1124 Fay Street, Redwood City, California 94061, Redwood City, 94061 - 2 bed, 1 bath
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1124 Fay Street
Redwood City, California 94061
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,260Sq Ft
5,693Lot Size
Property Price
LIST PRICE$1,550,000
EST. MARKET VALUE
$1,630,251
4% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,550,000—positioned well below the $1,630,252 Fair Market Value by 4%. This valuation gap offers $80,252 in Instant Equity for the buyer. Featuring a brand-new foundation and modern high-end finishes, the home maintains a Mint Condition Rating. While the one-bathroom layout is a consideration, the property’s proximity to downtown Redwood City and major commute routes makes it an ideal sanctuary for first-time buyers or owner-occupants seeking a move-in-ready lifestyle.
Estimated Market Value
$1,630,251+$80,251 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 Fay Street Subject | $1,550,000* List Price | 2 | 1 | 1,260 | $1,294 | - |
A 911 Vera Avenue Sold | $1,788,888 | 2 | 1 | 1,250 | $1,431 | 0.4 mi |
B 1223 Saint Francis Street Sold | $1,975,000 | 3 | 2 | 1,310 | $1,508 | 0.7 mi |
C 950 Hudson Street Sold | $1,700,000 | 3 | 2 | 1,430 | $1,189 | 0.3 mi |
D 1145 Ebener Street Sold | $1,400,000 | 3 | 2 | 990 | $1,414 | 0.1 mi |
E 1703 Roosevelt Avenue Sold | $1,905,000 | 3 | 2 | 1,382 | $1,378 | 0.7 mi |
F 798 Hudson Street Sold | $1,498,000 | 2 | 2 | 1,268 | $1,181 | 0.4 mi |
G 754 Topaz Street Sold | $1,629,000 | 3 | 2 | 1,440 | $1,131 | 1.0 mi |
H 737 Myrtle Street Pending | $1,698,000 List Price | 3 | 2 | 1,250 | $1,358 | 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.
This property has undergone a complete ground-up transformation, including a brand-new foundation and updated systems. The kitchen and bathrooms feature modern, high-end finishes and appliances, placing it in mint, turnkey condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Reconstruction
The property has been extensively reimagined from the ground up, featuring a brand-new foundation and updated systems, providing the structural confidence of a new home with classic character.
- Turnkey Modern Living
Offering a completely move-in-ready experience, the home boasts high-end finishes, a bright open floor plan, and modern aesthetics that appeal to contemporary buyer tastes.
- Prime Commuter Location
Ideally situated near downtown Redwood City, the home offers convenient access to diverse dining, shopping, and major transit routes, making it a perfect hub for Peninsula professionals.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom for a two-bedroom home, the layout may present a challenge for families or guests, potentially impacting the property's competitive edge at this price point.
- Average School Ratings
The assigned local schools currently hold mid-range ratings, which may be a drawback for education-focused buyers compared to adjacent neighborhoods with higher-rated districts.
About 1124 Fay Street
Beautifully reimagined from the ground up, 1124 Fay Street offers the comfort and confidence of a thoughtfully renewed home in a convenient Redwood City location. The extensive transformation includes a brand-new foundation along with updated finishes and systems throughout, creating a fresh, move-in-ready living experience. A bright, inviting floor plan provides comfortable spaces for everyday living and entertaining, while modern finishes bring a clean, timeless feel to the home. Conveniently located near downtown Redwood City, shopping, dining, parks, and major commute routes, this is a turnkey opportunity ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1931
- Lot Size
- 5,693 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Hawes Elementary School
Grades K-5 • 0.3 mi
4/10
Henry Ford Elementary School
Grades K-5 • 1.4 mi
5/10
Roosevelt Elementary School
Grades K-8 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,260 | 1,634 |
| Lot Size | 5,693 | 6,532.38 |
| Price | $1.55M | $2.18M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 1931 | 1951 |
| HOA | $0 | $247 |
| Days on market | 2 | 34 |
Pricing History
Listed for Sale
Sep 7, 2026
$1,550,000
Initial Listing
Sold
Nov 8, 2024
$1,100,000
Public Record