1072 E Fairmount Road, Burbank, California 91501, Burbank, 91501 - 3 bed, 2 bath

1072 E Fairmount Road, Burbank, California 91501 home-pic-0
ACTIVE$1,799,999
1072 E Fairmount Road, Burbank, California 91501
3Beds
2Baths
2,030Sqft
7,852Lot
Year Built
1932
Close
-
List price
$1.8M
Original List price
$2.19M
Price/Sqft
$887
HOA
-
Days on market
-
Sold On
-
MLS number
25484441
Home ConditionExcellent
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.80M(71th), sqft - 2030(55th), beds - 3(50th), baths - 2(50th).

Amazing quiet location in the best part of Burbank! Hard to find Spanish Revival in the hills of Burbank, located in a friendly, quiet neighborhood, just below the DeBell Golf Course and Castaway Restaurant. This lovingly restored Spanish home features a large Spanish courtyard with custom Spanish tile fountain and jasmine bushes. The great room also features vaulted and beamed ceiling with custom gas fireplace (tiles imported from Mexico) and huge picture window. Wrought iron Spanish accents and lighting throughout home. The galley kitchen includes a serving butler's pantry off the formal dining room. The laundry room comes with a front loader Samsung washer/dryer set and includes a walk-in pantry with hidden stairs leading to the basement, which has huge built-in storage. Home is wired for camera security system. Bedroom #1: Walk-in closet dressing area, small office cubby, wall mount TV. Bedroom #2: Main bedroom with His/Her walk-in closet with built-in drawers, wall mount TV with views of the Burbank mountains. Bedroom #3: Closet with built-in drawers, and is attached to the updated 3/4 bath. Has views of the Burbank Mountains. Main bathroom: Fully custom updated with imported Spanish tile, deep soaker tub and a James Martin double sink vanity and mirrors. Second bathroom: Access from the bedroom #3 or from washer/dryer through kitchen. Double car garage in back of property, newly insulated and painted with recessed lighting and wall AC. Approved ADU available. Large backyard (large enough for a pool) with new sod last fall and mature Meyer lemon tree, ready for your dream backyard! New fence on all sides of backyard. Updates within the last 5 years: 5-ton HVAC with all new ductwork in basement, blown-in ceiling insulation (attic with drop-down ladder is 8 feet high, so can accommodate vaulted ceilings or additional storage room), sewer main-line replacement and new copper plumbing, top-of-the-line, efficient tank-less water heater (just serviced), 50-amp EV charger. All appliances included. Semi-Furnished: several large mounted TVs, high-end coffee table, credenza and other wooden furniture, beautiful large custom Spanish table and eight rare 1930s original "true" mahogany Spanish chairs with leather seats and other pieces included.

Condition Rating
Excellent

Despite being built in 1932, this property has undergone extensive and high-quality renovations within the last 5 years, including a new 5-ton HVAC system, new ductwork, sewer main-line replacement, new copper plumbing, and a top-of-the-line tankless water heater. The main bathroom is 'fully custom updated with imported Spanish tile, deep soaker tub and a James Martin double sink vanity and mirrors,' indicating a luxurious and modern finish. The second bathroom is also described as 'updated.' While the kitchen is a 'galley kitchen,' the overall 'lovingly restored' theme and inclusion of modern appliances (like the Samsung washer/dryer) suggest it is in excellent condition, even if the layout is traditional. The property meets the criteria for 'extensively renovated within 5 years' with virtually new major components and high-quality finishes in key areas.
Pros & Cons

Pros

Extensive Modern Upgrades: Comprehensive recent updates within the last 5 years, including a 5-ton HVAC system with new ductwork, sewer main-line replacement, new copper plumbing, a top-of-the-line tankless water heater, and a 50-amp EV charger, significantly enhance the home's functionality, efficiency, and long-term value.
Approved ADU Potential: The availability of approved plans for an Accessory Dwelling Unit (ADU) presents a substantial opportunity for additional rental income, multi-generational living, or expanded usable space, adding significant future value.
Prime Burbank Hills Location: Situated in an 'amazing quiet location' in the desirable Burbank hills, just below the DeBell Golf Course and Castaway Restaurant, offering a prestigious address and convenient access to local amenities.
Authentic Spanish Revival Charm: A lovingly restored Spanish Revival home featuring distinctive architectural details such as a large Spanish courtyard with a custom tile fountain, vaulted and beamed ceilings, a custom gas fireplace with imported Mexican tiles, and wrought iron accents throughout.
Spacious & Versatile Backyard: The expansive backyard, recently sodded and large enough for a pool, along with a mature Meyer lemon tree and new fencing, offers significant potential for personalized outdoor living, entertainment, and landscaping.

Cons

Significant Price Discrepancy: The current list price of $1,799,999 is substantially higher than the property's estimated value of $1,250,434, and has already seen a considerable reduction from its original list price of $2,195,000, suggesting potential overpricing relative to market comparables.
Galley Kitchen Layout: Despite the inclusion of a butler's pantry, the 'galley kitchen' design may not appeal to all modern buyers who often prefer more open-concept living spaces, potentially limiting its broad market appeal.
Suboptimal Second Bathroom Access: The second bathroom's access from either Bedroom #3 or through the laundry room via the kitchen could be perceived as inconvenient or lacking privacy for general household use or guests.

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