137 Elm Street, San Mateo, California 94401, San Mateo, 94401 - 4 bed, 3 bath
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San Mateo, California 94401
This 1907 Queen Anne Victorian serves as a rare Historical Asset and a significant Value-Add Opportunity. With a List Price of $2,175,000 and a $1,742,323 Fair Market Value, the valuation reflects its prestigious pedigree as the birthplace of Claire Giannini Hoffman and its 9,000 sqft oversized lot. The property carries a Condition Rating of 5, requiring a full-scale restoration, but the rear patio, deck, and detached carriage house offer immediate ADU potential. Situated near downtown San Mateo, this landmark estate is a high-upside acquisition for Heritage Developers or Visionary Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 Elm Street Subject | $2,175,000* List Price | 4 | 3 | 2,380 | $732 | - |
A 124 S Idaho Street Sold | $1,680,000 | 3 | 2 | 2,230 | $753 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1907, this property is explicitly marketed as a 'remodel' project. While the exterior and roof show maintenance, the interior is significantly outdated. The kitchen features cabinetry, countertops, and appliances that appear to be from a 30-50 year old renovation, and the property analysis notes risks with vintage infrastructure. Per the criteria, it requires substantial rehabilitation to meet modern standards.
This 1907 Queen Anne Victorian boasts significant historical value as the birthplace of Claire Giannini Hoffman, offering a unique 'grand estate' character and prestige that appeals to heritage enthusiasts.
The oversized 9,000 sqft lot features a detached two-car garage and original carriage house, providing an exceptional opportunity for an ADU conversion or expansion in a high-demand area.
Ideally situated in San Mateo with easy access to downtown shops, parks, and transportation, ensuring strong long-term property value and a highly walkable lifestyle.
The property is explicitly noted as needing a full remodel and upgrades, which will require a substantial additional budget and time commitment from the buyer.
Despite a newer roof and sewer lateral, a home from 1907 often harbors hidden costs related to aging electrical, plumbing, and foundation systems typical of century-old Victorian structures.
Classic 1907 Queen Anne Victorian with large open living room, kitchen/dining, separate front office, sun room and secluded yard on oversized 9,000 sqft lot. Birthplace of Claire Giannini Hoffman, daughter of A.P. Giannini, founder of Bank of Italy/BofA. Traditional bench seat entry welcomes guests to this grand estate waiting for your remodel and upgrades. Kitchen features built-in oven, dishwasher, gas range with custom hood and large walk-in pantry. Separate laundry room, hardwood floors, rear patio. Detached two car garage with original carriage house would be ideal for an ADU. Newer shingled roof and new sewer lateral. Easy access to downtown shops, parks & transportation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 2,380 | 1,325 | 88% |
| Lot Size | 9,000 | 5,521.5 | 85% |
| Price | $2.17M | $1.44M | 85% |
| Price per sq ft | $914 | $1.2K | 19% |
| Built year | 1907 | 1949 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 146 | 19% |
Mar 9, 2026
$2,175,000
$2,375,000
-8% Price Drop
Initial Listing
Feb 6, 2026
$2,375,000
Initial Listing