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228 Valencia Drive

228 Valencia Drive, Millbrae, CA 94030
Property in Millbrae
Sold Aug 31, 2021
$2,400,000
$1,680,000 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2051
228 Valencia Drive has been categorized by the local assessors in Millbrae, CA as a residential type of property. The building on the property was first built in 1963 and is 61 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 228 Valencia Drive has 1,980 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,030 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 10,300 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 430 sqft. According to our sources, there are a total of 2 available parking spaces. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 228 Valencia Drive sold most recently in Aug 24, 2021 for a total of $2,400,000. If you work out the math, that's approximately a cost of $1,212.12 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $26,999 in taxes each year. 228 Valencia Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,400,000. If we break it down further, the land itself was valued at $1,650,000. Improvements to the property, however, were assessed at a total of $750,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 430
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,300
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,980
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MILLS ESTATE NO 24
  • Land Acres: 0.237
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 BLK 39 MILLS ESTATE NO 24 RSM 56/40 42

Ownership

  • Current Owner : WANG HONGYUAN
  • Current Owner 2: QI MENG
  • Previous Owner : SILVA SACHIKO DA
  • Previous Owner 2: THE DA SILVA TRUST
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Millbrae Elementary School District
  • Census Tract: 604900

Zoning

  • Zoning: R10006

Geography

  • Assessors Map Reference: 28-B1
  • Parcel: 024-412-150
  • Block: 39
  • Lot: 4
  • Latitude: 37.5869
  • Longitude: -122.404

    Address

  • Full Address: 228 Valencia Dr
  • Address - House Number: 228
  • Address - Street Name: Valencia
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Millbrae
  • Carrier Code: C008
  • 4-Digit Zip Code: 2857
  • Zip Code: 94030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,999
  • Tax Rate Code Area: 14-003

    Appraisal Valuation

  • Standard Deviation: 0.202
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 2,421,559
  • High Value: 2,910,836
  • Low Value: 1,932,282

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,680,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 31, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,680,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,400,000
  • Assessed Land Value: $1,650,000
  • Assessed Improvements Value: $750,000

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Transaction ID: 11856744498
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-126463

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 31, 2021
  • First Mortgage Loan Amount: $1,680,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Millbrae



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Frequently Asked Questions

What neighborhood is 228 Valencia Drive located in?
The 228 Valencia Drive is a located in the neighborhood of Millbrae in Millbrae, Millbrae.
What is the average sales price for listings in 228 Valencia Drive?
The average sales price for units in 228 Valencia Drive is $0 currently.

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