NOT LISTED FOR SALE

37 Palm Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,105,000 - $2,808,000

6 Beds
3 Baths
3,432 Sq Ft
$710/Sq Ft Est. Value

Sale Details

Date Sold: May 25, 2018

Last sale price $1,928,000 $562 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $15,322 / mo

Highlights

  • 3 Car Attached Garage
  • Forced Air Heating System
  • 1-minute walk to Millbrae Spur Trail
  • Spring Valley Elementary School Rated A-

About This Home

As of May 2018

This marvelous Millbrae Triplex has much to offer, Residing in a highly coveted award winning school district. property sits on a level street, each of the units features 2 bedrooms and 1 bath. 3 individual parking garages along with the additional driveway. A level backyard in the back. two of the units are on the upper level, with the 3rd (Vacant) unit is located behind the garage on the street level, extremely close to restaurants, shops, and markets. easy access to 101, 280, BART and close SFO and San Francisco.

Last Agent to Sell the Property

Sonny Tang

BHG J.F. Finnegan Realtors License #01949981 Listed on: 05/25/2018

BHG J.F. Finnegan Realtors

Last Buyer's Agent

Sonny Tang

BHG J.F. Finnegan Realtors License #01949981 Listed on: 05/25/2018

BHG J.F. Finnegan Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Triplex
  • Reinforced Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Range Hood

Utilities

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

Listing and Financial Details

  • Total Actual Rent $64,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,000
  • Utility Expense $1,110
  • Trash Expense $3,792
  • Operating Expense $16,902
  • Gross Income $64,800

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

5,998 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R20000
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3432
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Kitchen: Hood Over Range, Oven Range
  • Living Sq Ft: 3432
  • Stories: 2

Exterior Features

  • Foundation: Reinforced Concrete
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Common Parking Area

Utilities

  • Heating System: 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: 30.09
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2000
  • Expenses Total: 16902
  • Expenses Utility: 1110
  • Expense Trash: 3792
  • Income Annual Gross: 64800.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 64800
  • Income Includes: Lease
  • Meters: Master Electric, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Loan - Mortgage, Utilities - Water
  • Tenant Expenses: Utilities - Electric

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
May 25, 2018
Closed on
May 21, 2018
Sold by
Bought by
Seller's Agent
Sonny Tang
BHG J.F. Finnegan Realtors
Buyer's Agent
Sonny Tang
BHG J.F. Finnegan Realtors
List Price
$1,950,000
Sold Price
$1,928,000
Premium/Discount to List
-$22,000
-1.13%
Current Estimated Value
$2,435,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,226
Avg. Annual Appreciation
2.95%
Original Mortgage
$1,156,800
Outstanding Balance
$1,006,587
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,428,639

Purchase Details

Listed on
May 25, 2018
Closed on
May 18, 2018
Sold by
Bought by
Seller's Agent
Sonny Tang
BHG J.F. Finnegan Realtors
Buyer's Agent
Sonny Tang
BHG J.F. Finnegan Realtors
List Price
$1,950,000
Sold Price
$1,928,000
Premium/Discount to List
-$22,000
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,156,800
Outstanding Balance
$1,006,587
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,428,639

Purchase Details

Closed on
Mar 24, 2017
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 2010
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
$645,000
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2007
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
$975,000
Interest Rate
6.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 13, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 1996
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
$269,500
Interest Rate
4.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
-- Chicago Title Co
$1,928,000 Chicago Title Co
-- None Available
$950,000 First American Title Company
$1,500,000 Fidelity National Title Co
-- None Available
$385,000 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 $1,156,800
Previous Owner $645,000
Previous Owner $975,000
Previous Owner $269,500
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 Prior Sale
05/25/2018 05/25/18 Sold $1,928,000 0.0% $562 / Sq Ft View Prior Sale
05/25/2018 05/25/18 Sold $1,928,000 -1.1% $562 / Sq Ft
05/25/2018 05/25/18 For Sale $1,950,000 +1.1% $568 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
04/24/2018 04/24/18 For Sale $1,928,000 -- $562 / 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 $28,789 $2,193,731 $1,137,827 $1,055,904
2023 $27,584 $2,108,547 $1,093,645 $1,014,902
2022 $23,533 $2,067,203 $1,072,201 $995,002
2021 $23,269 $2,026,671 $1,051,178 $975,493
2020 $22,890 $2,005,891 $1,040,400 $965,491
2019 $22,347 $1,966,560 $1,020,000 $946,560
2018 $12,491 $1,077,728 $538,864 $538,864
2017 $12,215 $1,056,598 $528,299 $528,299
2016 $12,061 $1,035,882 $517,941 $517,941
2015 $11,980 $1,020,324 $510,162 $510,162
2014 $11,713 $1,000,338 $500,169 $500,169
Source: Public Records

Agents Affiliated with this Home

  • Sonny Tang

    Seller's Agent in 2018

    Sonny Tang

    Corcoran Icon Properties

    (415) 606-8677

    1 in this area

    65 Total Sales

    Sonny Tang
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Map

Source: MLSListings

MLS Number: ML81707134

MLSListings

APN: 024-267-070

California San Mateo County Millbrae 94030 Highlands

37 Palm Ave, Millbrae, CA

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