NOT LISTED FOR SALE

240 Elder Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,140,790 - $2,528,000

2 Beds
2 Baths
1,520 Sq Ft
$1,525/Sq Ft Est. Value

Last Sold June 20, 2017

Last sale price $1,468,000 $966 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $13,979/month

10 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Breakfast Area or Nook
  • Spring Valley Elementary School Rated A-
  • Den
  • 5-minute walk to Millbrae Skate Park

About This Home

As of June 2017

Wonderful curb appeal beckons you into this Spanish style 2 Beds 2 Bath home. This home features hardwood floors throughout, large sunny living room, formal dining room, two light filled bedrooms, a breakfast nook, oversize garage perfect for the person who is handy, and a bonus room which could be a great space for a home office. The back yard is large and sunny just looking for someone with a green thumb. This home is in the well sought after downtown of Millbrae. Walk to Millbrae’s lively downtown with its many restaurants, Trader Joe's, bakeries, Safeway, local library, parks and city hall. Award winning schools within walking distance. Bart and Cal train minutes away. This location is a commuter’s dream. Make this the place you call home.

Last Agent to Sell the Property

Marla Perego

Coldwell Banker Realty License #01414560 Listed on: 05/11/2017

Coldwell Banker Realty

Last Buyer's Agent

Goldie Morabito

Coldwell Banker Realty License #01402830

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 5,532 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot
  • Zoning described as R10006

Parking

  • 1 Car Attached Garage
  • Workshop in Garage

Home Design

  • Spanish Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,520 Sq Ft Home
  • Wood Burning Fireplace
  • Double Pane Windows
  • Den
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 024-137-230

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Listing Class: Residential
  • Structure Sq Ft: 1520
  • Incorporated: Yes
  • Year Built: 1929
  • Zoning Description: R10006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook
  • Kitchen: Cooktop - Gas, Countertop - Tile, Dishwasher
  • Living Sq Ft: 1520
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Office Area
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Post and Pier, Wood Frame
  • Roof: Tile
  • Yard/Grounds: Balcony / Patio
  • Fencing: Fenced Back
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage, Workshop in Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 024-137-230
  • Lot Acres: 0.1270
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5520.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5520.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2017
Closed on
Jun 13, 2017
Sold by
Tehrani Dominique and Correa Revocable Trust
Bought by
Lam Kenneth W and Koc Esther T
Seller's Agent
Marla Perego
Coldwell Banker Realty
Buyer's Agent
Goldie Morabito
Coldwell Banker Realty
List Price
$1,250,000
Sold Price
$1,468,000
Premium/Discount to List
$218,000
17.44%
Current Estimated Value
$2,318,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$850,698
Avg. Annual Appreciation
5.51%
Original Mortgage
$940,000
Outstanding Balance
$781,884
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$1,536,814

Purchase Details

Closed on
Jun 12, 2013
Sold by
Correa Anthony
Bought by
Correa Anthony

Purchase Details

Closed on
May 19, 2008
Sold by
Correa Anthony and Correa Yole
Bought by
Correa Anthony and Correa Yole

Purchase Details

Closed on
Feb 18, 2008
Sold by
Correa Anthony and Correa Yole
Bought by
Correa Anthony and Correa Yole
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
Lam Kenneth W $1,468,000 North American Title Co Inc
Correa Anthony -- None Available
Correa Anthony -- None Available
Correa Anthony -- None Available
Correa Anthony -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Kenneth W $940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2017 06/20/17 Sold $1,468,000 +17.4% $966 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $1,250,000 -- $822 / 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 $21,530 $1,850,615 $1,508,759 $341,856
2023 $21,530 $1,774,378 $1,450,173 $324,205
2022 $18,089 $1,605,470 $1,421,739 $183,731
2021 $17,883 $1,573,991 $1,393,862 $180,129
2020 $17,589 $1,557,852 $1,379,570 $178,282
2019 $17,168 $1,527,307 $1,352,520 $174,787
2018 $16,828 $1,497,360 $1,326,000 $171,360
2017 $13,844 $1,224,000 $612,000 $612,000
2016 $3,567 $299,258 $158,380 $140,878
2015 $3,544 $294,763 $156,001 $138,762
2014 $3,466 $288,990 $152,946 $136,044
Source: Public Records

Agents Affiliated with this Home

  • Marla Perego

    Seller's Agent in 2017

    Marla Perego

    Coldwell Banker Realty

    (650) 868-1266

    26 Total Sales

    Marla Perego
    Section Image

  • G

    Buyer's Agent in 2017

    Goldie Morabito

    Coldwell Banker Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81651147

MLSListings

APN: 024-137-230

California San Mateo County Millbrae 94030 Highlands

240 Elder Ave, Millbrae, CA

Not Listed for Sale

Detached

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