NOT LISTED FOR SALE

420 Palm Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,257,122 - $2,742,000

2 Beds
2 Baths
2,215 Sq Ft
$1,163/Sq Ft Est. Value

Last Sold May 28, 2014

Last sale price $1,600,000 $722 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $15,368/month

15 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Spanish Architecture
  • Spring Valley Elementary School Rated A-
  • Wood Flooring
  • 3-minute walk to Central Park

About This Home

As of May 2014

In the premier Millbrae Highlands neighborhood rests this impressive Mediterranean home. Tri-level floorplan of 2BD,2BA+ 2 Bonus rms has been beautifully updated while retaining its original features. Refinished hardwood floors, new carpeting, interior & exterior newly painted. Lower lvl flexibility of guest quarters/au paire. Deep back yard in a park-like setting. Proximity to Bart & Hwy 101.

Last Agent to Sell the Property

Joan Tosetti

Compass License #00638303 Listed on: 04/17/2014

Last Buyer's Agent

Lisa Karson

Coldwell Banker Realty License #01775831

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1931

Lot Details

  • Fenced
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Garage

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,215 Sq Ft Home
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Formal Entry
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Washer

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 024-105-150

Home Details

Home Type

Single Family

Year Built

Built in 1931

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish, Mediterranean
  • Sale Price Per Sq Ft: 722.35
  • Listing Class: Residential
  • Structure Sq Ft: 2215
  • Incorporated: Yes
  • Map Book Page: 728
  • Map Side Coordinate: 4
  • Map Top Coordinate: A
  • Thomas Bros Page: 728
  • Thomas Brothers: A4
  • Year Built: 1931
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: Formal Dining Room, Breakfast Nook
  • Stories: Tri Level
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave, Ovens - 2+, Oven - Self Cleaning, Oven - Built-In
  • Living Sq Ft: 2215
  • Laundry: Washer
  • Flooring: Hardwood - Partial, Tile, Carpet - Wall to Wall, Vinyl / Linoleum
  • Additional Rooms: Bonus / Hobby Room, Formal Entry
  • Maximum Bathrooms: 2
  • Minimum Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Tile
  • Yard/Grounds: Patio(s), Patio(s)/Deck(s) - Covered, Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinklers - Auto, Deck, Fenced
  • Exterior: Stucco

Garage/Parking

  • Garage Spaces: 1

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Lot Info

  • Parcel Number: 024-105-150
  • List Price per Sq Ft: 631.15
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5760.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5760.00
  • Lot Size Area Min Search: 5760.00
  • Maximum Lot Size: 5760.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Skylight

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2014
Closed on
May 19, 2014
Sold by
Moroney Mollie M
Bought by
Dean Lan & Cynthia W Lan Revocable Trust and Lan Cynthia W
Seller's Agent
Joan Tosetti
Compass
Buyer's Agent
Lisa Karson
Coldwell Banker Realty
List Price
$1,398,000
Sold Price
$1,600,000
Premium/Discount to List
$202,000
14.45%
Current Estimated Value
$2,575,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$975,031
Avg. Annual Appreciation
4.19%
Original Mortgage
$800,000
Outstanding Balance
$590,210
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,984,821

Purchase Details

Closed on
Mar 28, 2006
Sold by
Moroney Mollie M
Bought by
Moroney Mollie M

Purchase Details

Closed on
Apr 21, 2003
Sold by
Moroney Mollie M and Moroney Vera L
Bought by
Moroney Mollie M

Purchase Details

Closed on
Jan 7, 2000
Sold by
Chin Edward T and Chin Cheryln A
Bought by
Moroney Mollie M and Moroney Vera L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
7.12%

Purchase Details

Closed on
May 27, 1997
Sold by
Grech Karen L
Bought by
Chin Edward T and Chin Cheryln A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.25%

Purchase Details

Closed on
Dec 14, 1994
Sold by
Grech Charles S
Bought by
Grech Karen L

Purchase Details

Closed on
Aug 29, 1994
Sold by
Grech Chuck S
Bought by
Grech Karen L
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Dean Lan & Cynthia W Lan Revocable Trust $1,600,000 First American Title Company
Moroney Mollie M -- None Available
Moroney Mollie M -- North American Title Company
Moroney Mollie M $720,000 First American Title Co
Chin Edward T $450,000 Fidelity National Title Co
Grech Karen L -- --
Grech Karen L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean Lan & Cynthia W Lan Revocable Trust $800,000
Previous Owner Moroney Mollie M $576,000
Previous Owner Chin Edward T $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2014 05/28/14 Sold $1,600,000 +14.4% $722 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
04/17/2014 04/17/14 For Sale $1,398,000 -- $631 / 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 $22,526 $1,961,370 $980,685 $980,685
2023 $22,526 $1,885,208 $942,604 $942,604
2022 $20,691 $1,848,244 $924,122 $924,122
2021 $20,454 $1,812,004 $906,002 $906,002
2020 $20,115 $1,793,426 $896,713 $896,713
2019 $19,631 $1,758,262 $879,131 $879,131
2018 $19,238 $1,723,788 $861,894 $861,894
2017 $18,951 $1,689,990 $844,995 $844,995
2016 $18,713 $1,656,854 $828,427 $828,427
2015 $18,583 $1,631,968 $815,984 $815,984
2014 $10,301 $902,722 $451,361 $451,361
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Joan Tosetti

    Compass

  • L

    Buyer's Agent in 2014

    Lisa Karson

    Coldwell Banker Realty

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Map

Source: MLSListings

MLS Number: ML81412797

MLSListings

APN: 024-105-150

California San Mateo County Millbrae 94030 Highlands

420 Palm Ave, Millbrae, CA

Not Listed for Sale

Detached

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