NOT LISTED FOR SALE

609 E Palm Ave Unit 208 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $711,288 - $761,000

2 Beds
2 Baths
1,228 Sq Ft
$325/mo HOA Fee

Last Sold May 15, 2017

Last sale price $510,000 $415 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,729/month

41 Days on Market

Highlights

  • Fitness Center
  • 0.52 Acre Lot
  • 2 Car Attached Garage
  • Ralph Emerson Elementary School Rated A-
  • Banquet Facilities
  • Parking Storage or Cabinetry

About This Home

As of May 2017

A beautifully remodeled 2Bed 2Bath condo located in the highly desirable area of Burbank, above Glenoaks! This second floor corner unit has a large balcony with street views. The unit is very light and bright surrounded by large windows, and ready to move in condition for the next buyer. With a Fireplace in the Living room, remodeled bathrooms and kitchen that offer granite counter tops and stainless steel appliances, this unit will not stay on the market too long. 2 subterranean parking spaces, storage space, in unit newer washer, dryer and water heater. This complex has a gym and club house, elevator and low HOA fees.

Last Agent to Sell the Property

Karineh Megerdichian

LPT Realty License #01836078 Listed on: 04/04/2017

LPT Realty

Co-Listed By

Andrea Megerdichian

LPT Realty License #01975185

Last Buyer's Agent

Billy Lam

Neighborhood Home Tour License #01247106

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • 0.52

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Parking Available

Interior Spaces

  • 1,228 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 1 Common Wall
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 2455031052

Community Details

Overview

  • Palm Terrace HOA

Amenities

  • Banquet Facilities

Recreation

  • Fitness Center

Property Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

0

HOA Fees

$325 per month

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: 32 Samsung TV, 32 Vizio TV, All Appliances, Washer/Dryer, Tulip Picture Frame in the living area.
  • Property Attached: Yes
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2455031052
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1228.00
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 415.31

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Banquet Facilities, Gym/Ex Room
  • Association Fee: 325.00
  • Association Fee Frequency: Monthly
  • Association Name: Palm Terrace HOA

Lot Info

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

Multi Family

  • Lease Considered: No
  • Lot Size Area: 22785.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2017
Closed on
Apr 17, 2017
Sold by
Cruz James Dela
Bought by
Barbour Cory R
Seller's Agent
Karineh Megerdichian
LPT Realty
Buyer's Agent
Billy Lam
Neighborhood Home Tour
List Price
$510,000
Sold Price
$510,000
Current Estimated Value
$739,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,322
Avg. Annual Appreciation
4.39%
Original Mortgage
$382,500
Outstanding Balance
$313,022
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$426,300

Purchase Details

Closed on
May 2, 2005
Sold by
Kokorina Svetlana
Bought by
Dela Cruz James and Dela Cruz Hermilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2004
Sold by
Kokorin Viktor
Bought by
Kokorina Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2004
Sold by
Tutunjian Anahit
Bought by
Kokorina Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Atoyan Arevat
Bought by
Tutunjian Anahit

Purchase Details

Closed on
Oct 12, 2000
Sold by
Atoyan Arevat
Bought by
Atoyan Arevat and Atoyan Anoush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 8, 1999
Sold by
Wilkinson Sydney E
Bought by
Atoyan Arevat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
9.75%
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
Barbour Cory R $510,000 North American Title Company
Dela Cruz James $450,000 Commonwealth Title
Kokorina Svetlana -- Fidelity National Financial
Kokorina Svetlana $328,000 Fidelity National Financial
Tutunjian Anahit $349,000 United Title Company
Atoyan Arevat -- United Title Company
Tutunjian Anahit -- United Title Company
Atoyan Arevat -- First American Title Ins Co
Atoyan Arevat $175,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barbour Cory R $382,500
Previous Owner Dela Cruz James $359,650
Previous Owner Kokorina Svetlana $262,400
Previous Owner Atoyan Arevat $58,000
Previous Owner Atoyan Arevat $131,200
Closed Kokorina Svetlana $32,800
Closed Dela Cruz James $45,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2017 05/15/17 Sold $510,000 0.0% $415 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $510,000 -- $415 / 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 $6,508 $591,891 $381,711 $210,180
2024 $6,508 $580,286 $374,227 $206,059
2023 $6,439 $568,909 $366,890 $202,019
2022 $6,144 $557,755 $359,697 $198,058
2021 $6,119 $546,820 $352,645 $194,175
2019 $5,869 $530,603 $342,187 $188,416
2018 $5,835 $520,200 $335,478 $184,722
2016 $5,005 $458,000 $328,000 $130,000
2015 $4,543 $418,000 $299,000 $119,000
2014 $4,401 $398,000 $284,300 $113,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Karineh Megerdichian

    LPT Realty

    (818) 476-3000

    2 in this area

    29 Total Sales

    Karineh Megerdichian
    Section Image
  • Andrea Megerdichian

    Seller Co-Listing Agent in 2017

    Andrea Megerdichian

    LPT Realty

    (818) 212-7600

    3 in this area

    69 Total Sales

    Andrea Megerdichian
    Section Image

  • B

    Buyer's Agent in 2017

    Billy Lam

    Neighborhood Home Tour

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 317002854

California Regional Multiple Listing Service (CRMLS)

APN: 2455-031-052

California Los Angeles County Burbank 91501 Hillside District

609 E Palm Ave Unit 208, Burbank, CA

Not Listed for Sale

Condos

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