848 Edgewood Road, Redwood City, California 94062, Redwood City, - bed, bath
ACTIVE UNDER CONTRACT$2,685,000
848 Edgewood Road, Redwood City, California 94062
4Beds
3Baths
4,500Sqft
20,494Lot
Year Built
2024
Close
-
List price
$2.69M
Original List price
$2.69M
Price/Sqft
-
HOA
-
Days on market
73 Days
Sold On
2024-05-03
MLS number
ML81954885
Home ConditionExcellent
Features
View-
About this home
Build your dream home easily in the most sought after area of Redwood City and minutes from downtown San Carlos. Gated, very private and flat 20,000k sq ft lot in premier Edgewood Road location. Expedited building application process with plans going straight to Redwood City Building Dept for Ministerial review saving time and money.The building application gets submitted to the Building department for ministerial review. Bring your contractor to build your own customized dream home!
Nearby schools
6/10
John Gill Elementary School
Public,•K-5•1.0mi
6/10
Clifford Elementary School
Public,•K-8•0.7mi
9/10
Central Middle School
Public,•6-8•1.1mi
5/10
John F. Kennedy Middle School
Public,•5-8•1.9mi
8/10
Roy Cloud Elementary School
Public,•K-8•2.0mi
6/10
Sequoia High School
Public,•9-12•0.8mi
6/10
Woodside High School
Public,•9-12•3.2mi
Price History
Date
Event
Price
02/20/24
Listing
$2,685,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (76 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 4,500 | 2,300 | 92% |
| Lot Size | 20,494 | 9,794 | 71% |
| Price | $2.69M | $2.61M | 53% |
| Price per square foot | $597 | $1,217 | 3% |
| Built year | 2024 | 1951 | 99% |
| HOA | |||
| Days on market | 624 | 159 | 99% |
Condition Rating
Excellent
This listing is for a vacant lot with the explicit purpose of building a new home, as indicated by 'year_built: 2024' and the description 'Build your dream home easily'. The images confirm it's a clear, buildable lot. While there is no existing structure to assess for kitchen/bathroom conditions, the property's 'condition' refers to its readiness and potential for a brand new, custom-built residence. The expedited building application process further supports the 'excellent' potential for a new, high-quality construction.
Pros & Cons
Pros
Prime Location & Accessibility: Situated in a highly sought-after area of Redwood City, offering convenient access to downtown San Carlos and desirable community amenities.
Expedited Development Process: The property benefits from an expedited building application process with ministerial review, significantly reducing time and potential costs for construction.
Large, Flat, and Private Lot: A generous 20,000 sq ft (nearly half-acre) flat and gated lot provides an ideal, private canvas for custom home construction.
Full Customization Opportunity: Offers the unique advantage for a buyer to design and build a truly customized dream home tailored to their exact specifications and preferences.
Potential for High-Value Asset: The combination of a premier lot, large potential home size (4500 sqft), and custom build opportunity points to a significant increase in property value upon completion.
Cons
Substantial Additional Investment: The listed price is for the land only; the buyer must incur significant additional costs for the entire construction of the 4500 sqft home.
Extended Project Timeline: Despite expedited permits, building a custom home is a multi-phase project requiring considerable time for design, permitting, and construction completion.
Buyer's Project Management Responsibility: The buyer will be responsible for overseeing or managing the entire construction process, including hiring contractors and managing budgets, which can be complex.