December 21, 2009

Burlingame house lets you touch the sky

2805 ARGUELLO Dr, Burlingame, CA 94010 | MLS# 80938820
$1,268,000
2805 ARGUELLO Dr Burlingame, CA 94010

2805
Beds: 3
Baths: 2
Sq. Ft.: 2,020
$/Sq. Ft.: $628
Lot Size: 9,075 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
View: Bay
Year Built: 1958
Community: Mills Estates
County: San Mateo
MLS#: 80938820
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 129 days
LOOKING FOR A “TOUCH THE SKY” VIEW?, THEN THIS IS THE PROPERTY! SEPARATE FAMILY ROOM, RECENTLY NEW INTERIOR PAINT AND REFINISHED HARDWOOD FLOORING. ONE LEVEL. A LARGE DECK IN THE BACK TAKES ADVANTAGE OF THE SPECTACULAR BAY VIEWS. THE PROPERTY IS CLOSE TO FREEWAY ACCESS AND MINUTES FROM SHOPPING AND OTHER AMENITIES.

Thanks to Burbed reader Pralay for this find.

Wow… this house will give you a view that will enable you to touch the sky.

You know what buying this house will really let you touch? Instant equity. That’s right!

2805a

Now, a novice would look at this and say “Hey, that’s $81,000 in instant equity.” A real estate professional, however, would know that there’s actually….

Yep. $345,905 in instant equity. Why? Because at a minimum, this house should have gone up 5% a year. Next year, this will be worth $1.597M.

So why is it selling for so little right now? December slow down, that’s all.

But come spring bounce? BOOYAH.

Comments (3) -- Posted by: burbed @ 5:05 am

3 Responses to “Burlingame house lets you touch the sky”

  1. aa Says:

    If I were Redman, I’d buy this in a heartbeat. ha.

  2. Joe Says:

    Yeah, you’d have to be high on something to pay the asking price.

  3. SmilingCat Says:

    Suffers from decimal point error.


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