NOT LISTED FOR SALE

311 Rollins Rd Burlingame, CA 94010

Oak Grove Manor Neighborhood

Estimated Value: $1,254,000 - $2,503,923

4 Beds
2 Baths
1,597 Sq Ft
$1,051/Sq Ft Est. Value

Sale Details

Date 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 $10,197 / mo

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

5,502 Sq Ft Lot

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
$1,678,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,731
Avg. Annual Appreciation
9.53%
Original Mortgage
$822,250
Outstanding Balance
$799,606
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Estimated Equity
$879,125

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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

    14 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

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