914 E Grinnell Drive, Burbank, California 91501, Burbank, 91501 - 5 bed, 4 bath

914 E Grinnell Drive, Burbank, California 91501 home-pic-0
ACTIVE$2,900,000
914 E Grinnell Drive, Burbank, California 91501
5Beds
4Baths
4,184Sqft
12,434Lot

Price Vs. Estimate

The estimated value ($2,504,798.565) is $395,201.435 (13%) lower than the list price ($2,900,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Renovation & Modern Luxury: The home has been recently and meticulously renovated, featuring a modern kitchen, open floor plan, and elegant finishes, providing a move-in ready luxury experience.
Top Cons:
Absence of Central Air Conditioning: Despite being a luxury home in a warm climate, the property description does not mention a central cooling system, which could be a significant comfort concern for buyers.

Compared to the nearby listings

Price:$2.90M vs avg $1.47M (+$1,427,000)87%
Size:4,184 sqft vs avg 1,952 sqft90%
Price/sqft:$693 vs avg $83226%

More Insights

Built in 1956 (69 years old).
Condition: The property has undergone a recent, extensive renovation with meticulous attention to detail, featuring a modern kitchen with high-end finishes and updated bathrooms, making it move-in ready. However, despite being described as a 'luxury home' in a warm climate, the explicit absence of central air conditioning is a significant drawback for a major system, preventing it from achieving an 'Excellent' score based on current quality standards for luxury properties.
Year Built
1956
Close
-
List price
$2.9M
Original List price
$3.1M
Price/Sqft
$693
HOA
-
Days on market
-
Sold On
-
MLS number
BB25099584
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Exquisite Luxury Home in Prestigious Burbank Neighborhood – 914 E Grinnell Dr. Welcome to this breathtaking custom single story luxury home nestled on one of Burbank's most coveted, tree-lined streets. Recently renovated with meticulous attention to detail, this 5-bedroom, 3.5-bathroom residence offers an open floor plan, ideal for entertaining guests or enjoying intimate family moments. As you step inside, you'll be greeted by a bright and inviting space, where the modern kitchen seamlessly flows into the heart of the home. The kitchen features a separate breakfast nook, perfect for cozy morning meals. The elegant dining room boasts a charming fireplace, creating an atmosphere ideal for hosting formal dinners or intimate gatherings. The main living area features a second oversized fireplace, offering warmth and comfort for relaxing evenings by the fire. Step outside to the elevated patio, where you can admire the lush, expansive backyard. Equipped with an outdoor BBQ kitchen, this space is perfect for hosting outdoor parties or unwinding after a long day. The sprawling 12,500 sq. ft. lot provides ample room for a pool or other recreational activities, offering a serene escape from the hustle and bustle of daily life. Adding to the versatility of this property is the bonus "rumpus room" located downstairs, complete with its own full bathroom and a separate entrance. This space can serve as a studio, guest suite, or a peaceful retreat for some personal solitude. A spacious, finished three-car garage with vaulted exposed beam ceilings offers endless possibilities for an ADU, gym, workshop, or a combination of uses. Optional Pool/Spa permit is ready to be built by the seller for an upgraded $175,000 option. Don’t miss the opportunity to experience the perfect blend of comfort, luxury, and convenience in this remarkable home. You can own a little piece of Hollywood history with the likes of Elton John, Elizabeth Taylor, Bryan Cranston, Toni Collette, Greg Kinnear, Paul Dano, Alan Arkin, Steve Carrell, Emma Stone, Kim Kardashian and many more have filmed commercials and movies in this iconic location. Seller financing is available for a well qualified buyer and large down payment. Schedule your visit today!

Condition Rating
Good

The property has undergone a recent, extensive renovation with meticulous attention to detail, featuring a modern kitchen with high-end finishes and updated bathrooms, making it move-in ready. However, despite being described as a 'luxury home' in a warm climate, the explicit absence of central air conditioning is a significant drawback for a major system, preventing it from achieving an 'Excellent' score based on current quality standards for luxury properties.
Pros & Cons

Pros

Extensive Renovation & Modern Luxury: The home has been recently and meticulously renovated, featuring a modern kitchen, open floor plan, and elegant finishes, providing a move-in ready luxury experience.
Highly Versatile Living Spaces: Includes a bonus 'rumpus room' with a separate entrance and full bath, offering potential for a guest suite, ADU, or dedicated workspace, complemented by a 3-car garage with ADU conversion possibilities.
Generous & Amenity-Rich Outdoor Area: A sprawling 12,500 sq. ft. lot boasts a lush backyard, elevated patio, and outdoor BBQ kitchen, providing ample space for entertaining and potential for a future pool.
Prestigious Burbank Location: Situated on a coveted, tree-lined street in a prestigious Burbank neighborhood, offering desirable community living and historical significance from past celebrity filming.
Flexible Seller Financing Option: The availability of seller financing for qualified buyers with a substantial down payment can significantly enhance accessibility and appeal to a broader range of purchasers.

Cons

Absence of Central Air Conditioning: Despite being a luxury home in a warm climate, the property description does not mention a central cooling system, which could be a significant comfort concern for buyers.
Discrepancy with Market Valuation: The current listing price of $2.9M is notably above the property's estimated market value of approximately $2.5M, potentially indicating an overvaluation that could impact buyer interest and negotiation.
Significant Additional Cost for Pool/Spa: While the lot allows for a pool, the option to build one comes at a substantial additional cost of $175,000, which is not included in the listing price and requires further investment from the buyer.

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