$2,188,000
403 Neves Rd, San Mateo 94403
AddressIntel AI Briefing
This modern townhome is priced well above the local comparable sales, representing a weak entry point for a traditional flip or buy-and-hold. With only a single unit for sale, there is no bulk-purchase angle to negotiate, and the high asking price severely compresses potential rental yields. Investors should look elsewhere for value unless a significant price correction occurs.
Property Permit History
Recent Neighborhood Remodeling (San Mateo)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 88 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.
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
George Hall Elementary
San Mateo-Foster City
Abbott Middle
San Mateo-Foster City
Hillsdale 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
85/100
Based on recent sales velocity and local demand in 94403.
Flippability Score
15/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
64%
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 condo sales in San Mateo (94403): $874/sqft. Sized within 50% of the 3,300 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 (San Mateo 94403)
Sized to the modelled 3,300 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.