NOT LISTED FOR SALE

1329 Sanchez Ave Burlingame, CA 94010

Burlingame Terrace Neighborhood

Estimated Value: $2,322,000 - $3,203,422

5 Beds
3 Baths
1,724 Sq Ft
$1,516/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $1,900,000 $1,102 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $15,576/month

15 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Secured Garage or Parking
  • McKinley Elementary School Rated A
  • Tandem Parking
  • 2-minute walk to Paloma Playground

About This Home

As of June 2018

Charming duplex on a corner lot in desirable Burlingame Neighborhood with award winning schools. One unit features 3 bedrooms, 1.5 baths, hardwood floors, granite countertops, with a deck attached and a large,separate 2 car garage. The other unit has 2 bedrooms, 1 bath, with a combination eat in kitchen that opens up to a large living room with a enclosed patio off to the side. This unit has hardwood floors throughout. The garage is detached. Walk a few blocks to downtown Burlingame or hop on the Cal train just a few short blocks away! It is conveniently located off the 101 freeway and as short drive to 280 which makes it an ideal location. For those who like to travel, SFO is just an exit away! This would make a great home or investment property.

Last Agent to Sell the Property

Erica Labson Gaddi

Carlile Realty & Lending License #01483365 Listed on: 04/25/2018

Last Buyer's Agent

Erica Labson Gaddi

Carlile Realty & Lending License #01483365 Listed on: 04/25/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 5,502

Parking

  • 3 Car Detached Garage
  • Tandem Parking
  • Secured Garage or Parking
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Raised Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,724 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Additional Features

  • 5,502 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $66,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,500
  • Maintenance Expense $800
  • Operating Expense $19,100
  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

0

Parking

3

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1724
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 1724
  • Stories: 1
  • Security: Secured Garage / Parking
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, Off-Street Parking, On Street, Tandem Parking, Uncovered Parking

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Corners Marked - No
  • Lot Acres: 0.1263
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 29.55
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 1800
  • Expense Maintenance: 800
  • Expenses Total: 19100
  • Income Annual Gross: 66000.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 66000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Loan - Mortgage, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Hsu Tiffany and Cai Disen
Bought by
Cai Disen
Current Estimated Value
$2,613,606

Purchase Details

Closed on
Mar 14, 2020
Sold by
Cai Disen
Bought by
Cai Disen and Disen Cai Living Trust

Purchase Details

Closed on
Oct 31, 2019
Sold by
Chan Roger and Chan Evelyn
Bought by
Cai Disen and Hsu Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 25, 2018
Closed on
Jun 26, 2018
Sold by
Labson Rodrigo N
Bought by
Chan Roger and Chan Evelyn
Seller's Agent
Erica Labson Gaddi
Carlile Realty & Lending
Buyer's Agent
Erica Labson Gaddi
Carlile Realty & Lending
List Price
$1,950,000
Sold Price
$1,900,000
Premium/Discount to List
-$50,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.29%
Original Mortgage
$960,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 17, 2005
Sold by
Lee Leta
Bought by
Labson Rodrigo N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 25, 2003
Sold by
Louie Alan C and Louie May May Ki
Bought by
Louie Alan C and Louie May May Ki

Purchase Details

Closed on
Mar 22, 2001
Sold by
Lee Kin Fai and Lee Kit Ling Ng
Bought by
Lee Kin Fai and Lee Kit Ling Ng
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cai Disen -- None Listed On Document
Cai Disen -- None Available
Cai Disen $1,960,000 Fidelity National Title Co
Chan Roger $1,900,000 Fidelity National Title Co
Labson Rodrigo N -- Chicago Title Insurance Co
Labson Rodrigo N $1,075,000 Chicago Title Insurance Co
Louie Alan C -- --
Lee Kin Fai -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cai Disen $1,000,000
Previous Owner Chan Roger $960,000
Previous Owner Labson Rodrigo N $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $1,900,000 -2.6% $1,102 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $1,950,000 -- $1,131 / 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 $23,884 $2,143,541 $1,312,373 $831,168
2023 $23,884 $2,060,307 $1,261,413 $798,894
2022 $23,030 $2,019,910 $1,236,680 $783,230
2021 $23,062 $1,980,305 $1,212,432 $767,873
2020 $22,582 $1,960,000 $1,200,000 $760,000
2019 $22,342 $1,938,000 $1,122,000 $816,000
2018 $15,335 $1,316,938 $658,469 $658,469
2017 $15,224 $1,291,116 $645,558 $645,558
2016 $14,958 $1,265,800 $632,900 $632,900
2015 $14,600 $1,246,788 $623,394 $623,394
2014 $14,389 $1,222,366 $611,183 $611,183
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Erica Labson Gaddi

    Carlile Realty & Lending

  • J

    Buyer Co-Listing Agent in 2018

    Jay Burster

    Carlile Realty & Lending

  • C

    Buyer Co-Listing Agent in 2018

    Charles Arnold

    CS Arnold & Assoc. Inc.

See All Agents

Map

Source: MLSListings

MLS Number: ML81702584

MLSListings

APN: 026-222-010

California San Mateo County Burlingame 94010 Burlingame Terrace

1329 Sanchez Ave, Burlingame, CA

Not Listed for Sale

MultiFamily

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