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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 UNDER CONTRACT$1,039,930
515 N Shelton Street, Burbank, California 91506
3Beds
1Bath
1,417Sqft
6,750Lot
Year Built
1923
Close
-
List price
$1.04M
Original List price
$1.04M
Price/Sqft
$734
HOA
-
Days on market
-
Sold On
-
MLS number
BB25118529
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.04M(15th), 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
Built in 1923, this home shows signs of regular maintenance and some updates, but key areas like the kitchen are significantly outdated with original-style wood cabinets, laminate countertops, and older black appliances, requiring a full renovation. The bathroom appears to have been updated, but its style is approximately 10-20 years old. While the property benefits from central heat and air and is described as 'beautifully maintained,' many aesthetic elements, including some flooring (e.g., blue carpet in the guest house) and wood paneling, are dated, aligning with a 'fair' condition where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Guest House / ADU Potential: 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: Situated on a substantial 6,750 square foot lot, providing ample outdoor space for recreation, gardening, or future expansion.
Well-Maintained & Charming Interior: Described as a 'beautifully maintained' residence with 'timeless charm,' featuring gleaming hardwood floors, a formal entryway, and a cozy den with a classic fireplace.
Central Heating and Air Conditioning: Equipped with central heat and air, ensuring year-round comfort, a key modern amenity for the region.
Functional Layout with Formal Spaces: The home offers a practical layout including a formal entryway, a light-filled living area, and a formal dining room, ideal for entertaining and daily living.

Cons

Single Bathroom: A 3-bedroom home with only one bathroom can be a significant functional limitation and a drawback for families or multiple occupants, especially compared to similar properties.
High List Price Relative to Estimation: The current list price is 21% higher than the property's estimated value, which may suggest it is overpriced compared to market benchmarks and could impact buyer interest.
Age of Property & Potential for System Upgrades: Built in 1923, while contributing to its charm, the age of the property may imply older infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or significant upgrades, despite being 'beautifully maintained'.

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