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345 E 39th Avenue, San Mateo, California 94403, San Mateo, 94403 - 2 bed, 1 bath

345 E 39th Avenue, San Mateo, California 94403 home-pic-0
ACTIVE UNDER CONTRACT$1,365,500
345 E 39th Avenue, San Mateo, California 94403
2Beds
1Bath
860Sqft
5,000Lot
Year Built
1950
Close
-
List price
$1.37M
Original List price
$1.4M
Price/Sqft
$1,588
HOA
-
Days on market
89 Days
Sold On
2025-12-01
MLS number
ML82020061
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.37M(5th), sqft - 860(3th), beds - 2(15th), baths - 1(14th).

ATTENTION Contractors, Investors & First-Time Buyers An exceptional opportunity to restore, rebuild, or reimagine. This property offers endless possibilitiesideal for contractors, flippers, or families ready to create their own vision, Expand, or redevelopthe potential is wide open. The location is a major plus just minutes to shopping and dining, convenient access to San Francisco and Silicon Valley for commuters. Situated in San Mateos sought-after Village neighborhood, known for its charm, tree-lined streets, and strong community feel. This is a true as-is sale. Buyers should complete all due diligence to confirm square footage, usage, and property condition. Bring your contractor and imagination. This one is not to be missed!

Nearby schools

7/10
George Hall Elementary School
Public,•K-5•0.3mi
8/10
Cipriani Elementary School
Public,•K-5•1.8mi
7/10
Redwood Shores Elementary School
Public,•K-5•2.8mi
8/10
Fox Elementary School
Public,•K-5•2.8mi
8/10
Sandpiper Elementary School
Public,•K-6•2.8mi
7/10
Nesbit Elementary School
Public,•K-8•1.0mi
4/10
Abbott Middle School
Public,•6-8•1.4mi
9/10
Ralston Intermediate School
Public,•6-8•2.2mi
7/10
Hillsdale High School
Public,•9-12•1.6mi
9/10
Carlmont High School
Public,•9-12•2.1mi

Price History

Date
Event
Price
10/01/25
Price Change
$1,365,500-2.5%
09/03/25
Listing
$1,400,000
Condition Rating
Poor
Built in 1950, this property is explicitly marketed as an 'as-is sale' and an 'opportunity to restore, rebuild, or reimagine' for 'contractors, flippers, or families ready to create their own vision.' The description strongly suggests the property requires substantial repairs and rehabilitation. The single image of the garage/utility area shows exposed, unfinished walls, an old water heater, a basic utility sink, and worn concrete floors, indicating a severe lack of maintenance and modernization. While no images of the kitchen or bathroom are provided, the overall tone and the visible condition of the garage imply that these areas would also be in a state requiring complete renovation or replacement. The property likely has significant defects or requires extensive system replacements, making it uncomfortable or potentially unsafe in its current state, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Location & Connectivity: Situated in San Mateo's sought-after Village neighborhood, offering excellent access to shopping, dining, and convenient commutes to San Francisco and Silicon Valley.
Significant Redevelopment Potential: Described as an 'exceptional opportunity to restore, rebuild, or reimagine,' making it ideal for contractors, investors, or families looking to customize and add value.
Desirable Neighborhood: Located in a charming, tree-lined community known for its strong community feel, enhancing its long-term appeal.
Good School Access: Proximity to several highly-rated public schools, including George Hall Elementary within walking distance, which is attractive for families.
Generous Lot Size: A 5,000 sqft lot provides ample space for potential expansion of the existing structure or significant landscaping improvements.

Cons

Extensive Renovation Required: Explicitly sold 'as-is' and marketed towards contractors/investors, indicating a significant investment in time and capital will be needed for restoration or redevelopment.
Outdated & Small Structure: Built in 1950 with only 860 sqft, 2 beds, and 1 bath, the existing structure is likely outdated and small for modern living standards, necessitating major updates or expansion.
Potential Overpricing: The current listing price is higher than the estimated property value, suggesting it may be overpriced given its 'as-is' condition and the substantial investment required.

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