
San Mateo, California 94402
This Single Family Residence represents a Strong Value Opportunity, listed at $2,395,000—positioned well above the $2,294,607 Fair Market Value by 4%. While currently priced for the market, the property features a Condition Rating of 4, offering a move-in ready foundation with significant potential for cosmetic modernization. The detached garage with bonus room provides a versatile footprint for an ADU, enhancing long-term utility. Located in the prestigious San Mateo Park, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime, private location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 301 Engle Road Subject | $2,395,000* List Price | 2 | 2 | 1,580 | $1,452 | - |
A 424 Hurlingham Avenue Pending | $2,598,000 List Price | 2 | 2 | 1,550 | $1,676 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952 and well-maintained, the home features cosmetic updates like fresh paint and refinished floors. However, the kitchen and bathrooms appear dated with older tile countertops and fixtures likely exceeding 20 years in age, fitting the 'dated' criteria despite being move-in ready.
Situated at the end of a quiet lane in the prestigious San Mateo Park neighborhood, this property offers a rare combination of secluded privacy and immediate proximity to downtown shops and dining.
The detached two-car garage includes an extra-large adjoining bonus room, providing an ideal footprint for a home office, recreation center, or a potential Accessory Dwelling Unit (ADU).
Lovingly cared for by the same family for over 40 years, the home is move-in ready with fresh interior paint, newly refinished hardwood floors, and updated carpeting throughout.
With only two bedrooms, the property may face challenges attracting larger families or buyers specifically looking for a more standard three-plus bedroom configuration at this price point.
A recent $200,000 price reduction and 22 days on the market suggest that the initial pricing was aggressive, potentially signaling a need for further alignment with current buyer expectations for a two-bedroom home.
Light-Filled San Mateo Park Living With Close-In Convenience! Set at the end of a lane in sought-after San Mateo Park, this move-in ready home offers privacy and close-in convenience to shops and restaurants. Lovingly maintained by the same family for more than 40 years, this picture-perfect home is bright and light with fresh interior paint, refinished hardwood floors, and new carpet. Beyond the two-story home is a detached 2-car garage with an adjoining extra-large bonus room offering flexible space for recreation, office, or potential for an ADU. The deep lot with an array of colorful flowering trees further enhances the setting whether enjoying as is or expanding to personalize over time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 14% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,580 | 1,850 | 30% |
| Lot Size | 6,000 | 6,205 | 43% |
| Price | $2.40M | $2.75M | 35% |
| Price per sq ft | $1.5K | $1.5K | 62% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 106 | 3% |
May 26, 2026
$2,395,000
$2,595,000
-8% Price Drop
Initial Listing
May 4, 2026
$2,595,000
Initial Listing