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Property Q&A in Millbrae : Real Estate Advice

  • All40
  • Local Info3
  • Home Buying21
  • Home Selling1
  • Market Conditions3

Activity 13
Sat Mar 24, 2012
Buyer94030 asked:
Even if the seller agrees with paying for the repair, what is our impact toward the house in the future? This is house will be our first and we are afraid to go wrong.
0 votes 0 Answers Share Flag
Tue Jun 14, 2011
Yu Lam answered:

The house is now in contract.
There are some other houses available in that area.
Check out the listings on my website


0 votes 2 answers Share Flag
Wed Mar 23, 2011
Moises Pelayo answered:
Brannon, the condition of the property and its attributes do have weight on its value. Over the last few months properties in the Meadows have sold between the mid to high $700K. If you would like to see some of the comparables in the area, just give me a call at 650 333 0207 or send me an email at so that we can set up an appointment to meet somewhere and discuss activity in the areas that interest you the most. I hope this helps answer your question. Good luck. ... more
0 votes 1 answer Share Flag
Sun Mar 13, 2011
Jerry Current answered:
I think what you're referring to is the $250K/$500K capital gains tax exemption for the sale of one's primary residence. One can claim this every two years, must have lived in the property as their primary residence for the past two years, or two of the past 5 years. ... more
0 votes 1 answer Share Flag
Sun Mar 13, 2011
Carolyn Shade answered:
The home puchased must be of lesser or equal value and must be purchased within tow years. There are now only 7 counties who participate in prop 90:
1. Alameda;
2. Los Angeles;
3. Orange;
4. San Diego;
5. San Mateo;
6. Santa Clara; and
7. Ventura
I have made a request for clarification because i am not sure that both counties have to be part of the program for the transfer to work. San Mateo County would take the transfer if both counties participated. I do not know for sure if both have to be participants. I will get back to this forum when I have the answer .
... more
0 votes 2 answers Share Flag
Sun Mar 13, 2011
Arn Cenedella answered:

The amounts you mention are for the sale of a personal residence ONLY.
These are NOT tax credits!
These are the amounts that are excluded from capital gain taxes when a persona residence is sold.
The first $250,000 of "profit" or "capital gain" is NOT taxable for a single person.
The first $500,000 of "profit" or "capital gain" is not taxable for a married couple.
So one would NOT pay income tax on these amounts as these amounts are EXCLUDED from income tax, this is different than a tax credit.

This is a federal tax law that applies everywhere in the US.
The State of CA recognizes this exclusion too.

Hope this helps.
... more
0 votes 1 answer Share Flag
Mon Mar 7, 2011
Neverland answered:
Thanks for the answer. The bank already accepted the offer. The lender needs an addendum in order to give me the rate for residency. My agent keeps telling me not to make any changes otherwise the bank could reject my addendum. So i am not sure if I should ask my agent to make the changes? ... more
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Sun Nov 7, 2010
Daniel Berman answered:
Becky, when you click on the link, to the left of the address, there is a small box with the words "OFF MARKET" inside (not very conspicuous, so easy to miss).

If you mouse over that box, you will see this verbiage: "This property was previously listed for sale on Trulia. The listing may have been withdrawn or the property may have sold but Trulia has not received a record of the sale or details of the transaction from available public records."

I don't see anything currently available for sale on the MLS (Multiple Listing Service) at 88 South Broadway.

If you are interested in purchasing a unit at this address or something similar, feel free to drop me a line and we can discuss.


Daniel Berman, Broker
Pacific Century Realty
Buyer Rebates to 50%
Multilingual Services
Listing Commissions as Low as 1%
... more
0 votes 1 answer Share Flag
Wed May 12, 2010
William Scherpf asked:
This question is about this property:
0 votes 0 Answers Share Flag
Thu Mar 18, 2010
The Laugesen Team answered:
Dear Chia,

This home has actually went pending on February 24th, but will still except offers. Since iit is a short sale it may take a long time before they know if the offer is accepted or not. In these type of sales, it is very common that it would be fall through. The listing price is $699,000. If you have any further questions, please feel free to contact me anytime.

Have a great day!!!

Cortney Laugesen
Cashin Company
Direct: 650-403-6226
Cell: 650-678-5084
DRE # 1859860
... more
0 votes 1 answer Share Flag
Mon Aug 31, 2009
Jeff Tung answered:
Hi Leah,

The home that is of interest to you seems to be in a pre-forclosure situation. It's probably not on the market yet. There are other homes for sale in Millbrae, however they are a lot more in price. Please let me know if you're interested in receiving information about other homes that are for sale in the area . ... more
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Wed Jun 3, 2009
Gene Yakubovich answered:
Last time this proeprty was sold 6/26/1969 for Sale Price: $75,000
The house at 10 Corte Del Sol is pending sale for $ 1,008,000

0 votes 1 answer Share Flag
Sun Oct 26, 2008
Alan Tang answered:
Hi Carlo,

That would be the Millbrae Elementary School District and the San Mateo High School District.

Should you have any questions or concerns, don't hesitate to call!

Alan Tang, CRS, GRI, Realtor ... more
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Property Q&A in Millbrae Zip Codes