NOT LISTED FOR SALE

1408 Magnolia Ave Millbrae, CA 94030

Green Hills Neighborhood

Estimated Value: $1,451,000 - $2,454,029

4 Beds
2 Baths
2,544 Sq Ft
$772/Sq Ft Est. Value

Last Sold July 23, 2012

Last sale price $880,000 $346 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $12,206/month

31 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 3-minute walk to Green Hills Park
  • Green Hills Elementary School Rated A-

About This Home

As of July 2012

Unique townhouse style duplex. Each unit is 2 story and side by side. Each unit has it's own yard and private garage. Spacious living room with hardwood floors, kitchen dining area, one bedroom down and one spacious bedroom and full bath upstairs. Each unit has it's own garage with laundry and access to their separate outdoor space.

Last Agent to Sell the Property

Lynnette Giusti

Compass License #00835996 Listed on: 05/05/2012

Last Buyer's Agent

Stanley Guan

Statewide Realty License #01244438

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,035

Year Built

  • 1948

Lot Details

  • 5,140

Parking

  • Private Parking

Home Design

  • 2,544 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Oven or Range
  • Laundry in Garage
  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $42,600
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2,544 Sq Ft Building

Building Details

  • Operating Expense $3,918
  • Gross Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,035

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: R200
  • Subclass: Duplex
  • Age: 64
  • Inspections Reports: Pest Control, Roof
  • Sale Price Per Sq Ft: 345.91
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2544
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2544
  • Laundry: Washer/Dryer - All Units, In Garage
  • Flooring: Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5225.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5225.00
  • Lot Size Area Min Search: 5225.00
  • Maximum Lot Size: 5225.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.30

Multi Family

  • Expenses Total: 3918
  • Income Annual Gross: 42600.00
  • Income Annual Rental: 42600
  • Income Gross Scheduled: 42600
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Insurance, Miscellaneous/Other
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2012
Closed on
Jul 2, 2012
Sold by
Beltrame Dolly
Bought by
Li Helen and Li Alan
Seller's Agent
Lynnette Giusti
Compass
Buyer's Agent
Stanley Guan
Statewide Realty
List Price
$950,000
Sold Price
$880,000
Premium/Discount to List
-$70,000
-7.37%
Current Estimated Value
$1,985,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,105,262
Avg. Annual Appreciation
6.14%
Original Mortgage
$528,000
Outstanding Balance
$366,386
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$1,549,447

Purchase Details

Closed on
Oct 29, 2003
Sold by
Matiasic Anthony and Matiasic Dolly
Bought by
Beltrame Dolly
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Li Helen $880,000 Fidelity National Title Co
Beltrame Dolly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Helen $528,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2012 07/23/12 Sold $880,000 -7.4% $346 / Sq Ft
06/05/2012 06/05/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $950,000 -- $373 / 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 $16,035 $1,197,816 $541,824 $655,992
2023 $16,035 $1,151,306 $520,785 $630,521
2022 $13,075 $1,128,733 $510,574 $618,159
2021 $12,931 $1,106,602 $500,563 $606,039
2020 $12,724 $1,095,257 $495,431 $599,826
2019 $12,428 $1,073,783 $485,717 $588,066
2018 $12,188 $1,052,731 $476,194 $576,537
2017 $11,916 $1,032,090 $466,857 $565,233
2016 $11,766 $1,011,854 $457,703 $554,151
2015 $11,687 $996,656 $450,828 $545,828
2014 $10,377 $883,994 $441,997 $441,997
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lynnette Giusti

    Compass

  • S

    Buyer's Agent in 2012

    Stanley Guan

    Statewide Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81216870

MLSListings

APN: 021-275-010

California San Mateo County Millbrae 94030 Green Hills

1408 Magnolia Ave, Millbrae, CA

This home is located at 1408 Magnolia Ave, Millbrae, CA 94030 since 05 May 2012 and is currently estimated at $1,963,007, approximately $771 per square foot. This property was built in 1948. 1408 Magnolia Ave is a home located in San Mateo County with nearby schools including Green Hills Elementary School, Taylor Middle School, and Mills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes