827 Chestnut Street, Redwood City, California 94063, Redwood City, 94063 - 2 bed, 1 bath
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Redwood City, California 94063
This property presents a Strong Value Opportunity with a List Price of $989,000—positioned well below the $1,080,443 Fair Market Value by 8%. This valuation gap offers $91,443 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home provides a functional, move-in ready base with significant potential for cosmetic modernization. Its prime location near downtown Redwood City and major transit corridors makes this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 827 Chestnut Street Subject | $989,000* List Price | 2 | 1 | 1,160 | $931 | - |
A 603 Warrington Avenue Sold | $950,000 | 3 | 1 | 1,010 | $941 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this home is significantly aged but has received recent cosmetic updates including fresh paint and new laminate/tile flooring. While functional and move-in ready, the kitchen cabinetry and overall aesthetic are dated (likely 20+ years old), and the listing explicitly frames it as an opportunity to 'customize,' indicating that major systems and rooms likely require modernization.
The property is ideally situated within walking distance to downtown Redwood City and offers convenient proximity to Kaiser Hospital, Costco, and major commuter routes including Highways 101, 84, and 280.
Featuring fresh interior paint and new laminate and tile flooring throughout, the home provides a clean, updated aesthetic that improves durability and allows for immediate move-in.
Positioned as a 'value opportunity' on a 5,000 square foot lot, this property offers a rare entry point for buyers or investors looking to customize, expand, or renovate in a high-demand market.
The residence includes only one bathroom, which may be a significant drawback for families or buyers seeking modern convenience and higher resale value.
With only 1,160 square feet of living area, the home's modest footprint may require additional capital investment for extensions to meet the needs of contemporary lifestyle standards.
This is a great value opportunity for buyers looking to customized and create their dream home or in invest in a prime peninsula. This classic home is offering a functional layout with spacious 2-bedroom, 1-bath home, living room, family room and dining on a lot of approximately 5,000 square feet. Fresh paint, and new flooring throughout the home includes laminate and tile, enhancing durability and ease of maintenance. A large front/ back yard for relaxation. The laundry facilities are conveniently located in the garage. Walking distance to downtown Redwood City, Kaiser hospital and Costco are nearby, easy access to freeway 101, 84, 280. Don't miss this excellent opportunity with incredible potential.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 5-8 • 2.0 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,160 | 1,260 | 38% |
| Lot Size | 5,000 | 5,690 | 38% |
| Price | $989.0K | $1.48M | 15% |
| Price per sq ft | $853 | $1.1K | 8% |
| Built year | 1946 | 1947 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 100 | 4% |
Jun 1, 2026
$989,000
Initial Listing
Nov 15, 2024
$945,000
Public Record
Feb 26, 2016
$812,000
Public Record