NOT LISTED FOR SALE

555 Palm Ave Unit 102 Millbrae, CA 94030

Telescope Hills Neighborhood

Estimated Value: $1,021,000 - $1,372,000

2 Beds
2 Baths
1,461 Sq Ft
0.69 Acres

Last Sold February 07, 2020

Last sale price $1,080,000 $739 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,052/month

40 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Built-In Double Oven
  • Spring Valley Elementary School Rated A-
  • Granite Countertops
  • 1-minute walk to Central Park

About This Home

As of February 2020

Located in the highly desirable lower Millbrae Highlands neighborhood, this immaculate & newly remodeled condo is in the heart of Millbrae within walking distance to park, library, shops, restaurants, TOP Millbrae schools, BART/Caltrain & easy access to freeways. This end spacious unit offers 2 BR, 2 BA,brand new hardwood floor through out, new kitchen with stainless steel appliances, updated baths with new vanities and fixtures, an in-unit laundry & a private balcony. The large living/dining room features a granite fireplace. Resort like community has a secure lobby entrance, secure parking, additional private storage space, elevators, a heated pool & hot tub, two sauna rooms, large sun terrace, a fitness & recreation room. Gas, water, hot water, garbage are included in HOA fee. Move-in ready. MUST SEE!

Last Agent to Sell the Property

Serena Lei-Ng

KW Advisors License #02060782 Listed on: 12/02/2019

KW Advisors

Last Buyer's Agent

Pamela Culp

Compass License #00896337

Property Details

Home Type

  • Condominium

Year Built

  • 1975

Lot Details

  • 0.69

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Electric Gate
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Wood Frame Construction

Interior Spaces

  • 1,461 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Laundry Room
  • Wood Flooring

Kitchen

  • Built-In Double Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Pool

  • Private Pool

Utilities

  • Vented Exhaust Fan
  • Baseboard Heating

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, exterior painting, fencing, garbage, insurance - common area, landscaping / gardening, maintenance - common area, management fee, pool spa or tennis, reserves, roof, water / sewer
  • Palm Villa Owners Association

Security

  • Controlled Access

Property Details

Home Type

Condominium

Year Built

1975

Lot Details

0

Parking

1

Listing Details

  • Zoning: RM00R3
  • Subclass: Condominium
  • Listing Class: Residential
  • Max Numberof Unitsin Building: 27
  • Structure Sq Ft: 1461
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1975

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area In Living Room
  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Built-In, Oven - Double, Trash Compactor
  • Fireplace: Yes
  • Living Sq Ft: 1461
  • Stories: 1
  • Security: Controlled / Secured Access, Secured Garage / Parking
  • Laundry: Inside
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room, Storage
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Pool Description: Yes
  • Pool: Community Facility, Pool - In Ground, Spa - In Ground
  • Construction Type: Concrete, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Covered Parking, Electric Gate, Enclosed

Utilities

  • Heating System: Baseboard
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 650
  • Association Fees Include: Common Area Electricity, Exterior Painting, Fencing, Garbage, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Management Fee, Pool, Spa, Or Tennis, Reserves, Roof, Water / Sewer
  • HOA Exist: Yes
  • H O A Name Text: Palm Villa Owners Association

Schools

  • High School: 659

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 3
  • Minimum Building Height: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Feb 6, 2020
Sold by
Yeh Jeng Rong
Bought by
Yeh Jen Rong and Yang Ching Mei
Seller's Agent
Serena Lei-Ng
KW Advisors
Buyer's Agent
Pamela Culp
Compass
List Price
$998,000
Sold Price
$1,080,000
Premium/Discount to List
$82,000
8.22%
Current Estimated Value
$1,131,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,501
Avg. Annual Appreciation
0.78%
Original Mortgage
$864,000
Outstanding Balance
$767,036
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$364,465

Purchase Details

Listed on
Dec 2, 2019
Closed on
Feb 5, 2020
Sold by
Liang Zhen Qiang and Yu Hui Yun
Bought by
Yeh Jeffrey and Yeh Jeng Rong
Seller's Agent
Serena Lei-Ng
KW Advisors
Buyer's Agent
Pamela Culp
Compass
List Price
$998,000
Sold Price
$1,080,000
Premium/Discount to List
$82,000
8.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,000
Outstanding Balance
$767,036
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$364,465

Purchase Details

Listed on
Jul 25, 2018
Closed on
Nov 8, 2018
Sold by
Dominguez Jean
Bought by
Liang Zhen Qiang and Yu Hui Yun
Seller's Agent
Brent and Stacy Mardesich
RE/MAX Santa Clara Valley
Buyer's Agent
Patrick R Smith
Keller Williams Palo Alto
List Price
$1,100,000
Sold Price
$960,000
Premium/Discount to List
-$140,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$624,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2003
Sold by
Dominguez Jean M
Bought by
Dominguez Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 1998
Sold by
Jean Dominguez
Bought by
Dominguez Jean M
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

Date Buyer Sale Price Title Company
Yeh Jen Rong -- Lawyers Title Company
Yeh Jeng Rong -- Lawyers Title Company
Yeh Jeffrey $1,080,000 Lawyers Title Company
Liang Zhen Qiang $960,000 Chicago Title Co
Dominguez Jean -- Old Republic Title Company
Dominguez Jean M -- Old Republic Title Company
Dominguez Jean M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeh Jeng Rong $864,000
Previous Owner Liang Zhen Qiang $624,000
Previous Owner Dominguez Jean M $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2020 02/07/20 Sold $1,080,000 +8.2% $739 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $998,000 +4.0% $683 / Sq Ft
11/19/2018 11/19/18 Sold $960,000 +1.1% $657 / Sq Ft View Prior Sale
10/15/2018 10/15/18 Pending -- -- --
09/19/2018 09/19/18 Price Changed $949,888 -13.6% $650 / Sq Ft
07/25/2018 07/25/18 For Sale $1,100,000 -- $753 / 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 $14,332 $1,181,133 $354,339 $826,794
2023 $14,332 $1,135,271 $340,581 $794,690
2022 $12,611 $1,113,011 $333,903 $779,108
2021 $12,468 $1,091,188 $327,356 $763,832
2020 $11,220 $979,200 $293,760 $685,440
2019 $10,956 $960,000 $288,000 $672,000
2018 $3,574 $301,113 $60,209 $240,904
2017 $3,427 $295,210 $59,029 $236,181
2016 $3,375 $289,422 $57,872 $231,550
2015 $3,352 $285,075 $57,003 $228,072
2014 $3,277 $279,492 $55,887 $223,605
Source: Public Records

Agents Affiliated with this Home

  • Serena Lei-Ng

    Seller's Agent in 2020

    Serena Lei-Ng

    KW Advisors

    (650) 627-3700

    1 in this area

    53 Total Sales

    Serena Lei-Ng
    Section Image

  • P

    Buyer's Agent in 2020

    Pamela Culp

    Compass

  • P

    Buyer's Agent in 2018

    Patrick R Smith

    Keller Williams Palo Alto

    Section Image
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Map

Source: MLSListings

MLS Number: ML81776266

MLSListings

APN: 100-440-020

California San Mateo County Millbrae 94030 Telescope Hills

555 Palm Ave Unit 102, Millbrae, CA

Not Listed for Sale

Condos

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