2505 Valdivia Way in Burlingame has so much to offer. Hardwood floors extend throughout the house .The entire living space of 2070 sqft is on the main level. Doors from the eat- in kitchen lead to the beautiful deck, overlooking the yard and sparkling pool. What this house needs are cosmetic up-grades but it has great bones. Walking distance to Franklin Elementary School and BIS.

3bedrooms/3bath/lot size 10,125 sqft listed by Chuck Cochran/Coldwell Banker 650.685.7650 for $ 1,490,000
Open House Saturday, July 31 and Sunday, August 1 from 1-4PM

711 Vernon Way in Burlingame had 11 offers. Listed for $ 1,398,000 by Lorelei Keim, Coldwell Banker 650.558.6889. The 4 bedroom/3.5bath home has some tasteful up-grades and an open floorplan that appeals to a lot of buyers. Located on one of my favorites streets. Close to Washington Park and in walking distance to Burlingame Avenue. Escrow is scheduled to close on August 25th.

My favorite house on broker’s tour yesterday was a lovely up-dated home in the Easton Addition in Burlingame.

1328 Columbus Ave in Burlingame where traditional meets contemporary, is a must see if you are looking for some modern touches but don’t won’t to give up the charm of a traditional home.This 4 bedroom/3bath house with 2450sqft of living space is priced attractively for $ 1,659,000. Listed by Alisa Ruiz-Johnson/Cashin 650.740.3218

The city of Burlingame will be directly affected by the High Speed Rail plans. The project which was approved by voters in 2008,  will have significant impacts on Peninsula communities. The High Speed Rail service construction is scheduled to begin in 2010 and will connect San Francisco and Los Angeles. Tracks will run along the Peninsula Corridor. Burlingame residents love their train station which was built at the end of the nineteenth century and recently received a face lift. How will our station look with an elevated track behind it?The city of Burlingame has asked for an underground solution. But less expensive plans call for an elevated track and sound walls. Burlingame residents are concerned. The High Speed Rail tracks will affect the value of Burlingame Real Estate in general, not just Burlingame neighborhoods close to the tracks.
Next Public High Speed Rail Meeting 5/12/2010 @ 6PM, Burlingame Recreation Center, 850 Burlingame Ave
More information about this subject:
City of Burlingame www.burlingame.org
California High Speed Rail Authority www.cahighspeedrail.ca.gov/

There used to be a 4 bedroom/2bath home here with 1850sqft of living space that was built in the twenties. It was sold in July 2009 for lot value of $ 995,000. Located at 1441 Balboa Ave in Burlingame  this is just one example of how our neighborhoods are changing. Other construction sites that I have noticed just walking around the Easton Addition in Burlingame are located on these streets: 1100 block of Cortez Ave, 1400 block of Benito Ave, 1300 block of Columbus Ave…..I am sure there are more. If these are spec homes, they will be offered anywhere from $ 2,2 to $2.7 million in the very near future.

These numbers are only for single family homes listed and sold in Burlingame.
I will post these numbers every Monday to show the trend of Burlingame Real Estate.
The absorption rate is 3.4 months. This means that it will take 3.4 months to sell the current inventory.

As of April 12, 2010
64 Homes for sale
31 Homes pending
19 Homes sold last month

16 new listings week of April 5 -12, 2010
5 pending sales week of April 5-12, 2010

1515 Hillside Dr, Burlingame
Short Sale
Days on market: 159
5 bed/3 full bath
2300sqft/lot 6000sf
$ 1,195,000
Listing agent: Liz Tabet/Alain Pinel Realtors

 

 

 

This property at 2805 Adeline Drive in Burlingame is probably the next tear down in town. Located on the corner of Alvarado and Adeline, right across from the Kohl Mansion. The house was found unsafe by the county of San Mateo a while back. Neighbors are not looking forward to a construction site, but are in agreement that anything is better than this picture. Look for the FOR SALE sign to go up soon. The lot is 100×101 as per county records.

Last week I wrote about the house for sale at 26 La Strada Ct in Burlingame that had been listed for $ 999,999 which I felt was a rather low price for that property. On March 25th the listing was canceled, re-listed for $ 1,880,000 and showed as a pending sale all in one day. What caught my eye today is the substantial price reduction for 707 Walnut Ave, Burlingame 4 bed/3 bath, from  $ 1,485,000 to $ 1,199,000 which is stated as being the starting bid price. Wanut Ave is a very desirable location and I think that the agent Stanley Lo/Green Banker, 650.692.4459 will get the desired attention. The house has 2700 sqft of living space and and is located on a large 11,000sf lot.

Two homes in Burlingame caught my eye yesterday during the broker’s tour. Both are rather large homes for Burlingame but the price difference is close to $ 900,000. 2716 Arguello Ave , Burlingame a 4 bedroom/3.5 bathroom, 3650 sqft of living space home with an incredible view  and a flat backyard, priced at $ 1,888,888, listed by Laura Bryant/Cashin lbryant@cashin.com and 26 La Strada Court, Burlingame a 5 bedroom/4+bathroom, 4350sqft of living space home priced at $ 999,999 listed by Stanley Lo/Green Banker 650.692.4459. The home on La Strada Court was listed for $ 1,888,000 a year agon, reduced to $ 1,699,000 and taken off market by June 2009. Obviously the seller is now highly motivated but listing this property for under 1 Million? Every realtor in town was checking out this home on tour yesterday. Houses in this gated community were completed in 2000 and are considered luxury homes. Stay tuned to find out what these homes end up selling for…