
Burbank, California 91506
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,575,000 Fair Market Value by 4%. This valuation gap offers $76,000 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the property includes a permitted detached studio, newly renovated kitchen, and private gated backyard. Located in the Burbank Unified district, this residence is an ideal fit for discerning professionals or owner-occupants seeking a turnkey lifestyle near major studios and award-winning schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 S Reese Place Subject | $1,499,000* List Price | 3 | 2 | 1,964 | $802 | - |
A 442 S Lamer Street Sold | $1,680,000 | 3 | 3 | 1,711 | $982 | 0.5 mi |
B 510 S Sparks Sold | $1,440,000 | 3 | 2 | 2,021 | $713 | 0.4 mi |
C 517 S Griffith Park Sold | $1,680,000 | 3 | 3 | 1,925 | $873 | 0.3 mi |
D 640 S Parish Street Sold | $1,460,000 | 3 | 2 | 1,636 | $892 | 0.6 mi |
E 504 N Reese Place Sold | $1,459,000 | 3 | 2 | 1,570 | $929 | 0.6 mi |
F 1207 W Orange Grove Avenue Sold | $1,470,000 | 3 | 4 | 1,887 | $779 | 0.6 mi |
G 322 S Orchard Sold | $1,295,000 | 3 | 1 | 1,309 | $989 | 0.2 mi |
H 835 N Lincoln Street Sold | $1,425,000 | 3 | 2 | 1,898 | $751 | 1.0 mi |
I 435 S Mariposa Active | $1,510,000 List Price | 2 | 2 | 1,663 | $908 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is newly renovated with high-end finishes throughout. It features a modern kitchen with new stainless steel appliances, fully updated bathrooms with contemporary tile and fixtures, and a permitted detached studio with dedicated HVAC. The condition is mint with no visible maintenance required, fitting the criteria for a recent renovation under 5 years.
The property features a permitted 340 sq ft detached studio with dedicated heating and cooling, providing an exceptional flexible space for a professional home office, creative retreat, or guest suite.
This 1946 residence seamlessly blends timeless charm, such as original hardwood floors and a limestone fireplace, with high-end modern updates including a renovated kitchen and new appliances.
The grounds offer a secluded oasis with 7-foot privacy walls, a gated driveway, and a sophisticated outdoor entertaining area featuring a built-in fireplace and wood-tiled pathways.
With 45 days on market and a recent $76,000 price reduction, the property is currently undergoing a price discovery phase to align with current buyer demand.
Despite significant aesthetic and functional renovations, the 1946 construction date may necessitate closer inspection of original underlying systems like plumbing or electrical compared to newer builds.
PROPERTY HIGHLIGHTS: Nearly 2,000 sq ft of living space | Permitted 340 sq ft detached studio with A/C and heat | Oversized 430 sq ft detached garage | Outdoor entertaining area with fireplace | Gated backyard with 7 ft privacy walls | Newly renovated | Bright, open floor plan | New appliances | Full laundry room | Extra-large family room | Quiet neighborhood | Blocks from award-winning schools Some homes simply check the boxes; others invite you to settle in and imagine the life you’ll build there. Welcome to 220 S Reese Pl, where timeless charm, thoughtful updates, and exceptional versatility come together in one of Burbank’s most desirable neighborhoods. A classic brick walkway winds through lush landscaping, mature roses, and manicured grounds. Inside, natural light filters through custom interior shutters and fills expansive living spaces featuring original hardwood floors and a striking limestone fireplace with wood-burning and gas capabilities. The updated kitchen combines style and function with a new double oven, cooktop, dishwasher, abundant cabinetry, and an easy connection to the dining and living areas. Offering nearly 2,000 sq ft, the bright, open floor plan includes an extra-large family room adaptable to many lifestyles. Meticulous care is evident throughout, while the generously sized full laundry room includes a new washer and dryer plus abundant storage and workspace. The impeccably finished and permitted detached 340 sq ft studio, with A/C and heat, is surrounded by walls of glass and ideal as an office, creative studio, fitness room, guest retreat, or additional living space. Nearby, a dedicated outdoor entertaining area with its own fireplace is perfect for gatherings or quiet evenings. Designed for relaxation and entertaining, the grounds feature mature landscaping, wood-tiled pathways, and a gated backyard enclosed by 7 ft privacy walls, creating a tranquil setting for children and pets. A gated driveway, oversized 430 sq ft detached two-car garage, and generous off-street parking add privacy and convenience. Located in a pleasant, quiet neighborhood blocks from award-winning Burbank schools and moments from major studios, parks, Griffith Park trails, Pickwick Ice, the Los Angeles Equestrian Center, and DeBell Golf Club, this exceptional property offers character, comfort, privacy, and an outstanding location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,964 | 1,601.762 |
| Lot Size | 6,729 | 6,628.752 |
| Price | $1.50M | $1.31M |
| Price per sq ft | $763 | $879 |
| Built year | 1946 | 1944 |
| HOA | $0 | $0 |
| Days on market | 49 | 44 |
Aug 29, 2026
$1,499,000
$1,575,000
-5% Price Drop
Initial Listing
Jul 22, 2026
$1,575,000
Initial Listing
Mar 16, 2001
$384,000
Public Record