NOT LISTED FOR SALE

Estimated Value: $2,381,000 - $3,193,694

4 Beds
3 Baths
2,519 Sq Ft
$1,051/Sq Ft Est. Value

Last Sold March 12, 2019

Last sale price $2,200,000 $873 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $16,329/month

80 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 1-Story Property
  • Franklin Elementary School Rated A
  • Washer and Dryer

About This Home

As of March 2019

Ideally located on a picturesque tree-lined street in Burlingame's classic Ray Park neighborhood is a desirable duplex on an enormous 9,450 SF +/- lot. Situated on the depth of the lot, the property's facade portrays a single family home image. Mid-century architecture abounds, and a grand courtyard greets you upon entering the front gate. The larger home at the rear portion of the lot features 3BR/2BA, formal living room with sliding glass door with courtyard access, eat-in kitchen, sizable bedrooms, and in-unit laundry. The smaller home at the front portion of the lot features 1BR/1BA, open living and dining area, wood burning fireplace, eat-in kitchen, and in-unit laundry. Convenience galore with walkability to Lunardi's/CVS shopping center, Franklin Elementary and BIS! Quick and easy access to both 280 and 101, BART, SFO and Cal-Train. Incredible opportunity for living; incredible opportunity for investing!

Last Agent to Sell the Property

Nicholas Delis

Compass License #01209680 Listed on: 10/19/2018

Compass

Last Buyer's Agent

Rica Ruiz

Compass License #01353905

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,930

Year Built

  • 1955

Lot Details

  • 9,448

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,519 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Additional Features

  • 9,448 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $78,000

Community Details

Overview

  • 2,519 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,800
  • Other Expense $3,700
  • Operating Expense $13,360
  • Gross Income $75,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,930

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2519
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Living Sq Ft: 2519
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • School District: San Mateo Union High
  • Elementary School: Franklin Elementary
  • Middle School: Burlingame Intermediate
  • High School: Burlingame High
  • High School: 615
  • Elementary School: 676
  • Middle School: 675

Lot Info

  • Lot Acres: 0.2169
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9450.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9450.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 33.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expenses Other: 3700
  • Expenses Total: 13360
  • Income Annual Gross: 75660.00
  • Income Annual Rental: 78000
  • Income Gross Scheduled: 78000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2024
Sold by
Hall Robert A and Hall Melissa B
Bought by
Rob And Missy Hall Family Trust and Hall
Current Estimated Value
$2,648,674

Purchase Details

Closed on
Aug 16, 2023
Sold by
Adam And Michelle Darbonne 2021 Trust and Darbonne 2013 Trust
Bought by
Hall Robert A and Hall Melissa B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,071,808
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2021
Sold by
Darbonne Adam C and Darbonne Michelle C
Bought by
Darbonne Adam C and Darbonne Michelle C

Purchase Details

Closed on
Feb 2, 2021
Sold by
Darbonne Walter C and Darbonne Lois L
Bought by
Darbonne Walter C and Darbonne Lois L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2018
Closed on
Mar 8, 2019
Sold by
Kanzaki Julie A
Bought by
Darbonne Adam C and Darbonne Michelle C
Seller's Agent
Nicholas Delis
Compass
Buyer's Agent
Rica Ruiz
Compass
List Price
$2,598,000
Sold Price
$2,200,000
Premium/Discount to List
-$398,000
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%
Original Mortgage
$1,200,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2003
Sold by
Kanzaki Julie A and Britton Julie A
Bought by
Kanzaki Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2000
Sold by
Kanzaki Kenneth Kenji
Bought by
Britton Julie A

Purchase Details

Closed on
Dec 15, 1993
Sold by
Britton Patricia A
Bought by
Britton Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
7.09%
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
Rob And Missy Hall Family Trust -- None Listed On Document
Hall Robert A $2,450,000 Lawyers Title Company
Darbonne Adam C -- None Available
Darbonne Walter C -- Amrock Llc
Darbonne Walter C -- Amrock Llc
Darbonne Adam C $2,200,000 First American Title Company
Kanzaki Julie A -- North American Title Company
Britton Julie A -- --
Britton Julie A -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hall Robert A $1,071,808
Previous Owner Hall Robert A $1,300,218
Previous Owner Darbonne Walter C $1,053,000
Previous Owner Darbonne Adam C $1,200,000
Previous Owner Kanzaki Julie A $220,000
Previous Owner Britton Julie A $219,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2019 03/12/19 Sold $2,200,000 -15.3% $873 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
10/19/2018 10/19/18 For Sale $2,598,000 -- $1,031 / 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 $27,930 $2,499,000 $1,989,000 $510,000
2023 $27,930 $2,358,842 $964,981 $1,393,861
2022 $26,535 $2,312,591 $946,060 $1,366,531
2021 $26,571 $2,267,247 $927,510 $1,339,737
2020 $26,017 $2,244,000 $918,000 $1,326,000
2019 $8,073 $660,896 $332,645 $328,251
2018 $7,922 $647,938 $326,123 $321,815
2017 $7,862 $635,234 $319,729 $315,505
2016 $7,576 $622,779 $313,460 $309,319
2015 $7,540 $613,425 $308,752 $304,673
2014 $7,432 $601,409 $302,704 $298,705
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81728358

MLSListings

APN: 025-141-050