NOT LISTED FOR SALE

717 E Olive Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $983,574 - $1,215,000

3 Beds
3 Baths
1,560 Sq Ft
1.39 Acres

Last Sold January 25, 2018

Last sale price $735,000 $471 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,346/month

Highlights

  • Views of Trees
  • 1.39 Acre Lot
  • Living Room with Fireplace
  • Ralph Emerson Elementary School Rated A-
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of January 2024

Welcome to this incredibly spacious 3 bedroom, 2.5 bathroom tri-level townhouse in the heart of Burbank. This home has so much to offer with its open floor plan, high ceilings with crown moldings, hardwood floors, and a remodeled gourmet kitchen with stainless steel appliances, large walk-in pantry, and in-unit laundry hook-ups. All bedrooms are located upstairs with newly redone flooring. The master bedroom offers a walk-in closet and spacious bathroom with a dual sink vanity, stand up shower and spa tub. The room also leads to a patio overlooking beautiful treetops and Mountain views. This unit also features a 2-car attached garage with direct entry to the home and a special bonus room used for storage. You cannot ask for a better location- in a great school district, and just minutes from Downtown Burbank, shopping, and easy access to the freeway.

Last Agent to Rent the Property

Ana Khatchatrian

Vendezi Group License #01895519 Listed on: 01/30/2024

Last Renter's Agent

Ana Khatchatrian

Vendezi Group License #01895519 Listed on: 01/30/2024

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • 1.39

Parking

  • 2 Car Attached Garage

Property Views

  • Trees
  • Mountain

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 1,560 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring
  • Laundry in Kitchen

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Security Deposit $6,450
  • Tenant pays for cable TV, electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 2455-024-043

Condo Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0

Rental Info

  • Security Deposit: 6450
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1560
  • Lot Acreage: 1.3931
  • Year Built: 2004
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Microwave, Range/Oven
  • Price Per S Q F T: 2.76

Exterior Features

  • Pool: No
  • View: Tree Top, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan, Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 2455-024-043
  • Lot Size Area: 60682

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2020
Sold by
Khachatryan Sarkis and Kouroumlian Jilda
Bought by
Khachatryan Sarkis and Kouroumlian Jilda
Current Estimated Value
$1,066,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$451,562
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$615,082

Purchase Details

Listed on
Dec 12, 2017
Closed on
Dec 27, 2017
Sold by
Bae Matthew J and Bae Sookjung
Bought by
Khachatryan Sarkis and Kouroumlian Jilda
Seller's Agent
henry vega
Enrique Henry Vega Jr. Broker
Buyer's Agent
Josue Rosa
Brad Korb Real Estate Group
List Price
$699,888
Sold Price
$735,000
Premium/Discount to List
$35,112
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$336,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Olive Villas Townhomes Llc
Bought by
Bae Matthew J and Bae Sookjung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,920
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Khachatryan Sarkis -- Chicago Title Company
Khachatryan Sarkis $735,000 Lawyers Title
Bae Matthew J $580,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khachatryan Sarkis $510,000
Closed Khachatryan Sarkis $336,250
Previous Owner Bae Matthew J $463,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2024 01/30/24 Price Changed $4,300 0.0% $3 / Sq Ft
01/29/2024 01/29/24 Under Contract -- -- --
01/29/2024 01/29/24 Rented $4,300 +17.8% --
01/13/2021 01/13/21 Rented $3,650 -3.9% --
01/13/2021 01/13/21 Under Contract -- -- --
12/09/2020 12/09/20 For Rent $3,800 0.0% --
01/25/2018 01/25/18 Sold $735,000 +5.0% $471 / Sq Ft View Prior Sale
12/22/2017 12/22/17 Pending -- -- --
12/12/2017 12/12/17 For Sale $699,888 0.0% $449 / Sq Ft
06/09/2014 06/09/14 Rented $2,900 -9.4% --
05/31/2014 05/31/14 Under Contract -- -- --
05/20/2014 05/20/14 For Rent $3,200 -- --
Source: The MLS

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 $9,100 $836,298 $491,311 $344,987
2024 $9,100 $819,901 $481,678 $338,223
2023 $9,002 $803,826 $472,234 $331,592
2022 $8,589 $788,066 $462,975 $325,091
2021 $8,554 $772,615 $453,898 $318,717
2019 $8,203 $749,700 $440,436 $309,264
2018 $7,473 $667,200 $402,300 $264,900
2016 $7,385 $667,200 $402,300 $264,900
2015 $6,309 $578,800 $349,000 $229,800
2014 $6,032 $544,000 $328,000 $216,000
Source: Public Records

Agents Affiliated with this Home

  • Ana Khatchatrian

    Landlord's Agent in 2024

    Ana Khatchatrian

    Vendezi Group

    (323) 578-2003

    8 Total Sales

    Ana Khatchatrian
    Section Image
  • henry vega

    Seller's Agent in 2018

    henry vega

    Enrique Henry Vega Jr. Broker

    (323) 833-6466

    52 Total Sales

    henry vega
    Section Image

  • J

    Buyer's Agent in 2018

    Josue Rosa

    Brad Korb Real Estate Group

    Section Image

  • T

    Seller's Agent in 2014

    Tom Kwak

    Ramsey Shilling Associates

    (818) 763-5162

    63 Total Sales

    Tom Kwak
    Section Image
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Map

Source: The MLS

MLS Number: 24-345493

The MLS

APN: 2455-024-043

California Los Angeles County Burbank 91501 Hillside District

717 E Olive Ave, Burbank, CA

Not Listed for Sale

Condos

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