231 Barclay Avenue, Millbrae, California 94030, Millbrae, 94030 - 3 bed, 2 bath
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Millbrae, California 94030
This Spanish-style residence represents a High-Potential Investment Opportunity, listed at $1,928,000—positioned well above the $1,798,213 Fair Market Value by -7%. While currently priced as a premium, the property offers significant upside through its 1,460 sqft unfinished basement, providing a rare expansion opportunity. Featuring period architectural charm, a spacious deck, and proximity to Mills High School (9/10), this home is a Condition Rating 4 asset. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to modernize a historic Millbrae property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 Barclay Avenue Subject | $1,928,000* List Price | 3 | 2 | 1,460 | $1,232 | - |
A 480 Anita Drive Sold | $1,850,000 | 3 | 1 | 1,290 | $1,434 | 0.5 mi |
B 350 Ludeman Lane Pending | $1,698,000 List Price | 3 | 2 | 1,660 | $1,023 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, this home is exceptionally well-maintained but reflects its age. While the bathroom has been 'beautifully updated,' the kitchen remains dated with older tile countertops and cabinetry likely over 20 years old. The presence of older carpets and period-specific wallpaper suggests the home is functional and move-in ready but requires modernization of major systems and surfaces to meet current standards.
High School: Mills High School (9/10).
This 1932 Spanish-style home features exquisite period details, including Juliet balconies, arched picture windows, and a curved wrought-iron staircase, offering a unique aesthetic charm that stands out in the market.
The property includes a massive unfinished basement and garage area of approximately 1,460 square feet, providing a rare opportunity to nearly double the living space and significantly increase the home's value.
As a structure built in 1932, the property may require significant capital investment to modernize original systems or address the maintenance needs associated with a near-century-old home.
With only 1,460 square feet of finished living area, the current layout may feel restrictive for modern families or buyers seeking the expansive open-concept floor plans typical of newer residences.
Built in 1932, this elevated Spanish-style home, in prime Millbrae location, blends superb, exquisite architectural charm with elegant distinctive character. Decorative wrought-iron & wood Juliet balconies, intricate motifs showcase the homes rich period details and enduring appeal. Enjoy tranquil oasis in generous beautiful, lovingly maintained landscaped gardens with mature trees, & vibrant outdoor living spaces. A spacious deck & sun-filled patio with shade pergola for relaxing & entertaining add to the pleasures of the home. Wonderful potential & exceptional opportunity await in this truly special property. A curved stairway with wrought-iron railing leads to an arched entry and inviting foyer, setting the tone for the homes timeless elegance. Gracious living room features a fireplace and stunning arched picture window, while the formal dining room is enhanced by spectacular custom arched windows that fill the space with natural light. Beautifully updated bathroom. Office/bonus room further add to the versatility of the home. Additional highlights include an approx 440-bottle wine cellar, a spacious garage/large unfinished basement, approx the same size as the homes 1,460 sf footprint, complete with additional refrigerators, a workbench, & abundant cabinetry storage.
No exterior & parking available.
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,460 | 1,760 | 27% |
| Lot Size | 5,520 | 6,454.5 | 35% |
| Price | $1.93M | $2.21M | 35% |
| Price per sq ft | $1.3K | $1.3K | 54% |
| Built year | 1932 | 1951 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 119 | 4% |
May 29, 2026
$1,928,000
Initial Listing