331 W Spazier Avenue, Burbank, California 91506, Burbank, 91506 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$1,199,000
331 W Spazier Avenue, Burbank, California 91506
3Beds
2Baths
1,654Sqft
8,008Lot
Price Vs. Estimate
The estimated value ($1,199,000) is $0 (0%) lower than the list price ($1,199,000). This property may be overpriced.
Key pros and cons
Top Pros:
Horse Property: The property includes two stables, making it ideal for horse enthusiasts in the Rancho Burbank area.
Top Cons:
Project Property: The property is described as a 'project' indicating it likely requires significant renovations and updates.
Compared to the nearby listings
Price:$1.20M vs avg $1.34M ($-142,500)28%
Size:1,654 sqft vs avg 1,607 sqft54%
Price/sqft:$725 vs avg $84328%
More Insights
Built in 1947 (78 years old).
Condition: The property was built in 1947 and is described as a 'project' needing 'customization and modern updates.' This suggests that while the house is functional, it requires updates to bring it to modern standards. The listing mentions potential for building equity, indicating that the current condition is not fully updated. Given the age and the need for updates, a 'Fair' condition score is appropriate.
Year Built
1947
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$725
HOA
-
Days on market
-
Sold On
-
MLS number
224004380
Home ConditionFair
Features
View-
About this home
This charming Horse property home in Rancho Burbank offers a fantastic opportunity for buyers seeking a project 3 bedrooms and 2 baths, the property boasts great potential for customization and modern updates. The spacious layout and ample backyard provide plenty of room for creativity, making it ideal for families or investors. Located in a quiet neighborhood, this home is perfect for those looking to build equity and create their dream living space. The property has 2 stables for horses. Listed less than Appraised Value.
Condition Rating
Fair
The property was built in 1947 and is described as a 'project' needing 'customization and modern updates.' This suggests that while the house is functional, it requires updates to bring it to modern standards. The listing mentions potential for building equity, indicating that the current condition is not fully updated. Given the age and the need for updates, a 'Fair' condition score is appropriate.
Pros & Cons
Pros
Horse Property: The property includes two stables, making it ideal for horse enthusiasts in the Rancho Burbank area.
Potential for Customization: The property offers significant potential for customization and modern updates, allowing buyers to create their dream living space.
Below Appraised Value: Listed less than appraised value, presenting an opportunity for immediate equity.
Cons
Project Property: The property is described as a 'project' indicating it likely requires significant renovations and updates.
Active Under Contract: The property's status as 'Active Under Contract' introduces uncertainty, as the current deal may or may not finalize.