340 W 39th Avenue, San Mateo, California 94403, San Mateo, 94403 - 3 bed, 2 bath
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340 W 39th Avenue
San Mateo, California 94403
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,440Sq Ft
5,600Lot Size
Property Price
LIST PRICE$1,899,900
EST. MARKET VALUE
$1,942,212
SUMMARY
This Single Family Residence represents a Prime Investment Opportunity, listed at $1,899,900—positioned well below the $1,942,213 Fair Market Value by 2%. This valuation gap provides $42,313 in Instant Equity. Featuring a Good Condition Rating, the home offers high-end finishes like a Granite Kitchen and Marble Bathrooms, complemented by Panoramic Bay and City Views. While the basement remains unpermitted, the proximity to Top-Rated Schools like Carlmont High makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$1,942,212
Based on Realkey algorithm analyzing recent comparable sales in San Mateo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 340 W 39th Avenue Subject 3 bd · 2 ba · 1,440 sqft · $1,349 | $1,899,900* List Price | 3 | 2 | 1,440 | $1,349 | - |
A 420 Voelker Drive Sold 2 bd · 2 ba · 1,230 sqft · $1,593 · 0.2 mi | $1,960,000 | 2 | 2 | 1,230 | $1,593 | 0.2 mi |
B 321 La Casa Avenue Sold 3 bd · 2 ba · 1,333 sqft · $1,503 · 0.4 mi | $2,002,888 | 3 | 2 | 1,333 | $1,503 | 0.4 mi |
C 4308 Edison Street Sold 3 bd · 1 ba · 1,280 sqft · $1,289 · 0.5 mi | $1,650,000 | 3 | 1 | 1,280 | $1,289 | 0.5 mi |
D 3713 Santiago Street Sold 3 bd · 2 ba · 1,530 sqft · $1,340 · 0.8 mi | $2,050,000 | 3 | 2 | 1,530 | $1,340 | 0.8 mi |
E 3031 Flores Street Sold 3 bd · 2 ba · 1,450 sqft · $1,345 · 0.6 mi | $1,950,000 | 3 | 2 | 1,450 | $1,345 | 0.6 mi |
F 73 Poinsettia Avenue Sold 2 bd · 1 ba · 1,050 sqft · $1,438 · 0.8 mi | $1,510,000 | 2 | 1 | 1,050 | $1,438 | 0.8 mi |
G 535 W Hillsdale Boulevard Sold 3 bd · 2 ba · 1,710 sqft · $1,117 · 0.4 mi | $1,910,000 | 3 | 2 | 1,710 | $1,117 | 0.4 mi |
H 3740 Sky Ct Sold 3 bd · 2 ba · 1,570 sqft · $1,414 · 0.0 mi | $2,220,000 | 3 | 2 | 1,570 | $1,414 | 0.0 mi |
I 419 Voelker Drive Pending 3 bd · 2 ba · 1,160 sqft · $1,595 · 0.2 mi | $1,850,000 List Price | 3 | 2 | 1,160 | $1,595 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1958, the property has undergone significant renovations. The kitchen (cherry cabinets/granite) and bathrooms (marble/whirlpool tub) appear to be 10-15 years old. With new interior/exterior paint and well-maintained hardwood floors, the home is functional and move-in ready, meeting the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
- Scenic Views and Prime Location
Perched in the San Mateo foothills, the property offers exceptional views of the San Francisco skyline and the bay, while being conveniently located directly across from Indian Springs Park.
- High-End Interior Finishes
The home features premium upgrades including cherry cabinetry, granite countertops, hardwood flooring, and a luxurious marble bathroom with a whirlpool tub, reflecting meticulous maintenance.
CONSRISKS & DEFICIENCIES
- Unpermitted Improvements
The 700-square-foot finished basement is explicitly noted as unpermitted, which may pose challenges for appraisals, financing, and future resale value.
- Market Momentum Concerns
The property has undergone two significant price reductions within its first 30 days on the market, suggesting initial overpricing and a potential struggle to attract buyers at the current valuation.
About 340 W 39th Avenue
Beautifully-maintained San Mateo home perched in the foothills with a SF city skyline and bay views! The bright, sunny main floor features 2 BR + full BA, large dining/living room with fireplace, eat-in kitchen, hardwood floors throughout, and a large deck off the back to take in the view. Kitchen features cherry cabinets and granite countertops, plus a sunny bay window looking at Indian Springs Park across the street. The full bath features marble shower and floors, a soothing whirlpool bath and spacious luxurious countertop. Downstairs is an additional ~700 sq.ft unpermitted finished walkout basement area with a private master bedroom that opens to the backyard, 3/4 bath, and a family room with bar and fireplace. An oversized two-car garage, loads of storage space, new paint inside and out, plus a lower-maintenance yard with turf round out this special home just waiting for the right family.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 5,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Mateo Unified Schools
Laurel Elementary School
Grades K-5 • 0.2 mi
4/10
Cipriani Elementary School
Grades K-5 • 0.9 mi
8/10
Fox Elementary School
Grades K-5 • 1.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,440 | 1,743.298 |
| Lot Size | 5,600 | 6,079.649 |
| Price | $1.90M | $2.26M |
| Price per sq ft | $1.3K | $1.4K |
| Built year | 1958 | 1952 |
| HOA | $0 | $387 |
| Days on market | 36 | 33 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,899,900
$1,999,900
-5% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$1,999,900
$2,199,000
-9% Price Drop
Initial Listing
Price Change
Sep 18, 2026
$2,199,000
Initial Listing
Sold
Jun 27, 2003
$636,000
Public Record