2500 Summit Dr Hillsborough, CA 94010
Burlingame Hills Neighborhood
5
Beds
4
Baths
4,960
Sq Ft
0.56
Acres
Highlights
- Ocean View
- In Ground Pool
- Fireplace in Primary Bedroom
- North Hillsborough School Rated A
- 0.56 Acre Lot
- Vaulted Ceiling
About This Home
As of September 2024Every once in a while, a true opportunity presents itself...This Mediterranean masterpiece, feat. rare & spectacular Bridge to Bridge Views, the San Francisco Skyline, Bay Bridge, East Bay Hills, San Francisco Bay, San Mateo Bridge and more at your fingertips! Offering a pristine parcel of land, situated close to downtown, schools, parks, transportation. Here are just some of the attributes to contemplate...Lower Level: Grand Formal entry w/ high ceilings & marble floors, Commanding Living Room w/ Bay Views, full bar & fireplace, Informal Family Room with fireplace, Bay Views and convenient access to the back yard, Spacious Dining room with immediate proximity to the Kitchen, Gourmet Kitchen featuring top quality appliances, natural stone countertops, heated flooring, eat-in area & back yard access, 2 Ground floor suites each w/ spacious bedrooms, hardwood floors & updated bathrooms, Full Laundry facility conveniently located off the Kitchen area. Upper Level: 3 more spacious bedrooms, Expansive Primary Bedroom Suite feat. commanding Bay Views, vaulted ceilings, fireplace, office respite, updated primary bathroom. Outside: Sublime Back yard feat. swimming pool, spa, built-in BBQ/kitchenette, putting green, lawn & entertaining patio, outdoor fireplace & mouth dropping Bay Views!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $51,687
Year Built
- Built in 1949
Lot Details
- 0.56 Acre Lot
- Back and Front Yard Fenced
- Sprinklers on Timer
- Zoning described as R10025
Parking
- 4 Car Garage
- Tandem Parking
- Garage Door Opener
- Electric Gate
- Off-Street Parking
Property Views
- Ocean
- Bay
- Bridge
- City Lights
- Mountain
- Hills
- Neighborhood
Home Design
- Mediterranean Architecture
- Tile Roof
- Rolled or Hot Mop Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,960 Sq Ft Home
- 1-Story Property
- Wet Bar
- Vaulted Ceiling
- Fireplace With Gas Starter
- Double Pane Windows
- Formal Entry
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Formal Dining Room
- Alarm System
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Built-In Double Oven
- Electric Oven
- Gas Cooktop
- Freezer
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Radiant Floor
- Marble
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
- Remodeled Bathroom
- Bathroom on Main Level
- 4 Full Bathrooms
- Dual Sinks
- Bathtub Includes Tile Surround
- Walk-in Shower
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Balcony
- Outdoor Fireplace
- Outdoor Kitchen
- Fire Pit
- Shed
- Barbecue Area
Utilities
- Forced Air Zoned Heating System
- Vented Exhaust Fan
- Thermostat
Listing and Financial Details
- Assessor Parcel Number 027-311-150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2024
Closed on
Aug 29, 2024
Sold by
Conte Michael S and Conte Kathleen M
Bought by
Joe Matthew W and Kir Michelle
Seller's Agent
Gregory Terry
Compass
Buyer's Agent
Bradley Joe
City Real Estate
List Price
$6,495,000
Sold Price
$5,650,600
Premium/Discount to List
-$844,400
-13%
Views
76
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,107
Avg. Annual Appreciation
4.75%
Purchase Details
Closed on
Jul 30, 2008
Sold by
Cheng Penny Hsiao Ying and Cheng Fu Len
Bought by
Conte Michael S and Conte Kathleen M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 16, 2003
Sold by
Cheng Penny Hsiao Ying and Cheng Fu Len
Bought by
Cheng Fu Len and Cheng Penny Hsiao Ying
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,651,000 | First American Title | |
| Grant Deed | $3,250,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,861,617 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $2,665,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $2,481,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $2,600,000 | New Conventional | |
| Previous Owner | $2,600,000 | Unknown | |
| Previous Owner | $2,600,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $1,470,000 | Unknown | |
| Previous Owner | $1,500,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $1,500,000 | Unknown | |
| Previous Owner | $1,450,000 | Unknown | |
| Previous Owner | $1,449,500 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2024 09/04/24 | Sold | $5,650,600 | -13.0% | $1,139 / Sq Ft |
| 08/12/2024 08/12/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | For Sale | $6,495,000 | -- | $1,309 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $51,687 | $4,185,223 | $2,910,344 | $1,274,879 |
| 2023 | $51,687 | $4,022,708 | $2,797,333 | $1,225,375 |
| 2022 | $48,776 | $3,943,833 | $2,742,484 | $1,201,349 |
| 2021 | $47,766 | $3,866,504 | $2,688,710 | $1,177,794 |
| 2020 | $46,932 | $3,826,859 | $2,661,141 | $1,165,718 |
| 2019 | $45,850 | $3,751,823 | $2,608,962 | $1,142,861 |
| 2018 | $44,497 | $3,678,258 | $2,557,806 | $1,120,452 |
| 2017 | $43,761 | $3,606,136 | $2,507,653 | $1,098,483 |
| 2016 | $42,627 | $3,535,429 | $2,458,484 | $1,076,945 |
| 2015 | $42,009 | $3,482,325 | $2,421,556 | $1,060,769 |
| 2014 | $40,935 | $3,414,112 | $2,374,122 | $1,039,990 |
Source: Public Records
Agents Affiliated with this Home
-
Gregory Terry
Seller's Agent in 2024
Gregory Terry
Compass
(650) 375-1111
1 in this area
52 Total Sales
-
Bradley Joe
Buyer's Agent in 2024
Bradley Joe
City Real Estate
(415) 269-8190
1 in this area
85 Total Sales
Map
Source: MLSListings
MLS Number: ML81964668
APN: 027-311-150
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