2404 Melendy Drive, San Carlos, California 94070, San Carlos, 94070 - 4 bed, 3 bath
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San Carlos, California 94070
This Single Family Residence is a Strong Value Opportunity, listed at $2,898,000—positioned well below the $3,062,064 Fair Market Value by 5%. This valuation gap offers $164,064 in Instant Equity. Featuring a Condition Rating of 3, the home offers a private pool and patio oasis with panoramic bay views. Located in a premier district with top-tier schools, this property is an ideal acquisition for Owner-Occupants or discerning families seeking long-term value in San Carlos.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2404 Melendy Drive Subject | $2,798,000* List Price | 4 | 3 | 2,450 | $1,183 | - |
A 217 Bay View Drive Sold | $3,060,000 | 4 | 3 | 2,630 | $1,163 | 0.9 mi |
B 2780 Bromley Drive Sold | $2,800,000 | 5 | 3 | 2,440 | $1,148 | 0.8 mi |
C 1047 Hewitt Drive Sold | $3,450,000 | 4 | 3 | 2,360 | $1,462 | 0.3 mi |
D 2769 Bromley Drive Sold | $2,800,000 | 4 | 3 | 2,540 | $1,102 | 0.8 mi |
E 1100 Greenbrier Road Sold | $3,270,000 | 4 | 3 | 2,611 | $1,252 | 1.0 mi |
F 135 Dolton Avenue Active Under Contract | $2,599,000 List Price | 4 | 4 | 2,509 | $1,036 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1966, the property shows clear signs of a mid-term renovation (likely 5-15 years ago) including updated flooring, recessed lighting, and modern interior paint. The exterior features well-maintained landscaping and newer paver stones around the pool area, indicating the home is move-in ready and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10355, living area = 2450.
The property is assigned to top-tier San Carlos schools, including Heather Elementary, Tierra Linda Middle, and Carlmont High, which is a major draw for families and supports long-term value.
The expansive 10,355 sqft lot features a sparkling pool, covered patio, and mature landscaping, providing a rare level of privacy and a serene environment for entertaining.
Built in 1966, the home may require significant cosmetic or structural updates to meet the expectations of modern luxury buyers at this price point.
With a list price near $2.9 million, the property represents a substantial investment that may face stiff competition from more recently renovated homes in the surrounding area.
Price improvement effective June 5th! Ideally located in the lower hills of San Carlos, this impressive, nearly 2,500 square foot home has four large bedrooms, three full bathrooms, a spacious living room and a separate family room. The backyard exudes privacy and acts as a serene oasis with a sparkling pool, covered patio and mature landscape. Other notable highlights include an oversized front porch, a large two car garage with bonus space and outstanding southern exposure. This home is assigned to the very best schools that San Carlos has to offer, including Heather Elementary School, Tierra Linda Middle School and Carlmont High School. Highlands Park and its sports complex are just two blocks away. Downtown San Carlos is a five minute drive. This wonderful property is also close to many key commuter access points, including Highways 101, 280 and 92. CalTrain is also just a short distance away. Please join us at our open house on Sunday, June 7th from 1:30-4:00. A complete disclosure package is available upon request.
No exterior & parking available.
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,450 | 2,110 | 62% |
| Lot Size | 10,355 | 7,016.5 | 72% |
| Price | $2.80M | $2.85M | 42% |
| Price per sq ft | $1.1K | $1.4K | 28% |
| Built year | 1966 | 1956 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 99 | 5% |
Jun 5, 2026
$2,798,000
$2,898,000
-3% Price Drop
Initial Listing
May 14, 2026
$2,898,000
Initial Listing
Nov 18, 1999
$581,000
Public Record
May 15, 1996
$425,000
Public Record