Wow, $300,000 price reduction and substantial tax savings if approved for Mills Act! Own a piece of History in this Classic 1907 Queen Anne Victorian with large open living room, kitchen/dining, separate front office, sun room and secluded yard on oversized 9,000 sqft lot. Previously owned by A.P. Giannini, founder of Bank of Italy/BofA. Traditional bench seat entry welcomes guests to this grand estate waiting for your remodel and upgrades. Kitchen features built-in oven, dishwasher, gas range with custom hood and large walk-in pantry. Separate laundry room, hardwood floors, rear patio. Detached two car garage with original carriage house would be ideal for an ADU. Newer shingled roof and new sewer lateral. Easy access to downtown shops, parks & transportation. Property may qualify for the Mills Act.
For sale
Price cut: $100K (7/25)
$2,075,000
137 Elm St, San Mateo, CA 94401
4beds
2,380sqft
Single Family Residence, Residential
Built in 1907
9,000 Square Feet Lot
$2,053,100 Zestimate®
$872/sqft
$-- HOA
What's special
- 210 days
- 2,031
- 68
Zillow last checked:
Listing updated:
Listed by:
Michael G Verdone 00480064 650-208-0669,
Economic Concepts 650-208-0669
Source: MLSListings Inc,MLS#: ML82034015
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Laundry, Office, Workshop
Bedroom
- Features: GroundFloorBedroom, WalkinCloset
Bathroom
- Features: PrimaryStallShowers, ShoweroverTub1, StallShower, Tile, FullonGroundFloor
Dining room
- Features: EatinKitchen
Family room
- Features: KitchenFamilyRoomCombo
Heating
- Central Forced Air Gas
Cooling
- None
Appliances
- Included: Gas Cooktop, Dishwasher, Disposal, Range Hood, Built In Oven
- Laundry: Inside, In Utility Room
Features
- Flooring: Hardwood, Vinyl Linoleum
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,380
- Total interior livable area: 2,380 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage Door Opener
- Garage spaces: 2
Features
- Stories: 2
Lot
- Size: 9,000 Square Feet
Details
- Parcel number: 032291040
- Zoning: R50000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: San Mateo
Financial & listing details
- Price per square foot: $872/sqft
- Tax assessed value: $1,957,061
- Annual tax amount: $1,811
- Date on market: 2/6/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
$2,053,100
$1.95M - $2.16M
$7,700/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Price change | $2,075,000-4.6%$872/sqft |
Source:  MLSListings Inc #ML82034015 Report a problem | ||
| 3/7/2026 | Price change | $2,175,000-8.4%$914/sqft |
Source: MLSListings Inc #ML82034015 Report a problem | ||
| 2/6/2026 | Listed for sale | $2,375,000+98.7%$998/sqft |
Source: MLSListings Inc #ML82034015 Report a problem | ||
| 8/14/2010 | Listing removed | $1,195,000$502/sqft |
Source: NRT California #80953795 Report a problem | ||
| 8/12/2010 | Listed for sale | $1,195,000$502/sqft |
Source: NRT California #80953795 Report a problem | ||
| 12/19/2009 | Listing removed | $1,195,000$502/sqft |
Source: NRT California #80953795 Report a problem | ||
| 11/17/2009 | Listed for sale | $1,195,000+8.6%$502/sqft |
Source: NRT California #80953795 Report a problem | ||
| 12/5/2003 | Sold | $1,100,000$462/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,811 -31.9% | $1,957,061 +2% |
| 2024 | $2,659 +4.3% | $1,918,689 +2% |
| 2023 | $2,550 -6.8% | $1,881,068 +2% |
| 2022 | $2,736 +22.4% | $1,844,185 +2% |
| 2021 | $2,236 | $1,808,026 +1% |
| 2020 | -- | $1,789,488 +4% |
| 2019 | $2,076 +29% | $1,720,000 +25.1% |
| 2018 | $1,609 -24.6% | $1,374,514 +2% |
| 2017 | $2,134 +50.4% | $1,347,564 +2% |
| 2016 | $1,419 +112.2% | $1,321,142 +1.5% |
| 2015 | $669 | $1,301,298 +8.4% |
| 2014 | $669 | $1,200,000 +14.7% |
| 2013 | -- | $1,046,000 +16.4% |
| 2012 | -- | $899,000 |
| 2011 | -- | $899,000 -19% |
| 2010 | -- | $1,110,000 -8.6% |
| 2009 | -- | $1,214,486 +2% |
| 2008 | -- | $1,190,674 +2% |
| 2007 | -- | $1,167,328 +2% |
| 2006 | -- | $1,144,440 |
| 2005 | -- | $1,144,440 +4% |
| 2004 | -- | $1,100,000 +1082.7% |
| 2003 | -- | $93,005 +2% |
| 2002 | -- | $91,182 +2% |
| 2001 | -- | $89,395 +2% |
| 2000 | -- | $87,643 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: San Mateo Heights
Nearby schools
Schools provided by the listing agent
- District: SanMateoFosterCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $1,828,0003 bd4 ba2.5k sqft664 N El Camino Real, San Mateo, CA 94401For Sale
MLS ID #ML82056723, Perry Chiu. MLSListings Inc - $1,849,0003 bd3 ba1.8k sqft523 Maple St, San Mateo, CA 94402For Sale
MLS ID #ML82057183, Danielle Hernandez. MLSListings Inc - $2,328,0004 bd2 ba3.4k sqft4 Warren Rd, San Mateo, CA 94401For Sale
MLS ID #ML82056502, Justin Fink. MLSListings Inc - $2,395,0004 bd4 ba2.4k sqft917 Howard Ave, Burlingame, CA 94010For Sale
MLS ID #ML82053162, Gregory Terry. MLSListings Inc
Local buyer's agents are ready to help
