1501 Cherry Street Unit 103, San Carlos, California 94070, San Carlos, 94070 - 2 bed, 2 bath
1501 Cherry Street Unit 103
San Carlos, California 94070
Property Price
SUMMARY
Analysis of 1501 Cherry Street Unit 103, San Carlos, California 94070 is currently available with a list price of $1,300,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Carlos 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2020, making it only 4 years old and virtually new. The description highlights 'newly constructed,' 'modern design,' 'smart home technology,' 'high-end designer finishes,' 'Top of the line appliances,' 'Pedini Italian custom cabinetry,' and 'LED lighting.' The images confirm a pristine, contemporary kitchen with sleek flat-panel cabinets and stainless steel appliances, modern bathrooms with floating vanities and updated fixtures, and new hardwood flooring throughout. All systems and finishes are current, high-quality, and show no signs of wear, perfectly aligning with the 'Excellent' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Modern Design
Built in 2020, this property boasts contemporary architecture, bright and airy open floor plans, and high-end designer finishes, appealing to modern tastes.
- Advanced Smart Home & Sustainability Features
Equipped with cutting-edge smart home technology, energy-efficient systems, LED lighting, smart sensors for optimal climate control, and convenient EV charging stations.
- Superior Structural Integrity
Constructed with a robust steel frame, providing enhanced resistance to fire, moisture, pests, and earthquakes, ensuring long-term durability and peace of mind.
CONSRISKS & DEFICIENCIES
- Extended Market Time
The property has been actively listed since November 2020, an unusually long duration for a new construction in a high-demand area, which may suggest pricing challenges or other market considerations.
- High Monthly HOA Fees
A substantial monthly association fee of $588 adds a significant recurring cost to homeownership, potentially impacting affordability for some prospective buyers.
- High Price Point for Square Footage
Priced at $1.3 million for 1158 sqft, the property commands a premium price per square foot, which might narrow the pool of potential buyers despite its luxury amenities.
About 1501 Cherry Street Unit 103
Newly constructed in San Carlos, 1501 Cherry St. is a tribute to seamless sustainability, modern design and smart home technology. With a plethora of shopping and dining options including museums, a brewery, and a winery. 1501 Cherry St. is architected with exceptional living in mind with bright, airy open floor plans, private balconies and high-end designer finishes. Not only does this home support an energy-efficient and healthier standard of living, but also offers Top of the line appliances, Pedini Italian custom cabinetry, LED lighting and smart sensors to provide optimal lighting, temp/humidity sensors throughout, private enterprise-grade wifi access points, EV charging stations, and a steel frame structure that provides fire, moisture, pest and earthquake resistance. If youre looking for an exceptional community that delivers sustainable modern living 1501 Cherry St. is the home for you!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2020
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $588.0 / Month
Neighborhood Insights
San Carlos Unified Schools
Central Middle School
Grades 6-8 • 0.1 mi
Sequoia High School
Grades 9-12 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,158 | 1,216 | 38% |
| Lot Size | - | - | 50% |
| Price | $1.30M | $1.27M | 62% |
| Price per sq ft | $1.1K | $817 | 77% |
| Built year | 2020 | 1974 | 77% |
| HOA | $588.0 | $720 | 23% |
| Days on market | 1947 | 193 | 0% |
Pricing History
Listed for Sale
Nov 6, 2020
$1,300,000
Initial Listing