1549 Locust Street, San Mateo, California 94402, San Mateo, 94402 - 3 bed, 2 bath
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San Mateo, California 94402
This Move-In Ready Single-Family Residence is a High-Potential Investment Opportunity, listed at $2,480,000—positioned well below the $2,545,667 Fair Market Value by 2%. This valuation gap offers $65,667 in Instant Equity. Featuring a gourmet kitchen, hardwood floors, and an Excellent Condition Rating, the home offers a turnkey lifestyle near Aragon High School. With its spacious layout and proximity to downtown San Mateo, this property is an ideal acquisition for Owner-Occupants or discerning professionals seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1549 Locust Street Subject | $2,480,000* List Price | 3 | 2 | 2,025 | $1,257 | - |
A 818 W Grant Place Sold | $2,670,000 | 3 | 3 | 2,082 | $1,282 | 0.8 mi |
B 1221 Carlisle Drive Sold | $2,335,000 | 3 | 3 | 1,720 | $1,358 | 1.0 mi |
C 905 Haddon Drive Sold | $1,800,000 | 3 | 2 | 1,500 | $1,200 | 0.9 mi |
D 697 Edna Way Sold | $2,190,888 | 4 | 2 | 1,560 | $1,404 | 0.7 mi |
E 1241 Edinburgh Street Pending | $2,175,000 List Price | 3 | 2 | 1,390 | $1,565 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1941, the property has undergone a comprehensive modern renovation. The gourmet kitchen features contemporary white shaker cabinetry, stone countertops, and high-end stainless appliances. With updated recessed lighting, double-pane windows, and mint-condition hardwood floors, the home is in move-in ready condition with no visible maintenance needs.
Situated in a highly coveted San Mateo neighborhood, the property offers exceptional proximity to downtown dining, Central Park, and major commuter corridors including Highways 92, 101, and 280.
This move-in ready home features high-end upgrades including a gourmet kitchen with a center island, stainless steel appliances, hardwood flooring, and double-pane windows throughout.
Boasting over 2,000 square feet of living space, the rare single-level floor plan includes a bright family room with soaring ceilings that maximize natural light and architectural appeal.
With a lot size of approximately 5,019 square feet, the outdoor space is relatively modest for a home of this square footage, which may limit gardening or extensive outdoor entertaining options.
Originally constructed in 1941, the property may possess underlying age-related characteristics or utility limitations common to older homes, despite its significant aesthetic updates.
Amazing location in a highly desirable neighborhood! This move-in ready, single-story home is a rare find. The floor plan features a spacious living room with a picture window, formal dining room, and a bright separate family room with soaring ceilings that fill the home with natural light. The gourmet kitchen comes with a center island, stainless steel appliances, pantry, and breakfast nook. Beautiful hardwood floors, crown molding, recessed lighting, and double-pane windows enhance the home's warmth and elegance. Ideally situated on a tree-lined street just minutes from vibrant downtown San Mateo, Central Park, shopping, and dining. Easy access to Highways 92, 101, and 280. This is a wonderful opportunity to own a timeless home in one of the Peninsula's most coveted neighborhoods. Welcome Home!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,025 | 1,840 |
| Lot Size | 5,019 | 6,059 |
| Price | $2.48M | $2.27M |
| Price per sq ft | $1.2K | $1.4K |
| Built year | 1941 | 1950 |
| HOA | $0 | $600 |
| Days on market | 13 | 29 |
Jul 9, 2026
$2,480,000
Initial Listing
Oct 15, 2018
$1,838,000
Public Record
Jul 28, 2006
$920,000
Public Record
Jul 19, 2004
$718,000
Public Record
Jun 11, 2001
$555,000
Public Record