20 W 3rd Avenue 601, San Mateo, California 94402, San Mateo, 94402 - 2 bed, 3 bath
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20 W 3rd Avenue 601
San Mateo, California 94402
ACTIVE
CONDITION: GOOD
2Beds
3Baths
2,800Sq Ft
0Lot Size
Property Price
LIST PRICE$2,500,000
EST. MARKET VALUE
$2,358,447
6% AboveMARKET VALUE
SUMMARY
This Luxury Condominium represents a Strong Value Opportunity, listed at $2,500,000—positioned above the $2,358,447 Fair Market Value. While priced at a premium, the property offers an Excellent Condition Rating with 2,800 SF of modern elegance, including a Chef’s Kitchen and Private Patio. Residents enjoy a full-service lifestyle with a Pool, Spa, and Doorman. Located near top-rated schools like Aragon High, this residence is an ideal sanctuary for Upsizing Professionals or Discerning Owner-Occupants seeking a turnkey, high-amenity urban lifestyle in San Mateo.
Estimated Market Value
$2,358,447
Based on Realkey algorithm analyzing recent comparable sales in San Mateo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20 W 3rd Avenue 601 Subject 2 bd · 3 ba · 2,800 sqft · $842 | $2,500,000* List Price | 2 | 3 | 2,800 | $842 | - |
A 24 Mounds Road A Sold 2 bd · 2 ba · 2,100 sqft · $976 · 0.5 mi | $2,050,000 | 2 | 2 | 2,100 | $976 | 0.5 mi |
B 111 W 3rd Avenue 201 Sold 2 bd · 2 ba · 2,210 sqft · $837 · 0.1 mi | $1,850,000 | 2 | 2 | 2,210 | $837 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1980, the property has undergone significant renovations featuring modern elegance, sleek hardwood floors, recessed lighting, and an updated kitchen with high-end appliances including a wine cooler. The systems are functional with central AC/heating, and the interior appears well-maintained and move-in ready, consistent with a 5-15 year renovation age.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Living Space
At 2,800 square feet, this 2-bedroom unit offers an exceptionally rare and spacious floor plan that includes a formal dining room and a private library/den, providing the feel of a single-family home.
- Prime Urban Location
Situated in the heart of San Mateo, the property provides immediate walking access to premier downtown dining, shopping, and the public library, offering a highly desirable walk score.
- Full-Service Luxury Amenities
The building features a comprehensive suite of amenities including a doorman, pool, spa, sauna, gym, and rooftop deck, ensuring a secure and high-end lifestyle for residents.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $2,319 per month is significantly high, which may impact the property's affordability and long-term investment appeal for some buyers.
- Building Vintage
Built in 1980, the building may lack the ultra-modern architectural aesthetics and energy-efficient systems found in the newer luxury developments currently entering the San Mateo market.
About 20 W 3rd Avenue 601
NEW PRICE!! Welcome to luxury living at the Towers in the heart of San Mateo! This stunning 2BR/2.5BA condo offers an expansive 2,800 SF of modern elegance. Step inside to find high ceilings, sleek hardwood floors, recessed lighting, and plenty of natural light streaming through a multitude of windows. The open layout features a spacious foyer, formal dining room, and a cozy library/den, perfect for working from home or unwinding. The sunlit kitchen is complete with a breakfast nook, cooktop, range hood, dishwasher, refrigerator, and even a wine cooler for entertaining. The private primary ensuite boasts a walk-in closet, a large shower and generous primary bedroom. A small private patio off kitchen offers a serene outdoor space, while the building includes shared rooftop deck, patios, and common outdoor areas. Amenities include pool/spa, sauna, gym, game room, and media/recreation room. With a doorman, elevator access, & security features like an electric gate and voice intercom, convenience and peace of mind are yours. Add'l features include central AC/heating, an in-unit washer/dryer and private storage Located near downtown San Mateo, this condo combines convenience, style, and easy access to downtown restaurants, shops and library
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2319.0 / Month
Neighborhood Insights
San Mateo Unified Schools
Baywood Elementary School
Grades K-5 • 0.7 mi
6/10
Borel Middle School
Grades 6-8 • 0.9 mi
6/10
Aragon High School
Grades 9-12 • 0.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 3.0 | 1.4 |
| Square foot | 2,800 | 1,012.867 |
| Lot Size | - | 11,315.511 |
| Price | $2.50M | $745.6K |
| Price per sq ft | $893 | $786 |
| Built year | 1980 | 1981 |
| HOA | $2319.0 | $818 |
| Days on market | 7 | 65 |
Pricing History
Listed for Sale
Oct 17, 2026
$2,500,000
Initial Listing