NOT LISTED FOR SALE

1644 Albemarle Way Burlingame, CA 94010

Ray Park Neighborhood

Estimated Value: $2,212,000 - $3,036,403

4 Beds
3 Baths
2,178 Sq Ft
$1,137/Sq Ft Est. Value

Last Sold May 18, 2021

Last sale price $2,000,000 $918 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,147/month

5 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • 2 Car Detached Garage
  • Lincoln Elementary School Rated A
  • Balcony
  • Forced Air Heating System

About This Home

As of May 2021

Fantastic duplex opportunity on one of Burlingame's most sought after neighborhoods...Ray Park. 1644 Albemarle is: 2 spacious bedrooms, 2 full bathrooms, remodeled extensively with a gourmet kitchen w/ granite counters and quality stainless steel appliances, huge living room with fireplace, spacious dining area adjacent to the kitchen and living room areas, one car garage with laundry area, private front patio area with driveway entrance, and shared common area courtyard. 1646 Albemarle is: 2 spacious bedrooms, 1 full bathroom with stall shower and tub, remodeled extensively with gourmet kitchen w/ composite countertops and quality stainless steel appliances, huge living room with fireplace and access to the private back yard, spacious dining area adjacent to the kitchen and living rooms, internal laundry room conveniently located off the kitchen, one car garage with storage space above, private back yard and shared common area courtyard

Last Agent to Sell the Property

Gregory Terry

Compass License #00957651 Listed on: 03/27/2021

Compass

Last Buyer's Agent

Gregory Terry

Compass License #00957651 Listed on: 03/27/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,183

Year Built

  • 1951

Lot Details

  • 7,440 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,178 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $81,000

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 2 Leased Units
  • Operating Expense $21,070
  • Gross Income $81,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,183

Year Built

1951

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 70
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2178
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Stone, Dishwasher, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2178
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Courtyard, Fenced

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Off-Street Parking, On Street

Utilities

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

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: 0.1708
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7440.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7440.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Lease(s), Less Than 1 Yr, Security Deposit
  • Gross Rent Multiplier: 24.67
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expenses Total: 21070
  • Income Annual Gross: 81000.00
  • Income Annual Rental: 81000
  • Income Gross Scheduled: 81000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Sodini Peter and Sodini Victoria
Bought by
Sodini Family Trust and Sodini
Current Estimated Value
$2,476,851

Purchase Details

Listed on
Mar 27, 2021
Closed on
Apr 24, 2021
Sold by
Daniel Thurston and Daniel Lucille Thurston
Bought by
Sodini Luca and Sodini Peter
Seller's Agent
Gregory Terry
Compass
Buyer's Agent
Gregory Terry
Compass
List Price
$1,998,000
Sold Price
$2,000,000
Premium/Discount to List
$2,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$1,500,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2013
Closed on
Sep 10, 2013
Sold by
Petersen Matthew C and Petersen Suzanne Crowley
Bought by
Thurston Lucille
Seller's Agent
Timothy Auran
Auran, Timothy
Buyer's Agent
Gregory Terry
Compass
List Price
$1,500,000
Sold Price
$1,625,000
Premium/Discount to List
$125,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.74%

Purchase Details

Closed on
Dec 15, 2009
Sold by
Petersen Jeffrey Robert and Petersen Iliana
Bought by
Petersen Matthew C and Petersen Suzanne Crowley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.02%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 21, 2004
Sold by
Petersen Robert C and Petersen Nina Mary
Bought by
Petersen Jeffrey Robert and Petersen Matthew Clark

Purchase Details

Closed on
Feb 3, 2000
Sold by
Petersen Robert C and Petersen Nina M
Bought by
Petersen Robert C and Petersen Nina Mary

Purchase Details

Closed on
Jun 12, 1998
Sold by
Old Constance and Old Lloyd J
Bought by
Petersen Robert C and Petersen Nina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,650
Interest Rate
6.93%
Mortgage Type
Unknown
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
Sodini Family Trust -- None Listed On Document
Sodini Luca $2,000,000 First American Title
Thurston Lucille $1,618,500 First American Title Company
Petersen Matthew C $522,500 First American Title Company
Petersen Jeffrey Robert -- None Available
Petersen Robert C -- --
Petersen Robert C $545,000 Old Republic Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sodini Luca $1,500,000
Previous Owner Petersen Matthew C $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $2,000,000 +0.1% $918 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $1,998,000 +23.0% $917 / Sq Ft
09/12/2013 09/12/13 Sold $1,625,000 +8.3% $746 / Sq Ft
08/29/2013 08/29/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $1,500,000 -- $689 / 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 $24,183 $2,164,863 $1,569,526 $595,337
2023 $24,183 $2,080,800 $1,508,580 $572,220
2022 $23,319 $2,040,000 $1,479,000 $561,000
2021 $21,519 $1,832,958 $916,479 $916,479
2020 $21,070 $1,814,164 $907,082 $907,082
2019 $20,604 $1,778,594 $889,297 $889,297
2018 $20,212 $1,743,720 $871,860 $871,860
2017 $20,065 $1,709,530 $854,765 $854,765
2016 $19,329 $1,676,010 $838,005 $838,005
2015 $19,243 $1,650,836 $825,418 $825,418
2014 $18,963 $1,618,500 $809,250 $809,250
Source: Public Records

Agents Affiliated with this Home

  • Gregory Terry

    Seller's Agent in 2021

    Gregory Terry

    Compass

    (650) 375-1111

    1 in this area

    49 Total Sales

    Gregory Terry
    Section Image

  • T

    Seller's Agent in 2013

    Timothy Auran

    Auran, Timothy

See All Agents

Map

Source: MLSListings

MLS Number: ML81836255

MLSListings

APN: 025-206-060

California San Mateo County Burlingame 94010 Ray Park

1644 Albemarle Way, Burlingame, CA

This home is located at 1644 Albemarle Way, Burlingame, CA 94010 since 27 March 2021 and is currently estimated at $2,476,851, approximately $1,137 per square foot. This property was built in 1951. 1644 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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