982 De Soto Lane, California, Foster City, 94404 - 3 bed, 2 bath
ACTIVE$1,988,000
982 De Soto Lane, California
3Beds
2Baths
2,110Sqft
4,910Lot
Price Vs. Estimate
The estimated value ($1,741,972.705) is $246,027.295 (12%) lower than the list price ($1,988,000). This property may be overpriced.
Key pros and cons
Top Pros:
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.
Top Cons:
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.
Compared to the nearby listings
Price:$1.99M vs avg $2.15M ($-162,000)33%
Size:2,110 sqft vs avg 2,030 sqft54%
Price/sqft:$942 vs avg $1.1K21%
More Insights
Built in 1975 (50 years old).
Condition: 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age, the absence of interior photos strongly suggests that these critical areas are likely original or significantly outdated, requiring substantial renovation and rehabilitation to meet current market standards and buyer expectations.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.
Year Built
1975
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$942
HOA
$688
Days on market
-
Sold On
-
MLS number
ML81906458
Home ConditionPoor
Features
View-
About this home
Nearby schools
9/10
Foster City Elementary School
Public,•K-5•0.6mi
6/10
Audubon Elementary School
Public,•K-5•1.1mi
7/10
Bowditch Middle School
Public,•6-8•1.2mi
7/10
San Mateo High School
Public,•9-12•3.8mi
Condition Rating
Poor
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age, the absence of interior photos strongly suggests that these critical areas are likely original or significantly outdated, requiring substantial renovation and rehabilitation to meet current market standards and buyer expectations.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.
Pros & Cons
Pros
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.
Good Lot Size: The 4910 sqft lot provides valuable outdoor space for recreation, gardening, or potential future expansion, enhancing lifestyle and property value.
Established Neighborhood: Built in 1975, the property is likely situated within a mature, well-developed neighborhood with established infrastructure and community amenities.
Cons
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.