400 Patricia Avenue, San Mateo, California 94401, San Mateo, 94401 - 3 bed, 1 bath
ACTIVE$1,150,000$1,000/sqft
Est. Value: $1,189,331
3%
BelowEstimate
400 Patricia Avenue, San Mateo, California 94401
3Beds
1Bath
1,000Sqft
7,811Lot
Price Vs. Estimate
The estimated value ($1,189,330.575) is $39,330.575 (3%) higher than the list price ($1,150,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7811, living area = 1000.
Top Cons:
Original Condition Requiring Updates: The home is in original condition, indicating that significant renovation and modernization efforts will be required to update its aesthetics and systems.
Compared to the nearby listings
Price:$1.15M vs avg $1.41M ($-256,000)13%
Size:1,000 sqft vs avg 1,353 sqft29%
Price/sqft:$1.1K vs avg $1.1K61%
More Insights
Built in 1950 (76 years old).
Condition: Built in 1950 and explicitly described as being in 'original condition,' this property requires substantial rehabilitation. The kitchen features severely outdated red tile countertops and backsplash, old appliances (including a vintage range), and worn linoleum flooring. The bathroom is equally dated with green wall tiles, old wallpaper, and a basic vanity. Throughout the home, the blue carpets are heavily stained and worn, and the overall finishes, including light fixtures and wall-mounted heating units, are from an earlier era, indicating a need for a complete renovation of all major interior components.
Year Built
1950
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$1,150
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030292
Home ConditionPoor
Features
Patio
View-
About this home
Welcome to 400 Patricia Ave! This is a great opportunity for you to own a prime corner lot just moments from vibrant downtown San Mateo. This home is in original condition and offers a comfortable, cozy feel with great potential to make it your own. It features a double-wide gate with easy access to a huge backyard ideal for expansion, entertaining, or creating your dream outdoor space. The backyard is enhanced by two charming barn-style storage sheds, adding both character and abundant storage for tools, hobbies, or creative projects. With exceptional walkability to shops, dining, and local amenities, along with easy access to major commute routes, this property offers the perfect blend of convenience, flexibility, and future potential. Don't miss out!
M
Miriam Cruz
Listing Agent
Nearby schools
2/10
Horrall Elementary School
Public,•K-5•0.5mi
4/10
Parkside Elementary School
Public,•K-5•1.0mi
7/10
Bayside S.T.E.M. Academy
Public,•6-8•1.0mi
7/10
San Mateo High School
Public,•9-12•1.1mi
8/10
Aragon High School
Public,•9-12•1.6mi
Condition Rating
Poor
Built in 1950 and explicitly described as being in 'original condition,' this property requires substantial rehabilitation. The kitchen features severely outdated red tile countertops and backsplash, old appliances (including a vintage range), and worn linoleum flooring. The bathroom is equally dated with green wall tiles, old wallpaper, and a basic vanity. Throughout the home, the blue carpets are heavily stained and worn, and the overall finishes, including light fixtures and wall-mounted heating units, are from an earlier era, indicating a need for a complete renovation of all major interior components.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7811, living area = 1000.
Exceptional Location & Walkability: The property boasts a prime corner lot moments from vibrant downtown San Mateo, offering exceptional walkability to shops, dining, and local amenities.
Significant Expansion Potential: A huge backyard with a double-wide gate provides ample space and flexibility for future expansion, landscaping, or creating a dream outdoor living area.
Commuter Accessibility: The location offers easy access to major commute routes, making it highly convenient for residents traveling throughout the Bay Area.
Generous Lot Size: With a substantial 7,811 sqft lot, the property offers considerable outdoor space, privacy, and potential for various uses.
Valuable Storage & Character: Two charming barn-style storage sheds provide abundant storage for tools, hobbies, or projects, while also adding unique character to the property.
Cons
Original Condition Requiring Updates: The home is in original condition, indicating that significant renovation and modernization efforts will be required to update its aesthetics and systems.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present practical challenges and inconvenience for families or multiple occupants.
Lower-Rated Elementary Schools: The proximity to elementary schools with lower ratings (Horrall Elementary: 2, Parkside Elementary: 4) could be a drawback for buyers prioritizing top-tier public education.