982 De Soto Lane, California, Foster City, 94404 - 3 bed, 2 bath
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California
This Value-Add Single-Family Residence is listed at $1,988,000, positioned near its $1,957,021 Fair Market Value. Currently maintaining a Condition Rating of 5, the property requires comprehensive interior modernization to unlock its full potential. However, the generous 2,110 sqft floor plan and proximity to top-rated schools—including Foster City Elementary (Rating 9)—provide a robust foundation for forced appreciation. Situated in a high-demand lagoon community, this asset is a strategic opportunity for Renovation Enthusiasts or Buy-and-Hold Investors seeking long-term equity growth in a premier Bay Area market.
Property is extensive renovation needed.
Built in 1975, this property is 49 years old. While the exterior appears maintained, there are no interior images provided, especially for the kitchen and bathrooms. In a property of this age, the absence of interior photos strongly suggests that these critical areas are likely original or significantly outdated, requiring substantial renovation and rehabilitation to meet current market standards and buyer expectations. The high list price for a home of this vintage without visible updates further implies that significant investment would be needed post-purchase.
Located in Foster City, a highly sought-after Bay Area community known for its lagoons, parks, and proximity to major tech employment centers.
With 2110 sqft, this 3-bedroom, 2-bathroom single-family home offers ample interior space for comfortable living and flexible use.
As a detached single-family home, it provides privacy, yard space, and long-term value appreciation potential, a premium in the competitive Bay Area market.
Listed since September 2022, the property has been on the market for over two years, suggesting potential issues with pricing, condition, or market appeal that have deterred buyers.
An unusually high $688 monthly association fee for a single-family home represents a significant ongoing cost that could deter potential buyers and impact affordability.
Built in 1975, the property likely requires significant updates to its major systems (HVAC, plumbing, electrical) and interior finishes to meet modern buyer expectations, implying substantial renovation costs.
Exceptional opportunity in California. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 2,110 | 2,160 | 41% |
| Lot Size | 4,910 | 5,338 | 24% |
| Price | $1.99M | $2.40M | 41% |
| Price per sq ft | $942 | $1.1K | 24% |
| Built year | 1975 | 1969 | 71% |
| HOA | $688.0 | $0 | 94% |
| Days on market | 1323 | 92 | 0% |
Sep 7, 2022
$1,988,000
Initial Listing