Why was the price on this Burbank home so low?

I sold 2112 N. Brighton in Burbank sold in early October for its list price, $430,000.  That price seems low for a Burbank home these days, yes? What happened here?

One word, three times: location, location, location.  This home is located 1 block from the freeway, one block on two sides from industrial property, and six blocks from the airport.  All of these elements -- known as "incurable defects" -- served to keep the price below average.

Plus, the house itself was not large -- it was a 2+1 with a den.  There was no air conditioning.  It needed a lot of updates. The sellers let the yard go.  The only exciting feature was a new garage at the back of the property.

And we asked potential buyers to forego pest work of about $6000.  (Yes, pest work is negotiable.) Plus, the sellers had just purchased another home, so they weren't inclined to wait for a higher offer. We had it in escrow within five days of listing and a fair price was had by both sellers and buyers.

Open today, 8/18, from 2-5: 5227 Denny #101, North Hollywood and 2112 N. Brighton, Burbank

Seeking an adorable 2+1+den in Burbank for $430,000? Please visit me today at 2112 N. Brighton. If you'd rather have a really cool 3 bedroom condo in trendy Noho, please visit colleague Scott at 5227 N. Denny #101 in North Hollywood.

2112 N. Brighton will be open Sunday, August 18, from 2 to 5

Here's a pic of 2112 N. Brighton in Burbank. More pics can be found later today on my website at JudyGraff.com. Brighton is an adorable 2 bed, 1 bath home with a den, a generously-sized kitchen and 2 separate garages. It is listed for $430000 and is open on Sunday, 8/18, from 2 to 5. Come visit me and Steve!

Don't give up your home search yet. 2 beds+1 bath+sunny den in Burbank for $430000 lists Friday.

Just when you thought you'd never find a home, along comes 2112 N. Brighton in Burbank. With 2 beds, 1 bath and a big, sunny den. Big yard. Two garages: a single car plus 2-car garage off the alley. Hardwood floors, generously-sized kitchen, dining area, coved ceilings, included appliances, great neighborhood. Just waiting for your creative touches. And affordable, too. See? Wishes can come true. 2112 N. Brighton will be available to see on Friday and open this Sunday, 8/18, from 2 to 5. I'll have pictures on Friday. Sellers are motivated and will respond to all reasonable offers -- I know, it seems too good to be true, doesn't it?