
San Mateo, California 94403
This property presents a Strong Value Opportunity with a List Price of $998,000—positioned well below the $1,057,278 Fair Market Value by 5%. This valuation gap offers $59,278 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires a full interior rehab to modernize its 1950s-era finishes. Its strategic location near Highways 101 and 92 provides excellent commuter access, making this a high-potential acquisition for Fix-and-Flip Investors or first-time buyers seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2539 Holland Street Subject | $998,000* List Price | 3 | 2 | 1,060 | $997 | - |
A 1795 Rex Street Sold | $1,250,000 | 3 | 2 | 1,220 | $1,025 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956, the home is nearly 70 years old and retains a severely dated kitchen and bathrooms that appear to be original or over 30 years old. While the roof is newer, the interior finishes, cabinetry, and fixtures require a full rehab to meet modern standards, consistent with the listing's description as an investor project or a home needing a 'vision' to be realized.
Strategically situated near Highways 101 and 92, this property offers excellent accessibility for professionals commuting to major Silicon Valley or San Francisco tech hubs.
Priced under $1M in a desirable San Mateo neighborhood, this 'fixer-upper' with a newer roof provides a rare opportunity for investors or DIY buyers to build substantial equity through modernization.
The inclusion of an additional living space off the family room offers valuable flexibility for a home office, gym, or playroom, maximizing the utility of the home's footprint.
At just 1,060 square feet for a three-bedroom residence, the living areas may feel cramped for modern families or those accustomed to more spacious accommodations.
The property is marketed as a project requiring a 'vision,' implying that significant additional capital investment will be necessary to update the 1950s-era interior to current market standards.
Unlock the potential in this charming 3-bedroom, 2-bath home and bring your vision to life! With solid bones and a newer roof already in place, this property offers the perfect opportunity to create the home you've always imagined. Inside, you'll find a functional layout featuring an additional living space off the family room, ideal for a home office, playroom, gym, or bonus room to fit your lifestyle. The spacious backyard provides plenty of room for entertaining, gardening, or future enhancements, while the attached two-car garage offers ample storage and convenience. Perfectly situated near Highways 101 and 92, you'll enjoy easy commuting along with close proximity to shopping, parks, and highly regarded schools. Whether you're a first-time buyer looking to build equity, an investor searching for your next project, or someone eager to customize a home to your own taste, this property is filled with opportunity. The possibilities are truly endless!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,060 | 1,840 |
| Lot Size | 5,000 | 6,059 |
| Price | $998.0K | $2.27M |
| Price per sq ft | $942 | $1.4K |
| Built year | 1956 | 1950 |
| HOA | $0 | $600 |
| Days on market | 8 | 29 |
Jul 14, 2026
$998,000
Initial Listing