1951 Ofarrell Street 207, San Mateo, California 94403, San Mateo, 94403 - 2 bed, 2 bath
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San Mateo, California 94403
This 2-bedroom, 2-bathroom condominium represents a High-Potential Investment Opportunity, listed at $968,000—positioned well above the $853,952 Fair Market Value by -13%. While the property carries a Condition Rating of 4, the dated kitchen and bath finishes provide a clear path for value-add renovations. Residents benefit from resort-style amenities, including a pool and spa, and a prime location near San Mateo City Hall. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, amenity-rich location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1951 Ofarrell Street 207 Subject | $968,000* List Price | 2 | 2 | 1,143 | $747 | - |
A 1951 Ofarrell Street 404 Sold | $1,190,000 | 2 | 2 | 1,238 | $961 | 0.0 mi |
B 35 W 20th Avenue 109 Sold | $739,000 | 2 | 2 | 1,213 | $609 | 0.2 mi |
C 35 W 20th Avenue 105 Sold | $785,000 | 2 | 2 | 1,216 | $646 | 0.2 mi |
D 1919 Alameda De Las Pulgas 134 Sold | $765,000 | 2 | 2 | 1,024 | $747 | 0.4 mi |
E 1919 Alameda De Las Pulgas 26 Sold | $805,000 | 2 | 2 | 1,024 | $786 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property is well-maintained and move-in ready but remains largely dated. The kitchen features original-style white tile countertops and an electric coil range, which are past their expected 20-year life cycle for modern appeal. While the flooring and paint appear refreshed, the core kitchen and bath finishes require updates to meet current market standards.
As a quiet end-unit tucked away from major roads and conveniently located near the elevator, this home offers a rare combination of privacy and accessibility within the complex.
The Corte Bella community provides an extensive suite of amenities including a swimming pool, jacuzzi, fitness center, and clubhouse, offering a high-quality lifestyle and added property value.
Perfectly positioned near San Mateo City Hall with easy access to major highways and public transit, this property is ideal for professionals seeking a central Peninsula location.
The monthly association fee of $607 is a significant recurring cost that increases the total cost of ownership and may impact affordability for some buyers.
Despite the marketing description's claims, current data shows average ratings for the assigned elementary and middle schools, which may be a consideration for families prioritizing top-tier education.
Located in the desirable San Mateo Corte Bella community, this beautifully situated 2-bedroom, 2-bathroom end-unit condo at 1951 OFarrell St. #207 offers comfort, privacy, and convenience in one of the Peninsulas most accessible neighborhoods. Tucked away in a quiet corner of the community and not facing major roads, this home enjoys a peaceful setting while still being close to the elevator for everyday ease. The bright and functional layout features spacious living areas, abundant natural light, and an ideal floor plan for both comfortable living and entertaining. Residents of Corte Bella enjoy resort-style amenities including a sparkling swimming pool, relaxing jacuzzi, well-equipped fitness center, clubhouse, and beautifully landscaped garden courtyard. Ranked as the #1 public school district in San Mateo with highly recognized 10/10 award-wining schools. Perfectly positioned next to San Mateo City Hall and just moments from popular restaurants, shopping, retail, and everyday conveniences, this location offers an exceptional blend of urban accessibility and tranquil community living. Easy access to major commute routes, downtown San Mateo, and public transportation makes this an outstanding opportunity for homeowners and investors alike.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,143 | 1,024 | 59% |
| Lot Size | - | - | 50% |
| Price | $968.0K | $670.0K | 82% |
| Price per sq ft | $847 | $682 | 76% |
| Built year | 1997 | 1974 | 71% |
| HOA | $607.0 | $627 | 41% |
| Days on market | 32 | 143 | 6% |
May 5, 2026
$968,000
Initial Listing
Dec 4, 1997
$250,000
Public Record