408 Terrace Way
San Mateo, CA 94403
3 bd 2 ba 1,370 sqft Built 1942 Lot 4,941 sqft single_family
Most recent sale
$2,425,000
Mar 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 28, 2022 | Sold | $2,425,000 | MLS #ML81884263 |
| Nov 17, 2004 | Sold | $719,000 | Public Record |
| Apr 4, 1991 | Sold | $310,000 | Public Record |
| Nov 25, 1987 | Sold | $230,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $564,000 | $1,586,000 | $2,150,000 | $26,056 |
| 2024 | $564,000 | $1,586,000 | $2,150,000 | $26,103 |
| 2023 | $525,000 | $1,475,000 | $2,000,000 | $24,140 |
| 2022 | $541,363 | $472,203 | $1,013,566 | $13,792 |
| 2021 | $530,749 | $462,945 | $993,694 | $13,262 |
| 2020 | $525,308 | $458,199 | $983,507 | $13,331 |
| 2019 | $515,009 | $449,215 | $964,224 | $12,225 |
| 2018 | $504,911 | $440,407 | $945,318 | $12,176 |
| 2017 | $495,012 | $431,772 | $926,784 | $11,303 |
| 2016 | $423,306 | $423,306 | $846,612 | $10,538 |
| 2015 | $416,948 | $416,948 | $833,896 | $10,211 |
| 2014 | $408,781 | $408,781 | $817,562 | $9,920 |
| 2013 | $355,000 | $355,000 | $710,000 | $8,618 |
| 2012 | $355,000 | $355,000 | $710,000 | $8,558 |
| 2011 | $355,000 | $355,000 | $710,000 | $8,560 |
| 2010 | $388,210 | $388,210 | $776,420 | $9,214 |
| 2009 | $389,133 | $389,133 | $778,266 | $8,967 |
| 2008 | $381,503 | $381,503 | $763,006 | $8,829 |
| 2007 | $374,023 | $374,023 | $748,046 | $8,538 |
Property facts
Year built
1942
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,370 sqft
Lot size
4,941 sqft
ZIP code
94403
City
San Mateo
Street
Terrace Way
Coordinates
37.53694, -122.31013
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$14,550
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Terrace Way last sell?
408 Terrace Way most recently sold on Mar 28, 2022 for $2,425,000.
What is the current tax assessment for 408 Terrace Way?
The most recent total assessment for 408 Terrace Way (year 2025) is $2,150,000 with $26,056 in property tax.
How does 408 Terrace Way's assessment compare to its last sale price?
The current assessment is 11.3% below the last sale price of $2,425,000.
When was 408 Terrace Way built?
408 Terrace Way was built in 1942.
How does 408 Terrace Way compare to others on Terrace Way?
We track 1 other property on Terrace Way. Browse the list under "Other properties on Terrace Way" to compare beds, baths, and sale history.
What are the property facts for 408 Terrace Way?
408 Terrace Way is a 3 bed, 2 bath, 1,370 sqft, 4,941 sqft lot single_family.
Is 408 Terrace Way a flip candidate?
No — 408 Terrace Way does not appear in our flips dataset.
Is 408 Terrace Way a tax-appeal candidate?
No — 408 Terrace Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.7%
2026 Q3
$2.08M
2026 Q4
$2.11M
ZIP 94403 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Way