NOT LISTED FOR SALE

609 E Palm Ave Unit 308 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $749,000 - $874,000

2 Beds
2 Baths
1,515 Sq Ft
0.52 Acres Lot

Sale Details

Date Sold: May 12, 2017

Last sale price $530,000 $350 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,161 / mo

29 Days on Market

Highlights

  • Fitness Center
  • 22,785 Sq Ft lot
  • Hydromassage or Jetted Bathtub
  • Ralph Emerson Elementary School Rated A-
  • Wood Flooring
  • Loft

About This Home

As of May 2017

Top floor condo with 2 Bedrooms, 2 full bathrooms and a Loft...Sundeck can be accessed from a loft...a fireplace in the living room which has vaulted ceiling...Washer/Dryer in the closet...Breakfast area in the kitchen...Bright and airy condo in convenient location...Two parkings with a mini storage in each spot...

Last Agent to Sell the Property

James Han

Redim Corp. License #02010748 Listed on: 03/16/2017

Last Buyer's Agent

Alfredo Gutierrez

License #01952997

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • 0.52

HOA Fees

  • $325 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,515 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Loft
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • Garage
  • Garage Door Opener
  • Parking Garage Space

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2455-031-062

Community Details

Overview

  • Association fees include trash, water and sewer paid
  • 31 Units
  • Low-Rise Community

Amenities

  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

0.52 Acres

HOA Fees

$325 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Low Rise
  • Street Number Display: Yes
  • Complex Name: Palm Terrace
  • Entry Floor: 3
  • Entry Location: Living Room
  • Living Area: 1515
  • Planned Urban Dev: 0
  • Year Built: 1991
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Carpet, Hardwood, Tile
  • Appliances: Free Standing Gas, Range
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub, Tub With Jets
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area
  • Laundry: In Closet
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 349.17

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Door Opener

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Gated, Smoke Detector

Association/Amenities

  • Amenities: Elevator, Fitness Center
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Trash, Water and Sewer Paid
  • HOA Fees: 325.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 2455-031-062
  • Geocode Override: No
  • Lot Size Area: 22785

Multi Family

  • Number Of Units: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
May 8, 2017
Sold by
Kim Sang Kuk
Bought by
Wu Elaine W
Seller's Agent
James Han
Redim Corp.
Buyer's Agent
Alfredo Gutierrez
List Price
$529,000
Sold Price
$530,000
Premium/Discount to List
$1,000
0.19%
Current Estimated Value
$804,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,658
Avg. Annual Appreciation
4.78%
Original Mortgage
$380,000
Outstanding Balance
$316,363
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$488,295

Purchase Details

Closed on
Apr 21, 2003
Sold by
Mirzakhanyan Sako
Bought by
Kim Sang Kuk and Park Kyung Jin

Purchase Details

Closed on
Apr 9, 2002
Sold by
Arin Investment
Bought by
Mirzakhanyan Sako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,400
Interest Rate
6.87%

Purchase Details

Closed on
Feb 5, 2002
Sold by
Mirzakhanyan Armine
Bought by
Sarkisyan Vigen

Purchase Details

Closed on
Nov 1, 2001
Sold by
Mirzakhanyan Armine
Bought by
Eisagholian Antovik

Purchase Details

Closed on
Jul 5, 2000
Sold by
Muradyan Varuzh
Bought by
Muradyan Armine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,635
Interest Rate
8.63%

Purchase Details

Closed on
Sep 2, 1999
Sold by
Penkala Christine J
Bought by
Mirzakhanyan Armine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
7.97%
Mortgage Type
Stand Alone First
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
Wu Elaine W $530,000 Chicago Title Company
Kim Sang Kuk $334,000 First American Title Co
Mirzakhanyan Sako $288,000 First American Title Co
Arin Investment -- First American Title Co
Sarkisyan Vigen $45,400 --
Eisagholian Antovik -- --
Muradyan Armine -- Fidelity National Title
Mirzakhanyan Armine $212,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Elaine W $380,000
Previous Owner Mirzakhanyan Sako $230,400
Previous Owner Muradyan Armine $40,635
Previous Owner Mirzakhanyan Armine $169,600
Closed Mirzakhanyan Armine $21,200
Closed Mirzakhanyan Sako $28,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $530,000 +0.2% $350 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $529,000 0.0% $349 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $529,000 0.0% $349 / Sq Ft
03/05/2012 03/05/12 Rented $2,100 0.0% --
02/27/2012 02/27/12 Under Contract -- -- --
02/14/2012 02/14/12 For Rent $2,100 -- --
Source: The MLS

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 $6,777 $615,105 $385,079 $230,026
2024 $6,777 $603,045 $377,529 $225,516
2023 $6,705 $591,222 $370,127 $221,095
2022 $6,399 $579,630 $362,870 $216,760
2021 $6,371 $568,265 $355,755 $212,510
2019 $6,112 $551,411 $345,204 $206,207
2018 $6,076 $540,600 $338,436 $202,164
2016 $4,555 $408,626 $256,432 $152,194
2015 $4,463 $402,489 $252,581 $149,908
2014 $4,453 $394,606 $247,634 $146,972
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Han

    Redim Corp.

    Section Image

  • A

    Buyer's Agent in 2017

    Alfredo Gutierrez

  • M

    Buyer's Agent in 2017

    Monica Hsu

  • L

    Buyer's Agent in 2012

    Linda Grigorian

See All Agents

Map

Source: The MLS

MLS Number: 17-212204

The MLS

APN: 2455-031-062

California Los Angeles County Burbank 91501 Hillside District

609 E Palm Ave Unit 308, Burbank, CA

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