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515 N Shelton Street, Burbank, California 91506, Burbank, 91506 - 3 bed, 1 bath

515 N Shelton Street, Burbank, California 91506 home-pic-0
ACTIVE$1,089,980
515 N Shelton Street, Burbank, California 91506
3Beds
1Bath
1,417Sqft
6,750Lot
Year Built
1923
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
BB25093163
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.09M(23th), sqft - 1417(34th), beds - 3(50th), baths - 1(21th).

Welcome to this beautifully maintained single-story residence nestled on a generous 6,750 square foot lot. Offering 1,417 square feet of comfortable living space, this 3-bedroom, 1-bathroom home blends timeless charm with modern convenience. Step into a formal entryway that opens into a light-filled living area featuring gleaming hardwood floors and a cozy den with a classic fireplace—perfect for relaxing evenings. The formal dining room offers an elegant space for hosting dinners and gatherings. The home is equipped with central heat and air to ensure year-round comfort. Outside, enjoy the private patio area ideal for entertaining or quiet relaxation. A standout feature of this property is the detached 2-car garage, complete with a laundry area and an adjacent guest house—perfect for extended family, a home office, or rental potential. Don’t miss this unique opportunity to own a versatile property with space, character, and convenience.

Condition Rating
Fair
The property, built in 1923, is well-maintained for its age and features central heat and air, which is a positive. The bathroom appears to have been updated, likely within the last 15-30 years, with a functional vanity and tiled shower. However, the kitchen is significantly dated with older honey-oak cabinets, laminate countertops, and older black appliances, requiring substantial aesthetic updates. Other areas show dated elements like blue carpeting and wood paneling. While functional and clean, the overall aesthetic and key areas like the kitchen indicate that it requires minor to moderate updates to meet current buyer expectations, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Detached Guest House: The property features a detached 2-car garage with an adjacent guest house, offering significant versatility for extended family, a home office, or potential rental income.
Generous Lot Size: A substantial 6,750 square foot lot provides ample outdoor space for privacy, entertaining, and potential future landscaping or expansion.
Desirable Burbank Location: Nestled in Burbank, the property benefits from a sought-after location known for its community, schools, and convenient access to local amenities.
Central HVAC System: Equipped with central heat and air, the home ensures year-round comfort, a key modern amenity for residents.
Timeless Charm & Maintained Condition: Described as beautifully maintained with classic features like gleaming hardwood floors and a cozy fireplace, appealing to buyers seeking character and good upkeep.

Cons

Limited Bathroom Count: The property offers only one bathroom for three bedrooms, which can be a significant functional limitation for families or multiple occupants.
Price vs. Estimated Value Discrepancy: The listing price is notably higher than the estimated property value, which may lead to buyer scrutiny regarding market competitiveness and potential overpricing.
Age of Property (Potential for System Updates): Built in 1923, despite being maintained, the home's age suggests potential for older infrastructure (e.g., plumbing, electrical) that may require future updates or maintenance.

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