1951 Ofarrell Street 207, San Mateo, California 94403, San Mateo, 94403 - 2 bed, 2 bath
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San Mateo, California 94403
This 2-bedroom, 2-bathroom end-unit condo represents a High-Potential Investment Opportunity, currently listed at $928,000. While the property is priced above its $854,458 Fair Market Value, the unit offers significant long-term appeal due to its Fair Condition Rating and prime location within a top-tier school district. Featuring resort-style amenities including a pool and spa, this home provides a stable foundation for value-add cosmetic updates. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-located residence with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1951 Ofarrell Street 207 Subject | $928,000* List Price | 2 | 2 | 1,143 | $748 | - |
A 1951 Ofarrell Street 404 Sold | $1,190,000 | 2 | 2 | 1,238 | $961 | 0.0 mi |
B 35 W 20th Avenue 109 Sold | $739,000 | 2 | 2 | 1,213 | $609 | 0.2 mi |
C 35 W 20th Avenue 105 Sold | $785,000 | 2 | 2 | 1,216 | $646 | 0.2 mi |
D 1919 Alameda De Las Pulgas 134 Sold | $765,000 | 2 | 2 | 1,024 | $747 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property falls into the 'Fair' category as it is over 20 years old without a full recent renovation. While the flooring appears updated and the unit is well-maintained, the kitchen features dated white tile countertops and original-style white appliances (electric coil stove) that require modernization to meet current market standards.
Tucked away in a quiet corner of the community and not facing major roads, this end-unit offers superior privacy and abundant natural light compared to interior units.
Residents benefit from an extensive suite of amenities including a swimming pool, jacuzzi, fitness center, clubhouse, and landscaped courtyards, providing a high-end lifestyle experience.
The property is situated in a top-tier San Mateo school district with access to award-winning schools, a major factor for long-term value retention and appeal to families.
With 74 days on the market and a recent $40,000 price reduction, the property is showing signs of stagnation, which may affect its perceived market value.
The $607 monthly association fee represents a substantial recurring carrying cost that may impact the overall affordability and debt-to-income ratios for potential buyers.
Located in the desirable San Mateo Corte Bella community, this beautifully situated 2-bedroom, 2-bathroom end-unit condo at 1951 OFarrell St. #207 offers comfort, privacy, and convenience in one of the Peninsulas most accessible neighborhoods. Tucked away in a quiet corner of the community and not facing major roads, this home enjoys a peaceful setting while still being close to the elevator for everyday ease. The bright and functional layout features spacious living areas, abundant natural light, and an ideal floor plan for both comfortable living and entertaining. Residents of Corte Bella enjoy resort-style amenities including a sparkling swimming pool, relaxing jacuzzi, well-equipped fitness center, clubhouse, and beautifully landscaped garden courtyard. Ranked as the #1 public school district in San Mateo with highly recognized 10/10 award-wining schools. Perfectly positioned next to San Mateo City Hall and just moments from popular restaurants, shopping, retail, and everyday conveniences, this location offers an exceptional blend of urban accessibility and tranquil community living. Easy access to major commute routes, downtown San Mateo, and public transportation makes this an outstanding opportunity for homeowners and investors alike.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,143 | 899 |
| Lot Size | - | 1,129 |
| Price | $928.0K | $774.2K |
| Price per sq ft | $812 | $752 |
| Built year | 1997 | 1984 |
| HOA | $607.0 | $628 |
| Days on market | 78 | 49 |
Jun 21, 2026
$928,000
$968,000
-4% Price Drop
Initial Listing
May 5, 2026
$968,000
Initial Listing
Dec 4, 1997
$250,000
Public Record