tomo logo

$2,350,000

Beds
4
Baths
2.0
sq ft
2,760

1111 Laguna Ave, Burlingame, CA 94010

1111 Laguna Ave

Burlingame, CA 94010

  • 60 days on market
Originally a single-family home converted into a duplex. Two attached homes on one lot, each with its own address, gas and electric meter, makes this property ideal for extended family needs or for rental income. The main home has 3 bedrooms and 1 bath, an upstairs finished bonus loft, updated granite kitchen, large living room with fireplace and formal dining room, plus a private garden deck. The attached home has a private entrance, 1 bedroom, 1 bath, living and dining combo, well-appointed kitchen, and lovely back yard with patio and gardening space. Each home has its own laundry plus there is a detached garage and carport. Newly paved driveway. Detached 2 car garage. Exclusive backyard for each home. All around are lush tropical gardens with palms and splashes of color. This home has a great location just around the corner from Broadway shops and restaurants. Excellent Burlingame schools.

Details

Property type

Single Family Residence

Est. home value

$2,934,070

Lot size

5,750 sq ft

Price per sq ft

$852

Year built

1932

HOA

No

Price History

11/26/2024
BridgeMLS

BridgeMLS #ML81984764

Price change
$2,350,000
+17.79%
11/07/2024
BridgeMLS

BridgeMLS #ML81984764

Price change
$1,995,000
-22.97%
10/24/2024
BridgeMLS

BridgeMLS #ML81984764

Listed
$2,590,000
+10.21%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Mateo Union High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$944,749
Asking price
$2,350,000
Closing costs (~8% of asking)
-$188,000
Est. remaining loan balance
-$1,217,251
Cash to seller
$944,749

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Onni Enterprise Inc

Loan start date

December 2021

Original loan amount

$1,300,000

Est. remaining balance

$1,217,251

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Thomas Xlao Yee Tse and Cherle Wal Chi Tse

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

BridgeMLS
$2,575,000
2 bd
|
1 ba
|
2,425 sq ft
|
House

846 A-B Highland Ave, San Mateo, CA 94401

BridgeMLS
$2,498,000
2 bd
|
1 ba
|
1,250 sq ft
|
House

1044 Paloma Ave, Burlingame, CA 94010

BridgeMLS
$2,498,000
2 bd
|
1 ba
|
770 sq ft
|
House

1315 Carmelita Ave, Burlingame, CA 94010

Status: Active

Tomo last checked: 12/23/2024 at 7:40 PM

Listing updated: 12/23/2024 at 4:25 AM

Listed by: Jonathan T. Ng, RE/MAX Gold of Daly City Phone #: (415) 735-8233

MLS: BridgeMLS #ML81984764

BridgeMLS logo

Recently listed in Burlingame

$5,628,000|5 bd|4.5 ba|House
$3,999,999|4 bd|4.5 ba|House
$2,498,000|2 bd|1.0 ba|House
$2,498,000|2 bd|1.0 ba|House
$2,350,000|4 bd|2.0 ba|House
$2,190,000|2 bd|1.0 ba|House
$3,595,000|4 bd|3.5 ba|House