2031 Jolley Drive, Burbank, California 91504, Burbank, 91504 - 3 bed, 2 bath

2031 Jolley Drive, Burbank, California 91504 home-pic-0
ACTIVE$1,525,000
2031 Jolley Drive, Burbank, California 91504
3Beds
2Baths
1,479Sqft
6,056Lot
Year Built
1951
Close
-
List price
$1.52M
Original List price
$1.56M
Price/Sqft
$1,031
HOA
-
Days on market
-
Sold On
-
MLS number
SR25130591
Home ConditionExcellent
Features
Good View: Peek-A-Boo
Patio
ViewPeek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.52M(68th), sqft - 1479(36th), beds - 3(50th), baths - 2(50th).

EXCELLENT BURBANK LOCATION ! ! SELLER IS MOTIVATED! Major price improvement! This charming home features 3 bedrooms and 2 bathrooms, offering nearly 1,500 square feet of living space on a 6,054 square foot lot. The cozy living room with fireplace overlooks the backyard, while the adjacent dining area connects seamlessly to a beautifully remodeled open-concept kitchen. Highlights include porcelain countertops, a breakfast bar/nook, a generous pantry, and stainless steel appliances: refrigerator, dishwasher, microwave, and stove. Two roomy bedrooms enjoy views of the front yard, and a fully renovated hallway bathroom adds comfort and style. The spacious primary suite includes its own remodeled en suite bathroom. Step outside to a serene pergola with tiled flooring and partial valley views—perfect for relaxing. The backyard also features a grass lawn. A gated driveway leads to a detached two-car garage with potential to be converted to an ADU. Additional features include recessed lighting, laminate floors, window shutters, crown molding, hallway closets with laundry space, and a side entrance from the kitchen. Located near the heart of Burbank, close to schools, shops, dining, and more. A wonderful home in a delightful neighborhood! MUST SEE ! !

Condition Rating
Excellent

This property has undergone extensive and recent renovations, particularly evident in the beautifully remodeled open-concept kitchen with new stainless steel appliances, porcelain countertops, and modern cabinetry. Both bathrooms are fully renovated with contemporary fixtures and finishes. The interior features new laminate flooring, recessed lighting, and fresh paint throughout, presenting as virtually new with no visible deferred maintenance. While the original build year is 1951, the comprehensive updates align with the 'extensively renovated within 5 years' criteria for an excellent rating.
Pros & Cons

Pros

Prime Burbank Location: The property boasts an excellent location near the heart of Burbank, offering convenient access to schools, shops, dining, and local amenities, enhancing its desirability.
Modernized Interior Finishes: The home features a beautifully remodeled open-concept kitchen with porcelain countertops, stainless steel appliances, and renovated bathrooms, providing a contemporary and move-in ready living experience.
ADU Conversion Potential: A detached two-car garage offers significant potential for conversion into an Accessory Dwelling Unit (ADU), presenting opportunities for rental income or expanded living space.
Enhanced Outdoor Living: The backyard includes a serene pergola with tiled flooring and a grass lawn, complemented by partial valley views, creating an inviting and functional outdoor space for relaxation and entertaining.
Seller Motivation & Price Adjustment: The listing highlights 'Seller is motivated!' and a 'Major price improvement!' from the original list price, indicating potential for negotiation and a more attractive entry point for buyers.

Cons

Significant Valuation Discrepancy: The current list price of $1,525,000 is considerably higher than the estimated property value of approximately $1,049,511, suggesting a potential overpricing relative to recent market comparables.
Unspecified Major System Updates: Built in 1951, and while interior cosmetics are updated, there is no explicit mention of renovations to major systems like HVAC, plumbing, or electrical, which could lead to unforeseen future maintenance or replacement costs.
Limited View Quality: The property offers 'Peek-A-Boo' views, indicating partial or obstructed valley views, which may not command the same premium as properties with expansive, unobstructed scenic vistas.

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