NOT LISTED FOR SALE

Estimated Value: $1,484,124 - $1,620,000

3 Beds
2 Baths
1,632 Sq Ft
$957/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,320,000 $809 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,569/month

23 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Central Heating and Cooling System
  • Ralph Emerson Elementary School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of June 2023

Price Improvement. This 3 Bedrooms 2 baths home located in prestigious neighborhood of City of Burbank. Perfect Opportunity to capitalize on ADU and Rec-Room possibly JDU (Approved ADU & rec-room plans by City of Burbank). Main house Offering 1,630 SQF with decent Lot Size of 7,750 w/detached Garage located in back alley. ADU offering 1000 SQF 2 bedrooms 2 baths. In Addition, another 1000 SQF of rec-room possibly convert to JDU. Lucky Buyer don’t need to wait 1or 2 years for ADU/JDU final permit approvals. Situated on Magnolia Blvd above Kenneth in gorgeous Burbank community minutes away from Down Town Burbank. This single-family home offering ADU & Rec-room possible JDU can be great starter home with additional rental income for a buyer or savvy investor. Motivated Seller. Priced to Sell !

Last Agent to Sell the Property

Hovik Tahmasian

Coldwell Banker Hallmark Realty License #01892407 Listed on: 04/27/2023

Coldwell Banker Hallmark Realty

Last Buyer's Agent

Hovik Tahmasian

Coldwell Banker Hallmark Realty License #01892407 Listed on: 04/27/2023

Coldwell Banker Hallmark Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,024

Year Built

  • Built in 1923

Lot Details

  • 7,750 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned BUR1YY

Parking

  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 8 / 9
  • Assessor Parcel Number 2456009008
  • $240 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,024

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: BUR1YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2456009008
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1632.00 Square Feet
  • Stories: 1
  • Entry Location: Ground level w/steps
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 808.82
  • Room Type: Family Room

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Burbank Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7750.00
  • Lot Size Acres: 0.1779

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7750.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 3102.01
  • Tax Lot: 8
  • TaxOtherAnnualAssessmentAmount: 240.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jun 26, 2023
Sold by
Matevosyan Ishkhanuhi and Ghazaryan Zina
Bought by
Matevosyan Ishkhanuhi and Ghazaryan Zina
Seller's Agent
Hovik Tahmasian
Coldwell Banker Hallmark Realty
Buyer's Agent
Hovik Tahmasian
Coldwell Banker Hallmark Realty
List Price
$1,399,000
Sold Price
$1,320,000
Premium/Discount to List
-$79,000
-5.65%
Views
77
Current Estimated Value
$1,561,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,031
Avg. Annual Appreciation
8.17%
Original Mortgage
$1,056,000
Outstanding Balance
$1,028,180
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$542,059

Purchase Details

Listed on
Apr 27, 2023
Closed on
May 25, 2023
Sold by
Zaryan Garen
Bought by
Matevosyan Ishkhanuhi and Ghazaryan Zina
Seller's Agent
Hovik Tahmasian
Coldwell Banker Hallmark Realty
Buyer's Agent
Hovik Tahmasian
Coldwell Banker Hallmark Realty
List Price
$1,399,000
Sold Price
$1,320,000
Premium/Discount to List
-$79,000
-5.65%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,056,000
Outstanding Balance
$1,028,180
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$542,059

Purchase Details

Closed on
Mar 17, 2021
Sold by
Petrosyan Haykanush
Bought by
Zaryan Garen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2021
Sold by
Lane Barney E and Lane Renee D
Bought by
Zaryan Garen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 1993
Sold by
Crawford Pauline
Bought by
Lane Barney E and Lane Renee D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
7.2%
Source: Public Records

Range of Values:

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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
Matevosyan Ishkhanuhi -- Accommodation/Courtesy Recordi
Matevosyan Ishkhanuhi -- Priority Title
Matevosyan Ishkhanuhi $1,320,000 Priority Title
Zaryan Garen -- Fidelity National Title Co
Zaryan Garen $1,100,000 Fidelity National Title Co
Lane Barney E $187,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matevosyan Ishkhanuhi $1,056,000
Previous Owner Zaryan Garen $822,000
Previous Owner Lane Barney E $330,000
Previous Owner Lane Barney E $425,000
Previous Owner Lane Barney E $100,000
Previous Owner Lane Barney E $220,000
Previous Owner Lane Barney E $174,000
Previous Owner Lane Barney E $149,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 Sold $1,320,000 +1.6% $809 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/10/2023 05/10/23 Price Changed $1,299,000 -7.1% $796 / Sq Ft
04/27/2023 04/27/23 For Sale $1,399,000 -- $857 / 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 $15,024 $1,373,327 $1,098,662 $274,665
2024 $15,024 $1,346,400 $1,077,120 $269,280
2023 $12,841 $1,144,440 $915,552 $228,888
2022 $12,255 $1,122,000 $897,600 $224,400
2021 $3,873 $339,570 $234,898 $104,672
2020 $3,829 $336,089 $232,490 $103,599
2019 $3,718 $329,500 $227,932 $101,568
2018 $3,640 $323,040 $223,463 $99,577
2016 $3,443 $310,498 $214,787 $95,711
2015 $3,374 $305,835 $211,561 $94,274
2014 $3,370 $299,845 $207,417 $92,428
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23070893

California Regional Multiple Listing Service (CRMLS)

APN: 2456-009-008