416 N Reese Place, Burbank, California 91506, Burbank, 91506 - 3 bed, 3 bath
416 N Reese Place
Burbank, California 91506
Property Price
SUMMARY
Analysis of 416 N Reese Place, Burbank, California 91506 reveals a Fairly Priced Property with a current list price of $1,599,000 aligned with the estimated $1,553,752 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 N Reese Place Subject | $1,599,000* List Price | 3 | 3 | 1,428 | $1,088 | - |
A 405 N Beachwood Sold | $1,520,000 | 3 | 2 | 1,629 | $933 | 0.1 mi |
B 248 S Virginia Sold | $1,400,000 | 3 | 3 | 1,322 | $1,059 | 0.5 mi |
C 317 S Orchard Drive Sold | $1,510,000 | 3 | 2 | 1,473 | $1,025 | 0.6 mi |
D 527 S Orchard Drive Sold | $1,267,000 | 4 | 2 | 1,490 | $850 | 0.9 mi |
E 726 N Keystone Street Sold | $1,225,000 | 3 | 2 | 1,500 | $817 | 0.4 mi |
F 439 S Lamer Street Sold | $1,550,000 | 3 | 2 | 1,510 | $1,026 | 0.9 mi |
G 612 S Mariposa Street Active | $1,499,000 List Price | 3 | 2 | 1,589 | $943 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1941, the property has undergone extensive recent renovations that meet modern luxury standards. Key features include a contemporary kitchen and living area with heated floors, owned solar panels, an EV charging station, and a newly finished pebble-tech pool and spa. The addition of a fully finished bonus room with vaulted ceilings and a full bathroom indicates a comprehensive update of all major systems and surfaces within the last five years.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Backyard
The property features a newly finished pebble-tech pool, spa, and spacious patio framed by mountain views, offering a premium private outdoor retreat.
- Versatile Bonus Space
A detached game room with a full bathroom and vaulted ceilings provides significant flexibility for use as a home office, gym, or creative studio.
- Energy Efficiency & Modern Tech
Equipped with owned solar panels, an EV charging station, and heated floors, the home offers modern convenience and long-term utility savings.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At 1,428 square feet for a three-bedroom home, the interior living space may feel compact for buyers seeking more expansive indoor areas.
- Vintage Structural Base
Originally built in 1941, the property may require ongoing maintenance or scrutiny of older infrastructure despite its extensive modern updates.
About 416 N Reese Place
Welcome home to this beautifully updated Burbank retreat offering the perfect blend of modern comfort, privacy, and California outdoor living. Set behind a gated entry, this property welcomes you with clean contemporary curb appeal, manicured landscaping, and an expansive driveway with ample parking and electric car charging station. Inside, the home exudes warmth and style, equipped with heated floors in the living room, kitchen and hallway while owned solar panels provide energy efficiency and long-term savings. The real showstopper awaits in the backyard, a private resort-style setting featuring a newly finished pebble-tech sparkling pool and spa, spacious patio for entertaining, and a bonus ~500SF game room with a full bathroom, vaulted ceiling and finished interior ideal for a home office, gym, studio, or creative space. Framed by mountain views and glowing sunset skies, this home offers the indoor-outdoor lifestyle Southern California buyers dream of. Located in the heart of Burbank, you're minutes from top-rated schools, major studios, parks, dining, and shopping all while enjoying the charm of a quiet residential neighborhood. A rare opportunity for a new homeowner to step into comfort, style, and long-term value in one of Burbank's most desirable communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 6,751 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,428 | 1,581.5 | 35% |
| Lot Size | 6,751 | 6,750.5 | 50% |
| Price | $1.60M | $1.39M | 79% |
| Price per sq ft | $1.1K | $850 | 90% |
| Built year | 1941 | 1940 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 163 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,599,000
Initial Listing
Sold
Jun 19, 2013
$720,000
Public Record