982 De Soto Lane, California, Foster City, 94404 - 3 bed, 2 bath
982 De Soto Lane
California
Property Price
SUMMARY
Analysis of 982 De Soto Lane, California reveals a property with a current list price of $1,988,000, which is 12% above the estimated $1,741,972 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 982 De Soto Lane Subject | $1,988,000* List Price | 3 | 2 | 2,110 | $826 | - |
A 320 Bowfin Street Sold | $2,000,000 | 4 | 3 | 2,300 | $870 | 0.8 mi |
B 167 Shooting Star Sold | $2,268,000 | 4 | 3 | 2,040 | $1,112 | 0.2 mi |
C 1100 Bounty Drive Pending | $1,799,000 List Price | 3 | 2 | 1,640 | $1,097 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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age, the absence of interior photos strongly suggests that these critical areas are likely original or significantly outdated, requiring substantial renovation and rehabilitation to meet current market standards and buyer expectations.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.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location
Located in Foster City, a highly sought-after Bay Area community known for its lagoons, parks, and proximity to major tech employment centers.
- Generous Living Space
With 2110 sqft, this 3-bedroom, 2-bathroom single-family home offers ample interior space for comfortable living and flexible use.
- Single-Family Residence
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.
CONSRISKS & DEFICIENCIES
- Excessively Long Market Time
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.
- High Monthly Association Fee
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.
- Potential for Dated Systems/Finishes
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.
About 982 De Soto Lane
Exceptional opportunity in California. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1975
- Lot Size
- 4,910 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $688.0 / Month
Neighborhood Insights
California Unified Schools
Foster City Elementary School
Grades K-5 • 0.6 mi
Audubon Elementary School
Grades K-5 • 1.1 mi
Bowditch Middle School
Grades 6-8 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 2,110 | 1,930 | 54% |
| Lot Size | 4,910 | 5,329 | 19% |
| Price | $1.99M | $2.20M | 42% |
| Price per sq ft | $942 | $1.1K | 15% |
| Built year | 1975 | 1972 | 73% |
| HOA | $688.0 | $0 | 92% |
| Days on market | 1277 | 181 | 0% |
Pricing History
Listed for Sale
Sep 7, 2022
$1,988,000
Initial Listing