Every week our data and real estate experts seek out the best homes on the market in the Bay Area. They've even developed a criteria ranking system based on a multitude of factors to aid in their hunt - and so ZeroDown Hot Picks was born.
This is where we'll be sharing the best of the best homes, every week, in the following categories: Smart Value, Green, Restful, and Best Improvements.
The core idea is this: As a purchase that is also an investment, does this home really make for a smart purchase? We believe this one does.
Since 2016, median sale prices per square foot have risen by 25% in the zip code where this four bed, two-and-a-half bath home with an updated kitchen and remodeled bathroom in San Mateo is located. This suggests there should be steady growth in value in the future.
The property is among the 79th percentile of living space on the block (and the 89th percentile in the number of bedrooms). We expect the final price per square foot will be about 4% lower than the median for similar properties nearby. This combination of historical price appreciation in the zip code, updates, size relative to other homes on the block, and expected sale price per square foot make this a ZeroDown “Smart Value” Hot Pick.
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