345 E 39th Avenue, San Mateo, California 94403, San Mateo, - bed, bath
ACTIVE UNDER CONTRACT$1,365,500
345 E 39th Avenue, San Mateo, California 94403
2Beds
1Bath
860Sqft
5,000Lot
Year Built
1950
Close
-
List price
$1.37M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
89 Days
Sold On
2025-12-01
MLS number
ML82020061
Home ConditionPoor
Features
View-
About this home
ATTENTION Contractors, Investors & First-Time Buyers An exceptional opportunity to restore, rebuild, or reimagine. This property offers endless possibilitiesideal for contractors, flippers, or families ready to create their own vision, Expand, or redevelopthe potential is wide open. The location is a major plus just minutes to shopping and dining, convenient access to San Francisco and Silicon Valley for commuters. Situated in San Mateos sought-after Village neighborhood, known for its charm, tree-lined streets, and strong community feel. This is a true as-is sale. Buyers should complete all due diligence to confirm square footage, usage, and property condition. Bring your contractor and imagination. This one is not to be missed!
Price History
Date
Event
Price
10/01/25
Price Change
$1,365,500-2.5%
09/03/25
Listing
$1,400,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (81 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 11% |
| Baths | 1 | 2 | 13% |
| Square foot | 860 | 1,730 | 2% |
| Lot Size | 5,000 | 6,000 | 21% |
| Price | $1.37M | $2.15M | 4% |
| Price per square foot | $1,588 | $1,290.5 | 96% |
| Built year | 1950 | 9760976 | 40% |
| HOA | |||
| Days on market | 62 | 127 | 22% |
Condition Rating
Poor
Built in 1950, this property is explicitly marketed as an 'as-is sale' and an 'opportunity to restore, rebuild, or reimagine' for 'contractors, flippers, or families ready to create their own vision.' The description strongly suggests the property requires substantial repairs and rehabilitation. The single image of the garage/utility area shows exposed, unfinished walls, an old water heater, a basic utility sink, and worn concrete floors, indicating a severe lack of maintenance and modernization. While no images of the kitchen or bathroom are provided, the overall tone and the visible condition of the garage imply that these areas would also be in a state requiring complete renovation or replacement. The property likely has significant defects or requires extensive system replacements, making it uncomfortable or potentially unsafe in its current state, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Great Schools: Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
Prime Location & Connectivity: Situated in San Mateo's sought-after Village neighborhood, offering excellent access to shopping, dining, and convenient commutes to San Francisco and Silicon Valley.
Significant Redevelopment Potential: Described as an 'exceptional opportunity to restore, rebuild, or reimagine,' making it ideal for contractors, investors, or families looking to customize and add value.
Desirable Neighborhood: Located in a charming, tree-lined community known for its strong community feel, enhancing its long-term appeal.
Good School Access: Proximity to several highly-rated public schools, including George Hall Elementary within walking distance, which is attractive for families.
Generous Lot Size: A 5,000 sqft lot provides ample space for potential expansion of the existing structure or significant landscaping improvements.
Cons
Extensive Renovation Required: Explicitly sold 'as-is' and marketed towards contractors/investors, indicating a significant investment in time and capital will be needed for restoration or redevelopment.
Outdated & Small Structure: Built in 1950 with only 860 sqft, 2 beds, and 1 bath, the existing structure is likely outdated and small for modern living standards, necessitating major updates or expansion.
Potential Overpricing: The current listing price is higher than the estimated property value, suggesting it may be overpriced given its 'as-is' condition and the substantial investment required.