1428 Gavilan Way, Millbrae, California 94030, Millbrae, 94030 - 4 bed, 2 bath
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Millbrae, California 94030
This Mills Estate Value-Add Asset is listed at $2,300,000, representing a stable acquisition near its $2,216,613 Fair Market Value. Boasting a functional 4-bedroom floor plan on a 7,272 sq. ft. lot, the property holds a Condition Rating of 4, requiring a comprehensive interior update to reach its full valuation potential. Situated near Top-Rated Schools like Mills High (9/10), this original-owner home provides a clear path for forced appreciation and high ROI. It is a premier opportunity for Value-Add Investors or Owner-Occupants.
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 | $1,061 | - |
A 40 Corte Del Sol Sold | $2,000,000 | 3 | 3 | 1,730 | $1,156 | 0.8 mi |
B 864 Vista Grande Sold | $1,800,000 | 3 | 2 | 1,779 | $1,012 | 0.7 mi |
C 2 Corte Camellia Active | $2,195,000 List Price | 4 | 3 | 2,299 | $955 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
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 Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria for an aged but maintained home requiring minor updates.
Located in the highly desirable Mills Estate area of Millbrae, offering excellent schools and convenient access to Bay Area amenities and transportation hubs.
The property sits on a large 7,272 sq. ft. lot, providing ample outdoor space, privacy, and potential for landscaping or future expansion.
With 2,090 sq. ft. of living space, 4 bedrooms, and 2 baths, the home offers a functional and sizable layout suitable for families.
The property 'needs updating throughout,' indicating significant time, effort, and financial investment will be required to bring it to modern standards.
Built in 1964, major systems such as electrical, plumbing, HVAC, and the roof are likely original or aged, necessitating costly upgrades or full replacement.
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.
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..
No exterior & parking available.
Grades 6-8 • 0.9 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,090 | 1,760 | 68% |
| Lot Size | 7,272 | 6,368 | 58% |
| Price | $2.30M | $2.20M | 61% |
| Price per sq ft | $1.1K | $1.2K | 32% |
| Built year | 1964 | 1951 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 783 | 121 | 0% |
Feb 29, 2024
$2,300,000
Initial Listing