517 N Avon Street, Burbank, California 91505, Burbank, 91505 - 3 bed, 1 bath
ACTIVE$999,999
517 N Avon Street, Burbank, California 91505
3Beds
1Bath
1,018Sqft
6,000Lot
Year Built
1947
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$982
HOA
-
Days on market
-
Sold On
-
MLS number
BB25128977
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,5 Pros. Rank: price - $1000.0K(30th), sqft - 1018(19th), beds - 3(50th), baths - 1(30th).
Charming Burbank home in the heart of the desirable Media District! This 3-bedroom, 1-bathroom home offers over 1,000 sqft of living space on a 6,000 sqft lot. Features include a covered patio, a dedicated laundry room, and a spacious backyard perfect for entertaining or relaxation. The 2-car detached garage provides ample storage or potential for future use. Ideally located within walking distance to a nearby elementary school, this home is close to everything Burbank has to offer. A wonderful opportunity in a prime location!
Condition Rating
Poor
Built in 1947, this home shows significant signs of age and requires substantial rehabilitation. The kitchen is extremely outdated with original or very old cabinets, countertops, and sink, indicating it hasn't been renovated in 30-50+ years. While the property appears maintained, the worn carpets, dated interior finishes, and the functional limitation of only one bathroom for a three-bedroom home necessitate major updates to meet modern living standards. There are no indications of recent major system upgrades (HVAC, electrical, plumbing) which, given the age, would likely be required.
Pros & Cons
Pros
Prime Media District Location: Situated in the highly desirable Media District of Burbank, offering excellent access to studios, amenities, and a strong community, enhancing its market appeal.
Generous Lot Size: The 6,000 sqft lot provides ample outdoor space, including a spacious backyard perfect for entertaining or relaxation, and potential for expansion.
Detached 2-Car Garage with ADU Potential: The detached 2-car garage offers valuable storage, parking, and a clear opportunity for conversion into an Accessory Dwelling Unit (ADU), adding future value and income potential.
Proximity to Top-Rated Schools: Ideally located within walking distance to a nearby elementary school and part of the highly-regarded Burbank Unified School District, making it attractive to families.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potential resale value.
Cons
Significant Overpricing: The listing price of $999,999 is substantially higher than the estimated property value of $736,588.78, indicating a potential challenge in market absorption and buyer interest.
Limited Bathroom Count: With only one bathroom for a three-bedroom home, this can be a significant functional limitation for families or multiple occupants, potentially requiring costly renovations.
Age of Property: Built in 1947, the home may require substantial updates to systems (e.g., plumbing, electrical, HVAC) and aesthetics to meet modern buyer expectations, potentially incurring additional costs.