NOT LISTED FOR SALE

703 Hemlock Ave Millbrae, CA 94030

Downtown Millbrae Neighborhood

Estimated Value: $2,978,000 - $3,861,000

7 Beds
4 Baths
5,124 Sq Ft
$654/Sq Ft Est. Value

Sale Details

Date Sold: June 1, 2018

Last sale price $2,748,888 $536 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $21,474 / mo

92 Days on Market

Highlights

  • 5 Car Attached Garage
  • Secured Garage or Parking
  • Carpet
  • Taylor Middle School Rated A-
  • Forced Air Heating System

About This Home

As of June 2018

Nice well maintained corner triplex in Millbrae. Lower unit is 3bds 2 full baths, completely remodeled for owner's unit. Newer appliances. Huge master bedroom with a big walk-in closet and opens to back & side yard. Great for entertaining & BBQ. Washer & dryer in unit. Plus 2 units up with 2 bds each & full bath. Spacious living room. One unit with dining area & other with eat-in kitchen. Great home with income. Walk to El Camino Real & Safeway, shops. Close to church & schools. Minutes to bart, transportation & airport. Great location, minutes to downtown SF

Last Agent to Sell the Property

Sylvia Villanueva

Achievers Realty Group License #00868020 Listed on: 01/22/2018

Last Buyer's Agent

Sylvia Villanueva

Achievers Realty Group License #00868020 Listed on: 01/22/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 7,501

Parking

  • 5 Car Attached Garage
  • 5 Carport Spaces
  • Secured Garage or Parking

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,124 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Additional Features

  • 7,501 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $118,740

Community Details

Overview

  • 5,124 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,789
  • Utility Expense $1,020
  • Trash Expense $1,734
  • Operating Expense $16,746
  • Gross Income $116,603

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

7,501 Sq Ft Lot

Parking

5

Listing Details

  • Zoning: R1
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5124
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Living Sq Ft: 5124
  • Stories: 2
  • Security: Secured Garage / Parking
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Attached Garage
  • Carport Min: 5

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 659

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.81
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1789
  • Expense Landscape: 600
  • Expenses Total: 16746
  • Expenses Utility: 1020
  • Expense Trash: 1734
  • Income Annual Gross: 116603.00
  • Income Annual Rental: 118740
  • Income Gross Scheduled: 122740
  • Income Includes: Parking
  • Income Other: 4000
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Services - Sewer, Utilities - Water
  • Vacancy Factor: 5

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
Jan 22, 2018
Closed on
May 29, 2018
Sold by
Bought by
Seller's Agent
Sylvia Villanueva
Achievers Realty Group
Buyer's Agent
Sylvia Villanueva
Achievers Realty Group
List Price
$2,800,000
Sold Price
$2,748,888
Premium/Discount to List
-$51,112
-1.83%
Current Estimated Value
$3,348,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,987
Avg. Annual Appreciation
2.45%
Original Mortgage
$1,335,000
Interest Rate
0.0487%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2018
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
$508,387
Interest Rate
0.0432%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 10, 2011
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
$645,300
Interest Rate
0.0415%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 2005
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
$818,000
Interest Rate
0.0607%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 1996
Sold by
Bought by
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

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
$2,749,000 Chicago Title Co
$2,203,000 None Available
-- Ticor Title
-- None Available
-- None Available
-- Alliance Title Company
-- --
-- --
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 $1,740,000
Closed $1,335,000
Previous Owner $508,387
Previous Owner $645,300
Previous Owner $818,000
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
06/01/2018 06/01/18 Sold $2,748,888 -1.8% $536 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $2,800,000 0.0% $546 / Sq Ft
03/10/2018 03/10/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $2,800,000 -- $546 / 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 $38,728 $3,127,760 $1,024,044 $2,103,716
2023 $38,728 $3,006,307 $984,280 $2,022,027
2022 $33,317 $2,947,361 $964,981 $1,982,380
2021 $32,908 $2,889,570 $946,060 $1,943,510
2020 $32,367 $2,859,942 $936,360 $1,923,582
2019 $31,594 $2,803,865 $918,000 $1,885,865
2018 $12,022 $1,038,347 $314,432 $723,915
2017 $11,752 $1,017,991 $308,268 $709,723
2016 $11,604 $998,033 $302,225 $695,808
2015 $11,526 $983,044 $297,686 $685,358
2014 $8,298 $700,058 $291,855 $408,203
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sylvia Villanueva

    Achievers Realty Group

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Map

Source: MLSListings

MLS Number: ML81689827

MLSListings

APN: 021-314-120

California San Mateo County Millbrae 94030 Downtown Millbrae

703 Hemlock Ave, Millbrae, CA

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