tomo logo

$1,999,994

Beds
3
Baths
1.75
sq ft
2,030

1072 E Fairmount Rd, Burbank, CA 91501

1072 E Fairmount Rd

Burbank, CA 91501

  • 32 days on market
    • Price drop $1↓
SEMI-FURNISHED with many improvements! High in the hills of Burbank is this gorgeous Spanish Revival home in a friendly, quiet neighborhood, just below the DeBell Golf Course and Castaway Restaurant. Walk into the large Spanish courtyard with a custom Spanish tile fountain, flourishing with jasmine in the springtime. Relax on your couch in front of the large custom Spanish Tile gas fireplace and watch a movie on the 60" wall mount TV, or read a book in front of the huge picture window. With wrought iron Spanish accents, your dinner parties will be a hit in the formal dining room. The galley kitchen is next to the dining room and beside the butler's pantry for all your party-serving dishes and small appliances. The laundry room comes with a front loader Samsung washer/dryer set and includes a walk-in pantry with hidden stairs leading to the basement, which has built-in storage. Bedroom #1: Walk-in closet dressing area, small office cubby, wall mount TV. Bedroom #2: Main bedroom with His/Her walk-in closet with built-in drawers, wall mount TV with views of the Burbank mountains. Bedroom #3: Closet with built-in drawers, and is attached to the updated 3/4 bath. Has views of the Burbank Mountains. Main bathroom: Fully custom updated with Spanish tile and deep soaker tub within arched header, as well as James Martin double sink vanity and mirrors. Second bathroom: Access from the bedroom #3 or from washer/dryer through kitchen. Double car garage in back of property, newly renovated with recessed lighting and wall AC. Plans for ADU approved by City of Burbank are available. Large backyard (large enough for a pool) with new sod last fall and mature Meyer lemon tree. New fence on all sides of backyard.

Details

Property type

Single Family Residence

Est. home value

$1,459,591

Property condition

Updated/Remodeled

Lot size

7,852 sq ft

Price per sq ft

$986

Year built

1932

HOA

No

Price History

02/20/2025
CLAW

CLAW #25484441

Price change
$1,999,994
02/14/2025
CLAW

CLAW #25484441

Price change
$1,999,995
-8.88%
01/21/2025
CLAW

CLAW #25484441

Listed
$2,195,000
+22.28%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Burbank Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Logix Fcu

Loan start date

July 2018

Original loan amount

$191,850

Est. remaining balance

Not provided

Interest rate

3.8%

Loan type

Credit Line (Revolving), 15 year

Seller

Sako K Mikhail and Jacqueline R Hemphill

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 1:30 AM

Listing updated: 02/20/2025 at 8:35 PM

Listed by: Vahe Mikhail, Vahe Mikhail Phone #: (818) 246-8002

MLS: CLAW #25484441

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