NOT LISTED FOR SALE

902 E Olive Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,460,000 - $1,916,000

3 Beds
3 Baths
1,865 Sq Ft
$866/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2017

Last sale price $1,025,000 $550 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $8,924 / mo

About This Home

The Rock House is a one-of-a-kind property and is the first home in Burbank designated as an Historic Resource. Commissioned by Orlando C. Lane, the owner of the first Ford dealership in Burbank, construction began in 1921 and it took almost two years to complete this amazing home. The driveway and garages were designed to house the first Model A's. You can read more about O.C. Lane and the history of the house in the HomeBook attachment in the Supplements link in this MLS listing. The home has been restored and updated with painstaking detail including restoration of the chandeliers, door and window hardware, brass screens, electrical switches and more. The exterior of the house and garages have been restored to their original condition. As they stand today, the stone walls, concrete tile roof, windows, and other exterior finishes and features are believed to be the original. The state of the art kitchen features Viking appliances, granite counters and an intimate breakfast nook. Guest house/Studio has half bath and kitchenette. Assume $2,600 annual Mills Act Tax Abatement status which is transferrable to the new owner instantly saving thousands of dollars in property taxes in perpetuity! Square Footage represents finished living space (including garage) that is heated/AC. Show this to your most meticulous clients. Few homes are in such extraordinary, original condition.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Sep 27, 2017
Sold by
Ellis Jessica K and Ellis Gary W
Bought by
Hubbard Gary L and Hubbard Elizabeth A
Seller's Agent
James Casey
Better Homes and Gardens Real Estate Town Center
Buyer's Agent
Ana Connell
Ana Connell Real Estate
List Price
$989,000
Sold Price
$1,025,000
Premium/Discount to List
$36,000
3.64%
Current Estimated Value
$1,615,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,227
Avg. Annual Appreciation
5.48%
Original Mortgage
$500,000
Outstanding Balance
$417,192
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$1,198,035

Purchase Details

Listed on
Aug 19, 2015
Closed on
Sep 26, 2015
Sold by
Rehner Gregory F and Solomon Kirk A
Bought by
Ellis Jessica K and Ellis Gary W
Seller's Agent
James Casey
Better Homes and Gardens Real Estate Town Center
Buyer's Agent
James Casey
Better Homes and Gardens Real Estate Town Center
List Price
$949,000
Sold Price
$900,000
Premium/Discount to List
-$49,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$625,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2014
Sold by
Rehner Gregory F and Solomon Kirk A
Bought by
Rehner Gregory F and Solomon Kirk A

Purchase Details

Closed on
Feb 9, 2004
Sold by
Ross Samuel D and Ross Marie T
Bought by
Rehner Gregory F and Solomon Kirk A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,600
Interest Rate
5.64%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Hubbard Gary L $1,025,000 North American Title
Ellis Jessica K $900,000 North American Title Company
Rehner Gregory F -- None Available
Rehner Gregory F -- None Available
Rehner Gregory F $580,772 Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Hubbard Gary L $500,000
Previous Owner Ellis Jessica K $625,500
Previous Owner Rehner Gregory F $464,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2017 10/31/17 Sold $1,025,000 +3.6% $550 / Sq Ft View Prior Sale
09/27/2017 09/27/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $989,000 +9.9% $530 / Sq Ft
10/28/2015 10/28/15 Sold $900,000 0.0% $483 / Sq Ft View Prior Sale
09/21/2015 09/21/15 Pending -- -- --
09/15/2015 09/15/15 Price Changed $899,900 -5.2% $483 / Sq Ft
08/19/2015 08/19/15 For Sale $949,000 -- $509 / Sq Ft

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 $3,628 $330,000 $225,000 $105,000
2024 $3,628 $304,000 $207,000 $97,000
2023 $3,901 $326,000 $222,000 $104,000
2022 $4,434 $385,000 $262,400 $122,600
2021 $4,078 $347,000 $236,000 $111,000
2019 $3,683 $315,000 $214,000 $101,000
2018 $3,554 $309,000 $210,000 $99,000
2016 $3,290 $297,000 $223,000 $74,000
2015 $3,228 $286,000 $229,000 $57,000
2014 $2,672 $230,000 $182,000 $48,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Casey

    Better Homes and Gardens Real Estate Town Center

    Section Image
  • Ana Connell

    Buyer's Agent in 2017

    Ana Connell

    Ana Connell Real Estate

    (818) 795-8474

    28 Total Sales

    Ana Connell
    Section Image
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Map

California Los Angeles County Burbank 91501 Hillside District

902 E Olive Ave, Burbank, CA

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