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1062 East Palm Avenue

1062 East Palm Avenue, Burbank, CA 91501
Property in Burbank
Sold May 25, 2012
$400,000
$200,000 by Bank Of The West
Mortgage Due Apr 22, 2045
Local assessors in Burbank, CA have categorized 1062 East Palm Avenue as a residential type of property. The home was built in 1936 and is 88 years old. It was most recently renovated and altered in 1950. The property's lot size has been calculated to be 7,535 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1062 East Palm Avenue has a total of 2,367 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable style roof that was made of composition shingle. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1062 East Palm Avenue was last sold in Apr 4, 2012 for $400,000. According to our calculations, that's $168.99 per sqft. Current property owners are expected to pay $6,029 in taxes per year. The property on 1062 East Palm Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $542,433. To break that down further, the land itself was valued at $289,742. While improvements to the property were assessed at a total of $252,691. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,535
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,367
  • Building Area: 2,367
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,367
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN OF BURBANK
  • Land Acres: 0.173
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BURBANK LOT/SEC 12 BLK/DIV/TWN 76

Ownership

  • Current Owner : ASLANYAN ZARA
  • Previous Owner : GRAMANZ FAYANN
  • Previous Owner 2: THE E & L BOWHAY REVOCABLE TRU
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Burbank Unified School District
  • Census Tract: 310201

Zoning

  • Zoning: BUR1*

Geography

  • Assessors Map Reference: 17-E4
  • Parcel: 2456-013-006
  • Block: 76
  • Lot: 12
  • Municipality: NORTH /BURBANK
  • Latitude: 34.1931
  • Longitude: -118.299

    Address

  • Full Address: 1062 E Palm Ave
  • Address - House Number: 1062
  • Street Direction: E
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Burbank
  • Carrier Code: C027
  • 4-Digit Zip Code: 1413
  • Zip Code: 91501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,029
  • Tax Rate Code Area: 02-530

    Appraisal Valuation

  • Standard Deviation: 0.1956
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 1,397,409
  • High Value: 1,670,866
  • Low Value: 1,123,951

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: BANK OF THE WEST
  • First Open Lien Mortgage Recording Date: Apr 24, 2015
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Apr 22, 2045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $542,433
  • Assessed Land Value: $289,742
  • Assessed Improvements Value: $252,691

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 04, 2012
  • Current Sale Recording Date: May 25, 2012
  • Current Sale Transaction ID: 1030307103
  • Current Sale Price: $400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 12-0784930

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • First Mortgage Transaction Date: May 25, 2012
  • First Mortgage Loan Amount: $318,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2042

About Burbank



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Frequently Asked Questions

What neighborhood is 1062 East Palm Avenue located in?
The 1062 East Palm Avenue is a located in the neighborhood of Burbank in Burbank, Burbank.
What is the average sales price for listings in 1062 East Palm Avenue?
The average sales price for units in 1062 East Palm Avenue is $0 currently.

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