NOT LISTED FOR SALE

1489 Murchison Dr Millbrae, CA 94030

Mills Estates Neighborhood

Estimated Value: $2,608,000 - $3,034,000

4 Beds
2 Baths
1,930 Sq Ft
$1,444/Sq Ft Est. Value

Last Sold August 31, 2016

Last sale price $1,730,000 $896 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $16,566/month

15 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • 2 Car Attached Garage
  • Spring Valley Elementary School Rated A-
  • Breakfast Area or Nook
  • Wet Bar

About This Home

As of August 2016

A rare bright, spacious Rancher style home in the Mills Estate neighborhood of Millbrae, one of the most desired areas on the Peninsula! This well-kept home is on the market for the first time in over 50 years. A partially updated kitchen showcases high-quality stainless steel appliances and glass top stove. Relax in the comfortable family room, and entertain in the living room, which features a wet bar and direct access to the patio. Escape to your own private oasis in the backyard, with beautiful swimming pool and garden area, and generous space ideal for lounging and sunbathing. You’ll love living in this charming Millbrae home. Conveniently located to downtown Millbrae, public transportation, award-winning schools, and much more.

Last Agent to Sell the Property

Disen Cai

KW Advisors License #01928373 Listed on: 07/24/2016

KW Advisors

Last Buyer's Agent

Shane Cheng

KW Advisors License #01975649

KW Advisors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 7,971 Sq Ft Lot
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R10006

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,930 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Separate Family Room
  • Dining Area
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower

Outdoor Features

  • Private Pool
  • Shed

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 024-451-270

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Listing Class: Residential
  • Structure Sq Ft: 1930
  • Year Built: 1964
  • Zoning Description: R10006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook, Dining Area
  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Microwave, Oven - Built-In, Refrigerator
  • Living Sq Ft: 1930
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Yard/Grounds: Back Yard, Drought Tolerant Plants, Low Maintenance, Sprinklers - Auto, Storage Shed / Structure
  • Pool: Yes

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Wet Bar

Schools

  • High School: 659

Lot Info

  • Parcel Number: 024-451-270
  • Lot Acres: 0.1830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7958.41
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7958.41

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Mateo Union High
  • Elementary School Text: Spring Valley Elementary
  • High School Text: Mills High
  • Middle School Text: Taylor Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2016
Closed on
Aug 26, 2016
Sold by
Welge Alice A
Bought by
Gon Jeffrey and Gon Lisa Lee
Seller's Agent
Disen Cai
KW Advisors
Buyer's Agent
Shane Cheng
KW Advisors
List Price
$1,398,000
Sold Price
$1,730,000
Premium/Discount to List
$332,000
23.75%
Current Estimated Value
$2,787,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,057,004
Avg. Annual Appreciation
5.24%
Original Mortgage
$625,000
Outstanding Balance
$499,547
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$2,287,457
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
Gon Jeffrey $1,730,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gon Jeffrey $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2016 08/31/16 Sold $1,730,000 +23.7% $896 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
07/24/2016 07/24/16 For Sale $1,398,000 -- $724 / 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 $24,093 $2,053,318 $1,508,759 $544,559
2023 $24,093 $1,973,588 $1,450,173 $523,415
2022 $21,829 $1,934,892 $1,421,739 $513,153
2021 $21,582 $1,896,955 $1,393,862 $503,093
2020 $21,227 $1,877,505 $1,379,570 $497,935
2019 $20,719 $1,840,692 $1,352,520 $488,172
2018 $20,308 $1,804,600 $1,326,000 $478,600
2017 $19,475 $1,730,000 $1,300,000 $430,000
2016 $2,018 $168,129 $41,394 $126,735
2015 $2,004 $165,605 $40,773 $124,832
2014 $1,961 $162,362 $39,975 $122,387
Source: Public Records

Agents Affiliated with this Home

  • Disen Cai

    Seller's Agent in 2016

    Disen Cai

    KW Advisors

    (650) 622-2156

    38 in this area

    334 Total Sales

    Disen Cai
    Section Image

  • S

    Buyer's Agent in 2016

    Shane Cheng

    KW Advisors

    (650) 740-3840

    33 Total Sales

    Shane Cheng
    Section Image
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Map

Source: MLSListings

MLS Number: ML81596797

MLSListings

APN: 024-451-270

California San Mateo County Millbrae 94030 Mills Estates

1489 Murchison Dr, Millbrae, CA

Not Listed for Sale

Detached

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