NOT LISTED FOR SALE

1020 Paloma Ave Burlingame, CA 94010

Burlingame Terrace Neighborhood

Estimated Value: $2,286,000 - $3,223,258

4 Beds
4 Baths
2,300 Sq Ft
$1,143/Sq Ft Est. Value

Last Sold March 07, 2017

Last sale price $2,071,000 $900 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $16,527/month

6 Days on Market

Highlights

  • Contemporary Architecture
  • Vaulted Ceiling
  • Stone Countertops
  • Roosevelt Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Paloma Playground

About This Home

As of March 2017

Rare Burlingame Investment Opportunity! 1020-1022 Paloma Ave., Burlingame Newly remodeled, move-in ready Duplex. This premier Easton Addition/Burlingame Terrace location along with the inviting, home-like appeal brings a new meaning to investment property. Each unit boasts two large bedrooms, two bathrooms, a living room with dining area, and a fully remodeled kitchen. High ceilings, hardwood floors, 2 Car Garages, Laundry for each, and outdoor space. Conveniently located 2 blocks from Broadway and less than 1 mile from Burlingame Avenue, this Duplex has shopping, restaurants, and top-rated schools at its fingertips. Highways 101, 280, Caltrain and BART all within 2 miles for easy commuting to SF or Silicon Valley.

Last Agent to Sell the Property

Deanna Reudy

Golden Gate Sotheby's International Realty License #01368863 Listed on: 02/17/2017

Golden Gate Sotheby's International Realty

Co-Listed By

Raeanna Reudy

Compass License #01971379

Last Buyer's Agent

Justin Goldberg

Compass License #01705028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,819

Year Built

  • 1987

Lot Details

  • 5,750 Sq Ft Lot
  • Kennel or Dog Run
  • Fenced
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • Vaulted Ceiling

Kitchen

  • Oven or Range
  • Microwave
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • 220 Volts

Community Details

  • 2,300 Sq Ft Building
  • 1 Leased Unit

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,819

Year Built

1987

Lot Details

0

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Contemporary
  • Age: 30
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2300
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1987

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Stone, Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2300
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Stone
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Bbq Area, Dog Run / Kennel, Fenced, Low Maintenance, Sprinklers - Auto, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Schools

  • School District: San Mateo Union High
  • Elementary School: Roosevelt Elementary
  • Middle School: Burlingame Intermediate
  • High School: Burlingame High
  • High School: 615
  • Elementary School: 630
  • Middle School: 675

Lot Info

  • Lot Acres: 0.1320
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 47.79
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2017
Closed on
Mar 6, 2017
Sold by
Reudy Raymond M and Reudy Deanna P
Bought by
Canton Lorraine Mary
Seller's Agent
Deanna Reudy
Golden Gate Sotheby's International Realty
Buyer's Agent
Justin Goldberg
Compass
List Price
$1,950,000
Sold Price
$2,071,000
Premium/Discount to List
$121,000
6.21%
Current Estimated Value
$2,628,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,065
Avg. Annual Appreciation
2.85%

Purchase Details

Closed on
Jun 17, 2015
Sold by
Brinkmann Mary Lynn and Reudy Deanne P
Bought by
Reudy Raymond M and Reudy Deanna P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 1998
Sold by
Zimmerman C
Bought by
Lombardi Rocco and Lombardi Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.37%

Purchase Details

Closed on
Feb 17, 1998
Sold by
Zimmerman C
Bought by
Zimmerman Claire
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Canton Lorraine Mary $2,071,000 Old Republic Title Company
Reudy Raymond M $867,000 Old Republic Title Company
Brinkmann Mary Lynn -- Old Republic Title Company
Lombardi Rocco $565,500 Fidelity National Title Co
Zimmerman Claire -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canton Lorraine Mary $700,000
Previous Owner Reudy Raymond M $845,000
Previous Owner Lombardi Rocco $450,000
Previous Owner Lombardi Rocco $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2017 03/07/17 Sold $2,071,000 +6.2% $900 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $1,950,000 -- $848 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,819 $2,403,568 $1,242,984 $1,160,584
2023 $26,819 $2,310,236 $1,194,718 $1,115,518
2022 $25,863 $2,264,939 $1,171,293 $1,093,646
2021 $25,901 $2,220,529 $1,148,327 $1,072,202
2020 $25,362 $2,197,761 $1,136,553 $1,061,208
2019 $24,796 $2,154,668 $1,114,268 $1,040,400
2018 $24,324 $2,112,420 $1,092,420 $1,020,000
2017 $16,044 $1,362,177 $769,593 $592,584
2016 $15,456 $1,335,470 $754,504 $580,966
2015 $8,829 $737,639 $221,745 $515,894
2014 $8,702 $723,191 $217,402 $505,789
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Deanna Reudy

    Golden Gate Sotheby's International Realty

    Section Image

  • R

    Seller Co-Listing Agent in 2017

    Raeanna Reudy

    Compass

  • J

    Buyer's Agent in 2017

    Justin Goldberg

    Compass

See All Agents

Map

Source: MLSListings

MLS Number: ML81639263

MLSListings

APN: 026-196-190

California San Mateo County Burlingame 94010 Burlingame Terrace

1020 Paloma Ave, Burlingame, CA

This home is located at 1020 Paloma Ave, Burlingame, CA 94010 since 17 February 2017 and is currently estimated at $2,628,065, approximately $1,142 per square foot. This property was built in 1987. 1020 Paloma Ave is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, Burlingame Intermediate School, and Burlingame High School.

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