NOT LISTED FOR SALE

11 Hazel Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,717,000 - $3,879,888

4 Beds
2 Baths
3,977 Sq Ft
$808/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $1,500,000 $377 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $19,720/month

2 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • 2-minute walk to Millbrae Spur Trail
  • Spring Valley Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of January 2017

When opportunity knocks you better open the door! For your consideration we have a Duplex 2 2 bedroom 1 bath units on a large lot with amazing potential. The location of this property is probably its best feature. This part of Hazel Ave. is a quiet setting but close to so many amenities. situated between two shopping districts, lots of restaurants, easy access to the 101 and 280 plus bart and caltrain are less than 1/2 a mile away. keep this property as is, land bank or bring in the bulldozers and build something new.

Last Agent to Sell the Property

Robin Neydavoud

Edward Sorensen, Broker License #01719089 Listed on: 11/27/2016

Last Buyer's Agent

Robin Neydavoud

Edward Sorensen, Broker License #01719089 Listed on: 11/27/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • 1937

Lot Details

  • 6,011 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,977 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $48,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $200
  • Insurance Expense $1,000
  • Maintenance Expense $2,000
  • Operating Expense $7,300
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Year Built

1937

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3977
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Interior Features

  • Living Sq Ft: 3977
  • Stories: 2
  • Flooring: Hardwood

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.02
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 200
  • Expense Maintenance: 2000
  • Expenses Total: 7300
  • Income Annual Gross: 48000.00
  • Income Annual Rental: 48000
  • Income Gross Scheduled: 48000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2021
Sold by
Tang Tom and Tang Pauline Poyin
Bought by
Lam Jimmy Kwok Lung
Current Estimated Value
$3,211,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,848,700
Outstanding Balance
$1,674,829
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,537,143

Purchase Details

Closed on
Jun 3, 2021
Sold by
Liang Yi Sheng and Guan Li Yu
Bought by
Guan Li Yu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,848,700
Outstanding Balance
$1,674,829
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,537,143

Purchase Details

Closed on
Aug 29, 2017
Sold by
Liang Yi Sheng and Guan Li Yu
Bought by
Guan Li Yu

Purchase Details

Listed on
Nov 27, 2016
Closed on
Jan 20, 2017
Sold by
Ross Barry W and Ross Carolyne
Bought by
Tang Tom and Tang Pauline Poyin Guan
Seller's Agent
Robin Neydavoud
Edward Sorensen, Broker
Buyer's Agent
Robin Neydavoud
Edward Sorensen, Broker
List Price
$124,900,000
Sold Price
$1,500,000
Premium/Discount to List
-$123,400,000
-98.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$975,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2003
Sold by
Ross Barry William and Ross Carolyne Helena
Bought by
Ross Barry W and Ross Carolyne

Purchase Details

Closed on
Oct 27, 1993
Sold by
Ross Barry William and Ross Carolyne Helena
Bought by
Ross Barry William and Ross Carolyne Helena
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lam Jimmy Kwok Lung $2,739,000 Old Republic Title Company
Guan Li Yu -- Accommodation
Guan Li Yu -- None Available
Tang Tom $1,500,000 Old Republic Title Company
Ross Barry W -- --
Ross Barry William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Jimmy Kwok Lung $1,848,700
Previous Owner Tang Tom $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $1,500,000 +20.1% $377 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
11/28/2016 11/28/16 Price Changed $1,249,000 -99.0% $314 / Sq Ft
11/27/2016 11/27/16 For Sale $124,900,000 -- $31,406 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $35,291 $2,906,426 $1,252,225 $1,654,201
2023 $35,291 $2,793,567 $1,203,600 $1,589,967
2022 $30,973 $2,738,792 $1,180,000 $1,558,792
2021 $18,521 $1,608,301 $1,420,667 $187,634
2020 $18,220 $1,591,811 $1,406,100 $185,711
2019 $17,790 $1,560,600 $1,378,530 $182,070
2018 $17,441 $1,530,000 $1,351,500 $178,500
2017 $5,362 $446,112 $223,056 $223,056
2016 $5,291 $437,366 $218,683 $218,683
2015 $5,256 $430,798 $215,399 $215,399
2014 $5,144 $422,360 $211,180 $211,180
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robin Neydavoud

    Edward Sorensen, Broker

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Map

Source: MLSListings

MLS Number: ML81632663

MLSListings

APN: 024-265-080

California San Mateo County Millbrae 94030 Highlands

11 Hazel Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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