1024 Springfield Drive, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 1 bath
1024 Springfield Drive
San Carlos, California 94070
Property Price
SUMMARY
Analysis of 1024 Springfield Drive, San Carlos, California 94070 reveals a Fairly Priced Property with a current list price of $1,495,000 aligned with the estimated $1,495,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1024 Springfield Drive Subject | $1,495,000* List Price | 3 | 1 | 970 | $1,541 | - |
A 1172 Elm Street Sold | $1,915,000 | 3 | 2 | 1,150 | $1,665 | 1.0 mi |
B 1968 Arroyo Avenue Sold | $1,930,000 | 2 | 1 | 1,080 | $1,787 | 1.0 mi |
C 1023 Springfield Drive Sold | $1,467,000 | 2 | 1 | 820 | $1,789 | 0.0 mi |
D 1621 Brittan Avenue Sold | $1,850,000 | 3 | 2 | 1,270 | $1,457 | 1.0 mi |
E 1020 Inverness Drive Pending | $1,175,000 List Price | 2 | 1 | 820 | $1,433 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1948, has received recent cosmetic updates including new flooring, carpet, fresh paint, and new kitchen appliances (stove and refrigerator). The kitchen and bathroom appear clean and functional with updated fixtures and vanity, making the interior move-in ready. However, the significant age of the home (76 years old) suggests that major underlying systems (plumbing, electrical, roof) may be original or outdated, even if currently functional. Crucially, the description explicitly states an 'extra large detached (but run down) garage,' indicating a significant area of deferred maintenance or required rehabilitation. While the interior is cosmetically refreshed, the overall age and the condition of the garage prevent it from being classified as 'Good' or 'Excellent.' It fits the 'Fair' criteria of being aged but maintained through occasional updates, likely requiring further minor updates or repairs, especially concerning the garage and potential major system upgrades due to its age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Community
Located in a 'fantastic neighborhood' within 'lovely San Carlos,' known for its friendly community, excellent amenities, and desirable San Carlos Elementary School District, offering strong long-term value.
- Significant Expansion Potential
The 5,000 sq ft lot and the explicit mention that 'most homes in this neighborhood have been expanded' highlight a clear opportunity for buyers to add square footage and value in the future.
- Recent Cosmetic & Appliance Updates
Features new flooring, carpet, fresh paint, and new kitchen appliances (stove and refrigerator), providing a clean, updated, and move-in ready interior.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The property features only one bathroom for three bedrooms, which is a significant functional limitation for modern living and may necessitate future expansion or renovation.
- Compact Interior Footprint
At 970 sq ft, the home's interior is relatively small, which might not meet the space requirements of all potential buyers, especially given the price point in San Carlos.
- Deteriorated Detached Garage
The 'run down' condition of the extra-large detached garage, despite its potential, represents an immediate capital expenditure for renovation or demolition.
About 1024 Springfield Drive
Welcome to this charming 3-bedroom, 1-bathroom home located in lovely San Carlos. 970 sq ft home on a 5000 sq ft lot. Kitchen has new stove and refrigerator. The home is equipped with central forced air heating powered by gas, ensuring comfort during cooler months. The living room has a fireplace, creating a warm and welcoming atmosphere. This home features ample natural light and comfortable living spaces. New flooring and carpet and fresh paint. For your convenience, there is a dedicated laundry area inside the home. The property has a extra large detached (but run down) garage with lots of possibilities. There is a spacious backyard. Most of the homes in this neighborhood have been expanded. This is a starter home in a fantastic neighborhood. Situated in the San Carlos Elementary School District, this property is ideally located. Enjoy all the benefits of living in San Carlos, with its friendly community and excellent amenities. Don't miss the opportunity to make this delightful house your new home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 • 0.7 mi
Sequoia High School
Grades 9-12 • 2.1 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 | 1.0 | 3.0 | 12% |
| Square foot | 970 | 2,020 | 3% |
| Lot Size | 5,000 | 6,408 | 15% |
| Price | $1.50M | $2.73M | 2% |
| Price per sq ft | $1.5K | $1.4K | 75% |
| Built year | 1948 | 1953 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 390 | 149 | 0% |
Pricing History
Listed for Sale
Feb 10, 2025
$1,495,000
Initial Listing