NOT LISTED FOR SALE

621 E Olive Ave Unit 104 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $869,000 - $1,008,000

2 Beds
3 Baths
1,448 Sq Ft
$245/mo HOA Fee

Last Sold August 13, 2021

Last sale price $777,000 $537 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,794/month

32 Days on Market

Highlights

  • Corral
  • Two Primary Bedrooms
  • Mountain View
  • Ralph Emerson Elementary School Rated A-
  • Updated Kitchen
  • Wood Flooring

About This Home

As of August 2021

This stunning tri-level townhouse proudly stands on one of Burbank's most sought-after streets. Its exquisite floor plan features a private balcony, grand living room with fireplace, and two large master suites with full baths and walk-in closets. Remodeled with tasteful touches, this comfortable townhouse features Laminate floors / Wood and recessed lighting throughout, as well as a generous modern kitchen opening into a roomy dining area. All three levels enjoy high ceilings and a custom-made staircase, leading to a spacious rooftop patio that provides mountain views, planting areas, and plenty of room to entertain. Located within walking distance of downtown Burbank's best shops and restaurants, and with HOA fees of only $245/month. This Burbank beauty is a treasure that you need to see to believe!

Last Agent to Sell the Property

Hayk Karamanian

Magic Realty License #01934867 Listed on: 07/07/2021

Last Buyer's Agent

Eric Benz

Real Brokerage Technologies License #01272171

Real Brokerage Technologies

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2003 | Remodeled

Lot Details

  • 6,835

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Automatic Gate

Interior Spaces

  • 1,448 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Mountain Views
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Gas Oven
  • Range with Range Hood
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • 3 Full Bathrooms

Home Security

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • 1 Common Wall
  • Corral

Listing and Financial Details

  • Assessor Parcel Number 2455023078

Community Details

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2003 | Remodeled

Lot Details

0

HOA Fees

$245 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: BUR4*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2455023078
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1448.00
  • Interior Amenities: Balcony
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Laminate, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 536.60
  • Room Type: Two Masters
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Corral
  • View: Mountain(s)
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Range, Range Hood, Disposal
  • Heating Type: Natural Gas, Central
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 245.00
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 6836.00
  • Lot Size Acres: 0.1569

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6836.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Aug 10, 2021
Sold by
Khatchatorians Arpineh
Bought by
Xie Baifan and Logan Ian
Seller's Agent
Hayk Karamanian
Magic Realty
Buyer's Agent
Eric Benz
Real Brokerage Technologies
List Price
$718,000
Sold Price
$777,000
Premium/Discount to List
$59,000
8.22%
Current Estimated Value
$913,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,415
Avg. Annual Appreciation
3.79%
Original Mortgage
$621,600
Outstanding Balance
$564,006
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$349,409

Purchase Details

Closed on
Nov 19, 2015
Sold by
Mehrabian Abet
Bought by
Khatchatorians Arpineh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2008
Sold by
Sheiman Deborah K
Bought by
Mehrabian Abet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,600
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Olive Holding Co Llc
Bought by
Sheiman Deborah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
Xie Baifan $777,000 Lawyers Title
Khatchatorians Arpineh -- Title 365
Mehrabian Abet $428,000 Fidelity National Title Co
Sheiman Deborah K $385,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xie Baifan $621,600
Previous Owner Khatchatorians Arpineh $379,000
Previous Owner Mehrabian Abet $406,600
Previous Owner Sheiman Deborah K $308,000
Closed Sheiman Deborah K $38,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $777,000 +8.2% $537 / Sq Ft
07/07/2021 07/07/21 For Sale $718,000 -- $496 / 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 $9,325 $824,556 $516,064 $308,492
2024 $9,040 $808,390 $505,946 $302,444
2023 $8,944 $792,540 $496,026 $296,514
2022 $8,535 $777,000 $486,300 $290,700
2021 $5,845 $519,361 $256,040 $263,321
2020 $5,779 $514,036 $253,415 $260,621
2019 $5,607 $503,958 $248,447 $255,511
2018 $5,565 $494,077 $243,576 $250,501
2016 $5,280 $474,893 $234,118 $240,775
2015 $5,173 $467,761 $230,602 $237,159
2014 $5,160 $458,599 $226,085 $232,514
Source: Public Records

Agents Affiliated with this Home

  • Hayk Karamanian

    Seller's Agent in 2021

    Hayk Karamanian

    Magic Realty

    (818) 240-8080

    1 in this area

    15 Total Sales

    Hayk Karamanian
    Section Image

  • E

    Buyer's Agent in 2021

    Eric Benz

    Real Brokerage Technologies

    (818) 843-7150

    16 in this area

    56 Total Sales

    Eric Benz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320006736

California Regional Multiple Listing Service (CRMLS)

APN: 2455-023-078

California Los Angeles County Burbank 91501 Hillside District

621 E Olive Ave Unit 104, Burbank, CA

Not Listed for Sale

Condos

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