250 N First Street #337
Burbank, CA 91502
650 sqft | 1 bed | 1 bath | 1.93 acres | #TR24224447
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.
Property Details
- InteriorBalcony, CeilingFans, Pantry
- School DistrictBurbank Unified
- Sewer InformationPublicSewer
- CountyLos Angeles
- Property SubtypeCondominium
- Structure TypeMultiFamily
- MLS #TR24224447
- MLS #TR24224447
- ViewCourtyard
- Property TypePurchase
- Original List Price$255,634
- Acres1.9339
- Utility SourcePublic
- Cost255634
- Year Built2007
- Square Feet650
- Hoa Fees539
- Bedrooms1
- Bathrooms1
- Full Baths1
- Stories1
- Parking Spaces2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Caroline Chai (#HTSOUCAR)
Listing Office: Abraiday Inc. (#PB20112)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
