NOT LISTED FOR SALE

1440 Drake Ave Burlingame, CA 94010

Easton Addition Neighborhood

Estimated Value: $4,289,000 - $4,514,000

5 Beds
4 Baths
2,932 Sq Ft
$1,492/Sq Ft Est. Value

Last Sold June 18, 2015

Last sale price $3,025,000 $1,032 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $27,584/month

38 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • 2 Fireplaces
  • Lincoln Elementary School Rated A
  • Hydromassage or Jetted Bathtub
  • High Ceiling

About This Home

As of June 2015

This gorgeous Easton Addition home boasts an inviting front porch, 5 large beds, 4 baths, living room, formal dining room and open eat-in kitchen with family room and wet bar perfect for entertaining, hardwood floors, custom millwork, high-coffered ceilings, central hallway, sweeping staircase, modern open floor plan and lots of natural light. A veranda off the kitchen and landscaped backyard rounds out this home. Great schools, great location!

Last Agent to Sell the Property

Timothy Gilmartin

Gilmartin Group License #00841354 Listed on: 05/01/2015

Last Buyer's Agent

Patty Dwyer Group

Coldwell Banker Realty License #70010007

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,205

Year Built

  • Built in 2006

Lot Details

  • Wood Fence
  • Lot Sloped Down
  • Sprinklers on Timer
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,932 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • 2 Fireplaces
  • Gas Fireplace
  • Formal Dining Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Outside Bathroom Access
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 026-042-110

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,205

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman
  • Age: 9
  • Listing Class: Residential
  • Structure Sq Ft: 2932
  • Year Built: 2006
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Island, Oven - Electric, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 2932
  • Stories: 2
  • Flooring: Hardwood, Tile
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Outside Access, Shower and Tub, Stall Shower, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, BBQ Area, Sprinklers - Auto
  • Fencing: Fenced Back, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Wet Bar

Schools

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

Lot Info

  • Lot Description: Grade - Sloped Down
  • Parcel Number: 026-042-110
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: San Mateo Union High
  • High School Text: Burlingame High
  • Middle School Text: Burlingame Intermediate

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Jun 15, 2015
Sold by
Sini Pierluigi
Bought by
Moorthy Arjun and Venugopal Chitra
Seller's Agent
Timothy Gilmartin
Gilmartin Group
Buyer's Agent
Patty Dwyer Group
Coldwell Banker Realty
List Price
$2,680,000
Sold Price
$3,025,000
Premium/Discount to List
$345,000
12.87%
Current Estimated Value
$4,375,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,350,351
Avg. Annual Appreciation
3.76%

Purchase Details

Closed on
Oct 30, 2011
Sold by
Sini Pierluigi
Bought by
Sini Pierluigi

Purchase Details

Closed on
Apr 12, 2007
Sold by
Leung Tony and Leung Edith
Bought by
Sini Pierluigi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2005
Sold by
Leung Edith
Bought by
Leung Tony and Leung Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,000
Interest Rate
1.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2004
Sold by
Taddeo Barbara
Bought by
Leung Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,450
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
Leung Tony
Bought by
Leung Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,450
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1998
Sold by
Mineke John C
Bought by
Mineke John C and The Mineke Family 1998 Exemption Trust

Purchase Details

Closed on
May 1, 1998
Sold by
Mineke John C and Mineke Lillian M
Bought by
Mineke John C and Mineke Lillian M
Source: Public Records

Range of Values:

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Average Value
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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
Moorthy Arjun $3,025,000 North American Title Co Inc
Sini Pierluigi -- None Available
Sini Pierluigi $2,225,000 Fidelity National Title Co
Leung Tony -- Alliance Title
Leung Edith $1,043,500 Commonwealth Land Title Co
Leung Edith -- Commonwealth Land Title Co
Mineke John C -- --
Mineke John C -- --
Mineke John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sini Pierluigi $1,370,000
Previous Owner Sini Pierluigi $1,400,000
Previous Owner Leung Edith $250,000
Previous Owner Leung Tony $980,000
Previous Owner Leung Tony $300,000
Previous Owner Leung Tony $1,000,000
Previous Owner Leung Tony $726,000
Previous Owner Leung Tony $731,000
Previous Owner Leung Edith $730,450
Previous Owner Morehead Sharon $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2015 06/18/15 Sold $3,025,000 +12.9% $1,032 / Sq Ft
06/08/2015 06/08/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $2,680,000 0.0% $914 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $2,680,000 -- $914 / 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 $40,205 $3,708,302 $1,854,151 $1,854,151
2023 $40,205 $3,494,418 $1,747,209 $1,747,209
2022 $38,764 $3,425,900 $1,712,950 $1,712,950
2021 $38,822 $3,358,726 $1,679,363 $1,679,363
2020 $38,014 $3,324,288 $1,662,144 $1,662,144
2019 $37,159 $3,259,106 $1,629,553 $1,629,553
2018 $36,446 $3,195,202 $1,597,601 $1,597,601
2017 $36,179 $3,132,552 $1,566,276 $1,566,276
2016 $34,849 $3,071,130 $1,535,565 $1,535,565
2015 $28,513 $2,480,366 $1,240,183 $1,240,183
2014 $28,096 $2,431,780 $1,215,890 $1,215,890
Source: Public Records

Agents Affiliated with this Home

  • Timothy Gilmartin

    Seller's Agent in 2015

    Timothy Gilmartin

    Gilmartin Group

    (408) 348-5013

    1 in this area

    22 Total Sales

    Timothy Gilmartin
    Section Image

  • P

    Buyer's Agent in 2015

    Patty Dwyer Group

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81462929

MLSListings

APN: 026-042-110

California San Mateo County Burlingame 94010 Easton Addition

1440 Drake Ave, Burlingame, CA

This home is located at 1440 Drake Ave, Burlingame, CA 94010 since 01 May 2015 and is currently estimated at $4,375,351, approximately $1,492 per square foot. This property was built in 2006. 1440 Drake Ave is a home located in San Mateo County with nearby schools including Lincoln Elementary School, Burlingame Intermediate School, and Burlingame High School.

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