21 Cobblestone Lane, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 3 bath
21 Cobblestone Lane
San Carlos, California 94070
Property Price
SUMMARY
Analysis of 21 Cobblestone Lane, San Carlos, California 94070 reveals a Fairly Priced Property with a current list price of $2,599,000 aligned with the estimated $2,644,893 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1931, this property is described as well-maintained with an updated kitchen, suggesting it is functional and livable. However, the marketing heavily emphasizes the half-acre lot's potential for a new dream home or subdivision, which typically indicates that the existing structure, while kept up, features aged systems and a style that is outdated by modern standards. It fits the criteria of a home maintained through regular upkeep but requiring updates to meet current luxury expectations.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26019, living area = 2096.
- Expansive Lot & Development Potential
Situated on over half an acre, this exceptionally rare lot size in San Carlos offers significant opportunities for subdivision, a custom luxury rebuild, or a major expansion.
- Updated Interior Features
While retaining its 1930s charm, the home features an updated kitchen and a functional layout with three bathrooms and multiple dining areas, making it move-in ready during planning phases.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2096, other record living area = 970.
- Age-Related Infrastructure
Originally built in 1931, the property may require significant updates to electrical, plumbing, or structural systems to meet contemporary building codes and efficiency standards.
- Development Uncertainty
Realizing the property's full value through subdivision or major remodeling requires navigating city approvals and zoning verification, which adds time and financial risk for the buyer.
About 21 Cobblestone Lane
21 Cobblestone Lane is one of the original 1930s summer residences built at the end of Graceland Avenue, set on an expansive lot of more than half an acre, an exceptionally rare offering in San Carlos. This well-maintained property presents a unique opportunity to build your dream home, thoughtfully remodel the existing residence, or explore potential subdivision opportunities (buyer to verify with the City). The home features three spacious bedrooms and three bathrooms, a generous living room, a separate den, an updated kitchen, and two distinct dining areas ideal for both everyday living and entertaining. A detached two-car garage and oversized driveways provide ample parking for guests. With abundant space, privacy, and endless potential, this is a truly rare opportunity in The City of Good Living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1931
- Lot Size
- 26,019 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Carlos Unified Schools
Clifford Elementary School
Grades K-8 • 0.4 mi
John F. Kennedy Middle School
Grades 5-8 • 2.5 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 | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,096 | 2,030 | 55% |
| Lot Size | 26,019 | 6,631.5 | 97% |
| Price | $2.60M | $2.73M | 43% |
| Price per sq ft | $1.2K | $1.4K | 32% |
| Built year | 1931 | 1953 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 148 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$2,599,000
Initial Listing