tomo logo

$799,000

Beds
2
Baths
2.0
sq ft
1,399

609 E Palm Ave Unit 307, Burbank, CA 91501

609 E Palm Ave Unit 307

Burbank, CA 91501

  • 50 days on market
    • Price drop $36,000↓
Top floor corner pent house unit ready to move in and enjoy! Enclosed loft can be used as the 3rd bedroom or recreation room, it also features a large closet. This unit has a roof top large patio to lounge or entertain in. High ceilings with a very inviting entry. Quartz counter top remodeled kitchen that also has a balcony and a pantry cabinet. This home is clean, very bright and feels very private. Next to the dinner room there is a wet bar. The living room has a fireplace. The oversized primary bedroom features ample closet space with its own bathroom ensuite. Laminate wood flooring throughout the home. Washer and dryer inside. There are two parking spaces with large storage for each. It is ready for you to turn the key and move in. Whether you like to relax solo or entertain, this home is the perfect one for you for either occasion.

Details

Property type

Condominium

Est. home value

$814,441

Property condition

Updated/Remodeled

Lot size

0.5232 acres

Price per sq ft

$572

Year built

1991

Monthly HOA fee

$440

Price History

11/02/2024
CRMLS

CRMLS #BB24190954

Price change
$799,000
-4.31%
09/17/2024
CRMLS

CRMLS #BB24190954

Listed
$835,000
+8.44%
04/23/2021
CRMLS

CRMLS #BB21059364

Sold
$770,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Park, Sidewalks

High school district: 

Burbank Unified

Number of units in community: 

31

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

$692,375
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$42,705
Cash to seller
$692,375

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

Seller’s Loan History

Lender

Worldwide Finance Inc

Loan start date

January 1999

Original loan amount

$149,600

Est. remaining balance

$42,705

Interest rate

6.69%

Loan type

Not Provided, 30 year

Seller

Marc Elmer

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: 11/05/2024 at 4:10 PM

Listing updated: 11/03/2024 at 3:40 PM

Listed by: Sofia Sedrakian, Keller Williams Realty World Media Center Phone #: (818) 239-3500

MLS: CRMLS #BB24190954

CRMLS logo

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