NOT LISTED FOR SALE

Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,997,000 - $3,712,820

6 Beds
4 Baths
3,616 Sq Ft
$922/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $2,930,000 $810 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $20,463/month

8 Days on Market

Highlights

  • No HOA
  • Landscaped
  • 2-minute walk to Millbrae Spur Trail
  • Spring Valley Elementary School Rated A-
  • Central Heating

About This Home

As of August 2022

Amazing duplex opportunity in the heart of Millbrae! Ideal combination residence unit and rental income unit located on two separate floors. Conveniently located adjacent to Mills High School, and within easy walking distance to top rated elementary and middle schools, downtown Millbrae with a wide selection of restaurants, supermarkets, retailers, banks, parks, and to the intermodal BART, CalTrain and bus station located nearby. Near immediate access to SFO, and to highways 101 and 280. Both units have 3 bedrooms and 2 full baths. Lower unit is remodeled with two car garage and secluded backyard and is move-in ready. Upper unit is spacious, has a large front balcony, and is occupied with long term tenants currently paying monthly rent of $4,150.00.

Last Agent to Sell the Property

Pom Sungkaratana

Windermere Signature Properties Natomas License #02144148 Listed on: 07/21/2022

Windermere Signature Properties Natomas

Last Buyer's Agent

Jimmy Lam

Coldwell Banker Infiniti Group License #DRE #01922199

Coldwell Banker Infiniti Group

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,000 Sq Ft Lot
  • Landscaped

Home Design

  • Duplex
  • Concrete Foundation
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Elastomeric Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Carbon Monoxide Detectors
  • Washer and Dryer Hookup

Utilities

  • No Cooling
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 024-267-130

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Net Operating Income $49,800

Security

  • Building Fire Alarm

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: Duplex
  • Stories: 2
  • Levels: Two
  • Stories: 2
  • Number of Three Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Stucco, Frame, Concrete
  • Foundation: Concrete, Raised, Slab
  • Listing Price: 2695000.00
  • Lot Features: Sidewalk, Landscape Back
  • Roof: Shingle, Elastomeric

Utilities

  • Security: Fire Alarm, Carbon Mon Detector
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: None
  • Heating: Central
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public, Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: San Mateo Union High

Lot Info

  • Zoning Description: R20000
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000.00

Rental Info

  • Owner Occupied Units: 1

Multi Family

  • Number of Leased Units: 1
  • Number of Units: 2
  • Units Furnished: None
  • Three Bedrooms Occupied: 1

Tax Info

  • Assessor Parcel Number: 024-267-130

MLS Schools

  • School District (County): San Mateo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2023
Sold by
Hazel Millbrae Llc
Bought by
Joyce Nga Fai Tso Revocable Living Trust
Current Estimated Value
$3,334,955

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 18, 2022
Sold by
Kremer Family Revocable Trust
Bought by
Hazel Millbrae Llc
Seller's Agent
Pom Sungkaratana
Windermere Signature Properties Natomas
Buyer's Agent
Jimmy Lam
Coldwell Banker Infiniti Group
List Price
$2,695,000
Sold Price
$2,930,000
Premium/Discount to List
$235,000
8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$1,740,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2022
Sold by
Kremer Steven G and Kremer Aomsub
Bought by
Kremer Family Revocable Trust

Purchase Details

Closed on
Jun 28, 1995
Sold by
Ahl Maureen A and Carry Bing
Bought by
Kremer Steven G and Kremer Aomsub S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,375
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 1995
Sold by
Ahl John P
Bought by
Ahl John P and Ahl Maureen A

Purchase Details

Closed on
Dec 2, 1994
Sold by
Ahl Maureen A
Bought by
Ahl John P and Ahl Maureen A

Purchase Details

Closed on
Jun 17, 1994
Sold by
Ahl John P
Bought by
Ahl John P

Purchase Details

Closed on
Nov 2, 1993
Sold by
Ahl John P
Bought by
Ahl John P and Ahl Maureen A

Purchase Details

Closed on
Jun 30, 1993
Sold by
Ahl John P
Bought by
Ahl John P
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
Joyce Nga Fai Tso Revocable Living Trust -- Fidelity National Title Compan
Hazel Millbrae Llc $2,930,000 --
Kremer Family Revocable Trust -- None Listed On Document
Kremer Steven G -- None Listed On Document
Kremer Steven G $511,818 First American Title Company
Ahl John P -- --
Ahl John P -- --
Ahl John P -- --
Ahl John P -- --
Ahl John P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hazel Millbrae Llc $1,740,000
Previous Owner Kremer Steven G $384,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $2,930,000 +8.7% $810 / Sq Ft
07/21/2022 07/21/22 For Sale $2,695,000 -- $745 / Sq Ft
Source: MetroList

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 $36,501 $3,048,372 $1,820,700 $1,227,672
2023 $36,501 $2,930,000 $1,750,000 $1,180,000
2022 $9,369 $802,276 $240,676 $561,600
2021 $9,265 $786,546 $235,957 $550,589
2020 $9,119 $778,482 $233,538 $544,944
2019 $8,909 $763,218 $228,959 $534,259
2018 $8,738 $748,254 $224,470 $523,784
2017 $8,516 $733,583 $220,069 $513,514
2016 $8,405 $719,200 $215,754 $503,446
2015 $8,349 $708,398 $212,514 $495,884
2014 $8,164 $694,523 $208,352 $486,171
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Pom Sungkaratana

    Windermere Signature Properties Natomas

    Section Image
  • Jimmy Lam

    Buyer's Agent in 2022

    Jimmy Lam

    Coldwell Banker Infiniti Group

    (415) 862-8888

    1 in this area

    46 Total Sales

    Jimmy Lam
    Section Image

  • H

    Buyer's Agent in 2022

    Herminia Dela Cruz

    CA-RES

    Section Image
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Source: MetroList

MLS Number: 422680804

MetroList

APN: 024-267-130

California San Mateo County Millbrae 94030

Highlands

Not Listed for Sale

MultiFamily

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