NOT LISTED FOR SALE

555 Palm Ave Unit 108 Millbrae, CA 94030

Telescope Hills Neighborhood

Estimated Value: $1,041,000 - $1,327,000

2 Beds
2 Baths
1,560 Sq Ft
0.69 Acre Lot

Sale Details

Date Sold: May 29, 2019

Last sale price $1,100,000 $705 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,929 / mo

7 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Breakfast Room
  • Spring Valley Elementary School Rated A-
  • Corner Lot
  • 1-minute walk to Central Park

About This Home

As of May 2019

Welcome to the Palm Villa, Millbraes Finest Condominium Development. This is a rare corner unit with two-bedrooms, two full bathrooms on a single level that includes a large deeded private ground level outdoor landscaped terrace area. The unit has a formal entrance with double doors, tiled entry, large living room/dining room with ceramic log gas fireplace, balcony, and wet bar. The kitchen is bright with a peninsula and dining area. The bedrooms are very generous in size. Numerous improvements were completed in the last couple of years which included: double pane windows and sliding glass doors, LED interior lighting, repainted interiors, flooring, cooktop, hood, dishwasher, trash compactor, bathroom fixtures and interior door hardware. There is a laundry room with side by side washer & dryer. Two parking spaces. Close to many conveniences including, Safeway, Trader Joes, Starbucks, numerous restaurants and other services. The Millbrae BART and Caltrain stations are one mile away.

Last Agent to Sell the Property

Raymond Marino

MW Properties, Inc. License #01980253 Listed on: 04/30/2019

Co-Listed By

Thomas Werbe

MW Properties, Inc. License #01482688

Last Buyer's Agent

Ellie Kravets

Redfin License #01816751

Range of Values:

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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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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1975

Lot Details

  • West Facing Home

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Enclosed Parking
  • Lighted Parking
  • Electric Gate
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Gas Log Fireplace
  • Separate Family Room
  • Breakfast Room
  • Dining Area
  • Storage Room

Kitchen

  • Built-In Double Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Ceramic Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa

Utilities

  • Vented Exhaust Fan
  • Baseboard Heating
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 100-440-080

Community Details

Overview

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

Recreation

  • Community Pool

Security

  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1975

Lot Details

0.69 Acres

HOA Fees

$600 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Structure Sq Ft: 1560
  • Incorporated: Yes
  • Year Built: 1975
  • Zoning Description: RM00R3
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Log
  • Dining Room: Breakfast Room, Dining Area
  • Kitchen: Cooktop - Electric, Countertop - Ceramic, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Microwave, Oven - Built-In, Oven - Double, Refrigerator, Trash Compactor
  • Living Sq Ft: 1560
  • Stories: 1
  • Security: Controlled / Secured Access, Secured Garage / Parking
  • Bedrooms: More than One Bedroom on Ground Floor
  • Laundry: Dryer, Inside, Washer
  • Flooring: Carpet, Tile, Vinyl / Linoleum, Wood
  • Additional Rooms: Laundry Room, Storage
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Primary - Stall Shower(s), Showers over Tubs - 2+
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Community Facility, Pool - In Ground, Spa - In Ground
  • Roof: Tile
  • Pool: Yes
  • Property Faces: West
  • Construction Type: Concrete, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Covered Parking, Electric Gate, Enclosed, Lighted Parking Area

Utilities

  • Heating System: Baseboard, Electric
  • Sewer/Septic System: Sewer in Street

Condo/Co-op/Association

  • HOA Fees: 600
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Fencing, Garbage, Hot Water, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Management Fee, Pool, Spa, or Tennis, Reserves, Roof, Water / Sewer
  • H O A Name Text: Palm Villa Owners Association
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Wet Bar

Lot Info

  • Parcel Number: 100-440-080

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 3
  • Minimum Building Height: 3
  • Unit Features: Corner Unit, Unit Faces Common Area

