2203 Allegheny Way, San Mateo, California 94402, San Mateo, 94402 - 4 bed, 2 bath
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San Mateo, California 94402
This Iconic Eichler Residence represents a Strong Value Opportunity, listed at $2,450,000—positioned well below the $2,616,931 Fair Market Value by 6%. This valuation gap offers $166,931 in Instant Equity for the buyer. Featuring a Good Condition Rating, this 1957 model home offers authentic mid-century architecture, a spacious 8,156 sqft lot, and serene park/greenbelt views. Ideally located near Aragon High School, this property is perfect for Owner-Occupants seeking architectural character or Design-Focused Investors looking to personalize a historic asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2203 Allegheny Way Subject | $2,450,000* List Price | 4 | 2 | 1,840 | $1,422 | - |
A 2027 New Brunswick Drive Sold | $3,100,000 | 4 | 2 | 1,850 | $1,676 | 0.2 mi |
B 2275 Allegheny Way Sold | $2,860,000 | 4 | 2 | 1,670 | $1,713 | 0.1 mi |
C 2096 Ticonderoga Drive Sold | $2,750,000 | 5 | 3 | 1,945 | $1,414 | 0.1 mi |
D 1912 Los Altos Drive Sold | $3,050,000 | 4 | 3 | 2,200 | $1,386 | 0.7 mi |
E 1712 Lexington Avenue Sold | $2,620,000 | 4 | 2 | 1,730 | $1,514 | 0.8 mi |
F 1581 Ascension Drive Sold | $2,720,000 | 4 | 3 | 2,240 | $1,214 | 0.9 mi |
G 2236 Bunker Hill Drive Pending | $2,698,000 List Price | 4 | 2 | 1,918 | $1,407 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1957 Eichler is exceptionally well-maintained and move-in ready. While the kitchen cabinetry and tile flooring reflect a renovation likely from 15-20 years ago, the inclusion of modern stainless steel appliances and the pristine condition of the signature mid-century architectural elements (beams, floor-to-ceiling glass) meet the 'Good' criteria. It is functional and cherished, though it stops short of 'Excellent' as it lacks a comprehensive modern overhaul within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8156, living area = 1840.
As a former model home in the Highlands, this property features authentic mid-century modern design with signature walls of glass and an open-concept layout that is highly prized by architectural enthusiasts.
The residence is perfectly positioned on a flat lot with a private front courtyard and a backyard that opens to serene open space, epitomizing the quintessential California lifestyle.
Having been cherished by the same family for decades, the home likely requires cosmetic updates and modernization to meet contemporary luxury standards and buyer expectations.
Built in 1957, the property may necessitate investment in systems typical of original Eichlers, such as specialized roof maintenance, radiant heating repairs, or energy-efficiency upgrades.
Nestled in the coveted Highlands neighborhood, this cherished Eichler offers a rare opportunity to own a true piece of mid-century modern history. Lovingly enjoyed by the same family for decades & originally selected as one of the neighborhood's model homes, this home embodies the timeless appeal of Eichler design paired with the warmth of true community living. Ideally positioned on a flat lot, this open concept single-story residence is filled with natural light, skylights, & seamless indoor outdoor flow. The spacious kitchen features ample cabinetry, built in storage, stainless steel appliances including a gas range, eat up bar, & opens beautifully into the main living space. Custom built-ins & a media cabinet add both style & functionality. Walls of glass connect the indoors to a lush backyard opening to serene open space and a private front courtyard, creating the quintessential California lifestyle Eichler enthusiasts adore. The flexible floor plan offers 4 bedrooms plus a bonus room or walk-in closet off the primary suite. Enjoy the home's timeless character as is or personalize it over time. Moments from Crystal Springs Village, the Highlands Recreation Center, top commuter routes including 280, 92, and 101, and beloved neighborhood traditions.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,840 | 1,880 | 48% |
| Lot Size | 8,156 | 6,499 | 68% |
| Price | $2.45M | $2.76M | 38% |
| Price per sq ft | $1.3K | $1.5K | 34% |
| Built year | 1957 | 1952 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 101 | 5% |
May 28, 2026
$2,450,000
Initial Listing