2973 Fair Oaks Avenue, Redwood City, California 94063, Redwood City, 94063 - 4 bed, 3 bath
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2973 Fair Oaks Avenue
Redwood City, California 94063
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,003Sq Ft
6,002Lot Size
Property Price
LIST PRICE$1,789,000
EST. MARKET VALUE
$1,979,576
9% BelowMARKET VALUE
SUMMARY
This Dual-Residence Asset represents a Strong Value Opportunity, listed at $1,789,000—positioned well below the $1,979,576 Fair Market Value by 9%. This valuation gap provides $190,576 in Instant Equity. Featuring a 2017-built rear residence and a refreshed front home, the property maintains a Condition Rating of 2, ensuring immediate rental or occupancy readiness. With a 3-car garage and versatile layout, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multigenerational living solutions.
Estimated Market Value
$1,979,576+$190,576 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2973 Fair Oaks Avenue Subject 4 bd · 3 ba · 2,003 sqft · $988 | $1,789,000* List Price | 4 | 3 | 2,003 | $988 | - |
A 976 2nd Avenue Sold 4 bd · 2 ba · 1,820 sqft · $843 · 0.3 mi | $1,535,000 | 4 | 2 | 1,820 | $843 | 0.3 mi |
B 3494 Hoover Street Sold 4 bd · 3 ba · 2,033 sqft · $984 · 0.8 mi | $2,000,000 | 4 | 3 | 2,033 | $984 | 0.8 mi |
C 792 8th Ave Sold 4 bd · 3 ba · 1,581 sqft · $1,044 · 0.4 mi | $1,651,000 | 4 | 3 | 1,581 | $1,044 | 0.4 mi |
D 3101 Glendale Avenue Sold 3 bd · 2 ba · 1,648 sqft · $1,098 · 0.7 mi | $1,809,000 | 3 | 2 | 1,648 | $1,098 | 0.7 mi |
E 914 2nd Avenue Active 4 bd · 3 ba · 2,167 sqft · $876 · 0.3 mi | $1,898,000 List Price | 4 | 3 | 2,167 | $876 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a primary rear residence built in 2017 (7 years old) which is in mint condition with a modern kitchen, contemporary bathrooms, and updated systems. The front unit, while older, has been recently refreshed with new paint and carpet, making the entire property move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Residence Versatility
The property features two distinct homes on a single lot, providing an exceptional opportunity for multi-generational living or significant rental income potential in a high-demand area.
- Modern Rear Residence
Built in 2017, the rear home offers contemporary living with over 1,100 sq. ft. of space, modern construction standards, and its own private yard for enhanced privacy.
- Exceptional Parking and Storage
The inclusion of a spacious 3-car garage is a rare find for the neighborhood, offering significant value for car enthusiasts or those requiring extensive storage space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2003, other record living area = 900. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Age Disparity
The front residence dates back to 1947 and, while cosmetically refreshed, may lack the modern infrastructure and energy efficiency found in the newer rear unit.
- High Lot Density
With two full residences and a large garage on a 6,002 sq. ft. lot, the outdoor space is divided, which may feel constrained for buyers seeking a traditional large backyard.
About 2973 Fair Oaks Avenue
Rare opportunity to own two separate residences on one lot! The front home has just been refreshed with new interior paint and new carpeting and offers 2 bedrooms and 1 bath. The newer rear residence, built in 2017, features 2 bedrooms, 2 baths, approximately 1,103 sq. ft. of living space, a spacious 3-car garage, and its own private yard. Ideal for multigenerational living, extended family, or investors seeking flexibility and multiple living options. With two distinct residences, a newer rear home, a private yard, and exceptional parking, this unique property offers versatility, functionality, and outstanding appeal. A rare opportunity to enjoy two homes on one lot!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 6,002 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,003 | 1,645.2 |
| Lot Size | 6,002 | 6,674.304 |
| Price | $1.79M | $2.26M |
| Price per sq ft | $893 | $1.3K |
| Built year | 1947 | 1952 |
| HOA | $0 | $281 |
| Days on market | 44 | 35 |
Pricing History
Listed for Sale
Sep 10, 2026
$1,789,000
Initial Listing
Sold
Dec 15, 2008
$410,000
Public Record