1440 Lodi Avenue, California, San Mateo, 94401 - 3 bed, 2 bath
1440 Lodi Avenue
California
Property Price
SUMMARY
Analysis of 1440 Lodi Avenue, California reveals a property with a current list price of $1,450,000, which is 8% above the estimated $1,328,594 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 California 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 |
|---|---|---|---|---|---|---|
★ 1440 Lodi Avenue Subject | $1,450,000* List Price | 3 | 2 | 1,040 | $1,277 | - |
A 2069 Shoreview Avenue Sold | $1,300,000 | 2 | 1 | 820 | $1,585 | 0.5 mi |
B 1449 Dakota Avenue Sold | $1,230,000 | 3 | 1 | 1,060 | $1,160 | 0.8 mi |
C 600 Patricia Avenue Sold | $1,050,000 | 2 | 1 | 820 | $1,280 | 0.8 mi |
D 1708 Newbridge Avenue Sold | $1,240,000 | 2 | 1 | 820 | $1,512 | 0.6 mi |
E 1866 Kehoe Avenue Pending | $1,420,000 List Price | 3 | 2 | 1,130 | $1,257 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1954, this home is described as 'move-in ready' with updated stainless steel kitchen appliances, indicating some recent improvements. However, the bathroom shown features dated tiling and fixtures, suggesting a renovation that is likely 15-30 years old, or that it's largely original with minor upkeep. While functional and well-maintained, the property shows signs of its age and could benefit from minor cosmetic updates, particularly in the bathroom, to align with current styles.
PROSSTRENGTHS & OPPORTUNITIES
- Move-in Ready
The property is in move-in ready condition, offering immediate occupancy and reducing initial buyer expenses.
- Desirable Location
Situated in San Mateo, a highly sought-after Bay Area city known for its amenities and community.
- Expansive Backyard
Features a large, flat backyard with additional bonus space, ideal for gardening, recreation, and outdoor living.
CONSRISKS & DEFICIENCIES
- Prolonged Market Duration
The property has been on the market for over two years, which may indicate challenges with pricing or buyer perception.
- Compact Interior Space
With 1040 sqft, the interior living area is relatively modest for a 3-bedroom, 2-bathroom home in this market.
- Converted Garage (No Dedicated Parking)
While offering flexible living space, the garage conversion means a lack of dedicated covered parking or traditional storage.
About 1440 Lodi Avenue
Wonderful 3 bed 2 bath starting home, move-in ready condition, stainless steel appliances in the kitchen. Garage is paved and finished as a family room and can be converted back easily. Large flat backyard, plus more bonus backyard space behind the fence for more vegetable garden!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 5,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
California Unified Schools
Parkside Elementary School
Grades K-5 • 0.2 mi
Horrall Elementary School
Grades K-5 • 0.5 mi
Bayside S.T.E.M. Academy
Grades 6-8 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,040 | 1,347 | 32% |
| Lot Size | 5,600 | 5,599.5 | 50% |
| Price | $1.45M | $1.45M | 50% |
| Price per sq ft | $1.4K | $1.1K | 79% |
| Built year | 1954 | 1949 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 1407 | 152 | 0% |
Pricing History
Listed for Sale
Apr 30, 2022
$1,450,000
Initial Listing