NOT LISTED FOR SALE

1515 Ray Dr Burlingame, CA 94010

Ray Park Neighborhood

Estimated Value: $2,593,000 - $2,915,000

3 Beds
2.5 Baths
1,877 Sq Ft
$1,459/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $2,005,000 $1,068 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $17,133/month

28 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Forced Air Heating and Cooling System
  • Lincoln Elementary School Rated A
  • Breakfast Area or Nook
  • 3-minute walk to Ray Park

About This Home

As of August 2018

Updated classic ranch style home in highly desirable "Ray Park" neighborhood in west side Burlingame. Walking distance to highly rated Lincoln Elementary School, Burlingame Intermediate School & private parochial schools Our Lady of Angels K-8 & Mercy High School. Large living room, family room kitchen with nook and work station, recessed L.E.D. lighting on dimmers, granite counters, beautiful wood cabinetry, stainless appliances including 5-burner gas range. Beautiful hardwood floors throughout. Newer double-pane windows and slider. One master suite with its own bath and 2 spacious additional bedrooms with guest bath. 3rd bedroom that was expanded is extra-large and may be used as separate family room as well. Home has air conditioning, crown moldings, raised baseboards and security alarm system. 2-car garage has added 1/2 bathroom. A hard to find home in a great location & in move-in condition with many tasteful updates.

Last Agent to Sell the Property

Vincent C. Scherba

Vincent C. Scherba Real Estate License #01271894 Listed on: 06/14/2018

Last Buyer's Agent

Cynthia Sanchez-Singh

KW Bay Area Estates License #01940709

KW Bay Area Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,870

Year Built

  • Built in 1957

Lot Details

  • 5,502 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R10006

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,877 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Alarm System
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number 025-228-260

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,870

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 61
  • Listing Class: Residential
  • Structure Sq Ft: 1877
  • Incorporated: Yes
  • Year Built: 1957
  • Zoning Description: R10006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook, Eat in Kitchen
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Built-In, Oven - Self Cleaning, Refrigerator
  • Living Sq Ft: 1877
  • Stories: 1
  • Security: Security Alarm
  • Laundry: In Garage
  • Flooring: Hardwood, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Foundation Pillars
  • Roof: Composition
  • Fencing: Fenced Back

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Community Sewer / Septic

Schools

  • School District: San Mateo Union High
  • Elementary School: Lincoln Elementary
  • Middle School: Burlingame Intermediate
  • High School: Burlingame High
  • High School: 615
  • Elementary School: 677
  • Middle School: 675

Lot Info

  • Parcel Number: 025-228-260
  • 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

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2018
Closed on
Aug 9, 2018
Sold by
Mainonchi Michael J and Mainonchi Diana E
Bought by
Bafna Nitin N and Gupta Abha
Seller's Agent
Vincent C. Scherba
Vincent C. Scherba Real Estate
Buyer's Agent
Cynthia Sanchez-Singh
KW Bay Area Estates
List Price
$1,950,000
Sold Price
$2,005,000
Premium/Discount to List
$55,000
2.82%
Current Estimated Value
$2,750,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,478
Avg. Annual Appreciation
4.64%
Original Mortgage
$1,604,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 14, 2012
Sold by
Maionchi Michael and Maionchi Diana
Bought by
Maionchi Michael J and Maionchi Diana E

Purchase Details

Closed on
Nov 12, 1996
Sold by
Pollastrini Aldo L and Pollastrini P M
Bought by
Maionchi Michael and Maionchi Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
8.06%

Purchase Details

Closed on
Dec 30, 1994
Sold by
Pollastrini Aldo L and Pollastrini Pauline M
Bought by
Pollastrini Ronald L and Pollastrini Marguerite J
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
Bafna Nitin N $2,005,000 Old Republic Title Co
Maionchi Michael J -- None Available
Maionchi Michael $425,000 Old Republic Title Company
Pollastrini Ronald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bafna Nitin N $1,634,846
Closed Bafn Nitin N $1,569,000
Closed Bafna Nitin N $1,600,000
Closed Bafna Nitin N $1,604,000
Previous Owner Maionchi Michael J $550,000
Previous Owner Maionchi Michael J $330,000
Previous Owner Maionchi Michael $250,000
Previous Owner Maionchi Michael Joseph $203,000
Previous Owner Maionchi Michael $346,000
Previous Owner Maionchi Michael J $15,000
Previous Owner Maionchi Michael $330,000
Previous Owner Maionchi Michael $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $2,005,000 +2.8% $1,068 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $1,950,000 -- $1,039 / 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 $24,870 $2,236,610 $1,784,828 $451,782
2023 $24,870 $2,149,762 $1,715,522 $434,240
2022 $23,981 $2,107,611 $1,681,885 $425,726
2021 $24,016 $2,066,286 $1,648,907 $417,379
2020 $23,516 $2,045,100 $1,632,000 $413,100
2019 $22,990 $2,005,000 $1,600,000 $405,000
2018 $7,309 $608,332 $304,166 $304,166
2017 $7,255 $596,404 $298,202 $298,202
2016 $6,989 $584,710 $292,355 $292,355
2015 $6,957 $575,928 $287,964 $287,964
2014 $6,858 $564,648 $282,324 $282,324
Source: Public Records

Agents Affiliated with this Home

  • Vincent C. Scherba

    Seller's Agent in 2018

    Vincent C. Scherba

    Vincent C. Scherba Real Estate

    (650) 224-0271

    6 Total Sales

    Section Image

  • C

    Buyer's Agent in 2018

    Cynthia Sanchez-Singh

    KW Bay Area Estates

    Section Image
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Map

Source: MLSListings

MLS Number: ML81710215

MLSListings

APN: 025-228-260

California San Mateo County Burlingame 94010 Ray Park

1515 Ray Dr, Burlingame, CA

This home is located at 1515 Ray Dr, Burlingame, CA 94010 since 14 June 2018 and is currently estimated at $2,739,274, approximately $1,459 per square foot. This property was built in 1957. 1515 Ray Dr 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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