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1243 Woodside Road, Redwood City, California 94061, Redwood City, 94061 - 3 bed, 2 bath

1243 Woodside Road, Redwood City, California 94061 home-pic-0
ACTIVE$2,000,000
1243 Woodside Road, Redwood City, California 94061
3Beds
2Baths
1,510Sqft
10,800Lot
Year Built
1948
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,325
HOA
-
Days on market
-
Sold On
-
MLS number
ML81945212
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(49th), sqft - 1510(37th), beds - 3(50th), baths - 2(50th).

Looking for a project to call your own? Look no further. This large ~10,800 sqft lot could be a great project. Rebuilt or renovate, the options are endless. Featuring a typical floor plan of a house of this age, and complete with a laundry room and 2 car carport, this property has 3 different points of ingress (2 on Woodside road and 1 on Alexander Avenue), making even more possibilities. Conveniently located near downtown Redwood City & Menlo Park shops, restaurants, entertainment, Caltrain, routes 280 and 101. Also, nearby several major employment centers, Google Seaport Blvd. Campus, Stanford Medicine RWC, Meta/Facebook and page mill/sandhill road.

Nearby schools

5/10
Selby Lane Elementary School
Public,•K-8•0.3mi
5/10
John F. Kennedy Middle School
Public,•5-8•0.7mi
6/10
Woodside High School
Public,•9-12•1.1mi
7/10
Menlo-Atherton High School
Public,•9-12•2.9mi

Price History

Date
Event
Price
10/17/23
Listing
$2,000,000
Condition Rating
Tear down
Built in 1948, this property is 76 years old. The listing explicitly describes it as a 'project' with options to 'rebuild or renovate,' strongly suggesting the existing structure is either beyond economical repair or functionally obsolete. The phrase 'typical floor plan of a house of this age' further indicates outdated systems, finishes, and layout. The image shows an aged exterior with a worn roof and neglected landscaping, reinforcing the need for extensive work. The property's value is clearly being marketed for its large lot and redevelopment potential, aligning with the 'tear-down' criteria where the structure's value is minimal.
Pros & Cons

Pros

Prime Location & Accessibility: Conveniently situated near downtown Redwood City and Menlo Park, offering easy access to shops, restaurants, entertainment, Caltrain, and major freeways (280 & 101).
Proximity to Major Employment Centers: Located near prominent tech and medical hubs including Google Seaport Blvd. Campus, Stanford Medicine RWC, Meta/Facebook, and the Page Mill/Sand Hill Road corridor, attracting a strong buyer pool.
Large Lot Size: A substantial ~10,800 sqft lot provides ample space for expansion, extensive landscaping, or potential future development, enhancing long-term value.
Multiple Ingress Points: The property benefits from three distinct access points (two on Woodside Road and one on Alexander Avenue), offering unique flexibility for site planning or potential redevelopment.
Renovation/Rebuild Opportunity: Marketed as a 'project,' it offers a significant opportunity for buyers to customize, renovate, or rebuild to their exact specifications, maximizing equity in a desirable area.

Cons

Significant Renovation Required: Built in 1948, the property is explicitly described as a 'project' and will require substantial investment for modernization or a complete rebuild to meet contemporary standards.
Potential Overpricing: The listing price of $2,000,000 is 5% higher than the estimated property value, which, combined with the extensive renovation needs, may present a challenge for some buyers.
Outdated Design & Systems: Given its 1948 construction, the property likely features an outdated floor plan, finishes, and potentially inefficient infrastructure, necessitating comprehensive upgrades.

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