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429 N Lincoln Street, Burbank, California 91506, Burbank, 91506 - 2 bed, 1 bath

429 N Lincoln Street, Burbank, California 91506 home-pic-0
ACTIVE$949,000
429 N Lincoln Street, Burbank, California 91506
2Beds
1Bath
704Sqft
6,358Lot

Price Vs. Estimate

The estimated value ($720,504.97) is $228,495.03 (24%) lower than the list price ($949,000). This property may be overpriced.

Key pros and cons

Top Pros:
ADU Potential with Provided Plans: The property offers significant investment potential with an expansive backyard suitable for an Accessory Dwelling Unit (ADU), and the seller is providing plans for an 858 sq. ft. ADU with a semi-private entrance.
Top Cons:
Limited Interior Square Footage: With only 704 sqft, the main residence is relatively small, which may not meet the space requirements for all potential buyers or growing families.

Compared to the nearby listings

Price:$949.0K vs avg $1.35M ($-396,750)6%
Size:704 sqft vs avg 1,577.5 sqft3%
Price/sqft:$1.3K vs avg $87098%

More Insights

Built in 1938 (87 years old).
Condition: This 1938-built property is described as 'move-in ready' with 'modern updates,' which is supported by the images. The kitchen features updated white cabinets, modern countertops, subway tile backsplash, and stainless steel appliances. The bathroom has an updated vanity and fixtures. While the floor and shower tiles in both areas appear clean and functional, their style suggests an update that is likely 5-15 years old rather than brand new. The wood-like floors and updated windows/doors contribute to a well-maintained, functional home that does not require immediate renovation, fitting the 'Good' condition criteria.
Year Built
1938
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$1,348
HOA
-
Days on market
-
Sold On
-
MLS number
BB25073095
Home ConditionGood
Features
Patio
View-

About this home

This charming move-in-ready cottage is located in one of Burbank’s most desirable neighborhoods. With a full-sized privacy hedge out front and abundant natural light, this home is truly something special. Featuring two bedrooms, one tandem bathroom, and a detached garage, it is full of character and modern updates. Enjoy wood-like floors, updated windows and doors, and a bright kitchen with space for a cozy breakfast table. The expansive backyard offers endless possibilities, including the potential for an Accessory Dwelling Unit (ADU) with a semi-private entrance and its own yard. The seller will provide plans for an 858 sq. ft. ADU, making this a fantastic investment opportunity. Situated just a short distance from Magnolia Blvd, the Chandler Bike Path, and local parks, this home offers the perfect blend of comfort and convenience. Don’t miss this hidden gem—great things truly come in small packages!

Condition Rating
Good
This 1938-built property is described as 'move-in ready' with 'modern updates,' which is supported by the images. The kitchen features updated white cabinets, modern countertops, subway tile backsplash, and stainless steel appliances. The bathroom has an updated vanity and fixtures. While the floor and shower tiles in both areas appear clean and functional, their style suggests an update that is likely 5-15 years old rather than brand new. The wood-like floors and updated windows/doors contribute to a well-maintained, functional home that does not require immediate renovation, fitting the 'Good' condition criteria.
Pros & Cons

Pros

ADU Potential with Provided Plans: The property offers significant investment potential with an expansive backyard suitable for an Accessory Dwelling Unit (ADU), and the seller is providing plans for an 858 sq. ft. ADU with a semi-private entrance.
Prime Burbank Location: Situated in one of Burbank’s most desirable neighborhoods, the home offers excellent walkability and convenience, being a short distance from Magnolia Blvd, the Chandler Bike Path, and local parks.
Move-in Ready with Modern Updates: Described as a 'charming move-in-ready cottage,' the property features modern updates including wood-like floors, updated windows and doors, and a bright kitchen, minimizing immediate renovation needs.
Expansive & Versatile Backyard: The large backyard provides ample space for outdoor living, gardening, and supports the ADU potential, adding significant value and flexibility to the property.
Abundant Natural Light & Character: The home boasts abundant natural light and retains its charming character, creating a warm and inviting living environment.

Cons

Limited Interior Square Footage: With only 704 sqft, the main residence is relatively small, which may not meet the space requirements for all potential buyers or growing families.
Single Tandem Bathroom: The property features only one bathroom, described as 'tandem,' which could be a functional limitation and less desirable for some buyers.
Significant Price Discrepancy: The listing price of $949,000 is considerably higher than the estimated property value of $720,504.97, which may indicate overpricing relative to market comparables or automated valuations.

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