1428 Gavilan Way, Millbrae, California 94030, Millbrae, 94030 - 4 bed, 2 bath
1428 Gavilan Way
Millbrae, California 94030
Property Price
SUMMARY
Analysis of 1428 Gavilan Way, Millbrae, California 94030 reveals a Fairly Priced Property with a current list price of $2,300,000 aligned with the estimated $2,300,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Millbrae Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1428 Gavilan Way Subject | $2,300,000* List Price | 4 | 2 | 2,090 | $1,100 | - |
A 30 Conejo Drive Sold | $2,675,000 | 3 | 2 | 2,010 | $1,331 | 0.3 mi |
B 864 Vista Grande Sold | $1,800,000 | 3 | 2 | 1,779 | $1,012 | 0.7 mi |
C 90 Conejo Drive Pending | $2,359,000 List Price | 4 | 2 | 1,930 | $1,222 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1964 (60 years ago) and the listing description explicitly states 'Original owner. Needs updating throughout.' While the exterior appears well-maintained, this indicates that the interior, including the kitchen and bathrooms, is likely very dated and requires significant renovation to meet current standards. Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria for an aged but maintained home requiring minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Located in the highly desirable Mills Estate area of Millbrae, offering excellent schools and convenient access to Bay Area amenities and transportation hubs.
- Generous Lot Size
The property sits on a large 7,272 sq. ft. lot, providing ample outdoor space, privacy, and potential for landscaping or future expansion.
- Spacious Floor Plan
With 2,090 sq. ft. of living space, 4 bedrooms, and 2 baths, the home offers a functional and sizable layout suitable for families.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property 'needs updating throughout,' indicating significant time, effort, and financial investment will be required to bring it to modern standards.
- Outdated Systems
Built in 1964, major systems such as electrical, plumbing, HVAC, and the roof are likely original or aged, necessitating costly upgrades or full replacement.
- High Upfront Capital Expenditure
Beyond the list price, prospective buyers must budget for substantial renovation costs, which could be a barrier for those seeking a move-in ready home.
About 1428 Gavilan Way
Comp Purpose Only. Located in the highly desirable Mills Estate area in Millbrae, this 2,090 sq. ft. home sits on a large 7,272 sq.ft.lot and features 4 bedrooms and 2 baths. Original owner. Needs updating throughout..
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 7,272 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Millbrae Unified Schools
Taylor Middle School
Grades 6-8 • 0.9 mi
Burlingame Intermediate School
Grades 6-8 • 0.9 mi
Mills High School
Grades 9-12 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,090 | 1,770 | 72% |
| Lot Size | 7,272 | 5,800 | 62% |
| Price | $2.30M | $2.15M | 59% |
| Price per sq ft | $1.1K | $1.2K | 34% |
| Built year | 1964 | 1955 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 737 | 138 | 0% |
Pricing History
Listed for Sale
Feb 29, 2024
$2,300,000
Initial Listing