NOT LISTED FOR SALE

230 Magnolia Ave Millbrae, CA 94030

Downtown Millbrae Neighborhood

Estimated Value: $2,146,000 - $2,612,000

2 Beds
1 Bath
1,230 Sq Ft
$1,918/Sq Ft Est. Value

Last Sold July 26, 2017

Last sale price $1,310,000 $1,065 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $15,150/month

11 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Forced Air Heating System
  • Spring Valley Elementary School Rated A-
  • Bathtub with Shower
  • Gentle Sloping Lot

About This Home

As of July 2017

"House Charming Looking for its Prince" Create your comfort amongst architecturally appealing homes in the highly sought after Millbrae Highlands neighborhood. Dream big. You're worth it! Prestigious Millbrae Schools. Close to transportation, jobs, and great restaurants. Original owner bought in 1927 & gave to his son in 1970. Same family trust selling now. Few updates between. Hardwood flooring in all but kitchen & bath. Shower over tub. Your chance to improve home to your designs. Planning department says **possible** accessory unit, buyer to verify. A real diamond in the rough. Some day its price will come.

Last Agent to Sell the Property

Deniece Watkins Smith

Coldwell Banker Realty License #01295757 Listed on: 06/16/2017

Coldwell Banker Realty

Last Buyer's Agent

Matilde Ho

Compass License #01931270

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,997

Year Built

  • Built in 1927

Lot Details

  • 4,948 Sq Ft Lot
  • Southwest Facing Home
  • Gentle Sloping Lot
  • Zoning described as R10006

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 1,230 Sq Ft Home
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 024-147-130

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,997

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Age: 90
  • Listing Class: Residential
  • Structure Sq Ft: 1230
  • Incorporated: Yes
  • Year Built: 1927
  • Zoning Description: R10006
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 1230
  • Laundry: Inside
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Tar and Gravel
  • Property Faces: Southwest

Garage/Parking

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

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Mateo Union High
  • Elementary School: Spring Valley Elementary
  • Middle School: Taylor Middle
  • High School: Mills High
  • High School: 659
  • Elementary School: 736
  • Middle School: 737

Lot Info

  • Lot Description: Grade - Gently Sloped
  • Parcel Number: 024-147-130
  • Lot Acres: 0.1136
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4950.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4950.00

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

Closed on
Mar 3, 2021
Sold by
Cheng Wai Hong
Bought by
Cheng Wai Hong and Wu Helen
Current Estimated Value
$2,417,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,081,120
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$1,260,760

Purchase Details

Closed on
Feb 21, 2020
Sold by
Cheng Wai Hong and Hui Zhen Xiao
Bought by
Cheng Wai Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2017
Sold by
Cheng Wai Hong
Bought by
Cheng Wai Hong and Zhen Xiao Hui

Purchase Details

Listed on
Jun 16, 2017
Closed on
Jul 6, 2017
Sold by
Wallace Kevin William
Bought by
Cheng Wai Hong
Seller's Agent
Deniece Watkins Smith
Coldwell Banker Realty
Buyer's Agent
Matilde Ho
Compass
List Price
$899,000
Sold Price
$1,310,000
Premium/Discount to List
$411,000
45.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.48%
Original Mortgage
$851,500
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 10, 1995
Sold by
Wallace William J
Bought by
Wallace William J and Wallace Kevin William
Source: Public Records

Range of Values:

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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
Cheng Wai Hong -- Fidelity National Title
Cheng Wai Hong $655,000 None Available
Cheng Wai Hong -- None Available
Cheng Wai Hong $1,310,000 Chicago Title Company
Wallace William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Wai Hong $1,200,000
Closed Cheng Wai Hong $50,000
Previous Owner Hui Cheng Wai Hong $250,000
Previous Owner Cheng Wai Hong $851,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2017 07/26/17 Sold $1,310,000 +45.7% $1,065 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $899,000 -- $731 / 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 $22,997 $1,989,713 $1,194,497 $795,216
2023 $22,997 $1,912,455 $1,148,115 $764,340
2022 $21,085 $1,874,959 $1,125,604 $749,355
2021 $20,845 $1,838,198 $1,103,535 $734,663
2020 $20,483 $1,810,704 $1,144,440 $666,264
2019 $16,126 $1,426,200 $1,122,000 $304,200
2018 $14,830 $1,310,000 $1,100,000 $210,000
2017 $1,257 $99,881 $33,781 $66,100
2016 $1,231 $97,923 $33,119 $64,804
2015 $1,222 $96,453 $32,622 $63,831
2014 $1,197 $94,564 $31,983 $62,581
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Deniece Watkins Smith

    Coldwell Banker Realty

    Section Image

  • M

    Buyer's Agent in 2017

    Matilde Ho

    Compass

See All Agents

Map

Source: MLSListings

MLS Number: ML81656347

MLSListings

APN: 024-147-130

California San Mateo County Millbrae 94030 Downtown Millbrae

230 Magnolia Ave, Millbrae, CA

This home is located at 230 Magnolia Ave, Millbrae, CA 94030 since 16 June 2017 and is currently estimated at $2,359,088, approximately $1,917 per square foot. This property was built in 1927. 230 Magnolia Ave is a home located in San Mateo County with nearby schools including Spring Valley Elementary School, Taylor Middle School, and Mills High School.

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