321 Malcolm Avenue, Belmont, California 94002, Belmont, 94002 - 4 bed, 3 bath
321 Malcolm Avenue
Belmont, California 94002
Property Price
SUMMARY
Analysis of 321 Malcolm Avenue, Belmont, California 94002 reveals a Fairly Priced Property with a current list price of $2,198,000 aligned with the estimated $2,167,093 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Belmont Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 Malcolm Avenue Subject | $2,198,000* List Price | 4 | 3 | 1,931 | $1,122 | - |
A 2331 Buena Vista Avenue Sold | $2,300,000 | 4 | 3 | 1,840 | $1,250 | 0.9 mi |
B 1001 Maywood Drive Sold | $1,800,000 | 2 | 2 | 1,420 | $1,268 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is exceptionally well-maintained by original owners since 1953, but remains largely in an outdated state. While clean and functional, the kitchen features older white appliances and cabinetry, and the bathrooms retain vintage tiling and fixtures. It requires cosmetic and functional modernization to meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views & Indoor-Outdoor Flow
The property captures stunning panoramic hill and neighborhood views, featuring a deck off the main living areas that creates a seamless transition for entertaining and daily living.
- Rare Level Lot
Situated on a level lot in the typically hilly terrain of Belmont, this property offers superior accessibility and more usable outdoor space for gardening and recreation.
- Pristine Ownership History
Offered for the first time since 1953, this 'legacy' home has been meticulously cared for by a single family for over 70 years, ensuring a high level of pride in ownership and structural integrity.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1931, other record living area = 1900. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Need for Modernization
Given the 1953 construction and long-term original ownership, the home likely requires significant cosmetic and functional updates to meet the expectations of modern luxury buyers.
- Modest Lot Dimensions
At 5,326 square feet, the lot size is relatively compact for the price point, which may limit future expansion possibilities or large-scale landscaping projects.
About 321 Malcolm Avenue
A legacy on Malcolm! A rare opportunity with views, light, and a level Belmont lot. Purchased in 1953 by the original owners, this will be the first time the home has ever changed hands. Lovingly cared for for more than 70 years, it is truly a special home and a rare chance to become only the second owner. The main living areas capture incredible panoramic views, with a deck off the kitchen and living room that creates seamless indoor outdoor flow. It is the perfect setting for morning coffee, sunset dinners, or hosting friends while taking in the scenery. The spacious primary suite feels like its own retreat, featuring a sun room sitting area filled with natural light and a large walk around closet. Beautiful landscaping surrounds the home, adding color, character, and curb appeal. In addition to the two car garage, a separate storage shed plus patio area provides flexibility for entertaining, gardening, or additional storage. All of this just minutes from Belmont's shops and restaurants, Hillsdale Shopping Center, and highly rated Belmont schools. A special home in one of the Peninsulas most sought after communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 5,326 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,931 | 2,310 | 45% |
| Lot Size | 5,326 | 6,584 | 14% |
| Price | $2.20M | $2.34M | 34% |
| Price per sq ft | $1.1K | $1.2K | 45% |
| Built year | 1953 | 1960 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 156 | 3% |
Pricing History
Listed for Sale
Feb 25, 2026
$2,198,000
Initial Listing