112 Madison Avenue 108, San Mateo, California 94402, San Mateo, 94402 - 2 bed, 2 bath

112 Madison Avenue 108
San Mateo, California 94402
Property Price
SUMMARY
Analysis of 112 Madison Avenue 108, San Mateo, California 94402 is currently available with a list price of $886,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Mateo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This condo is move-in ready with several significant recent updates. The description highlights new laminate flooring throughout and a primary shower remodeled in 2022, which is evident in the modern tiling and glass enclosure in the images. The kitchen features granite countertops and clean white cabinets, but the appliances (white, older models) and fluorescent lighting are dated. The second bathroom also shows an older style with brass fixtures and a standard tub/shower combo. While not fully renovated to contemporary standards, the recent major updates to flooring and the primary bathroom, combined with a well-maintained appearance, elevate it beyond 'Fair' condition, making it a solid 'Good' property.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Situated in the highly desirable Aragon neighborhood, minutes from Downtown San Mateo, Central Park, top-rated schools, and offering easy access to major freeways (92, 101, 280), providing excellent connectivity between Silicon Valley and San Francisco.
- Modern & Updated Interior
Features an open floor plan with semi-vaulted ceilings, abundant natural light, new laminate flooring, granite kitchen countertops, and a recently remodeled primary shower (2022), enhancing its contemporary appeal.
- Desirable Community Amenities
The complex offers convenient in-unit laundry, secure underground parking (one deeded, one floating), and access to a community pool and spa, adding significant lifestyle value.
CONSRISKS & DEFICIENCIES
- High HOA Fees
The monthly association fee of $705 is substantial, which could significantly impact the overall cost of ownership and affordability for potential buyers.
- Older Building Infrastructure
Built in 1982, while the unit has updates, the overall building infrastructure may be older, potentially leading to future maintenance needs or special assessments not covered by the current HOA fees.
- Recent Price Reduction
The property has undergone a recent price reduction from $899,000 to $886,000, which could indicate a slower market response or initial overpricing, potentially affecting perceived value.
About 112 Madison Avenue 108
Perfectly placed in one of San Mateos most desirable neighborhoods! Situated on the west side of El Camino in the sought-after Aragon neighborhood, this ground-floor 2-bedroom, 2-bath condo offers the ideal blend of comfort and convenience. Just minutes from Downtown San Mateo, Central Park, Baywood Elementary, and Aragon High School, with easy access to freeways 92, 101, and 280. The open floor plan features semi-vaulted ceilings, abundant natural light, and new laminate flooring. The kitchen includes granite countertops and a breakfast bar, opening to the dining area and living room with a wood-burning fireplace and access to a private balcony. The spacious primary suite offers semi-vaulted ceilings, a double vanity, walk-in closet, remodeled shower (2022), and a balcony retreat. Additional highlights include in-unit laundry, secure underground parking (one-deeded, one floating), and a community pool and spa. HOA includes water and trash and runs $705/mo. Approximately 1,200 sq ft of living space in a well-maintained complex near top-rated schools, shopping, and dining. Nestled between Silicon Valley and San Francisco, this best-kept-secret neighborhood offers rare availability and unbeatable lifestyle convenience. Don't miss this opportunity!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $705.0 / Month
Neighborhood Insights
San Mateo Unified Schools
Baywood Elementary School
Grades K-5 • 0.7 mi
Baywood Elementary School
Grades K-5 • 174.6 mi
Borel Middle School
Grades 6-8 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,320 | 33% |
| Lot Size | - | - | 50% |
| Price | $886.0K | $965.0K | 22% |
| Price per sq ft | $738 | $768 | 33% |
| Built year | 1982 | 1988 | 44% |
| HOA | $705.0 | $1.2K | 22% |
| Days on market | 130 | 211 | 33% |
Pricing History
Listed for Sale
Nov 9, 2025
$886,000
$899,000
-1% Price Drop
Initial Listing
Price Change
Oct 28, 2025
$899,000
Initial Listing
















