157 Central Avenue, Redwood City, California 94061, Redwood City, 94061 - 3 bed, 1 bath
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157 Central Avenue
Redwood City, California 94061
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
1Baths
1,210Sq Ft
6,591Lot Size
Property Price
LIST PRICE$1,488,000
EST. MARKET VALUE
$1,571,970
5% BelowMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $1,488,000—positioned well below the $1,571,971 Fair Market Value by 5%. This valuation gap offers $83,971 in Instant Equity. Featuring a Condition Rating of 3, the home includes refinished hardwood floors and a powered outdoor shed. While the 1,210 sqft footprint is compact, the 6,591 sqft lot provides significant expansion potential. This property is an ideal acquisition for Owner-Occupants seeking long-term appreciation or first-time buyers prioritizing location near downtown Redwood City.
Estimated Market Value
$1,571,970+$83,970 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 157 Central Avenue Subject 3 bd · 1 ba · 1,210 sqft · $1,299 | $1,488,000* List Price | 3 | 1 | 1,210 | $1,299 | - |
A 143 Bonita Avenue Sold 2 bd · 1 ba · 1,490 sqft · $1,191 · 0.1 mi | $1,775,000 | 2 | 1 | 1,490 | $1,191 | 0.1 mi |
B 204 Park Street Sold 4 bd · 2 ba · 1,450 sqft · $1,155 · 0.3 mi | $1,675,000 | 4 | 2 | 1,450 | $1,155 | 0.3 mi |
C 337 Roble Avenue Sold 3 bd · 2 ba · 1,340 sqft · $1,396 · 0.2 mi | $1,870,000 | 3 | 2 | 1,340 | $1,396 | 0.2 mi |
D 798 Hudson Street Sold 2 bd · 2 ba · 1,268 sqft · $1,181 · 1.0 mi | $1,498,000 | 2 | 2 | 1,268 | $1,181 | 1.0 mi |
E 950 Hudson Street Sold 3 bd · 2 ba · 1,430 sqft · $1,189 · 0.9 mi | $1,700,000 | 3 | 2 | 1,430 | $1,189 | 0.9 mi |
F 1585 Union Avenue Sold 2 bd · 2 ba · 1,630 sqft · $1,113 · 0.4 mi | $1,815,000 | 2 | 2 | 1,630 | $1,113 | 0.4 mi |
G 134 Nimitz Avenue Sold 3 bd · 2 ba · 1,300 sqft · $1,346 · 0.7 mi | $1,750,000 | 3 | 2 | 1,300 | $1,346 | 0.7 mi |
H 1652 Kentfield Avenue Active 3 bd · 2 ba · 1,300 sqft · $1,383 · 0.5 mi | $1,798,000 List Price | 3 | 2 | 1,300 | $1,383 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1940, the property is well-maintained and move-in ready. It features refinished hardwood floors, updated recessed lighting, and a functional kitchen with newer stone countertops and stainless steel appliances, though the oak cabinetry is dated (approx. 15-20 years old). The presence of newer vinyl windows and a powered outdoor shed indicates consistent maintenance of systems and utility.
PROSSTRENGTHS & OPPORTUNITIES
- Expansion Potential
The oversized 6,591 sqft lot provides significant room to expand the current 1,210 sqft footprint while maintaining a generous backyard, offering excellent long-term value appreciation.
- Versatile Outdoor Amenities
The property features a powered and lit outdoor shed ideal for a home office or studio, plus a gazebo and mature fruit trees, significantly enhancing the functional living space.
- Prime Location
Situated close to downtown Redwood City, the home offers convenient access to a vibrant dining and shopping district, making it a highly desirable location for commuters and urban enthusiasts.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With three bedrooms but only one bathroom, the current configuration may be a significant drawback for modern families and could necessitate a costly renovation to add a second bath.
- Modest Interior Square Footage
At 1,210 square feet, the living area is relatively compact for a three-bedroom home, which may feel restrictive for buyers seeking spacious common areas.
About 157 Central Avenue
This charming, move-in ready, 3 bedroom home features beautifully refinished hardwood floors and a spacious kitchen. A large skylight fills the inviting dining room with natural light, creating a warm and welcoming atmosphere perfect for gatherings. The oversized lot is a true standout, offering mature fruit trees, wide open space, and a gazebo for entertaining. The outdoor shed with power and lighting is ideal for a home office, studio, or extra storage. Situated close to downtown Redwood City, the location provides convenient access to lively dining and shopping. With plenty of room to expand while still preserving a generous backyard, this property delivers both comfort today and exciting potential for tomorrow.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 6,591 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Henry Ford Elementary School
Grades K-5 • 1.1 mi
5/10
Selby Lane Elementary School
Grades K-8 • 0.7 mi
5/10
John F. Kennedy Middle School
Grades 5-8 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 1.0 | 2.5 |
| Square foot | 1,210 | 1,645.2 |
| Lot Size | 6,591 | 6,674.304 |
| Price | $1.49M | $2.26M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 1940 | 1952 |
| HOA | $0 | $281 |
| Days on market | 24 | 35 |
Pricing History
Listed for Sale
Sep 30, 2026
$1,488,000
Initial Listing
Sold
Aug 14, 2013
$750,000
Public Record
Sold
Sep 23, 2010
$510,000
Public Record
Sold
May 22, 2007
$733,500
Public Record