tomo logo

$2,550,000

Beds
4
Baths
3.25
sq ft
3,094

1079 E San Jose Ave, Burbank, CA 91501

1079 E San Jose Ave

Burbank, CA 91501

  • 79 days on market
    • Price drop $99,000↓
Located in the highly sought-after Hillside neighborhood of Burbank, discover this captivatingly redefined luxury residence accompanied by a detached ADU that epitomizes the essence of California living. This extensively refurbished single-story abode maximizes its seamless indoor/outdoor fusion. Enter the expansive main house, featuring 3 bedrooms and 3 generously appointed bathrooms. The gourmet kitchen, outfitted with premium stainless steel appliances, flows effortlessly into the inviting living room and dining area, presenting an idyllic setting for hosting gatherings. Retreat to the lavish owner's suite, complete with a spa-inspired bathroom boasting an expansive walk-in shower, luxurious soaking tub, spacious walk-in closet, and tranquil vistas of the backyard. Expansive sliding doors off the living area beckon you to the outdoor deck, which overlooks a secluded, gated saltwater pool and spa area. Adjacent to this oasis lies a detached ADU spanning over 1,000 sq. ft., featuring 1 bedroom, and 1 bathroom, equipped with its own splendid kitchen and private loft area. This versatile space serves as an ideal guest suite, music studio, home office, or revenue-generating rental unit. Noteworthy is the inclusion of a professional-grade music studio in the ADU, outfitted with double layer of sheetrock and sound panels for an immersive audio experience. Enjoy one of the secluded Zen like areas in the front garden and feel the pressure of the world slip away. Recent enhancements include the creation of an Mont Alpi Outdoor Kitchen with 44” grill, Pizza oven, Refrigerator and storage for al fresco dining experiences, a full home water filtration system, a Tuff Shed for added storage convenience, installation of a new AC system for optimal climate control, installation of a removable pool fence for safety, and a revitalized landscape design to enhance curb appeal all further elevating the allure of this extraordinary property.

Details

Property type

Single Family Residence

Est. home value

$2,515,403

Lot size

8,100 sq ft

Price per sq ft

$825

Year built

1938

HOA

No

Price History

11/08/2024
CRMLS

CRMLS #BB24182747

Price change
$2,550,000
-7.24%
09/04/2024
CRMLS

CRMLS #BB24107939

Removed
$2,749,000
+3.78%
09/04/2024
CRMLS

CRMLS #BB24182747

Listed
$2,649,000
-3.64%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

High school district: 

Burbank Unified

Negotiation Insights

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

Seller could get up to

$378,890
Asking price
$2,550,000
Closing costs (~8% of asking)
-$204,000
Est. remaining loan balance
-$1,967,110
Cash to seller
$378,890

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

February 2022

Original loan amount

$2,040,800

Est. remaining balance

$1,967,110

Interest rate

3.12%

Loan type

New Conventional, 40 year

Seller

Melinda Yaeger and Adrianne Gonzalez

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: 11/22/2024 at 1:05 PM

Listing updated: 11/08/2024 at 3:30 PM

Listed by: Courtney McCarson, Real Brokerage Technologies Phone #: (855) 450-0442

MLS: CRMLS #BB24182747

CRMLS logo

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