NOT LISTED FOR SALE

940 E Olive Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,544,000 - $1,687,000

3 Beds
2 Baths
1,974 Sq Ft
$803/Sq Ft Est. Value

Last Sold September 21, 2016

Last sale price $850,000 $431 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $9,215/month

47 Days on Market

Highlights

  • Above Ground Spa
  • Peek-A-Boo Views
  • Wood Flooring
  • Joaquin Miller Elementary School Rated A-
  • Traditional Architecture
  • Corner Lot

About This Home

As of September 2016

Move Up To A Dream! This Stunning Hillside Home Includes: 3BD, 2BA, Formal Living Room with Fireplace and Beautiful Peg & Grove Hardwood Floors. Elegant Formal Dining Room with Wainscoting, Gourmet Kitchen with Delightful Breakfast Nook, Attractive Custom Cabinetry with Accent Lighting, Granite Counters and Chef Lovers Viking Stove! Inside Laundry Room With Extra Pantry Space and Access to 3 Quarter Bathroom. Comfortable Great Room Includes 2nd Fireplace, Vaulted Wood Beamed Ceilings, Gorgeous Built In Media Center and Slider Access to Big Covered Patio Area, Hot Tub and Lush Grassy Yard. Other Home Features Include Master Suite with Mirrored Sliders, Dual Pane Energy Efficient Windows And Central Air & Heating. Big 4 Car Garage with Parking Pad, Work Benches and Extra Storage Space. Excellent Hillside Location Along the Prestigious Bel Aire Drive Palms!

Last Agent to Sell the Property

David Fogg

Keller Williams Realty World Media Center License #01149065 Listed on: 06/21/2016

Last Buyer's Agent

Seta Rostomian

BERKSHIRE HATHAWAY Crest R.E. License #01712296

BERKSHIRE HATHAWAY Crest R.E.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 7,872 Sq Ft Lot
  • Property fronts an alley
  • Block Wall Fence
  • Landscaped
  • Corner Lot
  • Front Yard
  • Property is zoned BUYR1YY

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway

Property Views

  • Peek-A-Boo
  • Neighborhood

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,974 Sq Ft Home
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Beamed Ceilings
  • Ceiling Fan
  • Double Pane Windows
  • Bay Window
  • Sliding Doors
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors

Outdoor Features

  • Above Ground Spa
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 2456023001

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • View: Yes
  • Zoning: BUYR1YY
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2456023001
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1974.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, Wainscoting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 430.60
  • Room Type: Great Room, Living Room, Master Bedroom
  • Spa Features: Above Ground, Private
  • Window Features: Bay Window(s), Double Pane Windows

Exterior Features

  • Patio: Yes
  • View: Neighborhood, Peek-A-Boo
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Private
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Corner Lot
  • Lot Size Sq Ft: 7872.00
  • Price Per Lot Square Foot: 109.88

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Lwin Alicia Aye Aye and Lwin Daniel Hiroshi
Bought by
Tamae Lwin Living Trust
Current Estimated Value
$1,584,983

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 30, 2016
Sold by
Badovinac Trudy A and Badovinac John
Bought by
Lwin Alicia and Tamae Daniel
Seller's Agent
David Fogg
Keller Williams Realty World Media Center
Buyer's Agent
Seta Rostomian
BERKSHIRE HATHAWAY Crest R.E.
List Price
$879,500
Sold Price
$850,000
Premium/Discount to List
-$29,500
-3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$765,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2006
Sold by
Badovinac Trudy A and Obradovich Trudy
Bought by
Badovinac John and Badovinac Trudy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.44%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tamae Lwin Living Trust -- --
Lwin Alicia $850,000 Lawyers Title
Badovinac John -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lwin Alicia $765,000
Previous Owner Badovinac John $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2016 09/21/16 Sold $850,000 -1.7% $431 / Sq Ft
08/07/2016 08/07/16 Pending -- -- --
08/06/2016 08/06/16 Price Changed $865,000 -1.6% $438 / Sq Ft
06/21/2016 06/21/16 For Sale $879,500 -- $446 / 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 $10,914 $986,492 $744,281 $242,211
2024 $10,914 $967,150 $729,688 $237,462
2023 $10,798 $948,187 $715,381 $232,806
2022 $10,310 $929,596 $701,354 $228,242
2021 $10,269 $911,369 $687,602 $223,767
2019 $9,854 $884,339 $667,208 $217,131
2018 $9,724 $867,000 $654,126 $212,874
2016 $4,451 $401,641 $256,720 $144,921
2015 $4,361 $395,609 $252,864 $142,745
2014 $4,354 $387,860 $247,911 $139,949
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Fogg

    Keller Williams Realty World Media Center

  • S

    Buyer's Agent in 2016

    Seta Rostomian

    BERKSHIRE HATHAWAY Crest R.E.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16134245

California Regional Multiple Listing Service (CRMLS)

APN: 2456-023-001

California Los Angeles County Burbank 91501 Hillside District

940 E Olive Ave, Burbank, CA

Not Listed for Sale

Detached

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