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ActiveSingle Family

$2,788,000

1245 Laurel Hill Dr, San Mateo 94402

Beds4
Baths2
Sqft1,770
DOM6
No Photos Available

Size check

The listing's square footage against the county assessor's record and the permits on file.

Listing
1,770 sqft
County record
1,770 sqft
Difference
+0 (+0%)

The listing and the county record agree within 10%.

What can explain a difference
  • Space built without a permit.
  • Permitted work the assessor has not recorded yet.
  • An ADU, a finished basement or a converted garage counted in one figure and not the other.
  • Different measuring. Listing agents and the assessor often measure the same house differently.
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AddressIntel AI Briefing

The massive lot size offers exceptional high-end redevelopment potential in a premium block. While the high fire zone is a blocker for complex density plays, the optimal strategy is a teardown-and-mansionize play to build an expansive luxury estate. This targets affluent local buyers who expect customized high-specification homes.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (San Mateo)

2026-10-20 • 308 42ND AVE SAN MATEO CA 94403-5004
Single Family (Addition) - Add/Alter - Add/Alter
$234,243Issued
2026-10-20 • 416 FAIRFAX AVE SAN MATEO 94402-2210 CA
Single Family (Alteration/Repair) - Alter - Alter
$7,500Issued
2026-10-19 • 1464 WOODBERRY AVE SAN MATEO 94403-3765 CA
Single Family (Alteration/Repair) - Kitchen & Bath Remodel (Flat) - Kitchen & Bath Remodel (Flat)
$30,000Issued
2026-10-19 • 723 COSTA RICA AVE SAN MATEO 94402-1014 CA
Single Family (New) - New - New
$197,500Issued
2026-10-18 • 2630 ALAMEDA DE LAS PULGAS SAN MATEO 94403-2652 CA
Single Family (Addition) - Add/Alter - Add/Alter
$285,704Issued
2026-10-17 • 3513 CASANOVA DR SAN MATEO 94403-2908 CA
Single Family (Alteration/Repair) - Alter - Alter
$15,815Under Review

Parcel & Zoning Info

APN041291060
Official Lot Sqft16,892
Zoning CodeR-1, S-8
SB 9 StatusEligible · up to 4 units
SB 9 Block Reasons No SB 9 disqualifiers found
Development Blockers
High Fire Zone
Unlock Pathways
Ministerial ADU Ministerial SB 9 Density Bonus
Entitlement RiskLow (0/100)

ADU Potential

Feasibility Score94/100
Max ADU Units2 (ADU + JADU)
Est. ADU Size1,200 sqft
Existing Coverage10.5%

Flag / irregular · ~167 ft frontage × 176 ft deep, a tucked-away rear unit is very private; access is typically via the pole driveway.

Screening heuristic based on lot size, existing coverage, lot orientation, and hazard overlays. CA ADU law is ministerial statewide; verify max size, setbacks, and JADU owner-occupancy with the local planning dept.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

High
Elevated fire risk; impacts insurance cost and building materials.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Highlands Elementary

San Mateo-Foster City

0.3 miles away
Middle School

Borel Middle

San Mateo-Foster City

2.5 miles away
High School

Hillcrest at Youth Services Center

San Mateo County Office of Education

1.3 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

77/100

Based on recent sales velocity and local demand in 94402.

Flippability Score

85/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

59%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 12 recent single-family sales in San Mateo (94402): $1,534/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 2,700 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$1,485,000
New Build2,700 sqft
Total Capital Required$4,448,000
Estimated Resale (ARV)$4,349,700
Cost of Sale (5%)-$217,485
Carry (33mo @ 7%)-$696,465
Net Proceeds$3,435,750

Projected Profit

-$1,012,250
-22.8% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Mateo 94402)

Sized to the modelled 2,700 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

440 Hobart Ave

Sold
$4,538,888
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Sqft: 2668
$/Sqft: $1,701

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$/Sqft: $1,599

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210 Avila Rd

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$4,000,000
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1710-1712 Gum St

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40 Powhatan Pl

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$/Sqft: $1,458

731 W Capistrano Way

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404 Hillsborough Blvd

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$4,075,000
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$/Sqft: $1,381