1022 Montgomery Street, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 3 bath
1022 Montgomery Street
San Carlos, California 94070
Property Price
SUMMARY
Analysis of 1022 Montgomery Street, San Carlos, California 94070 reveals a Fairly Priced Property with a current list price of $1,795,000 aligned with the estimated $1,832,468 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Carlos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 Montgomery Street Subject | $1,795,000* List Price | 3 | 3 | 1,360 | $1,347 | - |
A 88 Madera Avenue Sold | $1,835,000 | 3 | 3 | 1,530 | $1,199 | 1.0 mi |
B 1172 Elm Street Sold | $1,915,000 | 3 | 2 | 1,150 | $1,665 | 0.7 mi |
C 1024 Springfield Drive Active | $1,495,000 List Price | 3 | 1 | 970 | $1,541 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1945 and marketed as a 'diamond in the rough,' this property is being sold in 'as-is' condition and requires substantial rehabilitation. The interior features highly dated finishes, including wood-paneled walls, worn carpeting, and a kitchen with obsolete appliances and cabinetry. The bathrooms show significant age with dated tiling and fixtures. Given that the home has not been on the market in over 30 years, major systems such as electrical, plumbing, and HVAC likely require full replacement to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1360.
- Great Schools
Middle School: Central Middle School (9/10).
- Expansive Lot & Development Potential
The property features an extra-wide 7,500 square foot lot, providing significant space for expansion or redevelopment in a highly sought-after San Carlos neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7500, other record lot size in square feet = 5000.
- Extensive Renovation Needed
Marketed as a 'diamond in the rough' and sold in 'as-is' condition, the home requires a substantial capital investment to update its 1940s-era interior and systems.
- Dated Infrastructure
Having been off the market for over thirty years, the property likely possesses aged mechanical, electrical, and plumbing systems that may not meet modern building codes.
About 1022 Montgomery Street
DIAMOND IN THE ROUGH. First time on the market in over thirty years. This very unique home is situated on an extra wide lot of 7500 square feet. Detached two car garage with living area attached. Home has good bones but needs to be updated. POTENTIAL GALORE! To be sold AS IS! GREAT OPPORTUNITY to make this your dream home in great neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Carlos Unified Schools
Central Middle School
Grades 6-8 • 0.6 mi
Sequoia High School
Grades 9-12 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,360 | 2,020 | 15% |
| Lot Size | 7,500 | 6,631.5 | 67% |
| Price | $1.79M | $2.73M | 8% |
| Price per sq ft | $1.3K | $1.4K | 43% |
| Built year | 1945 | 1953 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 148 | 2% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,795,000
Initial Listing