NOT LISTED FOR SALE

111 Palm Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,407,884 - $2,644,000

4 Beds
2 Baths
2,460 Sq Ft
$1,013/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $2,218,000 $902 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $15,159/month

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating System
  • 3-minute walk to Millbrae Spur Trail
  • Spring Valley Elementary School Rated A-
  • Security Fence

About This Home

As of April 2021

Prime Millbrae Villa location close to Downtown, Bart, Caltrain, schools, SFO, and highways 101/280. Stand-alone main home with 3 bedrooms, 1 bath, independent yard, and one car attached garage. The rear structure has a spacious 1 bedroom, 1 bath + huge loft on the upper level with its own expansive deck. The lower level of the rear structure has a flex space optimal for additional income. All of the units have their own private outdoor spaces and storage. Tremendous investment opportunity or family compound.

Last Agent to Sell the Property

Matthew Rogers

Rogers & Associates License #01824110 Listed on: 03/30/2021

Last Buyer's Agent

Tina Duong

Perisson Real Estate, Inc. License #02138953

Property Details

Home Type

  • Multi-Family

Year Built

  • 1929

Lot Details

  • 5,998 Sq Ft Lot
  • Security Fence

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,460 Sq Ft Home
  • 2-Story Property

Utilities

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

Community Details

  • 2,460 Sq Ft Building
  • Gross Income $108,000

Listing and Financial Details

  • Total Actual Rent $108,000

Property Details

Home Type

Multi-Family

Year Built

1929

Lot Details

0

Parking

1

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2460
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1929

Interior Features

  • Living Sq Ft: 2460
  • Stories: 2
  • Security: Security Fence

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Lot Info

  • Lot Acres: 0.1377
  • 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

  • Gross Rent Multiplier: 18.51

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Income Annual Gross: 108000.00
  • Income Annual Rental: 108000
  • Income Gross Scheduled: 108000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2021
Sold by
Redwood Palm Llc
Bought by
Wong Chick Chuen and Wong Shui Lin
Current Estimated Value
$2,491,295

Purchase Details

Listed on
Mar 30, 2021
Closed on
Apr 13, 2021
Sold by
Henry Thomas E and Henry Sahron M
Bought by
Redwood Palm Llc
Seller's Agent
Matthew Rogers
Rogers & Associates
Buyer's Agent
Tina Duong
Perisson Real Estate, Inc.
List Price
$1,999,000
Sold Price
$2,218,000
Premium/Discount to List
$219,000
10.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%

Purchase Details

Closed on
Apr 18, 2006
Sold by
Henry Thomas R and Henry Sharon M
Bought by
Henry Thomas R and Henry Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.96%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wong Chick Chuen $2,218,000 Chicago Title Company
Redwood Palm Llc $2,218,000 Chicago Title Company
Henry Thomas R -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henry Thomas R $770,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $2,218,000 +11.0% $902 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $1,999,000 -- $813 / 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 $25,738 $2,068,000 $1,158,000 $910,000
2023 $25,738 $2,040,000 $1,158,000 $882,000
2022 $25,502 $2,262,360 $1,284,180 $978,180
2021 $1,911 $141,887 $42,667 $99,220
2020 $1,884 $140,433 $42,230 $98,203
2019 $1,846 $137,680 $41,402 $96,278
2018 $1,815 $134,982 $40,591 $94,391
2017 $1,696 $132,337 $39,796 $92,541
2016 $1,666 $129,743 $39,016 $90,727
2015 $1,656 $127,795 $38,430 $89,365
2014 $1,622 $125,293 $37,678 $87,615
Source: Public Records

Agents Affiliated with this Home

  • Matthew Rogers

    Seller's Agent in 2021

    Matthew Rogers

    Rogers & Associates

    (650) 678-4837

    4 in this area

    75 Total Sales

    Matthew Rogers
    Section Image

  • T

    Buyer's Agent in 2021

    Tina Duong

    Perisson Real Estate, Inc.

    (650) 636-3147

    2 in this area

    6 Total Sales

    Tina Duong
    Section Image
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Map

Source: MLSListings

MLS Number: ML81831108

MLSListings

APN: 024-266-040

California San Mateo County Millbrae 94030 Highlands

111 Palm Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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