Calling all investors and developers or end user's willing to put-in the sweat equity. A great opportunity awaits in the city that claims one of the best climates in the world. In the heart of Redwood City sits a property with tremendous potential. Build your dream home on almost 9000 SqFt lot or create a multi-family complex, sure to stimulate some cash flow, all the while living-in or renting the functional front dwelling while laying out plans of your desired goal. The front house has over 1100 SqFt of living space that can be occupied now or updated and add a bed/bath within the envelope. The city of Redwood City is witnessing lots of transformation & increased values. Just look next door, across the street or down the street and the evolution is happening. Easy access to 101/280, not far from a bustling downtown that has become the place to go for entertainment; music in the square, movies, restaurants, coffee or a stroll. Close to Red Morton Park, Whole Foods, Safeway & Rite AID. *Tenant occupied. Tenant is actively seeking replacement property and may request no more than a 60-day rentback if needed.
Sold for $1,468,000
Street View
$1,468,000
515 Oak Ave, Redwood City, CA 94061
2beds
1,108sqft
Single Family Residence, Residential
Built in 1924
8,771 Square Feet Lot
$1,752,800 Zestimate®
$1,325/sqft
$4,921 Estimated rent
Home value
$1,752,800
$1.49M - $2.05M
$4,921/mo
Zestimate® history
Owner options
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$4,921/mo
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$4,921/mo
Rent Zestimate®
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$9,431/mo
Est. payment
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$9,431/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brian Dakin 02053842 650-483-5760,
Compass 650-529-1111,
Dana Adams 02106791 323-206-0519,
Compass
Bought with:
, 01324234
Maxreal
Source: MLSListings Inc,MLS#: ML81954946
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Office
Dining room
- Features: Other
Family room
- Features: NoFamilyRoom
Heating
- Other
Cooling
- None
Appliances
- Laundry: Gas Dryer Hookup
Features
- Flooring: Hardwood
Interior area
- Total structure area: 1,108
- Total interior livable area: 1,108 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Off Street, On Street, Parking Area
- Garage spaces: 2
Features
- Patio & porch: Balcony/Patio
- Exterior features: Back Yard, Fenced
- Fencing: Wood
Lot
- Size: 8,771 Square Feet
- Features: Mostly Level
Details
- Additional structures: MiscellaneousStructures, Garage
- Parcel number: 053271030
- Zoning: R4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter, Other, Crawl Space
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1924
Utilities & green energy
- Gas: NaturalGas, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Public Utilities, Water Public
Community & HOA
Location
- Region: Redwood City
Financial & listing details
- Price per square foot: $1,325/sqft
- Tax assessed value: $1,497,360
- Annual tax amount: $16,510
- Date on market: 2/21/2024
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2024 | Sold | $1,468,000-1.8%$1,325/sqft |
Source:  MLSListings Inc #ML81954946 Report a problem | ||
| 4/5/2024 | Pending sale | $1,495,000$1,349/sqft |
Source: MLSListings Inc #ML81954946 Report a problem | ||
| 3/7/2024 | Contingent | $1,495,000$1,349/sqft |
Source: MLSListings Inc #ML81954946 Report a problem | ||
| 2/21/2024 | Listed for sale | $1,495,000$1,349/sqft |
Source: MLSListings Inc #ML81954946 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,510 +1229.8% | $1,497,360 +1383% |
| 2024 | $1,242 +1.4% | $100,969 +2% |
| 2023 | $1,224 +4.5% | $98,990 +2% |
| 2022 | $1,172 +0.9% | $97,050 +2% |
| 2021 | $1,162 +1.2% | $95,148 +1% |
| 2020 | $1,148 +0.3% | $94,174 +2% |
| 2019 | $1,144 +2.4% | $92,329 +2% |
| 2018 | $1,117 +1% | $90,520 +2% |
| 2017 | $1,106 +4.1% | $88,746 +2% |
| 2016 | $1,063 +5.4% | $87,006 +1.5% |
| 2015 | $1,008 | $85,700 +2% |
| 2014 | $1,008 | $84,022 +0.5% |
| 2013 | -- | $83,643 +2% |
| 2012 | -- | $82,003 |
| 2011 | -- | $82,003 +2.8% |
| 2010 | -- | $79,797 -0.2% |
| 2009 | -- | $79,988 +2% |
| 2008 | -- | $78,421 +2% |
| 2007 | -- | $76,884 +2% |
| 2006 | -- | $75,377 |
| 2005 | -- | $75,377 +4% |
| 2004 | -- | $72,452 +1.9% |
| 2003 | -- | $71,125 +2% |
| 2002 | -- | $69,731 +2% |
| 2001 | -- | $68,364 +2% |
| 2000 | -- | $67,025 |
Find assessor info on the county website
Neighborhood: Central
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Roosevelt Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10McKinley Institute Of TechnologyGrades: 6-8Distance: 0.7 mi
- 8/10Woodside High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: RedwoodCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,752,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,752,800
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