NOT LISTED FOR SALE

28 Hazel Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,660,000 - $3,717,031

3 Beds
3 Baths
3,840 Sq Ft
$828/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $2,300,000 $599 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $19,202/month

71 Days on Market

Highlights

  • Traditional Architecture
  • 4 Car Attached Garage
  • Washer and Dryer
  • Spring Valley Elementary School Rated A-
  • Forced Air Heating System
  • 2-minute walk to Millbrae Spur Trail

About This Home

As of December 2020

LOVELY 2-STORY DUPLEX SITUATED BY THE MILLBRAE SPUR TRAIL. EACH UNIT IS 1920 SQ FT PER THE ARCHITECT 1 UNIT IS VACANT . PLANS ONLY 2-MINS DRIVING DISTANCE TO ALL THE CONVENIENCES IN DOWNTOWN MILLBRAE. EASY COMMUTE WITH QUICK ACCESS TO HIGHWAY 82 & 101. OPEN FLOOR PLAN WITH A SPACIOUS AND AIRY LIVING ROOM. LARGE WINDOWS THROUGHOUT. EACH MASTER BEDROOM HAS A PRIVATE BALCONY. EACH UNIT HAS A 2-CAR GARAGE.

Last Agent to Sell the Property

Stanley Lo

Green Banker Realty License #00874415 Listed on: 08/07/2020

Last Buyer's Agent

Maria Rhodes

DCP Realty- Coastwide Real Estate Inc. License #01481690

Property Details

Home Type

  • Multi-Family

Year Built

  • 1999

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $14,200
  • Insurance Expense $1,700
  • Maintenance Expense $100
  • Operating Expense $26,112
  • Gross Income $40,320

Property Details

Home Type

Multi-Family

Year Built

1999

Lot Details

0

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3840
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1999

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range - Electric, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3840
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, Common Parking Area

Utilities

  • Heating System: Central Forced Air, Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 54.50
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1700
  • Expense Landscape: 14200
  • Expense Maintenance: 100
  • Expenses Total: 26112
  • Income Annual Gross: 40320.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Nov 13, 2020
Sold by
Caputo Frank P and Motta Wilma
Bought by
Mai Guang Peng and Wu Huiliu
Seller's Agent
Stanley Lo
Green Banker Realty
Buyer's Agent
Maria Rhodes
DCP Realty- Coastwide Real Estate Inc.
List Price
$2,688,000
Sold Price
$2,300,000
Premium/Discount to List
-$388,000
-14.43%
Current Estimated Value
$3,178,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$878,008
Avg. Annual Appreciation
6.57%
Original Mortgage
$1,600,000
Outstanding Balance
$1,423,773
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,754,235

Purchase Details

Closed on
Jul 13, 2018
Sold by
Motta Wilma
Bought by
Motta Franklin G and Motta Wilma

Purchase Details

Closed on
Sep 10, 2009
Sold by
Caputo Maria
Bought by
Caputo Frank P and Motta Wilma

Purchase Details

Closed on
Jan 31, 2003
Sold by
Motta Wilma Caputo
Bought by
Motta Wilma Caputo

Purchase Details

Closed on
Jul 15, 1997
Sold by
Maria Caputo
Bought by
Caputo Maria

Purchase Details

Closed on
Dec 19, 1996
Sold by
Maria Caputo
Bought by
Caputo Frank P and Motta Wilma Caputo
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
Mai Guang Peng $2,300,000 Wfg National Title Ins Co
Caputo Frank P -- Wfg National Title Ins Co
Motta Franklin G -- None Available
Caputo Frank P -- None Available
Motta Wilma Caputo -- --
Caputo Maria -- --
Caputo Frank P -- --
Caputo Maria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mai Guang Peng $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $2,300,000 +0.5% $599 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/15/2020 10/15/20 Price Changed $2,288,888 -14.8% $596 / Sq Ft
08/07/2020 08/07/20 For Sale $2,688,000 -- $700 / 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 $31,216 $2,489,591 $1,190,674 $1,298,917
2023 $31,216 $2,392,920 $1,144,440 $1,248,480
2022 $26,529 $2,346,000 $1,122,000 $1,224,000
2021 $26,307 $2,300,000 $1,100,000 $1,200,000
2020 $10,351 $882,149 $329,844 $552,305
2019 $10,112 $864,853 $323,377 $541,476
2018 $9,919 $847,896 $317,037 $530,859
2017 $9,681 $831,271 $310,821 $520,450
2016 $9,558 $814,973 $304,727 $510,246
2015 $9,494 $802,732 $300,150 $502,582
2014 $9,284 $787,009 $294,271 $492,738
Source: Public Records

Agents Affiliated with this Home

  • Stanley Lo

    Seller's Agent in 2020

    Stanley Lo

    Green Banker Realty

    (650) 222-1045

    14 in this area

    385 Total Sales

    Stanley Lo
    Section Image
  • Maria Rhodes

    Buyer's Agent in 2020

    Maria Rhodes

    DCP Realty- Coastwide Real Estate Inc.

    (650) 787-4552

    18 Total Sales

    Maria Rhodes
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81805016

MLSListings

APN: 024-267-140

California San Mateo County Millbrae 94030 Highlands

28 Hazel Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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