NOT LISTED FOR SALE

340 Elder Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,308,000 - $3,071,000

3 Beds
1 Bath
1,425 Sq Ft
$1,876/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $1,710,000 $1,200 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $16,249/month

17 Days on Market

Highlights

  • City Lights View
  • Deck
  • Formal Dining Room
  • Spring Valley Elementary School Rated A-
  • Spanish Architecture
  • Enclosed Parking

About This Home

As of March 2018

Millbrae Highlands. Trust Sale. Opportunity knocks. Spanish/Med style home built in 1930. Owned by same family for over 60 years. Needs some TLC. Opportunity of owner-occupiers, investors or contractors. Lots of natural light. Main level consists of 3-bedrooms, 1-bath, a spacious living room with fireplace, formal dining room and an eat-in kitchen. Door in kitchen leads to a deck. From deck you can enjoy the view of distant hills, fruit trees and patio. Lower level consists of garage, laundry area, 1/4 bath and partial basement. There is a separate cottage 2-room (unwarranted) with bath at the rear of yard. Walking distance to Broadway shopping, Millbrae civic centers, and schools. BART, Caltrain and freeway access nearby.

Last Agent to Sell the Property

Sandra Lopez

Tong & Associates, Mona License #01412673 Listed on: 02/04/2018

Last Buyer's Agent

Julie Zubiate

Redfin License #01977110

Redfin

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 5,401 Sq Ft Lot
  • Fenced
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Enclosed Parking

Property Views

  • City Lights
  • Hills

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof
  • Tar and Gravel Roof

Interior Spaces

  • 1,425 Sq Ft Home
  • Living Room with Fireplace
  • Formal Dining Room
  • Carpet
  • Formica Countertops
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 024108210

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Listing Class: Residential
  • Structure Sq Ft: 1425
  • Incorporated: Yes
  • Year Built: 1930
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Formica, Refrigerator
  • Living Sq Ft: 1425
  • Laundry: Gas Hookup
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar and Gravel, Tile
  • View: City Lights, Hills
  • Yard/Grounds: Deck, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Enclosed

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Regular
  • Parcel Number: 024108210
  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Multi Family

  • Utilities: Individual Electric Meters

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2020
Sold by
Sobel Jonathan Davidson and Sobel Rebecca Boston
Bought by
Sobel Jonathan Davidson and Sobel Rebecca Boston
Current Estimated Value
$2,673,456

Purchase Details

Listed on
Feb 4, 2018
Closed on
Mar 9, 2018
Sold by
Attard Carmen and Galea Veronica Ann
Bought by
Sobel Jonathan D and Sobel Rebecca B
Seller's Agent
Sandra Lopez
Tong & Associates, Mona
Buyer's Agent
Julie Zubiate
Redfin
List Price
$1,388,000
Sold Price
$1,710,000
Premium/Discount to List
$322,000
23.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%
Original Mortgage
$1,368,000
Outstanding Balance
$1,164,957
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,508,499

Purchase Details

Closed on
Jul 19, 2000
Sold by
Anthony Spiteri
Bought by
Spiteri Mary and Spiteri Anthony
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
Sobel Jonathan Davidson -- None Available
Sobel Jonathan D $1,710,000 North American Title Co
Spiteri Mary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sobel Jonathan D $1,368,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2018 03/15/18 Sold $1,710,000 +23.2% $1,200 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/04/2018 02/04/18 For Sale $1,388,000 -- $974 / 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 $26,402 $2,287,189 $1,706,742 $580,447
2023 $26,402 $2,188,132 $1,640,468 $547,664
2022 $24,159 $2,151,463 $1,608,302 $543,161
2021 $23,684 $2,091,514 $1,576,767 $514,747
2020 $20,053 $1,779,084 $1,560,600 $218,484
2019 $19,572 $1,744,200 $1,530,000 $214,200
2018 $1,481 $111,783 $34,456 $77,327
2017 $1,365 $109,592 $33,781 $75,811
2016 $1,337 $107,444 $33,119 $74,325
2015 $1,328 $105,831 $32,622 $73,209
2014 $1,301 $103,758 $31,983 $71,775
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sandra Lopez

    Tong & Associates, Mona

See All Agents

Map

Source: MLSListings

MLS Number: ML81691169

MLSListings

APN: 024-108-210

California San Mateo County Millbrae 94030 Highlands

340 Elder Ave, Millbrae, CA

Not Listed for Sale

Detached

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