23 Michael Lane, Millbrae, California 94030, Millbrae, 94030 - 4 bed, 2 bath
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23 Michael Lane
Millbrae, California 94030
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,800Sq Ft
6,834Lot Size
Property Price
LIST PRICE$2,198,000
EST. MARKET VALUE
$2,322,618
5% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $2,198,000—positioned well below the $2,322,618 Fair Market Value by 5%. This valuation gap offers $124,618 in Instant Equity. Featuring a Condition Rating of 3, the home boasts European white oak floors, a chef’s kitchen, and smart-home technology. Located near top-rated schools like Mills High (9/10), this property is an ideal fit for growing families or discerning owner-occupants seeking a high-quality, turnkey lifestyle in Millbrae.
Estimated Market Value
$2,322,618+$124,618 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 |
|---|---|---|---|---|---|---|
★ 23 Michael Lane Subject 4 bd · 2 ba · 1,800 sqft · $1,290 | $2,198,000* List Price | 4 | 2 | 1,800 | $1,290 | - |
A 911 Tioga Drive Sold 4 bd · 2 ba · 1,990 sqft · $1,382 · 0.3 mi | $2,750,000 | 4 | 2 | 1,990 | $1,382 | 0.3 mi |
B 350 Ludeman Lane Sold 3 bd · 2 ba · 1,660 sqft · $1,241 · 0.3 mi | $2,060,000 | 3 | 2 | 1,660 | $1,241 | 0.3 mi |
C 525 Helen Drive Sold 3 bd · 1 ba · 1,290 sqft · $1,473 · 0.3 mi | $1,900,000 | 3 | 1 | 1,290 | $1,473 | 0.3 mi |
D 965 Helen Drive Sold 4 bd · 2 ba · 1,930 sqft · $1,051 · 0.7 mi | $2,028,000 | 4 | 2 | 1,930 | $1,051 | 0.7 mi |
E 140 Del Centro Sold 3 bd · 2 ba · 1,950 sqft · $1,159 · 0.8 mi | $2,260,000 | 3 | 2 | 1,950 | $1,159 | 0.8 mi |
F 371 Paramount Drive Sold 3 bd · 2 ba · 1,250 sqft · $1,560 · 0.4 mi | $1,950,000 | 3 | 2 | 1,250 | $1,560 | 0.4 mi |
G 380 Chadbourne Avenue Sold 4 bd · 2 ba · 1,510 sqft · $1,576 · 0.7 mi | $2,380,000 | 4 | 2 | 1,510 | $1,576 | 0.7 mi |
H 480 Anita Drive Sold 3 bd · 1 ba · 1,290 sqft · $1,434 · 0.1 mi | $1,850,000 | 3 | 1 | 1,290 | $1,434 | 0.1 mi |
I 231 Anita Drive Pending 3 bd · 2 ba · 1,540 sqft · $1,266 · 0.3 mi | $1,950,000 List Price | 3 | 2 | 1,540 | $1,266 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the home was built in 1948, it has been significantly updated. The kitchen and bathrooms reflect a high-end renovation likely performed 10-15 years ago, featuring hand-painted cabinetry and granite. Recent 'refreshed' improvements include brand new European oak floors, fresh paint, and Level 5 smooth walls. Major systems are in great shape with a 2017 roof and a new furnace and water heater, making it fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Mills High School (9/10).
- Premium Interior Finishes
The home features high-end upgrades including Level 5 smooth walls, European white oak engineered hardwood floors, and a chef’s kitchen equipped with professional-grade Sub-Zero, Miele, and Viking appliances.
- Modern Infrastructure & Tech
Significant investments in smart-home technology, Cat6 wiring, a 5.1.4 surround-sound system, and essential updates like a 2017 roof and new furnace provide modern convenience and peace of mind.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Bathroom Configuration
With only 2.25 baths for a 4-bedroom residence—one of which is a quarter bath located in the garage—the indoor bathroom ratio may be a drawback for larger families.
- Compact Square Footage
At approximately 1,800 sq ft for a 4-bedroom layout, the home may feel slightly constrained in room size or common area flow compared to modern builds at a similar price point.
About 23 Michael Lane
Set on a private street in Millbraes desirable Meadow Glen neighborhood, this refreshed 4-bedroom, 2.25-bath home offers approximately 1,800 sq ft on a 6,834 sq ft lot. Abundant natural light, Level 5 smooth walls, fresh paint, and European white oak engineered hardwood floors create a bright, inviting interior. Open living and dining areas overlook the landscaped backyard and flowering plum tree, while a 5.1.4 surround-sound system enhances movie nights. The updated kitchen features hand-painted patina cabinetry, granite countertops, a venting skylight, a bay window ideal for herbs, and Sub-Zero, Miele, and Viking appliances. Three bedrooms and an updated full bath occupy the ground floor. Upstairs, the primary suite offers a bay window with seating, updated double-pane windows, a remodeled bath, and ample built-in storage. Highlights include a new furnace and water heater, a roof replaced in 2017, smart-home features, Cat6 wiring, perimeter security cameras, and a drywalled garage with epoxy flooring and a quarter bath. The spacious backyard offers expansion or ADU potential for multigenerational living or rental use. Near shopping, schools, the Millbrae Community Center, library, and Central Park.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 6,834 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
Green Hills Elementary School
Grades K-5 • 0.3 mi
8/10
Meadows Elementary School
Grades K-5 • 0.8 mi
6/10
Taylor Middle School
Grades 6-8 • 0.3 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,800 | 1,800 |
| Lot Size | 6,834 | 6,709.35 |
| Price | $2.20M | $2.14M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 1948 | 1957 |
| HOA | $0 | $0 |
| Days on market | 9 | 30 |
Pricing History
Listed for Sale
Oct 15, 2026
$2,198,000
Initial Listing
Sold
Nov 23, 2016
$1,476,000
Public Record