NOT LISTED FOR SALE

217 Paramount Dr Millbrae, CA 94030

Green Hills Neighborhood

Estimated Value: $2,180,000 - $2,693,000

4 Beds
4 Baths
2,660 Sq Ft
$912/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $1,950,000 $733 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,053/month

14 Days on Market

Highlights

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

About This Home

As of September 2020

Located in a quiet neighborhood on the west side of El Camino Real, this four-plex is brimming with old world charm and character. The 660 square foot units have real hardwood floors, eat in kitchens, gas range stoves and individual water heaters. There are 5 water meters, meaning tenants pay their own water and sewer charges. Located close to Broadway, positioning it close to an innumerable amount of shops/restuarants. Walkscore of 92! Located 1.5 miles from The Millbrae BART/Caltrains station.

Last Agent to Sell the Property

Brett Barron

Capital Realty Group License #00893787 Listed on: 08/10/2020

Co-Listed By

Michael Silva

Capital Realty Group License #01962674

Last Buyer's Agent

John Sayage

Compass License #02068974

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 5,336 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,660 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • 4 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $100,020

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,827
  • Maintenance Expense $2,975
  • Manager Expense $6,001
  • Other Expense $680
  • Utility Expense $851
  • Trash Expense $1,271
  • Operating Expense $35,860
  • Gross Income $97,321

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: r-4
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Garbage Disposal, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2660
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Off-Street Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1225
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5335.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5335.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.94
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1827
  • Expense Landscape: 1200
  • Expense Maintenance: 2975
  • Expense Management: 6001
  • Expenses Other: 680
  • Expenses Total: 35860
  • Expenses Utility: 851
  • Expense Trash: 1271
  • Income Annual Gross: 97321.00
  • Income Annual Rental: 100020
  • Income Gross Scheduled: 100331
  • Income Includes: Laundry
  • Income Other: 311
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
Kohli Raj and Kohli Veena
Bought by
Kohli Family Trust and Kohli
Current Estimated Value
$2,425,343

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 22, 2020
Sold by
Commercial Hujazi Llc
Bought by
Kohli Raj and Kohli Veena
Seller's Agent
Brett Barron
Capital Realty Group
Buyer's Agent
John Sayage
Compass
List Price
$1,900,000
Sold Price
$1,950,000
Premium/Discount to List
$50,000
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%

Purchase Details

Closed on
Jan 23, 2008
Sold by
Mohammad Issa A
Bought by
Commercial Hujazi Llc

Purchase Details

Closed on
Aug 19, 2005
Sold by
Hujazi Helena Wilhemina
Bought by
Dolch Debra J
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
Kohli Family Trust -- None Listed On Document
Kohli Family Trust -- None Listed On Document
Kohli Raj $1,950,000 Old Republic Title
Commercial Hujazi Llc -- None Available
Commercial Hujazi Llc -- None Available
Commercial Hujazi Llc -- None Available
Mohammad Issa A -- None Available
Hujazi Monica -- None Available
Dolch Debra J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2020 09/29/20 Sold $1,950,000 +2.6% $733 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $1,900,000 -- $714 / 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 $28,156 $2,110,741 $1,028,309 $1,082,432
2023 $28,156 $2,028,780 $988,380 $1,040,400
2022 $22,789 $1,989,000 $969,000 $1,020,000
2021 $22,535 $1,950,000 $950,000 $1,000,000
2020 $19,401 $1,681,340 $840,670 $840,670
2019 $18,947 $1,648,374 $824,187 $824,187
2018 $18,579 $1,616,054 $808,027 $808,027
2017 $18,213 $1,584,368 $792,184 $792,184
2016 $17,989 $1,553,302 $776,651 $776,651
2015 $2,069 $132,597 $49,342 $83,255
2014 $2,034 $130,001 $48,376 $81,625
Source: Public Records

Agents Affiliated with this Home

  • Brett Barron

    Seller's Agent in 2020

    Brett Barron

    Capital Realty Group

    (650) 342-0373

    38 Total Sales

    Brett Barron
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Michael Silva

    Capital Realty Group

    Section Image
  • John Sayage

    Buyer's Agent in 2020

    John Sayage

    Compass

    (650) 346-9480

    61 Total Sales

    John Sayage
    Section Image
  • Norma Sayage

    Buyer Co-Listing Agent in 2020

    Norma Sayage

    Compass

    (650) 759-6774

    28 Total Sales

    Norma Sayage
    Section Image
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Map

Source: MLSListings

MLS Number: ML81805398

MLSListings

APN: 021-276-050

California San Mateo County Millbrae 94030 Green Hills

217 Paramount Dr, Millbrae, CA

Not Listed for Sale

MultiFamily

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