$2,450,000
109 Hobart Ave, San Mateo 94402
AddressIntel AI Briefing
High neighborhood comp ceilings up to $6.5M and zero hazard risks make this a premier candidate for a luxury-tier renovation. While its large existing square footage discourages a complete teardown, the massive spread between asking price and potential ARV represents an elite developer play.
Property Permit History
Recent Neighborhood Remodeling (San Mateo)
Parcel & Zoning Info
Seller Motivation
Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
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
Sunnybrae Elementary
San Mateo-Foster City
Borel Middle
San Mateo-Foster City
Aragon High
San Mateo Union High
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
70/100
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.
62%
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 5 recent multi-family sales in San Mateo (94402): $497/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 50% of the 5,500 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.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (San Mateo 94402)
Sized to the modelled 5,500 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.