1516 Alturas Drive, Burlingame, California 94010, Burlingame, 94010 - 3 bed, 4 bath
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1516 Alturas Drive
Burlingame, California 94010
ACTIVE
CONDITION: GOOD
3Beds
4Baths
2,340Sq Ft
7,680Lot Size
Property Price
LIST PRICE$2,950,000
EST. MARKET VALUE
$3,300,158
10% BelowMARKET VALUE
SUMMARY
This Versatile Residential Property is a Strong Value Opportunity, listed at $2,950,000—positioned well below the $3,300,159 Fair Market Value by 10%. This valuation gap offers $350,159 in Instant Equity for the buyer. Featuring Panoramic Bay Views, a Rare Flat Backyard, and a Wellness Area with Sauna, the home maintains a Condition Rating of 3. Located near Top-Rated Schools like Burlingame High, this is an ideal acquisition for Owner-Occupants or Multigenerational Families seeking a sophisticated Peninsula lifestyle.
Estimated Market Value
$3,300,158+$350,158 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Burlingame.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 Alturas Drive Subject | $2,950,000* List Price | 3 | 4 | 2,340 | $1,410 | - |
A 2618 Martinez Drive Sold | $3,168,888 | 2 | 2 | 2,000 | $1,584 | 0.8 mi |
B 1386 Hillside Circle Sold | $3,825,000 | 4 | 4 | 2,340 | $1,635 | 0.8 mi |
C 1683 Escalante Way Sold | $3,200,500 | 4 | 2 | 2,250 | $1,422 | 0.4 mi |
D 1512 Alturas Drive Active | $3,280,000 List Price | 4 | 3 | 2,770 | $1,184 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is exceptionally well-maintained and move-in ready. While the kitchen and bathrooms show signs of a renovation likely dating back 15-20 years (light wood cabinetry, tile countertops, and white appliances), the home has been refreshed with modern wide-plank flooring, updated lighting, and fresh paint. The exterior, roof, and windows appear to be in solid condition, and the overall presentation suggests a high level of care despite the 1954 original build date.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hillsborough School (9/10). Middle School: Crocker Middle School (9/10). High School: Burlingame High School (9/10).
- Panoramic Bay Views
The property features stunning, sweeping views of the San Francisco Bay from the main living areas and an expansive deck, significantly enhancing its luxury appeal and market value.
- Versatile Living Spaces
A flexible lower level with a private office, wellness area, and generous flex space provides excellent options for multigenerational living or a sophisticated work-from-home retreat.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2340, other record living area = 1620.
- Potential for Modernization
Offered for the first time since 1979, the 1954-built residence likely requires significant cosmetic and functional updates to meet the expectations of modern luxury buyers.
- Limited Primary Bedrooms
With only three established bedrooms at a $2.95M price point, the current configuration may be a constraint for larger families compared to other homes in this price bracket.
About 1516 Alturas Drive
First time on the market since 1979. Welcome to 1516 Alturas Drive, a special Burlingame residence where sweeping Bay views, indoor-outdoor living, and remarkable versatility come together. Offering 3 bedrooms, 4 bathrooms, and approximately 2,340 sq. ft. on a 7,680 sq. ft. lot, this home provides an exceptional setting for living and entertaining. Beautifully positioned to capture panoramic Bay views, the main living spaces flow effortlessly to a large view deck, creating an inviting setting for morning coffee, sunset dinners, and gatherings with family and friends. A rare, flat backyard offers space to relax, entertain, garden, and enjoy the outdoors. The lower level adds flexibility, featuring a private office and generous flex space with areas for living and dining, plus space for an additional bedroom. Ideal for extended family, guests, multigenerational living, or a private work-from-home retreat, this space allows the home to evolve with your needs. Enjoy a wellness area featuring a sauna, hot tub, separate shower, and bathroom. With captivating Bay views, an expansive deck, flat yard, and flexible living spaces, 1516 Alturas Drive presents a rare opportunity to enjoy a sophisticated yet comfortable Peninsula lifestyle in one of Burlingame's most desirable communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,680 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Burlingame Unified Schools
West Hillsborough School
Grades K-5 • 2.3 mi
9/10
Burlingame Intermediate School
Grades 6-8 • 1.0 mi
8/10
Crocker Middle School
Grades 6-8 • 1.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 4.0 | 2.5 |
| Square foot | 2,340 | 2,122.469 |
| Lot Size | 7,680 | 7,400.625 |
| Price | $2.95M | $3.12M |
| Price per sq ft | $1.3K | $1.5K |
| Built year | 1954 | 1934 |
| HOA | $0 | $0 |
| Days on market | 5 | 34 |
Pricing History
Listed for Sale
Sep 4, 2026
$2,950,000
Initial Listing