NOT LISTED FOR SALE

721 E Cypress Ave Unit 103 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $915,000 - $1,083,000

3 Beds
3 Baths
2,100 Sq Ft
$270/mo HOA Fee

Last Sold May 03, 2019

Last sale price $715,000 $340 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,360/month

29 Days on Market

Highlights

  • Panoramic View
  • Updated Kitchen
  • Traditional Architecture
  • Ralph Emerson Elementary School Rated A-
  • Open Floorplan
  • High Ceiling

About This Home

As of May 2019

Beautiful, Turnkey, 3 Bed / 2 1/2 Bath condo/ townhome in Burbank with breathtaking views of the San Fernando Valley. This hidden gem is one of the newer homes in Burbank built to earthquake codes and equipped with sprinkler system on all floors. This Unit features a wide open floor plan on the first floor with upgraded new chef’s kitchen and large granite island, new appliances, and remodeled master bath with walk in shower. Nine foot high ceilings with crown moldings on first floor, and a loft on the third floor with access to a rooftop patio. Conveniently located near all the major studios and within walking distance to the Burbank shops for shopping and fine dining. Schools are highly rated. This property will not last. Must see!

Last Agent to Sell the Property

henry vega

Enrique Henry Vega Jr. Broker License #01765081 Listed on: 03/13/2019

Last Buyer's Agent

Tara Fidanian

Redfin Corporation License #01966031

Redfin Corporation

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • Two or More Common Walls
  • East Facing Home
  • Landscaped
  • Density is up to 1 Unit/Acre

HOA Fees

  • $270 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Community Parking Structure

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills
  • Valley
  • Neighborhood

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,100 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub with Shower

Home Security

Outdoor Features

  • Open Patio
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 61074
  • Assessor Parcel Number 2459001123

Community Details

Overview

  • 15 Units
  • 721 E. Cypress Ave Association, Phone Number (818) 957-8195
  • Maintained Community

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2005 | Remodeled

Lot Details

0

HOA Fees

$270 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: BUR3*
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2459001123
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2100.00 Square Feet
  • Interior Amenities: Copper Plumbing Full, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area, Separated
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 340.48
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows
  • Bathroom Features: Shower In Tub, Granite Counters
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Slab
  • View: City Lights, Hills, Mountain(s), Neighborhood, Panoramic, Trees/Woods, Valley
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Community Structure, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Earthquake Insurance, Maintenance Grounds, Trash, Pet Rules, Call for Rules
  • Association Fee: 270.00
  • Association Fee Frequency: Monthly
  • Association Name: 721 E. Cypress Ave
  • Phone: 818-957-8195
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped
  • Lot Size Sq Ft: 8076.00
  • Lot Size Acres: 0.1854

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8076.0000 Square Feet
  • Number Of Units In Community: 15
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 3102.01
  • Tax Lot: 1
  • Tax Tract Number: 61074

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2022
Sold by
Stepanyan Serop
Bought by
Serop And Katrin Stepanyan Living Trust
Current Estimated Value
$1,025,275

Purchase Details

Listed on
Mar 13, 2019
Closed on
May 1, 2019
Sold by
Petrosyan Katrin
Bought by
Stepanyan Serop
Seller's Agent
henry vega
Enrique Henry Vega Jr. Broker
Buyer's Agent
Tara Fidanian
Redfin Corporation
List Price
$799,000
Sold Price
$715,000
Premium/Discount to List
-$84,000
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$643,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 16, 2019
Sold by
Hellman Dorothy Arlene
Bought by
Stepanyan Serop
Seller's Agent
henry vega
Enrique Henry Vega Jr. Broker
Buyer's Agent
Tara Fidanian
Redfin Corporation
List Price
$799,000
Sold Price
$715,000
Premium/Discount to List
-$84,000
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2016
Closed on
Mar 1, 2016
Sold by
Albandar Naseer
Bought by
Hellman Dorothy Arlene
Seller's Agent
Reza Heydari
No Firm Affiliation
Buyer's Agent
Orlando Cruz
Brightstone Estate Properties
List Price
$739,900
Sold Price
$705,000
Premium/Discount to List
-$34,900
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.45%
Original Mortgage
$564,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2014
Sold by
Citibank Na
Bought by
Albandar Naseer and Issa Perween Al

Purchase Details

Closed on
Sep 29, 2014
Sold by
Ibarra George Luis
Bought by
Citibank Na

Purchase Details

Closed on
Dec 29, 2005
Sold by
721 E Cypress Llc
Bought by
Ibarra George Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,900
Interest Rate
6.62%
Mortgage Type
New Conventional
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
Serop And Katrin Stepanyan Living Trust -- --
Stepanyan Serop -- Lawyers Title Company
Stepanyan Serop $715,000 Lawyers Title Company
Hellman Dorothy Arlene $705,000 Chicago Title Company Sd
Albandar Naseer $562,000 None Available
Citibank Na $596,593 None Available
Ibarra George Luis $750,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stepanyan Serop $643,500
Previous Owner Hellman Dorothy Arlene $564,000
Previous Owner Ibarra George Luis $549,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2019 05/03/19 Sold $715,000 -4.7% $340 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
04/01/2019 04/01/19 Price Changed $749,900 -1.2% $357 / Sq Ft
03/25/2019 03/25/19 Price Changed $759,000 -5.0% $361 / Sq Ft
03/13/2019 03/13/19 For Sale $799,000 +13.3% $380 / Sq Ft
03/25/2016 03/25/16 Sold $705,000 -4.7% $336 / Sq Ft View Prior Sale
02/19/2016 02/19/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $739,900 0.0% $352 / Sq Ft
02/07/2016 02/07/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $739,900 +31.7% $352 / Sq Ft
03/19/2015 03/19/15 Sold $561,750 -8.6% $268 / Sq Ft View Prior Sale
11/24/2014 11/24/14 Pending -- -- --
10/15/2014 10/15/14 For Sale $614,700 -- $293 / 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 $8,804 $797,592 $435,051 $362,541
2024 $8,804 $781,954 $426,521 $355,433
2023 $8,710 $766,622 $418,158 $348,464
2022 $8,314 $751,591 $409,959 $341,632
2021 $8,277 $736,855 $401,921 $334,934
2019 $8,224 $748,150 $428,515 $319,635
2018 $8,156 $733,481 $420,113 $313,368
2016 $6,350 $570,265 $270,259 $300,006
2015 $8,122 $737,000 $458,000 $279,000
2014 $6,649 $591,000 $413,000 $178,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19055247

California Regional Multiple Listing Service (CRMLS)

APN: 2459-001-123