NOT LISTED FOR SALE

311 Rollins Rd Burlingame, CA 94010

Oak Grove Manor Neighborhood

Estimated Value: $1,371,000 - $2,238,245

4 Beds
2 Baths
1,597 Sq Ft
$1,052/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $1,265,000 $792 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $10,043/month

20 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • 1-Story Property
  • Washington Elementary School Rated A

About This Home

As of April 2023

Incredible opportunity near downtown Burlingame! You can live in one unit and rent the other. Each unit has 2 beds/1 bath. The cozy front yard is ideal for relaxing, welcoming sunlight all day. Rent on unit 2 is just an estimate. Easy access to freeway 101 and more conveniences in downtown Burlingame.

Last Agent to Sell the Property

Thao Ha

HL Realty Express License #01726458 Listed on: 03/09/2023

Last Buyer's Agent

Doosik Lee

Kuiper Real Estate Team Corp License #01838306

Property Details

Home Type

  • Multi-Family

Year Built

  • 1944

Lot Details

  • 5,502

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,597 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space

Additional Features

  • 5,502 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $63,096

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,200
  • Operating Expense $6,903
  • Gross Income $50,477

Property Details

Home Type

Multi-Family

Year Built

1944

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1597
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1944

Interior Features

  • Living Sq Ft: 1597
  • Stories: 1
  • Flooring: Hardwood

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • 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

Rental Info

  • Gross Rent Multiplier: 20.84
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 6903
  • Income Annual Gross: 50477.00
  • Income Annual Rental: 63096
  • Income Gross Scheduled: 63096
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Depreciation, Fee - Property Tax, Insurance, Maintenance - Repair
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Apr 11, 2023
Sold by
Milburn Maile
Bought by
Lau Tony W and Yang Hua
Seller's Agent
Thao Ha
HL Realty Express
Buyer's Agent
Doosik Lee
Kuiper Real Estate Team Corp
List Price
$1,315,000
Sold Price
$1,265,000
Premium/Discount to List
-$50,000
-3.8%
Views
70
Current Estimated Value
$1,679,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,311
Avg. Annual Appreciation
10.98%
Original Mortgage
$822,250
Outstanding Balance
$799,606
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Estimated Equity
$879,705

Purchase Details

Closed on
Jul 28, 1999
Sold by
Wedertz Margaret F Trust and Jan K
Bought by
Milburn Maile

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lau Tony W $1,265,000 Old Republic Title
Milburn Maile $320,000 Old Republic Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Tony W $822,250
Previous Owner Milburn Maile $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2023 04/14/23 Sold $1,265,000 -3.8% $792 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $1,315,000 -- $823 / 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 $14,930 $1,316,106 $936,360 $379,746
2023 $14,930 $472,716 $236,358 $236,358
2022 $5,703 $463,448 $231,724 $231,724
2021 $5,706 $454,362 $227,181 $227,181
2020 $5,590 $449,704 $224,852 $224,852
2019 $5,474 $440,888 $220,444 $220,444
2018 $5,374 $432,244 $216,122 $216,122
2017 $5,334 $423,770 $211,885 $211,885
2016 $5,140 $415,462 $207,731 $207,731
2015 $5,116 $409,222 $204,611 $204,611
2014 $5,044 $401,206 $200,603 $200,603
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Thao Ha

    HL Realty Express

    (408) 251-7380

    1 in this area

    29 Total Sales

    Thao Ha
    Section Image

  • D

    Buyer's Agent in 2023

    Doosik Lee

    Kuiper Real Estate Team Corp

    (650) 636-3133

    1 in this area

    15 Total Sales

    Doosik Lee
    Section Image
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Map

Source: MLSListings

MLS Number: ML81921051

MLSListings

APN: 029-194-060

California San Mateo County Burlingame 94010 Oak Grove Manor

311 Rollins Rd, Burlingame, CA

Not Listed for Sale

MultiFamily

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