1428 Gavilan Way, Millbrae, California 94030, Millbrae, 94030 - 4 bed, 2 bath
ACTIVE$2,300,000
1428 Gavilan Way, Millbrae, California 94030
4Beds
2Baths
2,090Sqft
7,272Lot
Year Built
1964
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$1,100
HOA
-
Days on market
-
Sold On
-
MLS number
ML81955867
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.30M(64th), sqft - 2090(76th), beds - 4(73th), baths - 2(50th).
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..
Nearby schools
6/10
Taylor Middle School
Public,•6-8•0.9mi
8/10
Burlingame Intermediate School
Public,•6-8•0.9mi
9/10
Mills High School
Public,•9-12•0.9mi
9/10
Burlingame High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
02/29/24
Listing
$2,300,000
Condition Rating
Fair
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 Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria for an aged but maintained home requiring minor updates.
Pros & Cons
Pros
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.
Renovation Opportunity: Being an original owner home that needs updating, it presents a unique opportunity for a buyer to customize and modernize the property to their exact tastes and add significant value.
Strong Investment Potential: Given its prime location in a high-demand Bay Area market, a well-executed renovation is likely to yield substantial appreciation and return on investment.
Cons
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.