Hot Pick Home: 'Smart Value' in the Bay Area - March 29, 2021

Does this home make for a smart purchase? Based on this criteria, and the points below, we believe so!

This is ZeroDown’s Hot Pick Home: 'Smart Value' in the Bay Area - week of 3/29/2021

1186 Cleveland Street, Redwood City, CA 94061

Since 2016 the zip code where this three-bed, two-and-a-half bath home in Redwood City is located has experienced a higher home price growth than 67% of zip codes in the Bay Area. The neighborhood has appreciated over the last five years at +37.09% v. +22.36% for the city. This suggests there should be steady growth in value in the future.

The property is in the 90th percentile of living space on the block and 89th percentile in the area, and just recently had an addition built out.  We expect the final price per square foot will be more than 10% below the median for similar homes nearby. This combination of historical price appreciation in the zip code and neighborhood, size of the home relative to the surrounding homes, recent addition, and expected sale price per square foot makes this a ZeroDown 'Smart Value' Hot Pick.

Fenced in backyard with table and chairs

Check out more of this awesome, smart value home through this virtual home tour:

READ MORE: Hot Pick Home: 'Best Upgrades' in the Bay Area - March 29, 2021

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Further reading

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