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713 East Olive Avenue

713 East Olive Avenue, Burbank, CA 91501
Property in Burbank
Sold Jul 07, 2017
$720,000
$596,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2051
Sold Mar 26, 2013
$547,000
$437,600 by Wells Fargo Bank Na
Mortgage Due Apr 01, 2043
713 East Olive Avenue has been categorized by the local assessors in Burbank, CA as a residential type of property. The building on the property was first built in 2004 and is 20 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. In addition, 713 East Olive Avenue has 1,560 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 60,663 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in May 22, 2017 for $720,000. That's $461.54 per sqft. Prior to that sales transaction, the property was also sold in Mar 1, 2013 for $547,000. 713 East Olive Avenue was last assessed in 2023. The total value of the property was assessed at $787,420. Specifically, the land the property is located on was valued at $455,938. While improvements on the property were assessed at a total of $331,482. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $8,491. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 60,663
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,560
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE VILLAS AT OLIVE
  • Land Acres: 1.393
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TR=53742 POR LOT 1 MODULE 1 CONDO UNIT 5 AIRSPACE AND 1/36 INT IN COMMON AREA

Ownership

  • Current Owner : LEE SUN JAE
  • Current Owner 2: LEE HYUN MIN
  • Previous Owner : BROMILEY CHRISTOPHER M
  • Previous Owner 2: BROMILEY JACQUELINE Y
  • Owner Before Previous Owner: SAKKAB NABIL Y
  • Owner Before Previous Owner 2: SAKKAB BILLIE J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

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

Zoning

  • Zoning: BUR3*

Geography

  • Subdivision Tract Number: 53742
  • Parcel: 2455-024-045
  • Lot: 1
  • Municipality: NORTH /BURBANK
  • Latitude: 34.1876
  • Longitude: -118.302

    Address

  • Full Address: 713 E Olive Ave
  • Address - House Number: 713
  • Street Direction: E
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Burbank
  • Carrier Code: C030
  • 4-Digit Zip Code: 2116
  • Zip Code: 91501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,491
  • Tax Rate Code Area: 02-530

    Appraisal Valuation

  • Standard Deviation: 0.2154
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 70
  • Final Value: 954,394
  • High Value: 1,159,977
  • Low Value: 748,810

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $596,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 31, 2020
  • First Open Lien Mortgage Loan Amount: $596,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $787,420
  • Assessed Land Value: $455,938
  • Assessed Improvements Value: $331,482

    Sales

  • Current Sale Contract Date: May 22, 2017
  • Current Sale Recording Date: Jul 07, 2017
  • Current Sale Transaction ID: 1589378373
  • Current Sale Price: $720,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0758744
  • Previous Sale Recording Date: Mar 26, 2013
  • Previous Sale Contract Date: Mar 01, 2013
  • Previous Sale Amount: $547,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 07, 2017
  • First Mortgage Loan Amount: $629,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Mar 26, 2013
  • Previous Mortgage Loan Amount: $437,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2043

About Burbank



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Frequently Asked Questions

What neighborhood is 713 East Olive Avenue located in?
The 713 East Olive Avenue is a located in the neighborhood of Burbank in Burbank, Burbank.
What is the average sales price for listings in 713 East Olive Avenue?
The average sales price for units in 713 East Olive Avenue is $0 currently.

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