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505 Cambridge, Burbank, California 91504, Burbank, 91504 - 3 bed, 3 bath

505 Cambridge, Burbank, California 91504 home-pic-0
ACTIVE$1,995,000
505 Cambridge, Burbank, California 91504
3Beds
3Baths
2,524Sqft
11,104Lot

Price Vs. Estimate

The estimated value ($1,966,112.23) is $28,887.77 (1%) lower than the list price ($1,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11104, living area = 2524.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2524, other record living area = 1793.

Compared to the nearby listings

Price:$2.00M vs avg $1.41M (+$585,000)81%
Size:2,524 sqft vs avg 1,722 sqft79%
Price/sqft:$790 vs avg $84138%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, this property has undergone extensive renovations, making it move-in ready. The kitchen features updated granite countertops, stainless steel appliances, and premium wood-look tile flooring. The bathrooms are also updated with modern vanities, granite countertops, and tiled showers/tubs. While the style of these renovations (particularly the cabinet and tile choices) suggests they are likely 5-15 years old rather than brand new, they are in good condition and fully functional. The home also benefits from consistent updated flooring throughout, recessed lighting, fresh paint, and a significant recent upgrade with a fully paid-off solar power system. There are no immediate renovation needs, aligning with a 'good' condition rating.
Year Built
1950
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$790
HOA
-
Days on market
-
Sold On
-
MLS number
GD25276336
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Welcome to this beautiful residence located in the most desired area of Burbank. Situated on an 11,104-square-foot lot, this well-appointed home offers approximately 1,784 square feet of living space with a thoughtfully designed layout. The interior features three bedrooms, a den, two bathrooms, a formal dining room, and a spacious living room, ideal for both comfortable living and entertaining. The kitchen is tastefully appointed with granite countertops, stainless-steel appliances, premium tile flooring, and a charming breakfast nook, seamlessly connecting to the main living areas. The property also includes a permitted recurring room of approximately 740 sq ft with a half bath, providing added flexibility and functionality. Enjoy a beautiful backyard with a patio, perfect for outdoor gatherings and relaxation. Additional highlights include a detached two-car garage and an owned, fully paid-off solar power system, offering long-term energy efficiency and value. Conveniently located near parks, top-rated schools, shopping, and dining, this exceptional property presents a rare opportunity to own a refined home in one of Burbank’s premier neighborhoods.

Price History

Date
Event
Price
09/06/24
Sold
$1,685,000
Condition Rating
Good
Despite being built in 1950, this property has undergone extensive renovations, making it move-in ready. The kitchen features updated granite countertops, stainless steel appliances, and premium wood-look tile flooring. The bathrooms are also updated with modern vanities, granite countertops, and tiled showers/tubs. While the style of these renovations (particularly the cabinet and tile choices) suggests they are likely 5-15 years old rather than brand new, they are in good condition and fully functional. The home also benefits from consistent updated flooring throughout, recessed lighting, fresh paint, and a significant recent upgrade with a fully paid-off solar power system. There are no immediate renovation needs, aligning with a 'good' condition rating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11104, living area = 2524.
Prime Location: Situated in a highly desired area of Burbank, conveniently located near parks, top-rated schools, shopping, and dining, enhancing its appeal and potential for appreciation.
Permitted Flexible Space: Includes a permitted recurring room of approximately 740 sq ft with a half bath, offering significant flexibility for use as an ADU, home office, studio, or guest quarters.
Large Lot Size: The property boasts a generous 11,104-square-foot lot, providing ample outdoor space for recreation, landscaping, and potential expansion.
Energy Efficiency: Features an owned, fully paid-off solar power system, offering long-term energy savings and reduced utility costs.
Updated Kitchen: The kitchen is tastefully appointed with modern upgrades including granite countertops, stainless-steel appliances, and premium tile flooring.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2524, other record living area = 1793.
Age of Property: Built in 1950, the home's age may imply potential for aging infrastructure such as plumbing, electrical, or roofing, which could require future maintenance or upgrades.
Unspecified HVAC System: The description does not explicitly mention the presence or condition of a central air conditioning system or updated heating, which could be a comfort concern in Burbank's climate.
Potential for Outdated Bathrooms: While the kitchen has been updated, there is no mention of renovations to the bathrooms, suggesting they may retain original features or require modernization to match current tastes.

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