355 W Cedar Ave Burbank, CA 91506

$1,120,000 Sold Price as of 11/29/2018

4 Beds
2 Baths
2,180 Sq.Ft.

Off Market

$1,120,000 Sold Price as of 11/29/2018 Refinance Your Mortgage

Map preview of 355 W Cedar Ave, Burbank, CA 91506

Property Overview: 355 W Cedar Ave Burbank, CA has 4 bedrooms, 2 bathrooms, 2,180 living square feet and 7,932 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

355 W Cedar Ave is currently an off market home in the city of Burbank. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Burbank has a median list price of $1,134,888. The median price per/sqft for Burbank is $790. With those numbers in mind, if you are looking to purchase a median priced home in Burbank, CA and put 20% down you will need to save up $226,978 for the down payment and will need roughly $22,698 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Burbank the commission could be as much as $62,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 355 W Cedar Ave

Last sold for $1,120,000 on November 29th, 2018

November, 2018
Nov 29, 2018

Date

Sold

CRMLS: PF18241505

$1,120,000

Price
Oct 25, 2018

Date

Pending

CRMLS: PF18241505

$1,089,000

Price
Oct 8, 2018

Date

Active

CRMLS: PF18241505

$1,089,000

Price
Listing provided courtesy of CRMLS

Classic Spanish duplex located in the highly desirable Rancho District of Burbank. Designed with a very functional open floor plan, the units are perfect for entertaining, as well as for privacy, with all bedrooms situated toward the rear of the dwelling. This quintessential Southern California side-by-side duplex was constructed in 1929 and built to last. Owner occupied in both units, the Sellers have meticulously renovated the property, investing over $115,000 into upgrades since 2013. Valuable systems improvements over the last 5 years include: installation of a fully-owned solar panel system (not leased), central HVAC systems, and water heaters for both units. Cosmetic improvements include: new exterior paint, new Spanish tile roof, new portions of concrete driveway, hardwood floors, remodeled bathrooms, upgraded kitchens, and stainless steel appliances in both units. The nearly 8,000 SF lot provides for a wide & deep backyard. The expansive backyard is beautifully landscaped, offering a chance to relax under the pergola or have BBQ’s with friends. This is a rare opportunity to purchase a turnkey duplex in a great neighborhood of Burbank, ideal for an investor or owner occupant. Lease out both units for income, or live in one and rent the other.

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November, 2018
Nov 29, 2018

Date

Sold (Public Records)

Public Records

$1,120,000

Price
January, 2013
Jan 31, 2013

Date

Sold (Public Records)

Public Records

$615,000

Price

Tax History for 355 W Cedar Ave

Assessed Value (2020): $1,142,400

Year	Land Value	Improved Value	Assessed Value
2020	$683,400	$459,000	$1,142,400

About 355 W Cedar Ave

Detailed summary of property

355 W Cedar Ave is categorized with a use code of Duplex (2 Units, Any Combination) in Burbank, CA 91506 and last sold on November 29, 2018 for $1,120,000. This property has 4 bedrooms, 2 bathrooms, roughly 2,180 living square feet, and sits on an approximately 7,932 square foot lot. Homes in Burbank are selling for a median price of $1,240,000 and a median price per square foot of $838. Based on Ardent Real Estate Group's Burbank Market Data, this home is sold 9.68% lower than the current median priced home. 355 W Cedar Ave was last sold on November 29, 2018 for $1,120,000. Local nearby listings include 3440 Troy Dr, 3250 Velma Dr and 3401 Barham Blvd Blvd #2. The average home in Burbank, CA is selling in 63 days. There are currently 149 homes for sale in the Burbank real estate market and 113 of them are single family homes while 18 of them are condos and 18 are townhomes. If you are the homeowner and looking to sell the home at 355 W Cedar Ave Burbank, CA 91506 contact Ardent Real Estate Group and we will put you in touch with one of our Burbank agents.

Public Facts for 355 W Cedar Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1929
Sq. Ft.: 2,180
Lot Size: 7,932
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 2451-025-012

The source for these homes facts are from public records.

91506 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,199,000

Median List Price/Sq.Ft.

$821

Median Sold Price

$1,395,000

Median Sold Price/Sq.Ft.

$838

Total Inventory

Median Sale to List Price %

107.31%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (0%), VA (0%), Cash (40%), Other (6.67%)

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