$2,495,000
3402 Hillcrest Dr, Belmont 94002
AddressIntel AI Briefing
A premier candidate for a teardown-and-mansionize play due to the sprawling, underutilized lot and aging structure. The substantial gap between the entry price and projected value makes this hill-view property an exceptionally strong play.
Property Permit History
Recent Neighborhood Remodeling (Belmont)
Parcel & Zoning Info
ADU Potential
Standard lot · Corner lot · ~105 ft frontage × 136 ft deep, typical proportions for a detached ADU behind or beside the home. A second street frontage lets an ADU take its own entrance and address.
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.
Redevelopment Potential
Small, older home using a low share of the allowable building envelope on a sizable lot, a scrape-and-rebuild or major-expansion play. Zoning allows roughly 3,955 sqft of gross floor area on this lot.
Screening estimate comparing existing living area to the city's single-family floor-area limit. City sets no explicit FAR (or is not individually curated); allowable area is a conservative estimate. Source: Belmont Zoning Ordinance 4.2.3(d) Table 5 (Lot Size/Intensity) as a CAP on the default estimate; Table 4 slope FAR NOT applied, no per-parcel slope available (as of 2026-09-03). Verify FAR, coverage, setbacks, and height with the local planning dept.
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
Fox Elementary
Belmont-Redwood Shores Elementary
Ralston Intermediate
Belmont-Redwood Shores Elementary
Gateway Center
San Mateo County Office of Education
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
68/100
Based on recent sales velocity and local demand in 94002.
Flippability Score
85/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
37%
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.
We don't hold this jurisdiction's floor-area rule, so the default builds to roughly 3,955 sqft from a conservative 0.40 FAR approximation, a starting point and not a zoning answer. Check the local code before you rely on it.
Median of 12 recent single-family sales in Belmont (94002): $1,139/sqft. Sized within 25% of the 4,000 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.
Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (Belmont 94002)
Sized to the modelled 4,000 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.