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Listed by Caroline Chai • Abraiday Inc.
$ 255,634
Est. payment /mo
Active Under Contract
250 North First Street Burbank, CA 91502
1 Bed
1 Bath
650 SqFt
UPDATED:
12/10/2024 12:06 AM
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 650 sqft
Price per Sqft $393
MLS Listing ID TR-24224447
Bedrooms 1
Full Baths 1
HOA Fees $539/mo
Year Built 2007
Lot Size 1.934 Acres
Property Description
Rare Burbank Affordable Unit for sale. First time buyer owner occupied only. Be the lucky one to purchase this upscale condo in the heart of Downtown Burbank with close proximity to endless shops, eateries, and activities. This end unit features a 650 sf open layout, natural light, central A/C and heating, laundry hookups, assigned garage parking/storage, upgraded quartz counters, under cabinet kitchen lighting, and outdoor porch with pool access. The complex features a gym, pool, lounge, putting green, BBQ, fire pit, & bocce ball court. HOA dues include water, trash, and gas. Down payment is 5% which is $12,782. Buyer must qualify for loan amount of $242,852. City of Burbank carries a silent 2nd loan estimated to be $342,366 interest free with no payment (to be paid off when selling the property in the future). Total purchase price is approx $598,000. Qualification: Buyers must have a household size no greater than 2 persons for income-eligibility:1 person $77,700-82,500; 2 persons $88,800-94,300. Unit can not be used as a rental. Submit 1. proof of income 2. proof of fund for 5% down payment of at least $12,7823, loan approval letter of $242,852 to agent first. Agent will submit the documents to City of Burbank for approval. Showings will be arranged to qualified buyers only.
Location
State CA
County Los Angeles
Zoning BUC4
Interior
Interior Features Balcony, Ceiling Fan(s), Pantry
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Electric Dryer Hookup, In Closet, Stackable
Exterior
Garage Spaces 2.0
Pool Association, Community
Community Features Urban
View Y/N Yes
View Courtyard
Building
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944