31 Belford Way, San Mateo, California 94402, San Mateo, 94402 - 2 bed, 3 bath
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San Mateo, California 94402
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $2,485,000—positioned well below the $2,540,747 Fair Market Value by 2%. This valuation gap offers $55,747 in Instant Equity. Featuring a Mint Condition Rating following a 2026 renovation, the home includes a Chef's Kitchen, Heated Bathroom Floors, and a Private Backyard Patio. Located near Top-Rated Schools like South Hillsborough Elementary, this property is an ideal acquisition for Owner-Occupants or discerning professionals seeking a high-end, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Belford Way Subject | $2,485,000* List Price | 2 | 3 | 1,520 | $1,672 | - |
A 800 Edinburgh Street Sold | $2,760,000 | 3 | 2 | 1,725 | $1,600 | 0.6 mi |
B 390 Hobart Avenue Sold | $3,053,500 | 3 | 2 | 1,810 | $1,687 | 0.9 mi |
C 30 Mission Drive Active | $2,899,000 List Price | 2 | 2 | 1,478 | $1,961 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1949 build date, the property underwent a comprehensive renovation in 2026. Key upgrades include a reinforced foundation, new HVAC ductwork, replaced sewer lateral, and asbestos remediation. The interior features a high-end chef's kitchen with premium Italian appliances and updated bathrooms with luxury features like heated floors, placing it in mint condition with no immediate maintenance required.
Elementary School: South Hillsborough School (9/10). Middle School: Crocker Middle School (9/10).
The property features significant 2026 improvements including a reinforced foundation, new sewer lateral, asbestos remediation, and updated HVAC ductwork, providing rare peace of mind for a home of this era.
Situated on a highly desirable cul-de-sac near Downtown San Mateo, the home offers a quiet, park-like setting with proximity to Michelin-starred dining and top-rated schools like South Hillsborough Elementary.
With only two bedrooms, the property may have restricted appeal for larger families or buyers requiring multiple dedicated home office spaces at this price point.
The listing price of $2.485M for 1,520 square feet represents a significant premium per square foot, which may be a hurdle for appraisal valuations or value-driven buyers.
Highly desirable cul-de-sac where neighbors are truly neighborly! Homes rarely become available in this park-like setting just moments from vibrant Downtown San Mateo. Step inside to an inviting living room with a cozy fireplace and concealed motorized projector screen for an immersive home theater experience. The open layout flows into the dining area with built-ins, a sunny breakfast nook, and a chefs kitchen featuring a premium Italian gas range, oversized refrigerator, abundant pull-out cabinetry, and bar seating. The home offers two bedrooms, including a private primary suite with a heated bathroom floor. The second bedroom features a fireplace and French doors opening to a lush backyard retreat. Hardwood and tile flooring, an instant hot water heater, and quality finishes enhance the home's warmth and character. Enhanced in 2026 with new attic insulation and HVAC ductwork, a replaced sewer lateral, reinforced foundation, professionally remediated asbestos-containing materials, a remodeled garage, refreshed exterior, and custom wrought iron railings. Ideally located near Michelin-starred dining, parks, Caltrain, and convenient highway access, this exceptional home blends timeless charm, thoughtful upgrades, and everyday convenience.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,520 | 1,840 |
| Lot Size | 6,738 | 6,059 |
| Price | $2.48M | $2.27M |
| Price per sq ft | $1.6K | $1.4K |
| Built year | 1949 | 1950 |
| HOA | $0 | $600 |
| Days on market | 6 | 29 |
Jul 16, 2026
$2,485,000
Initial Listing
Sep 10, 2021
$2,420,000
Public Record
Apr 22, 2013
$1,280,000
Public Record
Jan 25, 2001
$1,025,000
Public Record