NOT LISTED FOR SALE

Burlingame, CA 94010

Burlingame Terrace Neighborhood

Estimated Value: $1,832,000 - $3,604,335

4 Beds
2 Baths
2,480 Sq Ft
$1,024/Sq Ft Est. Value

Last Sold March 10, 2015

Last sale price $1,675,000 $675 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $15,200/month

14 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Wood Flooring
  • Tile Countertops
  • McKinley Elementary School Rated A
  • 2 Car Attached Garage
  • 4-minute walk to Paloma Playground

About This Home

As of March 2015

FIRST TIME ON THE MARKET SINCE 1952! R3 ZONED LOT ONE UNIT IS OWNER OCCUPIED AND THE OTHER IS A RENTAL ON A MONTH TO MONTH. THE RENT IS BELOW MARKET. BOTH UNITS ARE ORIGINAL, THE FRONT UNIT NEEDS WORK, BOTH UNITS HAVE HARDWOOD FLOORS, EAT IN KITCHEN AND DINING AREA. RENOVATE OR BUILD MULTI UNITS. FABULOUS LOCATION NEAR SHOPs & TRANS. One Washer & dryer, refrigerator, two dining chandeliers, & iron gates in driveway are excluded from the purchase.

Last Agent to Sell the Property

Sally Navarro

A.V.R. Realty, Inc. License #01003888 Listed on: 02/04/2015

Last Buyer's Agent

Sally Navarro

A.V.R. Realty, Inc. License #01003888 Listed on: 02/04/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,592

Year Built

  • 1952

Lot Details

  • 5,750

Parking

  • 2 Car Attached Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Arts and Crafts Architecture
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,480 Sq Ft Home
  • 1-Story Property
  • Tile Countertops
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $31,200

Community Details

Overview

  • 2,480 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,200
  • Manager Expense $156
  • Operating Expense $1,356
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,592

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Style: Arts And Crafts
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2480
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Countertop - Tile
  • Living Sq Ft: 2480
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage
  • Carport Min: 1

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 53.69
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Management: 156
  • Expenses Total: 1356
  • Income Annual Gross: 15600.00
  • Income Annual Rental: 31200
  • Income Gross Scheduled: 31200
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2015
Closed on
Mar 4, 2015
Sold by
Carlin Marlena G and Hawkins Belinda V
Bought by
Wu Wei Wei
Seller's Agent
Sally Navarro
A.V.R. Realty, Inc.
Buyer's Agent
Sally Navarro
A.V.R. Realty, Inc.
List Price
$1,675,000
Sold Price
$1,675,000
Current Estimated Value
$2,539,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$864,084
Avg. Annual Appreciation
3.99%
Source: Public Records

Range of Values:

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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
Wu Wei Wei $1,675,000 Old Republic Title Company
Wu Wei Wei -- Old Republic Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2015 03/10/15 Sold $1,675,000 0.0% $675 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
02/04/2015 02/04/15 For Sale $1,675,000 -- $675 / 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 $22,592 $2,013,088 $1,006,544 $1,006,544
2023 $22,592 $1,934,918 $967,459 $967,459
2022 $21,788 $1,896,980 $948,490 $948,490
2021 $21,818 $1,859,786 $929,893 $929,893
2020 $21,364 $1,840,718 $920,359 $920,359
2019 $20,890 $1,804,626 $902,313 $902,313
2018 $20,493 $1,769,242 $884,621 $884,621
2017 $20,343 $1,734,552 $867,276 $867,276
2016 $19,777 $1,700,542 $850,271 $850,271
2015 $2,950 $223,250 $72,246 $151,004
2014 $2,989 $218,878 $70,831 $148,047
Source: Public Records

Agents Affiliated with this Home

  • Sally Navarro

    Seller's Agent in 2015

    Sally Navarro

    A.V.R. Realty, Inc.

    (650) 342-2073

    1 in this area

    7 Total Sales

    Sally Navarro
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Source: MLSListings

MLS Number: ML81449407

MLSListings

APN: 026-201-090

California San Mateo County Burlingame 94010

Burlingame Terrace

This home since 04 February 2015 and is currently estimated at $2,539,084, approximately $1,023 per square foot. This property was built in 1952. This home is a home located in San Mateo County with nearby schools including McKinley Elementary School, Burlingame Intermediate School, and Burlingame High School.

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