NOT LISTED FOR SALE

555 Palm Ave Unit 309 Millbrae, CA 94030

Telescope Hills Neighborhood

Estimated Value: $869,838 - $1,001,000

2 Beds
2 Baths
1,427 Sq Ft
0.69 Acres

Last Sold May 18, 2012

Last sale price $450,000 $315 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,510/month

Highlights

  • 1 Car Attached Garage
  • Spring Valley Elementary School Rated A-
  • 1-minute walk to Central Park

About This Home

As of June 2022

Free Water, Free garbage, Free sewer, Free Parking, Free storage room, Free Amenities including swimming pool and hot tub, Gym, Sauna and card room. Landlord asks $3650/Month, 12 months lease, credit score 720+ Millbrae Prime location. Very quiet and light filled Classic 2br/2ba condo. The unit is situated on the Top floor. It is spacious, 1400+sq ft updated, newly installed hard floor throughout, New paint. Master bedroom and Mater bath including tub and separated shower room. Washer and dryer room. Large liv/Din room combo. Formal entry, kitchen with breakfast nook and a large deck looking down the Millbrae Recreational park. only 2 short blocks to City Hall and Liabrary. Walk to Trade Joe, Safeway, Living space future store, banks, post office and at least 2 dozens of restaurants, 24 hour health club. Yes, walk to Millbrae BART station or Train station, super easy access to Hwy 101 or 280, 5 minutes to SFO

Last Agent to Rent the Property

Jimmy Chen

JC Property Investment License #01146575 Listed on: 06/08/2022

Last Renter's Agent

Jimmy Chen

JC Property Investment License #01146575 Listed on: 06/08/2022

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1975

Lot Details

  • 0.69

Interior Spaces

  • 1,427 Sq Ft Home
  • 3-Story Property

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Open Parking
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient HVAC

Community Details

  • Low-Rise Condominium

Listing and Financial Details

  • Security Deposit $3,000
  • Tenant pays for electricity
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 100-400-270

Condo Details

Home Type

Condominium

Year Built

Built in 1975

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Minimum Rent Period: 12 months
  • Security Deposit: 3000
  • Smoking: No
  • Tenant Pays: Electricity

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Subtype Description: Low-Rise (1-3)
  • Stories: 3
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Square Footage: 1427.00

Exterior Features

  • Driveway Sidewalks: Gated

Garage/Parking

  • Parking Access: Independent
  • Parking Features: Attached
  • Parking Fees: No
  • Parking Type: On Site - Assigned (Condo Only)
  • Total Parking Spaces: 1.00
  • Parking Available: Yes

Lot Info

  • Assessor Parcel Number: 100-400-270
  • Lot Size Units: SqFt

Green Features

  • Energy Efficient: Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2013
Sold by
Liu Ying Bing and Yang Lin
Bought by
Liu Ying Bing and Yang Lin
Current Estimated Value
$927,460

Purchase Details

Listed on
Mar 14, 2012
Closed on
Apr 17, 2012
Sold by
U S Bank National Association
Bought by
Liu Ying Bing and Yang Lin
Seller's Agent
Maria Brooks
Homestead Realty
Buyer's Agent
Jimmy Chen
JC Property Investment
List Price
$409,900
Sold Price
$450,000
Premium/Discount to List
$40,100
9.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%

Purchase Details

Closed on
Dec 2, 2011
Sold by
Gottam Rajasekhar Reddy
Bought by
U S Bank National Association

Purchase Details

Closed on
May 24, 2005
Sold by
Gottam Krishnaveni
Bought by
Gottam Rajasekhar Reddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 13, 2005
Sold by
La Duca St John Lawrence and La Duca Bernice Ann
Bought by
Gottam Rajasekhar Reddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 15, 2004
Sold by
Laduca Lana Marie and Laduca John Lawrence
Bought by
Laduca John Lawrence and Laduca Bernice Ann

Purchase Details

Closed on
Nov 9, 2004
Sold by
Boose Stephen and Laduca Boose Nannette
Bought by
Laduca Nannette Marie

Purchase Details

Closed on
Aug 5, 2004
Sold by
Laduca Nannette Marie
Bought by
Boose Stephen and Laduca Boose Nannette

Purchase Details

Closed on
May 6, 1999
Sold by
La Duca John L Sr & B A Trs
Bought by
Laduca Lana Marie and Laduca John Lawrence

Purchase Details

Closed on
Jan 6, 1994
Sold by
Hill Sevil
Bought by
Laduca John Lawrence and Laduca Bernice Ann
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
Liu Ying Bing -- None Available
Liu Ying Bing $450,000 Chicago Title Company
U S Bank National Association $366,750 Landsafe Title
Gottam Rajasekhar Reddy -- Chicago Title Co
Gottam Rajasekhar Reddy $630,000 Chicago Title Co
Laduca John Lawrence -- --
Laduca Nannette Marie -- --
Boose Stephen -- --
Laduca Lana Marie -- --
Laduca John Lawrence $275,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gottam Rajasekhar Reddy $126,000
Previous Owner Gottam Rajasekhar Reddy $504,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2022 06/16/22 Rented $3,650 0.0% --
06/09/2022 06/09/22 Under Contract -- -- --
06/08/2022 06/08/22 For Rent $3,650 0.0% --
05/18/2012 05/18/12 Sold $450,000 +9.8% $317 / Sq Ft View Prior Sale
03/28/2012 03/28/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $409,900 -- $288 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $7,795 $565,212 $169,562 $395,650
2023 $7,795 $543,267 $162,979 $380,288
2022 $6,238 $532,616 $159,784 $372,832
2021 $6,169 $522,173 $156,651 $365,522
2020 $6,072 $516,820 $155,045 $361,775
2019 $5,932 $506,687 $152,005 $354,682
2018 $5,819 $496,753 $149,025 $347,728
2017 $5,639 $487,013 $146,103 $340,910
2016 $5,562 $477,465 $143,239 $334,226
2015 $5,525 $470,294 $141,088 $329,206
2014 $5,402 $461,083 $138,325 $322,758
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2022

    Jimmy Chen

    JC Property Investment

    Section Image

  • M

    Seller's Agent in 2012

    Maria Brooks

    Homestead Realty

    Section Image
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Map

Source: San Francisco Association of REALTORS®

MLS Number: 422667461

San Francisco Association of REALTORS®

APN: 100-440-270

California San Mateo County Millbrae 94030 Telescope Hills

555 Palm Ave Unit 309, Millbrae, CA

Not Listed for Sale

Condos

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