1388 Broadway 103, Millbrae, California 94030, Millbrae, 94030 - 2 bed, 2 bath
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1388 Broadway 103
Millbrae, California 94030
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,147Sq Ft
0Lot Size
Property Price
LIST PRICE$798,000
EST. MARKET VALUE
$852,443
6% BelowMARKET VALUE
SUMMARY
This Modern Condominium represents a Strong Value Opportunity, listed at $798,000—positioned well below the $852,443 Fair Market Value by 6%. This valuation gap offers $54,443 in Instant Equity for the buyer. Featuring a Good Condition Rating, the unit includes a Granite Kitchen, central HVAC, and access to a Fitness Center and Spa. Located in a prime commuter hub near Top-Rated Schools like Mills High (9/10), this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$852,443+$54,443 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Millbrae.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1388 Broadway 103 Subject 2 bd · 2 ba · 1,147 sqft · $743 | $798,000* List Price | 2 | 2 | 1,147 | $743 | - |
A 1388 Broadway 285 Sold 2 bd · 2 ba · 1,147 sqft · $765 · 0.0 mi | $877,600 | 2 | 2 | 1,147 | $765 | 0.0 mi |
B 1396 El Camino Real 108 Active 2 bd · 2 ba · 1,084 sqft · $589 · 0.1 mi | $639,000 List Price | 2 | 2 | 1,084 | $589 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2009 (17 years old), this property is well-maintained and move-in ready. The kitchen and bathrooms feature functional granite countertops and stainless steel appliances consistent with the original construction. The unit includes modern systems like central HVAC and shows no signs of significant wear, fitting the 10-20 year age criteria for Good condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Mills High School (9/10).
- Prime Commuter Location
Ideally situated in the heart of Millbrae with immediate access to BART, Caltrain, SFO, and major highways, offering unparalleled convenience for Peninsula and San Francisco commuters.
- Access to Top-Rated Schools
The property is zoned for highly-regarded schools, including Mills High School (9/10) and Green Hills Elementary (8/10), which provides significant long-term value and appeal for families.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $812 is relatively high, which increases the recurring cost of ownership and may impact the affordability for budget-conscious buyers.
- Significant Price Correction
A substantial price reduction from the original $950,000 listing to $798,000 suggests a misalignment with initial market expectations or a high level of urgency to sell.
About 1388 Broadway 103
Experience the convenience of Peninsula living at Park Broadway, a desirable gated condominium community in the heart of Millbrae. This inviting residence offers a thoughtfully designed floor plan with comfortable living spaces, an open living and dining area, and a kitchen featuring granite countertops and stainless steel appliances. The spacious primary suite provides a relaxing retreat with a walk-in closet and private bathroom, while the additional bedroom offers flexibility for guests or a home office. Enjoy the convenience of in-unit laundry, central heating and air conditioning, and secured garage parking. Park Broadway offers an array of community amenities, including a fitness center, relaxing spa, beautifully maintained courtyards, and outdoor barbecue areas. Just moments from downtown Millbrae's restaurants, cafés, shopping, and everyday conveniences, the location also provides easy access to BART, Caltrain, SFO, Highway 101, and Interstate 280. An exceptional opportunity to enjoy comfortable, low-maintenance living in one of the Peninsula's most convenient locations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2009
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $812.0 / Month
Neighborhood Insights
Millbrae Unified Schools
Green Hills Elementary School
Grades K-5 • 0.3 mi
8/10
Taylor Middle School
Grades 6-8 • 0.8 mi
6/10
Mills High School
Grades 9-12 • 1.3 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,147 | 1,043.4 |
| Lot Size | - | 780 |
| Price | $798.0K | $889.1K |
| Price per sq ft | $696 | $875 |
| Built year | 2009 | 1999 |
| HOA | $812.0 | $580 |
| Days on market | 8 | 41 |
Pricing History
Listed for Sale
Oct 17, 2026
$798,000
Initial Listing
Price Change
Oct 16, 2026
$950,000
Initial Listing
Sold
Jul 8, 2014
$715,000
Public Record
Sold
Sep 24, 2009
$552,000
Public Record