NOT LISTED FOR SALE

Estimated Value: $2,769,000 - $3,031,160

6 Beds
3 Baths
3,176 Sq Ft
$906/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2016

Last sale price $1,850,000 $582 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $17,865 / mo

18 Days on Market

Highlights

  • Balcony
  • Enclosed Parking
  • Walk-In Closet
  • McKinley Elementary School Rated A
  • 2 Car Detached Garage
  • Tile Countertops

About This Home

As of May 2016

Conveniently located between Burlingame Avenue and Broadway, near Washington Park, BHS, and Caltrain. This duplex is a great investment opportunity and has loads of potential! This property has two separate homes on a large lot. 719 Laurel-Front home boasts old world charm, 3 bedrooms, 1 bath, hardwood floors, built in cabinets, washer/dryer hookups, detached 2 car garage, and a private back yard. 721 Laurel-Back home enjoys 3 bedrooms, 2 baths, fireplace, washer/dryer hookups, 2 car garage and a private back yard. Both homes are original, have private backyards, and separate 2 car garages.

Last Agent to Sell the Property

Allegra de Peralta

RE/MAX Gold License #01925581 Listed on: 03/24/2016

RE/MAX Gold

Co-Listed By

Mike Bohnert

Coldwell Banker Realty License #01325031

Coldwell Banker Realty

Last Buyer's Agent

Mike Bohnert

Coldwell Banker Realty License #01325031

Coldwell Banker Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 2 Car Detached Garage
  • Enclosed Parking

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • Walk-In Closet
  • 3,176 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Built-In Oven
  • Gas Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $46,440

Community Details

Overview

  • 3,176 Sq Ft Building

Building Details

  • 2 Leased Units
  • Manager Expense $2,786
  • Operating Expense $5,226
  • Gross Income $45,511

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3176
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Countertop - Tile, Dishwasher, Hookups - Gas, Oven - Built-In, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3176
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Tar And Gravel
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10001.38
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10001.38

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 31.22
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Management: 2786
  • Expenses Total: 5226
  • Income Annual Gross: 45511.00
  • Income Annual Rental: 46440
  • Income Gross Scheduled: 46440
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2025
Sold by
Conti Matthew J and Conti Kathryn A
Bought by
Current Estimated Value
$2,878,720

Purchase Details

Listed on
Mar 24, 2016
Closed on
May 12, 2016
Sold by
Akinshin Nina and Markeloff Michael
Bought by
Conti Matthew J and Conti Kathryn A L
Seller's Agent
Allegra de Peralta
RE/MAX Gold
Buyer's Agent
Mike Bohnert
Coldwell Banker Realty
List Price
$1,450,000
Sold Price
$1,850,000
Premium/Discount to List
$400,000
27.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$1,480,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2014
Sold by
Markeloff Michael
Bought by
Akinshin Nina and Elizabeth Markeloff Special Needs Trust

Purchase Details

Closed on
Nov 17, 1994
Sold by
Markeloff Vladimir M S
Bought by
Markeloff Vladimir and Vladimir Markeloff 1994 Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Burlingame Gardens, CA

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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
-- None Listed On Document
Conti Matthew J $1,850,000 North American Title Co Inc
Akinshin Nina -- None Available
Markeloff Vladimir -- --
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
Previous Owner $1,480,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
05/17/2016 05/17/16 Sold $1,850,000 +27.6% $582 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $1,450,000 -- $457 / Sq Ft
Source: MLSListings

Tax 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.

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 $24,683 $2,190,021 $1,846,721 $343,300
2023 $24,683 $2,104,981 $1,775,011 $329,970
2022 $23,803 $2,063,707 $1,740,207 $323,500
2021 $23,833 $2,023,243 $1,706,086 $317,157
2020 $23,335 $2,002,498 $1,688,593 $313,905
2019 $22,741 $1,963,234 $1,655,484 $307,750
2018 $22,306 $1,924,740 $1,623,024 $301,716
2017 $22,140 $1,887,000 $1,591,200 $295,800
2016 $2,456 $162,332 $34,149 $128,183
2015 $2,440 $159,895 $33,637 $126,258
2014 $2,406 $156,764 $32,979 $123,785
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81576724

MLSListings

APN: 029-061-140

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