1501 Cherry Street 203, San Carlos, California 94070, San Carlos, 94070 - 2 bed, 2 bath
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1501 Cherry Street 203
San Carlos, California 94070
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
1,158Sq Ft
0Lot Size
Property Price
LIST PRICE$1,195,000
EST. MARKET VALUE
$1,195,000
SUMMARY
This Modern Turnkey Condominium is a Prime Investment Opportunity, listed at $1,195,000—positioned well below the $1,223,921 Fair Market Value by 2%. This valuation gap offers $28,921 in Instant Equity. Featuring a 2022 Construction Date, Level 2 EV Charging, and an Excellent Condition Rating, this home offers a sophisticated lifestyle in downtown San Carlos. With access to Top-Rated Schools like Central Middle (9/10), this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a high-end, low-maintenance residence.
Estimated Market Value
$1,195,000
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 |
|---|---|---|---|---|---|---|
★ 1501 Cherry Street 203 Subject 2 bd · 2 ba · 1,158 sqft · $1,032 | $1,195,000* List Price | 2 | 2 | 1,158 | $1,032 | - |
A 657 Walnut Street 303 Sold 2 bd · 2 ba · 1,223 sqft · $1,214 · 0.2 mi | $1,485,000 | 2 | 2 | 1,223 | $1,214 | 0.2 mi |
B 657 Walnut Street 423 Sold 2 bd · 2 ba · 1,223 sqft · $1,198 · 0.2 mi | $1,465,000 | 2 | 2 | 1,223 | $1,198 | 0.2 mi |
C 657 Walnut Street 540 Sold 2 bd · 2 ba · 1,223 sqft · $1,214 · 0.2 mi | $1,485,000 | 2 | 2 | 1,223 | $1,214 | 0.2 mi |
D 657 Walnut Street 537 Sold 1 bd · 2 ba · 878 sqft · $1,093 · 0.2 mi | $960,000 | 1 | 2 | 878 | $1,093 | 0.2 mi |
E 1667 San Carlos Avenue 203 Sold 1 bd · 1 ba · 810 sqft · $1,170 · 0.1 mi | $948,000 | 1 | 1 | 810 | $1,170 | 0.1 mi |
F 520 520 El Camino Real 309 Sold 3 bd · 2 ba · 1,424 sqft · $920 · 0.4 mi | $1,310,000 | 3 | 2 | 1,424 | $920 | 0.4 mi |
G 793 Elm Street 23 Sold 2 bd · 2 ba · 1,512 sqft · $880 · 0.1 mi | $1,330,000 | 2 | 2 | 1,512 | $880 | 0.1 mi |
H 1501 Cherry Street Unit 103 Active 2 bd · 2 ba · 1,158 sqft · $1,123 · 0.3 mi | $1,300,000 List Price | 2 | 2 | 1,158 | $1,123 | 0.3 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.
Built in 2022, this property is less than 10 years old and in mint, move-in condition. It features modern finishes including wood flooring throughout, updated tile bathrooms, and a contemporary kitchen. The systems are highly modern, featuring double-pane windows, a forced-air heating system with a heat pump, individual room controls, and a Level 2 EV charging hookup in the garage.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Central Middle School (9/10).
- Modern Construction & EV Ready
Built in 2022, this move-in ready condo features contemporary finishes, wood flooring throughout, and a private two-car garage equipped with a Level 2 electric vehicle charging station.
- Prime Walkable Location
Situated in the heart of downtown San Carlos, the property offers exceptional walkability to local boutiques, top-tier restaurants, the Farmers Market, and convenient Caltrain access for commuters.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $920 is relatively high for a two-bedroom unit, which significantly increases the total monthly carrying cost for the homeowner.
- Alternative Cooling System
The property utilizes evaporative cooling rather than a traditional central air conditioning system, which may be perceived as less effective or desirable by some buyers in the luxury market.
About 1501 Cherry Street 203
Located in beautiful downtown San Carlos, this condo offers 2 bedrooms and 2 full bathrooms with updated tile baths featuring double sinks and stall showers. The kitchen includes a electric cooktop, electric oven range, microwave, dishwasher, and refrigerator, complemented by an eat-in dining area and dining bar within the kitchen/family room combo. Wood flooring runs throughout the living spaces, which feature a security gate entrance. The master bedroom includes a large closet. Laundry is conveniently situated inside with electricity hookup (220V) for washer and dryer. Additional amenities include, evaporative cooling, forced air heating with heat pump and individual room controls, and double pane windows. The property includes a two-car garage with level 2 electric vehicle hookup. This home is part of the San Carlos Elementary school district. move-in condition. Highly regarded San Carlos schools. San Carlos has a vibrant small-town vibe as you stroll the towns sidewalks to boutiques, excellent restaurants, Farmers Market, and more. Easy access to Highways 101, 92 and 280, Caltrain, and SamTrans.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2022
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $920.0 / Month
Neighborhood Insights
San Carlos Unified Schools
Central Middle School
Grades 6-8 • 0.1 mi
9/10
Sequoia High School
Grades 9-12 • 1.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.7 |
| Baths | 2.0 | 1.7 |
| Square foot | 1,158 | 1,112.818 |
| Lot Size | - | 1,055.222 |
| Price | $1.20M | $996.7K |
| Price per sq ft | $1.0K | $905 |
| Built year | 2022 | 1991 |
| HOA | $920.0 | $734 |
| Days on market | 72 | 51 |
Pricing History
Listed for Sale
Aug 14, 2026
$1,195,000
Initial Listing