, Pets Permitted, Management, Security, Controlled Access
  • Association Fee: 325.00
  • Association Fee Frequency: Monthly
  • Association Name: Palm Terrace Condominiums
  • Phone: 3233733182
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks
  • Association Management: Cardinal Management Group

Schools

  • High School: Burbank
  • Middle Or Junior School: John Muir
  • High School2: BURBAN

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 22785.00
  • Lot Size Acres: 0.5231

Multi Family

  • Lease Considered: No
  • Lot Size Area: 22785.0000 Square Feet
  • Number Of Units In Community: 31
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 3102.01
  • Tax Lot: 1
  • Tax Tract Number: 47391

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jun 26, 2020
Sold by
Wong Susie
Bought by
Orrigo Michael Gregory
Seller's Agent
Alice Huynh
Homequest Real Estate
Buyer's Agent
Alison Gilbert
Nourmand & Associates-HW
List Price
$615,000
Sold Price
$620,000
Premium/Discount to List
$5,000
0.81%
Current Estimated Value
$799,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,829
Avg. Annual Appreciation
4.76%
Original Mortgage
$496,000
Outstanding Balance
$439,820
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$360,009

Purchase Details

Closed on
Aug 8, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Wong Susie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2010
Sold by
Munguia Maribel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 23, 2006
Sold by
Beltran Oscar Humberto
Bought by
Munquia Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,800
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 22, 2004
Sold by
Scott Lace
Bought by
Beltran Oscar Humberto and Stiles Robert Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,200
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2003
Sold by
Rugar Paul J
Bought by
Scott Lace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
5%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Gerharter David M
Bought by
Rugar Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Orrigo Michael Gregory $620,000 Ticor Title Company
Wong Susie $260,000 Lsi Title Company
Federal Home Loan Mortgage Corporation $319,000 Accommodation
Munquia Maribel $459,000 Alliance Title
Beltran Oscar Humberto $424,000 First American
Scott Lace $259,000 First American Title
Rugar Paul J -- First American Title
Rugar Paul J $149,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orrigo Michael Gregory $496,000
Previous Owner Wong Susie $208,000
Previous Owner Munquia Maribel $91,800
Previous Owner Munquia Maribel $367,200
Previous Owner Beltran Oscar Humberto $339,200
Previous Owner Scott Lace $207,200
Previous Owner Rugar Paul J $119,200
Closed Rugar Paul J $14,900
Closed Scott Lace $16,800
Closed Beltran Oscar Humberto $63,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2020 08/03/20 Sold $620,000 +0.8% $491 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $615,000 -- $487 / 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 $7,286 $671,105 $461,872 $209,233
2024 $7,286 $657,947 $452,816 $205,131
2023 $7,207 $645,047 $443,938 $201,109
2022 $6,875 $632,400 $435,234 $197,166
2021 $6,846 $620,000 $426,700 $193,300
2020 $3,318 $298,604 $122,772 $175,832
2019 $3,219 $292,750 $120,365 $172,385
2018 $3,193 $287,010 $118,005 $169,005
2016 $3,020 $275,868 $113,424 $162,444
2015 $2,959 $271,725 $111,721 $160,004
2014 $2,954 $266,403 $109,533 $156,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20113384

California Regional Multiple Listing Service (CRMLS)

APN: 2455-031-047