143 Bonita Avenue, Redwood City, California 94061, Redwood City, 94061 - 2 bed, 1 bath
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Redwood City, California 94061
This property presents a Strong Value Opportunity with a List Price of $1,688,000—positioned well below the $1,785,249 Fair Market Value by 5%. This valuation gap offers $97,249 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home retains vintage 1948 character, including a spacious 7,452 sqft lot and private patio, providing significant potential for expansion or a modern rebuild. Ideally located near Caltrain and top-rated schools, this is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 143 Bonita Avenue Subject | $1,688,000* List Price | 2 | 1 | 1,490 | $1,198 | - |
A 798 Hudson Street Sold | $1,498,000 | 2 | 2 | 1,268 | $1,181 | 1.0 mi |
B 204 Park Street Sold | $1,675,000 | 4 | 2 | 1,450 | $1,155 | 0.3 mi |
C 936 Iris Street Sold | $1,500,000 | 2 | 1 | 1,120 | $1,339 | 0.9 mi |
D 255 E Oakwood Boulevard Sold | $2,175,000 | 3 | 2 | 1,880 | $1,157 | 0.2 mi |
E 1023 Roosevelt Avenue Sold | $2,120,000 | 3 | 3 | 1,766 | $1,200 | 0.8 mi |
F 1585 Union Avenue Active | $1,698,000 List Price | 2 | 2 | 1,630 | $1,042 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, the home retains original vintage character including wood-pane windows and a dated kitchen with older appliances. While clean and well-maintained, the property is over 20 years old without a recent major renovation, and the listing explicitly suggests it as an opportunity to remodel or build new.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7452, living area = 1490.
The generous 7,500 square foot lot provides significant space for expansion, ADU construction, or a complete rebuild in a high-demand Redwood City neighborhood.
Ideally situated near vibrant downtown Redwood City, Caltrain, and major commute routes, offering exceptional convenience for Silicon Valley professionals.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Positioned as a restoration or rebuild opportunity, the property likely requires substantial capital investment to update its 1948 systems and finishes to modern standards.
With only two bedrooms and a single bathroom, the current configuration may be restrictive for many buyers at this price point unless they intend to expand the footprint immediately.
Timeless charm and endless potential on an expansive approximately 7,500 square foot lot in one of Redwood City's most desirable neighborhoods. This classic home showcases vintage character with hardwood floors, arched doorways, original wood-pane windows, and a wood-burning fireplace. The spacious floor plan includes oversized living and dining rooms, a bright breakfast nook, and generous bedrooms filled with natural light. The deep backyard offers exceptional outdoor space for entertaining, gardening, expansion, or future possibilities. A detached two-car garage and additional storage provide added flexibility. Ideally located near parks, vibrant downtown Redwood City, shopping, dining, Caltrain, and major commute routes, this is a rare opportunity to restore, remodel, expand, or build new in a highly sought-after location. A property full of character, opportunity, and potential.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-8 • 0.6 mi
Grades 5-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,490 | 1,523.5 |
| Lot Size | 7,452 | 6,665 |
| Price | $1.69M | $2.23M |
| Price per sq ft | $1.1K | $1.3K |
| Built year | 1948 | 1951 |
| HOA | $0 | $0 |
| Days on market | 16 | 32 |
Jul 6, 2026
$1,688,000
Initial Listing
May 7, 2010
$607,000
Public Record