NOT LISTED FOR SALE

Park Broadway 1388 Broadway Unit 181 Millbrae, CA 94030

Downtown Millbrae Neighborhood

Estimated Value: $737,042 - $1,053,000

2 Beds
2 Baths
1,152 Sq Ft
$516/mo HOA Fee

Last Sold July 29, 2022

Last sale price $563,100 $489 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,749/month

68 Days on Market

Highlights

  • 1.58 Acre Lot
  • Balcony
  • 3-minute walk to Green Hills Park
  • Green Hills Elementary School Rated A-
  • Side by Side Parking

About This Home

As of July 2022

Centrally located 2bed/2bath w/balcony near BART shopping & restaurants. This is a below market rate (BMR)home that is available through the City of Millbrae's Inclusionary Zoning Program. The property is subject to resale controls, monitoring, & other ownership restrictions. Home buyers must meet Program eligibility requirements to purchase the property. The property is sold through a lottery process. Interested homebuyers must submit a Lottery Application to secure program eligibility to enter into the purchase lottery. Lottery eligibility applications are obtained at www.myhomegateway.org/millbraebmr. For additional information regarding this property's BMR guidelines, restrictions, & to access the lottery application and instructions go to www.myhomegateway.org/millbraebmr.Applicants can also contact BAAHA for additional Program related information and questions at info@myhomegateway.com. Lottery eligibility application must be submitted by no later than 5pm Friday April 29, 2022

Last Agent to Sell the Property

Trista Bernasconi

Compass License #02095335 Listed on: 04/08/2022

Compass

Last Buyer's Agent

Trista Bernasconi

Compass License #02095335 Listed on: 04/08/2022

Compass

Property Details

Home Type

  • Condominium

Lot Details

  • 1.58

HOA Fees

  • $516 Monthly HOA Fees

Home Design

  • 1,152 Sq Ft Home

Parking

  • 1 Parking Space
  • Side by Side Parking
  • Assigned Parking

Additional Features

  • 2 Full Bathrooms

Community Details

  • 190 Units

Listing and Financial Details

  • Assessor Parcel Number 104-670-210

Property Details

Home Type

Condominium

Lot Details

0

HOA Fees

$516 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Attached
  • Special Features: None
  • Stories: 0

Interior Features

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Price Per Square Foot: 488.80
  • Square Footage: 1152.00

Exterior Features

  • Exterior Features: Balcony

Garage/Parking

  • Parking Access: Side by Side
  • Parking Features: Assigned
  • Parking Fees: No
  • Parking Type: On Site - Assigned (Condo Only)
  • Total Parking Spaces: 1.00

Condo/Co-op/Association

  • Association Fee: 516
  • Association Fee Frequency: Monthly

Lot Info

  • Assessor Parcel Number: 104-670-210
  • Lot Size Acres: 1.5794
  • Lot Size Sq Ft: 68800.00
  • Lot Size Units: SqFt
  • Price Per Acre: 356527.80

Multi Family

  • Number Of Units: 190

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Chung Chuo Wei and Chen Chu
Bought by
Wong Dicken Chikwong and Yu Sau Ying
Current Estimated Value
$866,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,207
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2010
Sold by
Millbrae Town Plaza Lp
Bought by
Chuo Wei Chung and Huang Chu Chen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,316
Interest Rate
4.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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 Dicken Chikwong $563,500 Chicago Title
Chuo Wei Chung $374,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Dicken Chikwong $506,207
Previous Owner Chuo Wei Chung $299,316
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $563,100 0.0% $489 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $563,100 -- $489 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $8,951 $586,264 $175,879 $410,385
2023 $8,951 $563,500 $169,050 $394,450
2022 $6,446 $455,519 $136,654 $318,865
2021 $6,301 $446,588 $133,975 $312,613
2020 $6,350 $442,010 $132,602 $309,408
2019 $6,163 $433,344 $130,002 $303,342
2018 $6,132 $424,848 $127,453 $297,395
2017 $5,980 $416,518 $124,954 $291,564
2016 $5,841 $408,352 $122,504 $285,848
2015 $5,815 $402,219 $120,664 $281,555
2014 $5,704 $394,341 $118,301 $276,040
Source: Public Records

Agents Affiliated with this Home

  • Trista Bernasconi

    Seller's Agent in 2022

    Trista Bernasconi

    Compass

    (888) 551-5459

    1 in this area

    31 Total Sales

    Trista Bernasconi
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About Park Broadway

Map

Source: San Francisco Association of REALTORS®

MLS Number: 422647335

San Francisco Association of REALTORS®

APN: 104-670-210

California San Mateo County Millbrae 94030 Downtown Millbrae

1388 Broadway Unit 181, Millbrae, CA

Not Listed for Sale

Condos

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