Well known for its extraordinary commitment to Halloween, Burlingame's Easton Addition continues on a banner year for real estate sales. Year to date, there have been 54 closed sales in the Easton Addition with an average price per sq. ft. of $1,372, and an average days on market of just 15 days. For the same period in 2020, the average price per sq. ft. for closed sales was $1,250, a 10% increase for 2021 so far. Of the 54 closed sales in 2021, an astonishing 36 of them were over asking price! That's 67% of 2021 Easton Addition Sales closed over asking price! And this includes the two top sales of the year: list: $4,385,000 sold: $5,000,000; and list: $4,688,000 sold $4,900,000 on Castillo and Bernal, respectively.
The Easton Addition of Burlingame can be categorized into its three prevalent housing tiers: 1) Entry Level/Tear Down 2) Mid Range 3) Luxury New Construction. The luxury new constructions, depending on size and location, are commanding $4,700,000 - $5,000,000, with a distinct upward trend on low availability. Entry Level/Tear Downs often become the domain of developers or those looking to just squeeze into the neighborhood with a smaller home. But what if you want a reasonably sized remodeled home NOW in this prized neighborhood? Welcome to the Easton Addition's Mid Range, roughly benchmarked at $3.0 - $4.2M, where you have a chance to get some size, amenities, and 4 bedrooms with an "affordable" family layout. Those with school age children have certainly found a bounty of desirability here as the schools are outstanding, and the neighborhood friendliness is uncanny. Think of it as a timeless slice of Americana, where kids are still heard playing along the sidewalks, dogs take an evening stroll, and bikers hustle on their way to school. You will get to know your neighbors. You will look out for each other. And friendships are forged with the common core of architectural charm, the public school sphere, and proximity to everything. Truly its own microcosm of unique prestige.
Historic roots are a significant influence on the Easton Addition's charisma. Looking back to the 1906 San Francisco earthquake, the City suddenly had thousands of refugees on hand who needed new housing in a secure environment. The Easton Family's land and parts of its Blackhawk Ranch, which constituted the Town of Easton in the early 1900s, became ripe for subdivision. This Easton Addition was annexed by the City of Burlingame in 1910. Most streets were laid out in a north to south grid parallel to El Camino, a mile or two north of downtown Burlingame. Between a lack of prolific automobiles and the advent of World War I, sales started slowly. But by the 1920s and 1930s, streets blossomed with the Revival architecture of the day, which still enhances the personality of the neighborhood.
One of the most important 20th Century architectural movements was the Craftsman, or Arts and Crafts genre. Founded on livability and function over pomp, these homes celebrated woodwork, hand-built sensibility, and organic warmth. These shingled beauties were an evolution and streamlining of the previous Victorian era. The shingled facades were carried over from Victorians, but the ornate rococo tendencies were tempered in favor of the Craftsman's cleaner lines. An opening salvo is often the columned front porch. This element was an evolution into the indoor/outdoor dynamics we favor today. These early Craftsman gems represent many of the Easton Addition's most endearing homes. One such retreat, 1415 Drake Avenue (Pictured), I have listed at $3,595,000. With roots to 1917, the home has been lovingly transformed into a modern family haven. The most recent 2016 renovation merges a modern kitchen/family Great Room at the heart of the home. With 2,850 sq. ft., 4 bedrooms and 3 baths, this is a prime opportunity in the Easton Addition's Mid Range bracket. Beginning at the 1400 block just north of Hillside Drive, the school assignment becomes Lincoln Elementary. Together with nearby Burlingame Intermediate and Burlingame High, families are covered with some of the Peninsula's most elite public schools. And don't forget those famous Halloween festivities! Check out Cabrillo Avenue when the goblins come lurching!