402 Portofino Drive 3, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 2 bath
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402 Portofino Drive 3
San Carlos, California 94070
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,570Sq Ft
1,084Lot Size
Property Price
LIST PRICE$1,199,000
EST. MARKET VALUE
$1,261,881
4% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,244,570 Fair Market Value by 3%. This valuation gap offers $45,570 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home boasts Panoramic Bay Views, an updated kitchen, and a versatile loft space. Located near top-rated schools like Clifford Elementary, this property balances lifestyle convenience with financial stability. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey home.
Estimated Market Value
$1,261,881+$62,881 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Carlos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 Portofino Drive 3 Subject | $1,199,000* List Price | 3 | 2 | 1,570 | $804 | - |
A 404 Portofino Drive 3 Sold | $1,255,000 | 2 | 2 | 1,570 | $799 | 0.0 mi |
B 3357 Brittan Avenue 6 Active | $1,050,000 List Price | 3 | 2 | 1,239 | $847 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1961, the property is well-maintained and move-in ready. It features an updated kitchen with stainless steel appliances and stone countertops likely renovated within the last 10-15 years. The interior shows clean carpets, fresh paint, and functional living spaces consistent with the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Bay Views
The property features floor-to-ceiling windows and a private balcony offering breathtaking, sweeping views of the San Francisco Bay and surrounding hills from nearly every room.
- Versatile Living Space
Boasting 1,570 square feet, the layout includes a flexible loft-style upper level that can serve as a third bedroom or home office, providing rare adaptability for a condominium.
- Updated Modern Finishes
The home includes a thoughtfully updated kitchen with modern finishes and quality appliances, combined with the convenience of in-unit laundry and two dedicated parking spaces.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1084, other record lot size in square feet = 81571. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- High Monthly HOA Fees
The monthly association fee of $707 is substantial, which increases the total cost of ownership and may be a deterrent for budget-conscious buyers.
- Extended Days on Market
With 42 days on the market and a prior price reduction of $80,000, the property faced initial challenges in market traction, suggesting sensitivity to its 1961 vintage or pricing.
About 402 Portofino Drive 3
Perched in the desirable San Carlos Hills, this exceptional 3Bed 2Bath townhome-style condominium offers 1,570 square feet of light-filled living space and sweeping panoramic views of the Bay and surrounding hills. Floor-to-ceiling windows flood the home with natural light while showcasing breathtaking vistas that can be enjoyed from nearly every room. Spacious living and dining areas flow seamlessly to a private balcony, creating the perfect setting for morning coffee, evening sunsets, or entertaining against a stunning backdrop. The thoughtfully designed floor plan features an updated kitchen with modern finishes, ample storage, and quality appliances. A versatile loft-style upper level serves as a spacious 3rd bedroom, home office, or bonus retreat, adding flexibility to meet a variety of needs. Additional highlights include in-unit laundry, abundant storage, and two dedicated parking spaces. Residents enjoy access to community amenities including pool, maintained grounds, and peaceful walking paths. Ideally located just minutes from vibrant downtown San Carlos, top-rated San Carlos schools, scenic hiking trails, Caltrain, and major commuter routes, this move-in ready home offers the perfect balance of tranquility, convenience, and breathtaking Peninsula living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1961
- Lot Size
- 1,084 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $707.0 / Month
Neighborhood Insights
San Carlos Unified Schools
Clifford Elementary School
Grades K-8 • 1.0 mi
6/10
John F. Kennedy Middle School
Grades 5-8 • 3.0 mi
5/10
Sequoia High School
Grades 9-12 • 2.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.9 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,570 | 1,192.429 |
| Lot Size | 1,084 | 1,032.2 |
| Price | $1.20M | $1.06M |
| Price per sq ft | $764 | $906 |
| Built year | 1961 | 2001 |
| HOA | $707.0 | $781 |
| Days on market | 61 | 43 |
Pricing History
Listed for Sale
Jul 11, 2026
$1,199,000
Initial Listing
Price Change
Jul 10, 2026
$1,279,000
Initial Listing
Sold
Dec 1, 2011
$450,000
Public Record
Sold
Mar 15, 2007
$685,000
Public Record
Sold
Jun 26, 2002
$360,000
Public Record