291 W 39th Avenue, San Mateo, California 94403, San Mateo, 94403 - 4 bed, 3 bath
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San Mateo, California 94403
This Spacious Westwood Knolls Residence is a Prime Investment Opportunity, listed at $1,775,000—positioned well below the $1,824,867 Fair Market Value by 2%. This valuation gap provides $49,867 in Instant Equity. Boasting a Condition Rating of 4, the home features refinished hardwood floors and a rare flat backyard, though dated wet rooms offer clear modernization upside. Proximity to top-tier schools like Carlmont High (9/10) and Ralston Intermediate (9/10) ensures long-term asset stability. This is an elite acquisition for Owner-Occupants or Value-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 291 W 39th Avenue Subject | $1,775,000* List Price | 4 | 3 | 2,010 | $908 | - |
A 217 W 40th Avenue Sold | $1,710,000 | 3 | 2 | 1,720 | $994 | 0.2 mi |
B 3713 Santiago Street Active | $1,598,000 List Price | 3 | 2 | 1,530 | $1,044 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the home features fresh cosmetic updates including new paint, carpet, and refinished hardwoods. However, the kitchen and bathrooms are significantly dated, featuring original-style pink square tiles and older cabinetry that appear to be over 30 years old. The presence of popcorn ceilings and older wall heating vents suggests that while the home is move-in ready, the major systems and wet rooms are past their typical design life and need modernization.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
Situated in the desirable Westwood Knolls neighborhood, the property offers exceptional access to Highways 101 and 280, Caltrain, and major Peninsula employment hubs.
Freshly updated with new paint, refinished hardwood floors, and new carpet, the home is ready for immediate occupancy while providing excellent potential for future customization.
While located near several high-performing schools, the immediate assigned elementary and middle schools have lower ratings (4/10), which may be a concern for education-focused buyers.
Built in 1952, the property may require future capital improvements to aging systems or further modernization to fully align with contemporary luxury standards.
A home in San Mateos desirable Westwood Knolls neighborhood offering comfort, functionality, and opportunity. This 4-bedroom, 2.5-bath residence features a well-designed floor plan and a large 2-car garage at street level. Freshly updated with new interior paint, refinished hardwood floors, and new carpet, the home feels clean and move-in ready while still offering excellent potential to customize over time. Generous living and dining areas provide comfortable everyday living and great entertaining space, while the bedrooms offer flexibility for family, guests, or home office needs. Situated on an elevated lot, the property includes a spacious, usable backyard ideal for outdoor dining, play, or gardening. Conveniently located near parks, shopping, schools, and commuter routes with easy access to Highways 101 and 280, Caltrain, and major Peninsula employment centers. A rare opportunity to own a well-sized home with a flat yard in one of San Mateos most established residential neighborhoods.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,010 | 1,650 | 69% |
| Lot Size | 6,000 | 5,720 | 61% |
| Price | $1.77M | $2.15M | 29% |
| Price per sq ft | $883 | $1.2K | 6% |
| Built year | 1952 | 1954 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 134 | 6% |
Mar 20, 2026
$1,775,000
Initial Listing