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118 South Sparks Street

118 South Sparks Street, Burbank, CA 91506
Sold Oct 27, 2020
$980,000
$197,000 by Flagstar Bank Fsb
Mortgage Due Oct 01, 2040
Local assessors in Burbank, CA have categorized 118 South Sparks Street as a residential type of property. The home was built in 1938 and is 86 years old. It was most recently renovated and altered in 1951. The property's lot size has been calculated to be 6,749 square feet. The linear feet between the front and back of the lot was measured at 1,350 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 7 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 118 South Sparks Street has a total of 1,578 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. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 118 South Sparks Street sold most recently in Oct 15, 2020 for a total of $980,000. If you work out the math, that's approximately a cost of $621.04 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,607 in taxes each year. 118 South Sparks Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,019,592. If we break it down further, the land itself was valued at $655,452. Improvements to the property, however, were assessed at a total of $364,140. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Carport
Detached Garage
Open Parking
RV Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,749
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,578
  • Building Area: 1,578
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,578
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 10032
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 10032 LOT/SEC 64

Ownership

  • Current Owner : RAINEY THOMAS F
  • Current Owner 2: HUYNH DIANE B
  • Previous Owner : HALL RAY
  • Previous Owner 2: HALL JOY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Burbank Unified School District
  • Census Tract: 311700

Zoning

  • Zoning: BUR1YY

Geography

  • Assessors Map Reference: 24-C1
  • Subdivision Tract Number: 10032
  • Parcel: 2445-014-021
  • Lot: 64
  • Municipality: NORTH /BURBANK
  • Latitude: 34.1675
  • Longitude: -118.322

    Address

  • Full Address: 118 S Sparks St
  • Address - House Number: 118
  • Street Direction: S
  • Address - Street Name: Sparks
  • Address - Suffix Type: St
  • State: CA
  • City Name: Burbank
  • Carrier Code: C061
  • 4-Digit Zip Code: 2452
  • Zip Code: 91506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,607
  • Tax Rate Code Area: 02-530

    Appraisal Valuation

  • Standard Deviation: 0.2141
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 70
  • Final Value: 1,279,099
  • High Value: 1,553,004
  • Low Value: 1,005,194

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $197,000
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Apr 25, 2012
  • First Open Lien Mortgage Loan Amount: $197,000
  • First Open Lien Mortgage Term: 341
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,019,592
  • Assessed Land Value: $655,452
  • Assessed Improvements Value: $364,140

    Sales

  • Current Sale Contract Date: Oct 15, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Transaction ID: 11794320401
  • Current Sale Price: $980,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1342454

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Oct 27, 2020
  • First Mortgage Loan Amount: $686,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 118 South Sparks Street located in?
The 118 South Sparks Street is a house located in the neighborhood of Rancho Adjacent in Burbank, Burbank.
What is the average sales price for listings in 118 South Sparks Street?
The average sales price for units in 118 South Sparks Street is $0 currently.

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