NOT LISTED FOR SALE

1529 Albemarle Way Burlingame, CA 94010

Ray Park Neighborhood

Estimated Value: $2,123,000 - $2,786,000

2 Beds
1.5 Baths
1,580 Sq Ft
$1,537/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $1,960,000 $1,241 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,463/month

23 Days on Market

Highlights

  • Formal Dining Room
  • Forced Air Heating System
  • Washer and Dryer
  • Lincoln Elementary School Rated A
  • Separate Family Room
  • 3-minute walk to Ray Park

About This Home

As of September 2022

Ray Park Diamond in the Rough! For the first time in 40+ years, this 2 bedroom (converted to 3 bedrooms), 1.5 bathroom single-family home is on the market. The existing 1,580 sf main home with large rear deck also has an additional 187sf unit with bath in the rear. With an abundance of light, hardwood floors, and expansive curb appeal, it is just steps to Ray Park, the top-rated Lincoln Elementary School and blocks from the state of the art Mills-Peninsula Medical Center. The quiet cul-de-sac location, abundance of parking spaces and an attached garage with attic storage, this home is situated on the quieter side of newly paved and wide Albemarle Way. Beyond close proximity to both Burlingame Ave and Millbrae's thriving downtown scene, this home is conveniently located for easy access to all of the Bay Area. Whether you envision updating the existing home, or imagine something completely different, this is a very special opportunity to become the next stewards of a true Burlingame Gem!

Last Agent to Sell the Property

Eva Chen

Compass License #02020360 Listed on: 07/13/2022

Compass

Co-Listed By

Jeff Chen

Compass License #02020235

Last Buyer's Agent

Sherman Xie

All Star Homes License #02090180

All Star Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,774

Year Built

  • 1947

Lot Details

  • 5,175

Parking

  • 1 Car Garage

Home Design

  • Bitumen Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,580 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Separate Family Room
  • Formal Dining Room
  • Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • 5,175 Sq Ft Lot
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,774

Year Built

1947

Lot Details

0

Parking

1

Listing Details

  • Zoning: R10006
  • Subclass: Single Family Home
  • Age: 75
  • Listing Class: Residential
  • Structure Sq Ft: 1580
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1947

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Living Sq Ft: 1580
  • Stories: 1
  • Laundry: Washer / Dryer
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Bitumen

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage

Utilities

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

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

  • Lot Acres: 0.1188
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5175.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5175.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Aug 31, 2022
Sold by
Menicucci Allen T
Bought by
Choi Chung S and Guan-Choi Emily Y
Seller's Agent
Eva Chen
Compass
Buyer's Agent
Sherman Xie
All Star Homes
List Price
$2,444,000
Sold Price
$1,960,000
Premium/Discount to List
-$484,000
-19.8%
Current Estimated Value
$2,428,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,050
Avg. Annual Appreciation
8.76%
Original Mortgage
$1,568,000
Outstanding Balance
$1,490,322
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$986,890

Purchase Details

Closed on
Jul 20, 2019
Sold by
Menicucci Allen T and Allen T Menicucci Trust
Bought by
Menicucci Allen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 16, 2019
Sold by
Menicucci Allen T
Bought by
Allen T Menicucci Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2017
Sold by
Menicucci Ann Mary and Menicucci Allen
Bought by
Menicucci Allen

Purchase Details

Closed on
Feb 13, 2007
Sold by
Menicucci Allen T
Bought by
Menicucci Allen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2007
Sold by
Menicucci Allen T
Bought by
Menicucci Allen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2003
Sold by
Menicucci Allen T
Bought by
Menicucci Allen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2002
Sold by
Menicucci Allen T
Bought by
Menicucci Allen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.87%

Purchase Details

Closed on
Oct 8, 2002
Sold by
Menicucci Allen T
Bought by
Menicucci Allen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.87%
Source: Public Records

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Range of Values:

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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
Choi Chung S $1,960,000 First American Title
Menicucci Allen T -- None Available
Allen T Menicucci Trust -- Chicago Title Company
Menicucci Allen T -- Chicago Title Company
Menicucci Allen -- None Available
Menicucci Allen T -- None Available
Menicucci Allen T -- First American Title Company
Menicucci Allen T -- First American Title Company
Menicucci Allen T -- First American Title Company
Menicucci Allen T -- First American Title Company
Menicucci Allen T -- North American Title Co
Menicucci Allen T -- North American Title Co
Menicucci Allen T -- --
Menicucci Allen T -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Chung S $1,568,000
Previous Owner Menicucci Allen T $822,375
Previous Owner Menicucci Allen T $685,000
Previous Owner Menicucci Allen T $50,000
Previous Owner Menicucci Allen T $626,000
Previous Owner Menicucci Allen T $350,000
Previous Owner Menicucci Allen T $637,000
Previous Owner Menicucci Allen T $350,000
Previous Owner Menicucci Allen T $445,000
Previous Owner Menicucci Allen T $300,000
Previous Owner Menicucci Allen T $200,000
Previous Owner Menicucci Allen T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $1,960,000 +3.3% $1,241 / Sq Ft
08/06/2022 08/06/22 Pending -- -- --
07/26/2022 07/26/22 Price Changed $1,898,000 -22.3% $1,201 / Sq Ft
07/13/2022 07/13/22 For Sale $2,444,000 -- $1,547 / 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
2023 $22,774 $1,960,000 $1,750,000 $210,000
2022 $1,647 $137,471 $41,550 $95,921
2021 $1,644 $134,777 $40,736 $94,041
2020 $1,607 $133,396 $40,319 $93,077
2019 $1,573 $130,781 $39,529 $91,252
2018 $1,541 $128,217 $38,754 $89,463
2017 $1,526 $125,704 $37,995 $87,709
2016 $1,460 $123,240 $37,250 $85,990
2015 $1,451 $121,390 $36,691 $84,699
2014 $1,427 $119,013 $35,973 $83,040
Source: Public Records

Agents Affiliated with this Home

  • Eva Chen

    Seller's Agent in 2022

    Eva Chen

    Compass

    (415) 971-5171

    1 in this area

    81 Total Sales

    Eva Chen
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jeff Chen

    Compass

  • Sherman Xie

    Buyer's Agent in 2022

    Sherman Xie

    All Star Homes

    (415) 695-7707

    1 in this area

    26 Total Sales

    Sherman Xie
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81900092

MLSListings

APN: 025-228-350

California San Mateo County Burlingame 94010 Ray Park

1529 Albemarle Way, Burlingame, CA

This home is located at 1529 Albemarle Way, Burlingame, CA 94010 since 13 July 2022 and is currently estimated at $2,428,050, approximately $1,536 per square foot. This property was built in 1947. 1529 Albemarle Way 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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