MLS Schools

  • High School District Text: San Mateo Union High

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
Apr 30, 2019
Closed on
May 21, 2019
Sold by
The Marino Living Trust
Bought by
Seller's Agent
Raymond Marino
MW Properties, Inc.
Buyer's Agent
Ellie Kravets
Redfin
List Price
$988,000
Sold Price
$1,100,000
Premium/Discount to List
$112,000
11.34%
Current Estimated Value
$1,148,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,261
Avg. Annual Appreciation
0.59%
Original Mortgage
$935,000
Outstanding Balance
$804,738
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$343,523

Purchase Details

Closed on
Dec 12, 2017
Sold by
Marino Raymond
Bought by
Marino Raymond V and Marino Laurel A
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Telescope Hills, CA

  • Tessa Mullins Real Estate Agent - Intero Real Estate Services

    Tessa Mullins

    Intero Real Estate Services

    (650) 870-9715

    25 Total Sales

    1 in Telescope Hills

    $2,450,000 Price

    Tessa Mullins
     Section Image
  • Steven Wen Real Estate Agent - Keller Williams Thrive

    Steven Wen

    Keller Williams Thrive

    (669) 279-4702

    88 Total Sales

    1 in Telescope Hills

    $2,870,000 Price

    Steven Wen
     Section Image
  • Jenn Gilson Real Estate Agent - Golden Gate Sotheby's International Realty

    Jenn Gilson

    Responds Quickly

    Golden Gate Sotheby's International Realty

    (650) 955-2883

    163 Total Sales

    1 in Telescope Hills

    $2,450,000 Price

    Jenn Gilson
     Section Image
  • Disen Cai Real Estate Agent - KW Advisors

    Disen Cai

    KW Advisors

    (650) 675-5492

    340 Total Sales

    5 in Telescope Hills

    $2.4M - $3M Price Range

    Disen Cai
     Section Image
  • Wen Guo RE Group Real Estate Agent - KW Advisors

    Wen Guo RE Group

    KW Advisors

    (650) 780-3135

    352 Total Sales

    3 in Telescope Hills

    $2.2M - $2.9M Price Range

    Wen Guo RE Group
     Section Image
  • Patty Dwyer Group Real Estate Agent - Compass

    Patty Dwyer Group

    Compass

    (650) 977-3558

    261 Total Sales

    2 in Telescope Hills

    $2,255,840 Price Range

    Patty Dwyer Group
     Section Image
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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
$1,100,000 Old Republic Title Company
Marino Raymond V -- Old Republic 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 $935,000
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
05/29/2019 05/29/19 Sold $1,100,000 +11.3% $705 / Sq Ft
05/08/2019 05/08/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $988,000 -- $633 / 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 $14,825 $1,227,066 $368,119 $858,947
2023 $14,825 $1,179,419 $353,825 $825,594
2022 $13,093 $1,156,294 $346,888 $809,406
2021 $12,944 $1,133,623 $340,087 $793,536
2020 $12,732 $1,122,000 $336,600 $785,400
2019 $11,558 $1,014,390 $301,716 $712,674
2018 $11,332 $994,500 $295,800 $698,700
2017 $1,740 $143,595 $26,809 $116,786
2016 $1,708 $140,781 $26,284 $114,497
2015 $1,696 $138,668 $25,890 $112,778
2014 $1,660 $135,952 $25,383 $110,569
Source: Public Records

Agents Affiliated with this Home

  • Raymond Marino Real Estate Agent - MW Properties, Inc.

    Seller's Agent in 2019

    Raymond Marino

    MW Properties, Inc.

    (415) 309-7179

    4 Total Sales

    Raymond Marino
    Section Image

  • TW

    Seller Co-Listing Agent in 2019

    Thomas Werbe

    MW Properties, Inc.

    Section Image

  • EK

    Buyer's Agent in 2019

    Ellie Kravets

    Redfin

  • CG

    Buyer's Agent in 2019

    Carol Giddens

    J Tidwell & Associates

See All Agents

Map

Source: MLSListings

MLS Number: ML81749529

MLSListings

APN: 100-440-080

California San Mateo County Millbrae 94030 Telescope Hills

555 Palm Ave Unit 108, Millbrae, CA

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