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400 W Riverside Drive 2, Burbank, California 91506, Burbank, 91506 - 3 bed, 3 bath

400 W Riverside Drive 2, Burbank, California 91506 home-pic-0
ACTIVE$810,000
400 W Riverside Drive 2, Burbank, California 91506
3Beds
3Baths
1,568Sqft
53,954Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Community: Located in the coveted Tierra Verde complex within the desirable LA Rancho Equestrian district of Burbank, offering a prestigious address and neighborhood.
Top Cons:
Conservatorship Sale & As-Is Condition: The property is a conservatorship sale subject to court confirmation, which can introduce delays, and is sold 'AS IS,' requiring the buyer to assume responsibility for any necessary repairs or upgrades.

Compared to the nearby listings

Price:$810.0K vs avg $865.0K ($-55,000)50%
Size:1,568 sqft vs avg 1,601.5 sqft50%
Price/sqft:$517 vs avg $54050%

More Insights

Built in 1978 (47 years old).
Condition: Built in 1978, this property is well-maintained and move-in ready, but shows clear signs of dated styling and features, particularly in the bathrooms. While the kitchen description mentions granite countertops, suggesting an update, the overall 'traditional styling' and the visible condition of the bathrooms (tiled countertops, mosaic backsplashes, older fixtures) indicate that significant renovations have not occurred recently. The property is functional but requires minor updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Year Built
1978
Close
-
List price
$810K
Original List price
$810K
Price/Sqft
$517
HOA
$500
Days on market
-
Sold On
-
MLS number
SR25268430
Home ConditionFair
Features
ViewNeighborhood

About this home

SELLER WILL CONSIDER ALL OFFERS! Conservatorship sale subject to Court Confirmation. Incredible opportunity to own a Townhome in the coveted Tierra Verde complex in the heart of the LA Rancho Equestrian district. Feels like your own private home. Enter through front gated patio to this spacious unit filled with light and loads of potential. Well maintained to move into or ready for your updating. The unit offers a wonderful blend of traditional styling throughout including the spacious living room overlooking front patio, soaring ceiling, crown moldings and centerpiece fireplace. Large formal dining room is adjacent to the kitchen that includes granite counter tops and abundant cabinetry. All bedrooms are on top level. Primary suite features huge walk-in closet and private 3/4 bath. Secondary bedrooms are ample in size and share a full bath. Laundry area is on bedroom level for easy convenience. Large 2-car attached garage with direct access to the unit. Spectacular resort style common grounds include gated pool and manicured lawns/landscaping. . Sold AS IS...hurry...won't last at this price.

Price History

Date
Event
Price
08/08/14
Sold
$475,000
Condition Rating
Fair
Built in 1978, this property is well-maintained and move-in ready, but shows clear signs of dated styling and features, particularly in the bathrooms. While the kitchen description mentions granite countertops, suggesting an update, the overall 'traditional styling' and the visible condition of the bathrooms (tiled countertops, mosaic backsplashes, older fixtures) indicate that significant renovations have not occurred recently. The property is functional but requires minor updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location & Community: Located in the coveted Tierra Verde complex within the desirable LA Rancho Equestrian district of Burbank, offering a prestigious address and neighborhood.
Spacious & Traditional Interior: Features a spacious layout with traditional styling, including soaring ceilings, crown moldings, a centerpiece fireplace, and a large formal dining room.
Functional Layout & Amenities: Offers a convenient layout with all bedrooms and laundry on the top level, a primary suite with a huge walk-in closet, and a large 2-car attached garage with direct access.
Resort-Style Common Grounds: Residents benefit from spectacular resort-style common grounds, including a gated pool and meticulously manicured lawns/landscaping.
Move-in Ready with Update Potential: The unit is well-maintained and move-in ready, yet also offers significant potential for personalized updates, appealing to a broad range of buyers.

Cons

Conservatorship Sale & As-Is Condition: The property is a conservatorship sale subject to court confirmation, which can introduce delays, and is sold 'AS IS,' requiring the buyer to assume responsibility for any necessary repairs or upgrades.
High Association Fee: A monthly association fee of $500.00 adds a significant recurring cost to homeownership.
Property Age & Potential Updates: Built in 1978, the property's age suggests that while well-maintained, some systems or finishes may be original or dated, potentially requiring future investment for modernization.

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