241 42nd Avenue, San Mateo, California 94403, San Mateo, 94403 - 5 bed, 4 bath

241 42nd Avenue, San Mateo, California 94403 home-pic-0

241 42nd Avenue

San Mateo, California 94403

ACTIVE
CONDITION: GOOD
5Beds
4Baths
2,855Sq Ft
14,257Lot Size

Property Price

LIST PRICE$2,849,000
EST. MARKET VALUE
$2,849,000

SUMMARY

Analysis of 241 42nd Avenue, San Mateo, California 94403 reveals a Fairly Priced Property with a current list price of $2,849,000  aligned with the estimated $2,849,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Mateo 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

$2,849,000
Based on Realkey algorithm analyzing recent comparable sales in San Mateo.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
241 42nd Avenue
Subject
$2,849,000*
List Price
542,855$998-
A
3611 Kingridge Drive
Sold
$2,500,000322,110$1,1850.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

While originally built in 1955, the property has undergone extensive high-end renovations that make it move-in ready. The kitchen is a modern chef's space with granite countertops, a massive island, and vaulted ceilings with skylights. The bathrooms have been updated to include en-suite configurations and luxury features like a jacuzzi. The overall quality is high, featuring premium outdoor entertainment systems and well-maintained interiors, though it falls short of 'excellent' as the renovations appear to be within the 5-15 year range rather than brand new.

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 = 14257, living area = 2855.

  • Premier Outdoor Entertainment

    The expansive 14,000+ sqft lot features a unique cascading waterfall and a Disneyland-inspired outdoor venue with a full bar, kitchen, and panoramic Bay views, making it an elite space for hosting.

  • Gourmet Chef's Kitchen

    The heart of the home boasts a luxury open-concept kitchen with vaulted ceilings, skylights, granite countertops, and a massive island designed for both daily living and grand-scale gatherings.

CONSRISKS & DEFICIENCIES

  • Vintage Infrastructure

    Originally built in 1955, the property may require ongoing attention to older structural elements or utility systems common in homes of this era despite modern interior updates.

  • Market Positioning

    A recent price reduction from the original listing price suggests the property is still navigating its value alignment within the competitive San Mateo luxury market.

About 241 42nd Avenue

Magnificent 5-bedroom estate located in the highly desirable neighborhood. As you step inside, you are greeted by an abundance of natural light pouring through a huge picture window, illuminating the elegant living room & dining area. The heart of the home is the open chefs kitchen and great room combo with a vaulted ceiling, skylights, high-end cabinets, granite countertops, massive kitchen island, surround sound for 3 TVs, perfect for both luxury daily living and grand-scale gatherings. The secluded master suite completed with a den, spacious bathroom with a bathtub for ultimate relaxation. On the opposite side of the home, a separate wing has 4 bedrooms, 2 with en-suite, hallway bathroom with a jacuzzi, providing privacy and ample space for a large family or guests. Sprawling over 14,000 sf lot. One-of-a-kind backyard has an amazing cascading river waterfall that leads to the top of the hill with a panoramic view of the Bay. At the top is a venue features a Disneyland-inspired bar, TV, BBQ grill, a kitchen with a microwave, 2 refrigerators, a hot tub and even a toilet. Ideal location midway between San Francisco and Silicon Valley. This highly loved home is your personal sanctuary and the ultimate venue for hosting unforgettable events with views that will capture your heart.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1955
Lot Size
14,257 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
97%
Baths4.02.0
93%
Square foot2,8551,660
95%
Lot Size14,2575,954.5
92%
Price$2.85M$2.15M
88%
Price per sq ft$998$1.2K
12%
Built year19551954
53%
HOA$0$0
50%
Days on market176167
63%

Pricing History

Listed for Sale

Feb 6, 2026

$2,849,000

$2,998,888

-5% Price Drop

Initial Listing

Price Change

Sep 12, 2025

$2,998,888

Initial Listing

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