There are homes best described as “turn-key,” that welcome new owners with open arms.
There are other homes called “fixers,” or “contractors’ specials,” whose value is a bit more difficult to measure. These homes are the unwitting victims of several years’ inattention. They require great sums of money and time before they will be ready for occupants.
In between these two extremes are the majority of homes on the market. They are ready for occupancy, but could use a few tweaks here and there. They need no major structural repair but their kitchens might sport aged Formica and dishwashers from the Nixon administration. Bathrooms might have some of their charming original pink tile married to a Home Depot vanity. Windows could be painted shut.
In these cases, the home must hold an attraction greater than the sum total of work needed. Maybe they boast a great location; maybe they’re enormous in size. Maybe they’re visually stunning on the outside but need some updating on the inside. Maybe they’re 1269 Cortez Ave., an aged Cape Cod home that drew large crowds to its first open house, a few weeks ago.
Why is 1269 Cortez so desirable? It commits the sins of a dated kitchen and baths. But it is huge — 2,790 square feet and five bedrooms. It has loads of classic details and it’s ideally located in Burlingame’s Easton Addition. This equation makes the home’s shortcomings irrelevant.
Not only is 1269 Cortez large, it also sits on a 12,000 square-foot lot and has an in-ground pool. At the recent open house, groups of curious visitors lingered in the backyard, marveling at the space.
Inside, if they found things a little rough around the edges, they also found open-beamed ceilings, Arts & Crafts finishes and enormous rooms.
If you’re keeping score here, size and “good bones” trump “rough around the edges.” So it is with 1269 Cortez Ave., the Burlingame home with positives that negate its challenges.
1269 Cortez Ave.
Asking price: $1,695,000
Property tax: $20,848
The property: Five bedrooms, three bathrooms, desirable Easton Addition location
Notable: Backyard swimming pool and interior space hint at great potential
Agent: Nancy Ruiz, Cashin Company, (650) 740-1943