NOT LISTED FOR SALE

308 Vallejo Dr Millbrae, CA 94030

Mills Estates Neighborhood

Estimated Value: $2,182,000 - $3,411,625

5 Beds
4 Baths
3,848 Sq Ft
$689/Sq Ft Est. Value

Sale Details

Date Sold: November 5, 2024

Last sale price $2,300,000 $598 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $16,667 / mo

81 Days on Market

Highlights

  • 3 Car Attached Garage
  • Spring Valley Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2024

Just reduced $100,000. Rare bay view duplex in Millbrae. Live in one and rent the other. Upper unit with 2 bedrooms, 2 bathrooms. Lower unit features huge living room dining room combination, 3 bedrooms, 2 bathrooms, 2 car garage and direct yard access. Location provides quick access to transportation and HWY 280.

Last Agent to Sell the Property

Michael Kenny

Kenny Realty License #00458981 Listed on: 07/24/2024

Co-Listed By

Evan Godfrey

Kenny Realty License #01954828

Last Buyer's Agent

George Lai

Far East Realty License #00986068

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 6,957

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,848 Sq Ft Home
  • 2-Story Property

Additional Features

  • 6,957 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $78,512

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $200
  • Insurance Expense $3,666
  • Maintenance Expense $3,200
  • Manager Expense $1,125
  • Operating Expense $35,541
  • Gross Income $76,942

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

6,957 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3848
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 3848
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Rolled Composition

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1597
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6958.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6958.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 30.57
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3666
  • Expense Landscape: 200
  • Expense Maintenance: 3200
  • Expense Management: 1125
  • Expenses Total: 35541
  • Income Annual Gross: 76942.00
  • Income Annual Rental: 78512
  • Income Gross Scheduled: 78512
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Oct 29, 2024
Sold by
Bought by
Seller's Agent
Michael Kenny
Kenny Realty
Buyer's Agent
George Lai
Far East Realty
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%
Views
52
Current Estimated Value
$2,651,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,156
Avg. Annual Appreciation
9.11%
Original Mortgage
$900,000
Outstanding Balance
$884,406
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$1,766,750

Purchase Details

Closed on
Mar 23, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,300,000 Chicago Title Company
$2,300,000 Chicago Title Company
-- Accommodation
-- Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $900,000
Closed $900,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/05/2024 11/05/24 Sold $2,300,000 -4.2% $598 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/30/2024 09/30/24 Price Changed $2,400,000 -4.0% $624 / Sq Ft
09/30/2024 09/30/24 For Sale $2,500,000 0.0% $650 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $2,500,000 -- $650 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $28,159 $2,300,000 $1,630,000 $670,000
2023 $28,159 $2,193,000 $1,224,000 $969,000
2022 $3,011 $230,297 $57,740 $172,557
2021 $2,980 $225,782 $56,608 $169,174
2020 $2,939 $223,468 $56,028 $167,440
2019 $2,878 $219,087 $54,930 $164,157
2018 $2,830 $214,792 $53,853 $160,939
2017 $2,696 $210,582 $52,798 $157,784
2016 $2,655 $206,454 $51,763 $154,691
2015 $2,639 $203,354 $50,986 $152,368
2014 $2,586 $199,372 $49,988 $149,384
Source: Public Records

Agents Affiliated with this Home

  • Michael Kenny

    Seller's Agent in 2024

    Michael Kenny

    Kenny Realty

    (650) 400-0393

    1 in this area

    85 Total Sales

    Michael Kenny
    Section Image
  • Evan Godfrey

    Seller Co-Listing Agent in 2024

    Evan Godfrey

    Kenny Realty

    (415) 309-7738

    1 in this area

    71 Total Sales

    Evan Godfrey
    Section Image

  • G

    Buyer's Agent in 2024

    George Lai

    Far East Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81974331

MLSListings

APN: 024-220-180

California San Mateo County Millbrae 94030 Mills Estates

308 Vallejo Dr, Millbrae, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2026 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.