555 Palm Avenue 307, Millbrae, California 94030, Millbrae, 94030 - 2 bed, 2 bath
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Millbrae, California 94030
This Move-in Ready Condominium is a Strong Value Opportunity, listed at $1,058,000—positioned slightly above the $1,040,671 Fair Market Value. While the price reflects its premium status, the property maintains a Condition Rating of 3, featuring modern updates and an ADA-accessible primary suite. Located in the highly rated Millbrae school district, this 1,537 sq ft residence offers a rare, spacious floor plan with access to a pool, spa, and fitness center. This is an ideal acquisition for Owner-Occupants seeking lifestyle convenience or Buy-and-Hold Investors benefiting from no rental restrictions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 Palm Avenue 307 Subject | $1,058,000* List Price | 2 | 2 | 1,537 | $677 | - |
A 555 Palm Avenue 202 Sold | $1,030,000 | 2 | 2 | 1,461 | $705 | 0.0 mi |
B 1388 Broadway 480 Sold | $948,000 | 2 | 2 | 1,061 | $893 | 0.5 mi |
C 1363 El Camino Real Sold | $865,000 | 1 | 2 | 1,440 | $601 | 0.6 mi |
D 1388 Broadway 201 Sold | $950,000 | 2 | 2 | 1,187 | $800 | 0.5 mi |
E 555 Palm Avenue 103 Active Under Contract | $1,030,000 List Price | 2 | 2 | 1,502 | $686 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1975, the unit has been beautifully updated with modern finishes and a renovated ADA-accessible bathroom. It is move-in ready and exceptionally well-maintained by the original owner, fitting the criteria for a functional, updated living space.
Ideally situated near downtown Millbrae, top-rated schools, and major transit hubs like BART and Caltrain, offering unparalleled convenience for commuters and families.
At 1,537 sq ft, this condo offers a significantly larger footprint than standard two-bedroom units, featuring an oversized primary suite and a bright, open floor plan.
The absence of rental restrictions combined with comprehensive community amenities makes this property a versatile asset for both owner-occupants and investors.
The $750 monthly association fee is a substantial recurring cost that may impact the overall affordability and budget for some prospective buyers.
Constructed in 1975, the building may require ongoing maintenance or future capital improvements to common areas and systems compared to newer developments.
First time on the market in 39 years! Lovingly maintained by the original owner, this beautifully updated 2BD/2BA condo offers 1,537 sq ft of comfortable living space in highly desirable Millbrae. Bright and spacious floor plan with elegant updates throughout, expansive living and dining areas, and plenty of room for relaxing or entertaining. Oversized primary suite features an ADA-accessible walk-in shower for added comfort and flexibility. Well-maintained community amenities include a swimming pool, hot tub, two saunas, fitness room, card room, recreation room with kitchen, additional assigned storage, and gated underground parking with a private storage closet directly in front of the deeded parking space. HOA dues include water, garbage and hot water. No rental restrictions offer excellent flexibility for owners or investors. Ideally located next to Central Park and just moments from vibrant downtown Millbrae with popular restaurants, shopping, cafes, and everyday conveniences. Excellent commuter location near Hwy 280, Hwy 101, BART, Caltrain, and SFO. Located within the highly rated Millbrae school district, this move-in ready home is a rare opportunity in one of the Peninsulas most sought-after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,537 | 1,187 | 87% |
| Lot Size | - | - | 50% |
| Price | $1.06M | $722.5K | 87% |
| Price per sq ft | $688 | $683 | 53% |
| Built year | 1975 | 1973 | 53% |
| HOA | $750.0 | $853 | 40% |
| Days on market | 12 | 121 | 7% |
May 25, 2026
$1,058,000
Initial Listing