$780,000
SOLD APR 15, 2025
2 Beds
2 Baths
1,426 Sq Ft
$444/mo HOA Fee

Recently Sold

$547 Per Sq Ft

8% Below List Price

42 Days on Market

Highlights

  • Fitness Center
  • Automatic Gate
  • Main Floor Primary Bedroom
  • Ralph Emerson Elementary School Rated A-
  • 0.52 Acre Lot
  • High Ceiling

About This Home

As of April 2025

Welcome to 609 E Palm Ave Unit 301, a stunning 1,426-square-foot condominium in the heart of Burbank. This spacious two-bedroom, two-bath home offers an exceptional layout that includes a versatile loft, perfect for a home office, creative space, or additional living area. The condo boasts a bright and open floor plan with high ceilings and abundant natural light. The spacious patio provides the perfect outdoor space for morning coffee or relaxation in the evening. The kitchen upgraded kitchen comes with ample cabinet space and a large, built-in refirgerator, as well as a nice sized eating area. There are two assigned parking spaces in the gated garage, as well as elevator access. Located near vibrant local attractions, dining, and entertainment, this home is ideal for anyone looking to experience the best of Burbank living.

Last Agent to Sell the Property

Alicia Wright

First Team Real Estate North Tustin Brokerage Phone: 714 273-4056 License #01120929 Listed on: 01/27/2025

Co-Listed By

Lillian Barrett

First Team Real Estate North Tustin Brokerage Phone: 714 273-4056 License #01938807

Last Buyer's Agent

Tatevik Hovhannisyan

Remax Optima License #02222832

Remax Optima

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $444 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Carport Spaces
  • Parking Available
  • Automatic Gate
  • Controlled Entrance

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,426 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Entryway
  • Family Room with Fireplace
  • Living Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bathtub

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 47391
  • Assessor Parcel Number 2455031059
  • $152 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • Front Yard Maintenance
  • 31 Units
  • Palm Terrace Association, Phone Number (805) 529-1400
  • Westcom Property Services HOA

Recreation

  • Fitness Center

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

0

HOA Fees

$444 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate
  • View: Yes
  • Zoning: BUR4*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2455031059
  • Year Built: 1991
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1426.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 3
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 546.98
  • Room Type: Entry, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom
  • Bathroom Features: Bathtub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: No
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance, Covered, Direct Garage Access, Gated, Subterranean
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Gym/Ex Room, Trash, Sewer, Water, Management, Controlled Access, Maintenance Front Yard
  • Association Fee: 444.00
  • Association Fee Frequency: Monthly
  • Association Name: Palm Terrace
  • Phone: 805-529-1400
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Gutters, Sidewalks, Street Lights
  • Association Management: Westcom Property Services

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 22792.00
  • Lot Size Acres: 0.5232

Multi Family

  • Lease Considered: No
  • Lot Size Area: 22792.0000 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
  • TaxOtherAnnualAssessmentAmount: 152.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2025
Closed on
Apr 10, 2025
Sold by
Steve N Altinis Living Trust and Sabiha N Altinis Living Trust
Bought by
Kolsuzyan Haik
Seller's Agent
Alicia Wright
First Team Real Estate North Tustin
Buyer's Agent
Tatevik Hovhannisyan
Remax Optima
List Price
$850,000
Sold Price
$780,000
Premium/Discount to List
-$70,000
-8.24%
Views
35
Current Estimated Value
$792,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,241
Avg. Annual Appreciation
2.28%
Original Mortgage
$702,000
Outstanding Balance
$697,078
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$95,163

Purchase Details

Closed on
Jan 10, 2013
Sold by
Altinis Sabiha N and Sabiha N Altinis Living Trust
Bought by
Altinis Sabiha N and Sabiha N Altinis Living Trust

Purchase Details

Closed on
Mar 8, 2002
Sold by
Altinis Sabiha N
Bought by
Altinis Sabiha N and Sabiha N Altinis Living Trust

Purchase Details

Closed on
Jan 3, 2002
Sold by
Altinis Steve N
Bought by
Altinis Steve N and Steve N Altinis Living Trust

Purchase Details

Closed on
Mar 30, 2001
Sold by
Sener Alex I and Sener Karen L
Bought by
Altinis Steve N

Purchase Details

Closed on
Apr 10, 1996
Sold by
Sener Alex
Bought by
Sener Alex I and Sener Karen L
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 Type Sale Price Title Company
Grant Deed $780,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed $240,000 Chicago Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $702,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2025 04/15/25 Sold $780,000 -2.5% $547 / Sq Ft
02/23/2025 02/23/25 Price Changed $799,999 -5.9% $561 / Sq Ft
01/27/2025 01/27/25 For Sale $850,000 -- $596 / 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 $3,967 $361,620 $191,509 $170,111
2024 $3,967 $354,530 $187,754 $166,776
2023 $3,924 $347,579 $184,073 $163,506
2022 $3,743 $340,764 $180,464 $160,300
2021 $3,722 $334,083 $176,926 $157,157
2019 $3,569 $324,176 $171,679 $152,497
2018 $3,542 $317,820 $168,313 $149,507
2016 $3,350 $305,480 $161,778 $143,702
2015 $3,282 $300,892 $159,348 $141,544
2014 $3,275 $294,999 $156,227 $138,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25019510

California Regional Multiple Listing Service (CRMLS)

APN: 2455-031-059