141 W 3rd Avenue, San Mateo, California 94402, San Mateo, 94402 - 1 bed, 1 bath

141 W 3rd Avenue
San Mateo, California 94402
Property Price
SUMMARY
Analysis of 141 W 3rd Avenue, San Mateo, California 94402 is currently available with a list price of $899,000. 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.
Built in 2005, this property fits the 10-20 year age bracket for a 'good' rating. The unit is move-in ready with well-maintained systems and high-quality finishes, including decorative beam ceilings and recently updated hardwood flooring in the bedroom. The kitchen features functional stainless steel appliances and stone countertops that, while likely original, remain in great condition. The bathroom and overall interior show minimal wear and tear, reflecting pride of ownership without the need for immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Privacy
Situated in the prestigious Baywood neighborhood, this top-floor unit offers a rare separate entrance and immediate proximity to downtown San Mateo's dining, shopping, and transit hubs.
- Superior Parking & Storage
The property includes two deeded side-by-side parking spaces and a spacious private storage unit, which are highly coveted and rare amenities for a one-bedroom condominium.
- Modern Architectural Details
Built in 2005, the home features elevated finishes such as decorative beam ceilings, hardwood flooring throughout, and two private balconies that significantly enhance the indoor-outdoor living experience.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $911 per month is relatively high for a 602-square-foot one-bedroom unit, which may impact the overall affordability and debt-to-income ratios for prospective buyers.
- Compact Living Space
With only 602 square feet of interior space, the unit's footprint is quite intimate, which may limit its appeal to buyers needing a dedicated home office or more expansive living areas.
About 141 W 3rd Avenue
Tucked away in the desirable Baywood neighborhood, this hidden gem offers a rare sense of privacy with its own separate entrance, and is an inviting retreat just moments from downtown dining, shopping, parks, and top-rated schools. Inside this top floor condo hardwood floors flow throughout, including recently installed hardwood in the expansive bedroom suite, and are complemented by decorative beam ceilings. Generous natural light fills the home, creating an airy and welcoming atmosphere. Two private balconies extend the living space outdoors, perfect for morning coffee, or unwinding at the end of the day. Thoughtful, luxurious finishes and well-proportioned rooms make everyday living feel elevated yet effortless. Additional highlights include inside laundry, two deeded side-by-side parking spaces, and a spacious private storage unit. The well-maintained, 17 unit community is surrounded by mature foliage and architectural landscaping, and convenient access to public transit and highways 101, 92, and 280 makes commuting a breeze. This home offers the best of both worlds: peaceful and luxurious living, with the vibrancy of downtown San Mateo at your doorstep.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 30,128 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $911.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 11% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 602 | 1,320 | 11% |
| Lot Size | 30,128 | - | 67% |
| Price | $899.0K | $965.0K | 33% |
| Price per sq ft | $1.5K | $789 | 89% |
| Built year | 2005 | 2005 | 50% |
| HOA | $911.0 | $1.2K | 44% |
| Days on market | 43 | 211 | 11% |
Pricing History
Listed for Sale
Feb 25, 2026
$899,000
$988,000
-9% Price Drop
Initial Listing
Price Change
Jan 23, 2026
$988,000
Initial Listing
Sold
Dec 12, 2023
$938,000
Public Record
Sold
Oct 14, 2016
$735,000
Public Record
Sold
Oct 11, 2005
$550,000
Public Record
Sold
Jun 22, 2005
$353,396
Public Record




























