250 N First Street, #337

Burbank, CA 91502

$255,634

List Price

1

bed Beds

1

shower Baths

650 sqft

straighten / sqft

2007

calendar_month Built

Property Description

Rare Burbank Housing Authority 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 of $226,500 interest free with no payment. Total purchase price is $482,134. Qualification: Buyers must have a household size no greater than 5 persons for income-eligibility:1 person $77,700-85,500; 2 persons $88,800-94,300, and 3 persons $99,900-106,050, 4 persons $110,950-117,850 and 5 persons $119,850-127,300. Unit can not be used as a rental. Submit 1. proof of income 2. proof of fund for 5% down payment 3. loan approval to agent first. Agent will submit the documents to Burbank Housing Authority for approval. Showings will be arranged to qualified buyers only.

Listing Information

List Price $255,634
Status Active
MLS TR24224447
HOA $539
Type Residential
Subtype Condominium
Year Built 2007
Lot Size 84,242
Structure Size 650
DOM 1
Courtesy Of Abraiday Inc.
Listing Agent Caroline Chai DRE#01343928

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Laundry Closet, Stacked
Total Bedroom
Bedrooms 1
Total Bathroom
Bathrooms 1
Fireplace Information
Features None
Additional Information
Additional Features Balcony, Ceiling Fan(s), Pantry
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Caroline Chai, Abraiday Inc. 909-589-9989. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 7:15 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.