848 Edgewood Road, Redwood City, California 94062, Redwood City, 94062 - 4 bed, 3 bath
848 Edgewood Road
Redwood City, California 94062
Property Price
SUMMARY
Analysis of 848 Edgewood Road, Redwood City, California 94062 is currently available with a list price of $2,685,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Redwood City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This listing is for a vacant lot with the explicit purpose of building a new home, as indicated by 'year_built: 2024' and the description 'Build your dream home easily'. The images confirm it's a clear, buildable lot. While there is no existing structure to assess for kitchen/bathroom conditions, the property's 'condition' refers to its readiness and potential for a brand new, custom-built residence. The expedited building application process further supports the 'excellent' potential for a new, high-quality construction.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Situated in a highly sought-after area of Redwood City, offering convenient access to downtown San Carlos and desirable community amenities.
- Expedited Development Process
The property benefits from an expedited building application process with ministerial review, significantly reducing time and potential costs for construction.
- Large, Flat, and Private Lot
A generous 20,000 sq ft (nearly half-acre) flat and gated lot provides an ideal, private canvas for custom home construction.
CONSRISKS & DEFICIENCIES
- Substantial Additional Investment
The listed price is for the land only; the buyer must incur significant additional costs for the entire construction of the 4500 sqft home.
- Extended Project Timeline
Despite expedited permits, building a custom home is a multi-phase project requiring considerable time for design, permitting, and construction completion.
- Buyer's Project Management Responsibility
The buyer will be responsible for overseeing or managing the entire construction process, including hiring contractors and managing budgets, which can be complex.
About 848 Edgewood Road
Build your dream home easily in the most sought after area of Redwood City and minutes from downtown San Carlos. Gated, very private and flat 20,000k sq ft lot in premier Edgewood Road location. Expedited building application process with plans going straight to Redwood City Building Dept for Ministerial review saving time and money.The building application gets submitted to the Building department for ministerial review. Bring your contractor to build your own customized dream home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 20,494 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
John Gill Elementary School
Grades K-5 • 1.0 mi
Clifford Elementary School
Grades K-8 • 0.7 mi
Central Middle School
Grades 6-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 4,500 | 2,449 | 92% |
| Lot Size | 20,494 | 11,871.5 | 69% |
| Price | $2.69M | $2.52M | 56% |
| Price per sq ft | $597 | $1.2K | 5% |
| Built year | 2024 | 1962 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 746 | 182 | 0% |
Pricing History
Listed for Sale
Feb 20, 2024
$2,685,000
Initial Listing