1038 Holly Street, San Carlos, California 94070, San Carlos, 94070 - 4 bed, 4 bath
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1038 Holly Street
San Carlos, California 94070
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,325Sq Ft
9,723Lot Size
Property Price
LIST PRICE$2,488,800
EST. MARKET VALUE
$2,678,272
7% BelowMARKET VALUE
SUMMARY
This Dual-Residence Property is a Strong Value Opportunity, listed at $2,488,800—positioned well below the $2,678,272 Fair Market Value by 7%. This valuation gap offers $189,472 in Instant Equity. Featuring an Excellent Condition Rating with a modern 2018 rear unit and a charming, updated front home, the property includes a swimming pool and large 9,723 sq ft lot. Located near top-rated schools and downtown, it is an ideal acquisition for multi-generational families or savvy investors seeking rental income.
Estimated Market Value
$2,678,272+$189,472 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Carlos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1038 Holly Street Subject 4 bd · 4 ba · 2,325 sqft · $1,152 | $2,488,800* List Price | 4 | 4 | 2,325 | $1,152 | - |
A 875 Buckland Avenue Sold 4 bd · 3 ba · 2,223 sqft · $1,372 · 0.9 mi | $3,050,000 | 4 | 3 | 2,223 | $1,372 | 0.9 mi |
B 205 Hillcrest Road Sold 5 bd · 3 ba · 3,148 sqft · $921 · 0.6 mi | $2,900,000 | 5 | 3 | 3,148 | $921 | 0.6 mi |
C 515 Prospect Street Pending 4 bd · 3 ba · 2,630 sqft · $1,102 · 0.5 mi | $2,899,500 List Price | 4 | 3 | 2,630 | $1,102 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a rear residence completed in 2018 (6 years old) and a front residence that has been extensively modernized. Both kitchens are updated with quartz countertops and stainless steel appliances. The presence of modern mini-split HVAC systems, updated flooring, and mint-condition interiors across both units meets the criteria for excellent condition with no deferred maintenance.
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 = 9723, living area = 2325.
- Great Schools
Middle School: Central Middle School (9/10).
- Dual-Residence Versatility
The nearly 10,000 sq ft lot features two separate homes, providing rare flexibility for multi-generational living, guest accommodations, or significant rental income potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Covered Parking
With only a detached 1-car garage for two separate residences, the property may lack sufficient protected parking for multiple households.
- Structural Age Disparity
The front residence dates back to 1940, which may necessitate more frequent maintenance or system upgrades compared to the modern 2018 rear unit.
About 1038 Holly Street
A unique opportunity in San Carlos on a nearly 10,000 sq ft lot with two separate homes, offering exceptional flexibility for multi-generational living, rental income, guests, or a private home office setup. The standout rear residence, completed in 2018, features 2 bedrooms and 2 full baths with a bright, open-concept great room and modern kitchen with quartz countertops, stainless steel appliances, generous cabinetry, and excellent natural light. The primary suite includes a beautifully finished bath, while the great room creates a spacious setting for everyday living and entertaining. The front residence offers old world charm featuring 2 bedrooms, 2 full baths, vaulted ceilings, a stone fireplace, and an updated kitchen with quartz countertops. Outdoors, the expansive lot features a swimming pool, multiple areas for entertaining and recreation, a detached 1-car garage, and plenty of off-street parking. Enjoy top-rated San Carlos schools, including coveted Carlmont High School, plus a short stroll to Downtown San Carlos with fine dining, shops, coffee houses & Caltrain - combining neighborhood convenience with easy access throughout the Peninsula and Silicon Valley.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 9,723 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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
9/10
Sequoia High School
Grades 9-12 • 2.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 4.0 | 2.4 |
| Square foot | 2,325 | 1,969.244 |
| Lot Size | 9,723 | 6,204.537 |
| Price | $2.49M | $2.53M |
| Price per sq ft | $1.1K | $1.5K |
| Built year | 1940 | 1952 |
| HOA | $0 | $0 |
| Days on market | 8 | 31 |
Pricing History
Listed for Sale
Oct 16, 2026
$2,488,800
Initial Listing
Sold
Mar 30, 2007
$699,000
Public Record