657 Walnut Street 331, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 2 bath
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657 Walnut Street 331
San Carlos, California 94070
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,497Sq Ft
1,514Lot Size
Property Price
LIST PRICE$1,595,000
EST. MARKET VALUE
$1,590,966
SUMMARY
This Luxury Condominium is a stable market offering, listed at $1,625,000, which aligns closely with its $1,601,245 Fair Market Value. Built in 2020, this residence maintains an Excellent Condition Rating, featuring a designer kitchen and an oversized covered corner patio. Its prime location in downtown San Carlos provides unparalleled walkability to Caltrain and local amenities. While the monthly association fee is notable, the property’s modern finishes and turnkey status offer a sophisticated lifestyle. This is an ideal acquisition for professional commuters or discerning owner-occupants seeking a premium, low-maintenance urban sanctuary.
Estimated Market Value
$1,590,966
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 |
|---|---|---|---|---|---|---|
★ 657 Walnut Street 331 Subject 3 bd · 2 ba · 1,497 sqft · $1,063 | $1,595,000* List Price | 3 | 2 | 1,497 | $1,063 | - |
A 657 Walnut Street 423 Sold 2 bd · 2 ba · 1,223 sqft · $1,198 · 0.0 mi | $1,465,000 | 2 | 2 | 1,223 | $1,198 | 0.0 mi |
B 657 Walnut Street 540 Sold 2 bd · 2 ba · 1,223 sqft · $1,214 · 0.1 mi | $1,485,000 | 2 | 2 | 1,223 | $1,214 | 0.1 mi |
C 520 520 El Camino Real 309 Sold 3 bd · 2 ba · 1,424 sqft · $920 · 0.2 mi | $1,310,000 | 3 | 2 | 1,424 | $920 | 0.2 mi |
D 656 Walnut Street 401 Sold 3 bd · 2 ba · 1,628 sqft · $986 · 0.0 mi | $1,605,000 | 3 | 2 | 1,628 | $986 | 0.0 mi |
E 793 Elm Street 23 Sold 2 bd · 2 ba · 1,512 sqft · $880 · 0.2 mi | $1,330,000 | 2 | 2 | 1,512 | $880 | 0.2 mi |
F 633 Elm Street 209 Sold 2 bd · 2 ba · 1,147 sqft · $1,107 · 0.1 mi | $1,270,000 | 2 | 2 | 1,147 | $1,107 | 0.1 mi |
G 657 Walnut Street 303 Pending 2 bd · 2 ba · 1,223 sqft · $1,144 · 0.1 mi | $1,398,800 List Price | 2 | 2 | 1,223 | $1,144 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2020, this luxury condominium is less than 10 years old and remains in mint, move-in condition. The property features high-end modern finishes, including a designer kitchen with premium stainless steel appliances and quartz countertops, pristine spa-inspired bathrooms, and updated systems requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of San Carlos at Wheeler Plaza, this residence offers unparalleled walkability to Laurel Street’s premier dining, boutique shopping, and the Caltrain station for easy commuting.
- Modern Corner Layout
Built in 2020, this rare corner unit features expansive walls of glass that flood the home with natural light and includes a unique, oversized covered patio with custom privacy screens.
- High-End Interior Finishes
The property showcases sophisticated urban design with a chef’s kitchen featuring quartz countertops and premium appliances, alongside a spa-inspired primary suite with a walk-in closet.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $886 is significant, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
- Market Stagnation
With 36 days on the market and a recent $50,000 price reduction, the property is experiencing slower momentum, potentially indicating a mismatch between the initial asking price and current buyer demand.
About 657 Walnut Street 331
Experience the perfect blend of sophisticated urban living and small-town charm at Wheeler Plaza, one of downtown San Carlos' premier luxury communities. Built in 2020, this rarely available corner residence offers 3 spacious bedrooms, 2 beautifully appointed bathrooms, and an abundance of natural light through expansive walls of glass. The open-concept floor plan showcases a designer kitchen featuring premium appliances, quartz countertops, and seamless flow into the generous living and dining areas ideal for both everyday living and entertaining. One of the home's standout features is the oversized covered corner patio with custom privacy screens, creating an exceptional extension of the living space. The luxurious primary suite serves as a private retreat with a spa-inspired bathroom and walk-in closet, while two additional bedrooms and a full bath are thoughtfully positioned for comfort and privacy. Additional highlights include an in-unit washer and dryer, secure garage parking, dedicated storage, and an unbeatable location just moments from Laurel Street's renowned dining, boutique shopping, cafe's, farmers market, and Caltrain. This is downtown San Carlos living at its finest.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2020
- Lot Size
- 1,514 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $886.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.7 |
| Baths | 2.0 | 1.7 |
| Square foot | 1,497 | 1,112.818 |
| Lot Size | 1,514 | 1,055.222 |
| Price | $1.59M | $996.7K |
| Price per sq ft | $1.1K | $905 |
| Built year | 2020 | 1991 |
| HOA | $886.0 | $734 |
| Days on market | 69 | 51 |
Pricing History
Listed for Sale
Sep 24, 2026
$1,595,000
$1,625,000
-2% Price Drop
Initial Listing
Price Change
Sep 12, 2026
$1,625,000
$1,675,000
-3% Price Drop
Initial Listing
Price Change
Aug 17, 2026
$1,675,000
Initial Listing
Sold
Oct 18, 2023
$1,608,000
Public Record
Sold
Apr 17, 2020
$1,599,000
Public Record