NOT LISTED FOR SALE

616 S Reese Place Burbank, CA 91506

Rancho Adjacent Neighborhood

Estimated Value: $1,706,000 - $2,062,000

3 Beds
2.5 Baths
1,579 Sq Ft
$1,168/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $1,385,000 $877 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $11,346/month

32 Days on Market

Highlights

  • Horse Property
  • In Ground Pool
  • Mountain View
  • William McKinley Elementary School Rated A-
  • Updated Kitchen
  • Property is near a park

About This Home

As of January 2021

Located right in the middle of the Rancho on a great tree lined street sits this phenomenal horse property. The house sits beautifully facing the street and one notices immediately the artistic beveled glass windows. Upon entry one sees the large open living room with beautiful hardwood floors throughout the home. 3 bedrooms and 3 baths. Absolutely lovely master en suite. Updated kitchen and bathrooms create a luxurious home. When entering the backyard is a beautifully tiled outdoor kitchen with appliances and counter seating. There is an in ground pool and just touch a button and you can swim against a wave. In ground spa as well. Behind the greenery is a beautiful 3 stall Castlebrooke Barn with large turnouts for each stall. There is also a tack/sitting room to sit and watch your horses. Also a feed and hay room as well. At the end of the long driveway is a garage. A really beautiful and immaculate property to call home in the Rancho. Close to restaurants, Los Angeles Equestrian Center, trails of Griffith Park and Studios as well as a great neighborhood.

Last Agent to Sell the Property

Jay Geisenheimer

Rodeo Realty, Inc. License #01301526 Listed on: 10/29/2020

Rodeo Realty, Inc.

Last Buyer's Agent

Jay Geisenheimer

Rodeo Realty, Inc. License #01301526 Listed on: 10/29/2020

Rodeo Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,470

Year Built

  • Built in 1939

Lot Details

  • 9,917 Sq Ft Lot
  • Landscaped
  • Rectangular Lot
  • Sprinkler System
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Property Views

  • Mountain
  • Hills
  • Neighborhood

Interior Spaces

  • 1,579 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Gas Oven
  • Gas Cooktop
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Saltwater Pool

Schools

  • Mckinley Elementary School
  • Jordan Middle School
  • John Burroughs High School

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Additional Features

  • Horse Property
  • Property is near a park
  • Horse Property Improved

Listing and Financial Details

  • Tax Lot 2526
  • Tax Tract Number 8488
  • Assessor Parcel Number 2443014017

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Trails
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,470

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2443014017
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1579.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 877.14
  • Room Type: All Bedrooms Down, Living Room, Main Floor Master Bedroom
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • View: Hills, Mountain(s), Neighborhood
  • Pool Features: Private, Fiberglass, In Ground, Salt Water
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop
  • Heating Type: Central, Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Horse Trails

Schools

  • School District: Burbank Unified
  • Elementary School: McKinley
  • Middle School: Jordan
  • High School: John Burroughs
  • Elementary School: McKinley
  • High School: John Burroughs
  • Middle Or Junior School: Jordan
  • Elementary School #2: MCKINL
  • High School2: JOHBUR

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Horse Property, Horse Property Improved, Landscaped, Rectangular Lot, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 9917.00
  • Lot Size Acres: 0.2277

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9917.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 2526
  • Tax Tract Number: 8488

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 2, 2020
Sold by
Truesdell Aviva
Bought by
Buchner Alejandro and Buchner Katherine Adams
Seller's Agent
Jay Geisenheimer
Rodeo Realty, Inc.
Buyer's Agent
Jay Geisenheimer
Rodeo Realty, Inc.
List Price
$1,438,000
Sold Price
$1,385,000
Premium/Discount to List
-$53,000
-3.69%
Current Estimated Value
$1,844,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$459,596
Avg. Annual Appreciation
5.95%
Original Mortgage
$1,108,000
Outstanding Balance
$990,984
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$824,526

Purchase Details

Closed on
Jul 29, 2010
Sold by
Truesdell Aviva
Bought by
Truesdell Aviva and The 2006 Truesdell Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2010
Sold by
Rick Larry
Bought by
Truesdell Aviva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2004
Sold by
Diamond Joey
Bought by
Rick Larry and Rick Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,200
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2003
Sold by
Toth Nancy
Bought by
Diamond Joey and Diamond Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2000
Sold by
Toth Nancy
Bought by
Toth Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
7.89%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 30, 2000
Sold by
Welde Linda
Bought by
Welde Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
7.89%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 23, 1999
Sold by
Toth William C
Bought by
Toth Nancy

Purchase Details

Closed on
Mar 21, 1998
Sold by
Keefover Cynthia A
Bought by
Toth William C and Toth Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,650
Interest Rate
9.37%
Source: Public Records

Range of Values:

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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
Buchner Alejandro $1,385,000 Progressive Title Company
Truesdell Aviva -- Accommodation
Truesdell Aviva $875,000 Lawyers Title Co
Rick Larry $839,000 Investors Title Company
Diamond Joey $585,000 Investors Title Company
Toth Nancy -- Old Republic Title Company
Welde Charles W -- Chicago Title Co
Toth Nancy -- Old Republic Title
Toth William C $389,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchner Alejandro $1,108,000
Previous Owner The 2006 Truesdell Revocable Trust $420,000
Previous Owner Truesdell Aviva $498,000
Previous Owner Truesdell Aviva $500,000
Previous Owner Truesdell Aviva $525,000
Previous Owner Rick Larry $100,000
Previous Owner Rick Larry $671,200
Previous Owner Rick Larry $671,200
Previous Owner Diamond Joey $468,000
Previous Owner Toth Nancy $55,000
Previous Owner Toth Nancy $435,000
Previous Owner Toth Nancy $25,000
Previous Owner Toth William C $330,650
Closed Diamond Joey $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $1,385,000 +0.7% $877 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/27/2020 11/27/20 Price Changed $1,375,000 -4.4% $871 / Sq Ft
10/29/2020 10/29/20 For Sale $1,438,000 -- $911 / 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 $16,470 $1,499,166 $1,199,334 $299,832
2024 $16,470 $1,469,771 $1,175,818 $293,953
2023 $16,295 $1,440,953 $1,152,763 $288,190
2022 $15,556 $1,412,700 $1,130,160 $282,540
2021 $6,487 $569,486 $187,993 $381,493
2020 $6,415 $563,648 $186,066 $377,582
2019 $6,228 $552,597 $182,418 $370,179
2018 $6,052 $541,763 $178,842 $362,921
2016 $5,741 $520,728 $171,899 $348,829
2015 $5,624 $512,907 $169,317 $343,590
2014 $5,612 $502,861 $166,001 $336,860
Source: Public Records

Agents Affiliated with this Home

  • Jay Geisenheimer

    Seller's Agent in 2021

    Jay Geisenheimer

    Rodeo Realty, Inc.

    (818) 469-5473

    7 in this area

    15 Total Sales

    Jay Geisenheimer
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20223759

California Regional Multiple Listing Service (CRMLS)

APN: 2443-014-017

California Los Angeles County Burbank 91506 Rancho Adjacent

616 S Reese Place, Burbank, CA

This home is located at 616 S Reese Place, Burbank, CA 91506 since 29 October 2020 and is currently estimated at $1,844,596, approximately $1,168 per square foot. This property was built in 1939. 616 S Reese Place is a home located in Los Angeles County with nearby schools including William McKinley Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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