728 Elm 205, San Carlos, California 94070, San Carlos, 94070 - 2 bed, 2 bath
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728 Elm 205
San Carlos, California 94070
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,070Sq Ft
1,237Lot Size
Property Price
LIST PRICE$745,000
EST. MARKET VALUE
$745,000
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $745,000, which aligns with its $745,000 Fair Market Value. While the property maintains a Fair Condition Rating due to dated finishes, its move-in-ready status and prime downtown location offer immediate utility. Residents benefit from proximity to the highly-rated Central Middle School (9/10) and vibrant city amenities. With a functional end-unit layout, pool access, and a private balcony, this property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a stable, walkable lifestyle in San Carlos.
Estimated Market Value
$745,000
Based on Realkey algorithm analyzing recent comparable sales in San Carlos.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the unit is move-in ready with fresh paint and new carpet, the kitchen and bathrooms are dated, featuring older tile countertops, cabinetry, and appliances likely exceeding 20 years in age. The 1966 structure and lack of recent modern renovations to major systems place it in the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Central Middle School (9/10).
- Prime Downtown Location
Situated in the heart of San Carlos, this property offers exceptional walkability to top-rated schools, the Caltrain station, and the vibrant downtown dining and shopping district.
- Exceptional Value
As the lowest-priced two-bedroom, two-bathroom condo in San Carlos, this move-in-ready unit features fresh paint and new carpet, providing an affordable entry point into a highly desirable market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1237, other record lot size in square feet = 23241.
- High Monthly HOA Dues
The association fee of $772 per month is relatively high for this price point, which may impact the overall monthly affordability for budget-conscious buyers.
- Extended Days on Market
With over 220 days on the market and a recent price reduction, the property may face challenges regarding perceived market value or buyer hesitation despite its move-in-ready condition.
About 728 Elm 205
***LOWEST PRICED 2-Bedroom 2-Bathroom Condo in San Carlos*** Premier downtown location in the heart of The City of Good Living. Enjoy effortless access to shops, restaurants, the library, senior and youth centers, parks, top-rated schools, the train station, weekly Farmers' Market, and year-round festivals all just steps from your door. This charming end-unit condo offers privacy, natural light, and a thoughtfully designed layout. The kitchen is impeccably maintained and ideal for home chefs, flowing seamlessly into a dining area perfect for entertaining. Relax in the spacious living room or step out onto the generous balcony overlooking the sparkling pool. The primary suite features private balcony access and an en suite bath, while the sizable guest bedroom is served by a conveniently located second bath. A large hall closet provides potential for in-unit laundry. Enjoy beautifully landscaped grounds, a community pool, dedicated parking, and extra storage. Freshly painted with new carpet, this home is move-in ready. A must-see gem in an unbeatable location! Property is virtually staged.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1966
- Lot Size
- 1,237 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $772.0 / Month
Neighborhood Insights
San Carlos Unified Schools
Central Middle School
Grades 6-8 • 0.2 mi
9/10
Sequoia High School
Grades 9-12 • 1.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,070 | 1,192.429 |
| Lot Size | 1,237 | 1,032.2 |
| Price | $745.0K | $1.06M |
| Price per sq ft | $696 | $906 |
| Built year | 1966 | 2001 |
| HOA | $772.0 | $781 |
| Days on market | 240 | 43 |
Pricing History
Listed for Sale
Apr 18, 2026
$745,000
$798,000
-7% Price Drop
Initial Listing
Price Change
Jan 12, 2026
$798,000
Initial Listing