Home Buying in Millbrae>Question Details

Mindy, Home Buyer in Millbrae, CA

What do you think about the newly developed condos right next to the Millbrae Pancake House?

Asked by Mindy, Millbrae, CA Thu Jun 12, 2008

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There is also another condominium project at El Camino Real and Chadbourne if condos are what you're looking for.

Just FYI: The one bedrooms are gone, per the sales office, because the city bought them to be sold as BMR (Below Market Rate) units. So if you're looking for a one bedroom, consider Wind Water Mills located on Murchison Drive. These are not as luxurious and were condo conversions, but they're right next to Mills High School and walking distance from the BART Station.

Otherwise, Mr. Jim Hargis has a great point! Is buying a condo part of your real estate strategy? Plan it well and it can be a great vehicle that can help you into a better home later on in life!

Have a great day!

Alan Tang (Realtor and Resident of Millbrae)
Web Reference: http://www.AgentAlan.com
0 votes Thank Flag Link Thu Jun 26, 2008
Hi Mindy,

While I’m not personally a fan of condos (they tend not to appreciate as fast or be as desirable as single family homes), if these condos fit into you real estate strategy, then do your due diligence and go for it. You can get more for your money in other desirable locations, and this location is on a very busy street.
Also keep in mind you should plan an “exit strategy”=selling strategy, as well as a buying strategy. For example, ask yourself: How would you market this condo to a seller? Who would be likely buyers of this condo? What are current comparable market values? Where do you see the market for this property in …years? How long would you plan to live there? What are the advanatages and disadvantages of this property? etc.

Enjoy,

Jim Hargis
Coldwell Banker-Half Moon Bay
0 votes Thank Flag Link Mon Jun 16, 2008
They look luxurious! Also, in a great city with great schools. However, they are on El Camino which can be busy. Best to get a unit facing away from that street.
0 votes Thank Flag Link Fri Jun 13, 2008
Mindy,
They will have units from 1 bedroom , 1 bathroom, 665 sq.f up to 3 bedrooms, 2 bathrooms, over 1800 sq.f. unit. You can check different floor plans at http://www.parkbroadway.com. These are nice units, but not as luxurious and conveniently located as condos in the complex next to Lucky (88 Broadway). The sale Center is already open (1301 Broadway) from Thursday until Tuesday (closed Wednesdays) from 11 AM until 6 PM. You can call them at 650.697.3388 to find out more.
Web Reference: http://www.cimpler.com
0 votes Thank Flag Link Thu Jun 12, 2008
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