424 5th Avenue, Redwood City, California 94063, Redwood City, 94063 - 2 bed, 1 bath
ACTIVE$940,000
424 5th Avenue, Redwood City, California 94063
2Beds
1Bath
1,000Sqft
3,000Lot
Price Vs. Estimate
The estimated value ($915,296.71) is $24,703.29 (2%) lower than the list price ($940,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Walkability: The property boasts an exceptional location, just steps from vibrant downtown Redwood City, offering unbeatable access to Caltrain, dining, shopping, and local parks, making it one of the Peninsula's most walkable neighborhoods.
Top Cons:
Limited Size (Beds/Baths/Sqft): With 2 bedrooms, 1 bathroom, and 1000 sqft, the property's smaller footprint may limit its appeal to larger families or those seeking more living space.
Compared to the nearby listings
Price:$940.0K vs avg $1.32M ($-382,500)8%
Size:1,000 sqft vs avg 1,195 sqft25%
Price/sqft:$940 vs avg $1.1K25%
More Insights
Built in 1959 (66 years old).
Condition: This home has undergone an extensive and thoughtful renovation, as evidenced by the modern interior finishes, including a contemporary kitchen with stainless steel appliances, dark cabinetry, granite countertops, and a mosaic tile backsplash. The bathroom features a stylish double vanity with vessel sinks and an illuminated mirror. Dark hardwood floors, recessed lighting, and a split AC unit are present throughout, indicating recent upgrades. The listing also confirms a newer roof and upgraded electrical, aligning with the 'extensively renovated within 5 years' criteria for an excellent score.
Year Built
1959
Close
-
List price
$940K
Original List price
$1,000K
Price/Sqft
$940
HOA
-
Days on market
-
Sold On
-
MLS number
ML82022313
Home ConditionExcellent
Features
Patio
View-
About this home
Welcome to 424 Fifth Ave! This thoughtfully remodeled home is just steps from vibrant downtown Redwood City. Move-in ready with permitted updates including a newer roof, upgraded electrical, and modern interior finishes. The bright, open layout flows seamlessly into a spacious yardperfect for entertaining or relaxing. All this with unbeatable access to Caltrain, dining, shopping, and local parks. A rare chance to own a stylish, upgraded home in one of the Peninsulas most walkable neighborhoods!
Condition Rating
Excellent
This home has undergone an extensive and thoughtful renovation, as evidenced by the modern interior finishes, including a contemporary kitchen with stainless steel appliances, dark cabinetry, granite countertops, and a mosaic tile backsplash. The bathroom features a stylish double vanity with vessel sinks and an illuminated mirror. Dark hardwood floors, recessed lighting, and a split AC unit are present throughout, indicating recent upgrades. The listing also confirms a newer roof and upgraded electrical, aligning with the 'extensively renovated within 5 years' criteria for an excellent score.
Pros & Cons
Pros
Prime Location & Walkability: The property boasts an exceptional location, just steps from vibrant downtown Redwood City, offering unbeatable access to Caltrain, dining, shopping, and local parks, making it one of the Peninsula's most walkable neighborhoods.
Extensive Remodel & Move-in Ready: This home has been thoughtfully remodeled with modern interior finishes and permitted updates, including a newer roof and upgraded electrical, ensuring it is move-in ready and reduces immediate buyer expenses.
Modern Interior & Open Layout: The bright, open layout combined with modern interior finishes creates an inviting and contemporary living space that appeals to current buyer preferences.
Spacious Outdoor Space: The property features a spacious yard, ideal for entertaining or relaxing, which is a valuable amenity in an urban setting.
Permitted Updates: The inclusion of permitted updates, such as a newer roof and upgraded electrical, provides buyers with peace of mind regarding the quality and legality of the renovations.
Cons
Limited Size (Beds/Baths/Sqft): With 2 bedrooms, 1 bathroom, and 1000 sqft, the property's smaller footprint may limit its appeal to larger families or those seeking more living space.
Older Core Structure: Despite extensive remodeling, the home's original construction year of 1959 could imply potential for underlying issues not addressed by renovations or less modern infrastructure (e.g., insulation, foundation) compared to newer builds.
Price Point vs. Size/Market Estimation: The current list price of $940,000 for 1000 sqft, even after a reduction, is at a premium, and the property's estimation ratio suggests it may still be slightly above market value, potentially narrowing the pool of interested buyers.